High levels of sugar imports have caused an oversupply of the product, putting pressure on domestic producers, according to comments made by senior officials.
Domestic Economy
Trade balance with Turkey dropped $93 million to minus $1.497 billion in the first ten months of the current year (March 21-January 20) compared with the similar period last year, based on…
With more than 2 million metric tons of chicken meat produced per annum, Iran has become self-sufficient in chicken farming, deputy minister of agricultural Jihad, Hassan Rokni said on the…
Trade between Iran and the Chinese southern province of Guan Dong stood at $15 billion in 2014, Jae-Young Fang Chen, the Chinese deputy governor said in her meeting with Ali-Reza Salarian, the…
Iran and the International Transport Forum (ITF) have singed an MoU to expand bilateral transport ties and improve business environment in this sector, Mehr news agency reported on Sunday.
The first all-concrete runway has been officially inaugurated in Shahid Madani Airport, in the northwestern city of Tabriz, in the presence of the First Vice President Es’haq Jahangiri, ISNA…
The government is determined to complete the Mehr Housing Project by the end of the first half of the upcoming fiscal year (starting March 21), deputy minister of roads and urban development…
Iran is ready to export technical and engineering services to Egypt, said Deputy Economy Minister Mohammad Khaza’ee, speaking at a conference titled “Iran and Egypt, Future Perspective” held in…
Talks are underway between the Iranian and Omani delegates for launching a direct shipping line between the two countries; IRNA reported, citing the Muscat-based daily Al-Zaman.
In today’s global marketplace, effective branding is viewed as a key to success, one that gives the companies a major edge in increasingly competitive markets. Brand is often considered as a…
Iran's handmade carpet industry seems to be losing its once elevated status. Those watching this key sector and issues related to it are voicing concern that if effective action is not taken…
Harshly criticizing the ministry of labor and social affairs for its perceived shortcomings, secretary-general of Labor Coalition Alireza Mahjoob has described the Rouhani administration’s…
Sea transportation cost of some goods is higher that their actual cost, Tofigh Majidpoor, the head of board of directors of a shipping company told ISNA on Saturday. The daily cost of operating a…
The import of tilapia fish increased by 235 percent in the first ten months of the current year (March 21-January 20), ISNA reported on Saturday. Despite the disputes over the import of this type…
Iran’s automotive market is in the grip of “oligopoly” as the current regulations have significantly impeded competition, said Reza Shiva, the head of Competition Committee, which is the…
The managing director of Petrochemical Commercial Company and a member of Iran Management Consultants Association, Mehdi Sharifi Niknafas believes the decline in global oil prices and the…
First Vice President, Es’haq Jahangiri, called on Saturday for promoting what he described as “knowledge-based economy”, saying that unlike oil-based economies or those relying on finite resources…
Deputy Minister of Cooperatives, Labor and Social Welfare, Hamid Kalantari, said on Friday that nearly $1 billion worth of commodities have been exported to other countries by the cooperatives…
Twenty-one million metric tons of non-oil goods, valued at $16 billion, were exported via the southern province of Bushehr’s customs during the first nine months of the current Iranian year (…
Minister of industry, mine and trade, Mohammadreza Nematzadeh, said on Friday that Iran’s pharmaceutical industry must be export-based, noting that the administration is seeking to empower private…
Turkey’s Economy Minister Nihat Zeybekçi announced that a trilateral meeting of economy ministers of Iran, Turkey and Azerbaijan will be held in March, IRNA reported on Friday. Zeybekçi who met…
Next year’s budget proposal for the transport sector has increased by 18 percent, deputy minister of roads and urban development Amir Amini said in a news conference in the western province of…
Minister of Industries, Mines, and Trade Mohammad-Reza Nematzadeh has called on foreign home appliance manufacturers to have their products made by Iranian companies.
Iran has exported $5.12 billion worth of commodities to neighboring Iraq during the first ten months of the current Iranian year (ending March 20), Majid Ghorbanifaraz, an official at Iran’s trade…
The world’s biggest ro-ro (con-ro) container vessel, the Jolly Titanio, currently sailing under the flag of the Italian “Messina” liner, docked at terminal No. 2 of Shahid Raja’ee…
