Domestic Economy

The geological features of Iran consist of a complex tectonic framework within the broader Alpine-Himalayan orogenic belt and hosts deposits of more than 68 fuel and nonfuel mineral commodities.…

Around 15.2 million tons of goods valued at $6.53 billion were exported from the southern Bushehr Province in the first three months of the current Iranian year (March 20-June 20, 2016), which…

Iran and Azerbaijan have signed an agreement to boost cooperation in road transportation. The agreement was reached during a two-day meeting of the Iran-Azerbaijan Road Transport Commission held…

Romania exported $68.73 million worth of commodities to Iran in the first four months of 2016, which indicates a 71.73% rise compared to the corresponding period of a year ago.

Retailers have until July 21 to obtain licenses for selling cigarettes, according to Iran’s Planning and Supervision Center for Tobacco Products.  After the deadline, the operation permits of…

Mitsubishi Aircraft Corporation is in talks with Iran to supply the country with its regional passenger jet currently under development.

The Japanese company, which is a unit of Mitsubishi…

Following reports that smuggled lemons and sour cherries are being sold in the domestic fruit markets, Agriculture Minister Mahmoud Hojjati has called for the formation of a taskforce led by his…

Bulgaria and Iran have formalized a deal for the Balkan country to export honey to the Islamic Republic.

The decision was made in a meeting between Bulgarian Agriculture Minister Desislava…

The ambassadors of South Korea, the Philippines, Brunei, Indonesia, China, Vietnam, New Zealand, Thailand and North Korea to Iran visited Maku Free Trade Zone in West Azarbaijan Province on…

One year on, the same collective wisdom that made the nuclear deal possible seems vital to pave the way for receiving foreign investment.

Iran exported $32.7 million worth of goods to Vietnam during the first two months of the current Iranian year (March 20-May 20, 2015).  Imports stood at $2.4 million during the same period,…

Iranians annually purchase 15 million mobile phones, 60-70% of which demand are met by smuggled products, said the deputy head of Tehran Chamber of Guilds. Ebrahim Dorosti also blamed the high…

More than 106,400 tons of goods were exported from the port city of Bandar Lengeh in southern Hormozgan Province during the first three months of the current Iranian year (March 20-June 20, 2016…

Iran has joined the International Chamber of Commerce’s Certificate of Origin Accreditation Chain, leading to better coordination with other chambers of commerce across the world.

Belgium’s Antwerp Port Authority signed a memorandum of understanding on Monday with Shahid Rajaie Port Authority, located in Iran’s southern Hormozgan Province.

A politico-economic delegation from Chile headed by the country’s Foreign Minister Heraldo Munoz will visit Iran in September, according to Iran’s Chamber of Commerce, Industries, Mines and…

The government has purchased more than six million tons of wheat from local farmers since the beginning of the harvest season in late March, indicating a 13% increase compared to last year's…

Date production and exports are expected to rise in the current Iranian year (March 2016-17). According to the Agriculture Ministry, the output is estimated to increase by 100,000 tons from last…

Deputy Transport Minister Ali Nourzad says 1,500 kilometers of under-construction roads across the country will be completed by the end of the current Iranian year (March 20, 2017).  “…

The Food and Drug Administration of Iran has banned the import of Chinese dental equipment as well as autoclaves (dental sterilization units). The measure has been taken in support of domestic…

About 17-20% of Iran’s total exports head for Iraq, according to Iran’s commercial attaché in the neighboring country. “Iran’s exports to Iraq are three times as much as its exports to Europe,…

The import tariff on mobile phones has been reduced from last year’s 7% to 5% in the current Iranian year (March 2016-17), says the deputy head of the Association of Audiovisual Equipment…

Iran’s sports industry could be set for a wave of foreign investment, as companies seek to build brand identity and consumer loyalty in the Middle East’s second most populated country.

The Iranian National Tax Administration has taken a new step toward trusting taxpayers and changing its operational procedures in line with the adoption of new Direct Tax Code, which aims to boost…

Iran bought 60,000 tons of Brazilian raw sugar last week in one of the first purchases this year after sanctions were lifted in January with further imports expected in coming months.