Domestic Economy

Geo-economics dominated the agenda of a trilateral economic summit in Baku between Russia’s Vladimir Putin, Azerbaijan’s Ilham Aliyev and Iran’s Hassan Rouhani.

Fifteen tons of olives were imported into the country in the first quarter of the current Iranian year (March 20-June 20) despite an official ban on imports of the fruit. “The olives were imported…

The biggest international catering company in the Middle East, Dona, was inaugurated in Tehran at a ceremony on Sunday, IRNA reported. The Minister of Roads and Urban Development Abbas Akhoundi,…

Iran exported more than 12,000 tons of non-oil goods worth $20 million to Australia during the first four months of the current Iranian year (March 20-July 21), which indicates a 184% increase…

More than 13.4 million tons of wheat was produced in the country since March, up from last year’s 11.5 million tons as harvest season draws to a close, ISNA reported. Khuzestan, Golestan, Fars,…

Iran's gross domestc product during the first quarter of the current fiscal year (March 20-June 20) grew 4.4% compared to last year's corresponding period, President Hassan Rouhani announced on…

The government wants to revalue the Central Bank of Iran’s overseas assets and have the proceeds wired to its coffers. The parliament wants interest due on loans smaller than one billion rials ($…

A containership owned by South Korea’s Hyundai Merchant Marine Co. has berthed at Iran’s Shahid Rajaee Port in the southern Hormozgan Province, said head of Hormozgan Ports and Maritime…

An international forum dubbed ‘Showcase Iran 2016’ has been scheduled for London October 3-4 with the aim of helping UK and European businesses  explore investment opportunities in Iran after…

Iran exported 333,800 tons of non-oil goods worth $216.2 million to Italy during the first four months of the current fiscal year (March 20-July 21), registering an 11% rise compared to the…

All railroad stations in the major cities will be linked to rail-based commuting systems, especially in the newly-emerging new cities, according to CEO of the Islamic Republic of Iran Railways,…

Mineral exports reached 17.5 million tons worth $2.4 billion during the first four months of the current Iranian fiscal year (March 20-July 20), which indicates a 31% rise compared to last year's…

Iran will retaliate against Turkmenistan's recent decision to increase tariffs on Iranian transit trucks, says director general of the Transit and Border Terminals Bureau of Iran's Road…

With the lifting of sanctions, trade between Moscow and Tehran has grown 70.9% in year-on-year terms, according to Russia's ambassador to Iran, Levan Dzhagaryan.

Since sanctions against…

The Minister of Cooperatives, Labor and Social Affairs Ali Rabiei says four million people will be removed from the list of cash subsidies as per a decision by the parliament.

“We take into…

Iran’s economy is saddled by more than the economic sanctions. Shackles that have plagued it for years have grown stronger in the past decade and linger in the post sanctions era. These are the…

Non-oil exports should increase by $10 billion in the current fiscal year (ends in March 2017), according to the deputy minister of industries, mining and trade, Reza Rahmani.

“At…

Close to 1,430 tons of hand-woven carpets worth $83 million were exported to 80 countries during the first four months of the current Iranian year (March 20-July 20, 2016), with the US being the…

Up to 7 million people are unemployed in Iran of which four million lack the skills and training to be employed in any profession, according to deputy minister of cooperatives, labor and social…

A European investor was in Iran on Thursday to study avenues of cooperation in honey production, the Minister of Cooperatives, Labor and Social Welfare Ali Rabiei said. He did not specify the…

A political-economic delegation from Lebanon will visit Tehran on August 29 to explore avenues for cooperation in a wide-range of fields, namely investments, packaging, food, mines and commercial…

Iran exported more than 7,800 tons of non-oil goods valued at $13 million to the UK during the first four months of the current Iranian year (March 20-July 21), which shows an increase of 16%…

Iran-South Korea relations should move beyond trade and expand into cooperation in different fields of science, industry, agriculture and medicine, says the Korean Ambassador Kim Seung-ho. He…

Turkey’s trade with Iran has increased 30% since the lifting of sanctions, Turkey’s customs minister said on Wednesday. Bulent Tufenkci also said Iranian and Turkish companies were working on…

Agriculture Minister Mahmoud Hojjati says plans are underway to produce different varieties of hybrid seeds inside the country, including those for water intensive crops like melons and tomatoes,…