The Central Bank of Iran reported last week that the economy expanded 4.6 percent in the first quarter of the current Iranian year (March 21-June 21). The CBI report shows that the country’s GDP…
Domestic Economy
The service sector in Iran, like many other countries, is gradually contributing more to the GDP growth than other sectors of the economy.
The proposal calling for an increase in mortgage ceilings for the Mehr housing units has finally landed in the Central Bank of Iran to be reviewed.
In the first five months of the current year (March 21 – August 22, 2014), 11.9 million tons of industrial commodities worth around $5.5 billion and 11.3 million tons of mineral commodities worth…
A direct shipping line between Iran and India will be established by Admiral Feeder Line, located in the Middle East. According to ISNA, the line will connect Mundra Port, on the western coast in…
The supreme council for the economy has removed export duties on nine commodities according to Clause 3, Section B, Article 104 of the fifth development plan in order to spur non-oil products…
The National Development Fund of Iran (NDFI) has agreed to provide 1.7 trillion rials ($63.7 million) of the total budget needed for nomadic tribes to produce meat. Bank Keshavarzi is responsible…
The value of exports rose 34% in the Iranian month of Shahrivar (August 23-September 22) compared to the similar period last year, reported Tasnim news agency. During the period, exports exceeded…
Iran’s import from the US increased 40% in the sixth month of the Iranian calendar (August 23-September 22), reported ISNA. Based on statistics, 2,297 tons of American goods worth $14.52 million…
A lawmaker said the ministry of roads and urban development is planning to use Chinese finance for several railway projects. Ebrahim Karkhaneh said one of the national projects which uses Chinese…
For some time now a hot debate is underway in Iran about the effectiveness of proposals by the government to help pull out the key housing sector from punishing recession and at the same time…
Existing irrigation methods are both energy and labor intensive and due to their low productivity the country needs to change from traditional to greenhouse farming.
The next meeting of the High Council of Exports will focus on easing the entire process of exportation in the near future.
Iranian workers have decided to ask the parliament to oblige their employers to deposit wages and benefits into their bank accounts after the Supreme Labor Council and the ministry of cooperatives…
The ministry of roads and urban development has proposed setting up a specialized fund to guarantee construction quality and safety of housing units years after the construction operation is…
The High Labor Council is working on a proposal based on which the minimum wage for workers would rise slightly for the second time in a year, a top advisor to Representatives Assembly of Iranian…
Iranians have spent millions of dollars sacrificing as many as 170,000 sheep and other livestock for this year’s Eid al-Adha or the Feast of Sacrifice, according to a report by Iran Veterinary…
Water quality will be instantly monitored through a comprehensive water quality control system, Kooshyar Azam-Vaghefi, director of water and wastewater supervision department at the National Water…
The Customs Administration has eliminated the export tariff for livestock, reported ISNA. The tariff was formerly 60% of the livestock value, and it last stood at 3.2 million rials ($120) for…
The Government Trading Corporation of Iran (GTC) has been officially merges with the agriculture ministry, reported Tasnim news agency. The annexation is based on the cabinet’s approval. The GTC…
The government is planning to build 800,000 leased houses for low-income Iranians during the next ten years, Tasnim news agency reported. The plan, which would replace the previous government’s…
The deputy minister for roads and urban development said four international shipping companies have announced that they will readily send their ships to Shahid Rajaee Port after removal of…
In the past 3 years, food price inflation has been soaring in Iran, partly because of the US-led sanctions. As a report by the Business Monitor International suggests, over the longer term,…
Occupation Cooperative Organization of Academic Graduates (OCOAG) has published a list of different academic field of studies with the most graduates among the unemployed.
Based on the list…
The Central Bank of Iran has announced minor fluctuations in the price of stable food items in the first week of the month of Mehr (September 21-26).
