Domestic Economy
The pulse of life has started flowing once again in Zayandehrud River. Given the normally parched state of the river in the past few years and its name (which literally translates into life giver…
The Rouhani administration is determined to reduce the inflation rate and boost economic growth and, therefore, has prepared two versions of the draft budget for the next fiscal year (March 2015-…
About 9 trillion rials is annually spent on welfare projects, Minister of Cooperatives, Labor and Social Welfare, Ali Rabiee, said on Tuesday. “Although a huge amount of money is allocated every…
Iran is set to extend its national rail network by 10,000 kilometers, Ali Noorzad, the deputy minister of roads and urban development announced in a meeting with his Armenian counterpart, Arthur…
Exports to Iraq through Mehran international border—located in the west of Ilam Province—since the start of the current year (March 21) amounted to over $647 million, showing 20 percent increase,…
In a bid to improve Iran’s transportation infrastructure and provide the required machineries for the maintenance of the national road network, the cabinet has ratified the allocation of 2…
Tracking codes will be issued for imported commodities as from the end of this year (March 2015), director of the valuation office at Islamic Republic of Iran Customs Administration, Khodakaram…
Brent crude’s price has fallen to its lowest level in four years. Pierre Andurant, one of the most respected and successful fund managers in the oil industry, predicted late last month that oil…
The director of the Iranian World Trade Center has criticezed government efforts to join the World Trade Organization, arguing that the decision cannot be a good idea given the unsatisfactory…
The southern province of Hormozgan is ready to boost its trade ties with foreign countries, Khalil Qasemi, the head of Hormozgan’s industry, mine, and trade organization told IRNA on Monday.
Iran and Portugal have, for the first time in their history of mutual economic cooperation, signed a 25-article Air Transport Agreement (ATA), Alireza Jahangirian, head of Iran’s Civil Aviation…
The first International summit on Iran-Iraq trade development will start today in Tehran’s Milad Tower, IRIB reported. The summit is co-organized by the Iran-Iraq Joint Chamber of Commerce,…
The Rouhani administration has no plans to continue the purchase of used wagons from China, Mohsen Pooraghai, the general director of the Islamic Republic of Iran Railways told ILNA on Sunday.
Depleting groundwater levels and increasing amounts of saline water threaten date palms in southern Iran, IRNA reported on Saturday, citing the chairman of the National Assembly of Agricultural…
Italian private sector businesses are welcome to invest in projects in Fars Province, the southern province’s governor general, Mohammad Ahmadi, told IRNA.
The effects of recession in the housing market have finally touched mortgage bonds at Iran Fara Bourse or over-the-counter (OTC), pulling the price of each bond down on Saturday to a record low in…
The government is preparing a plan to provide exports with their share from the subsidy reform plan, Managing Director of Islamic Republic of Iran Shipping Lines, Mohammad Hossein Dajmar, said on…
The private sector is poised to operationalize two major development plans in the Persian Gulf Arab state of Oman, Gholamhossein Shafei, the head of Iran Chamber Of Commerce, Industries, Mines and…
The Managing Director of Kish Free Trade Zone has announced new direct flights between the Persian Gulf island and Turkey’s largest city of Istanbul will start in the near future, Mehr news agency…
About 45,000 tons of different commodities worth $43 million have been exported from Razi border customs through rail and land transport to European and Asian countries in the past seven months of…
Amenhotep Zambrano, the Venezuelan ambassador to Tehran, called for the export of pharmaceutical products from Iran to his country, ILNA reported on Saturday. In a meeting with Valiollah Afkhami…
Iran imported one million cubic meters of wood, 95 percent of which was provided by Russia, Abdolazim Aghajani, the secretary of the Association of Iran Wood Industries Employers told ISNA…
Iran and Azerbaijan can increase their annual bilateral trade to $10 billion, minister of information and communication technology, Mahmoud Vaezi has said.
Recent reports from the central bank show that the number of Iranian households with no employed member has increased from 15.5% to 24% over the past decade.
According to the bank’s data,…
