Domestic Economy

  • Iranian Delegation to Visit Russia in March
    An economic and commercial delegation led by Vice President Mohammad Khazaei is scheduled to pay a two-day visit to Russia on March 5-6 to attend Iran-Russia Economic Cooperation Commission, Iran-...
  • Chabahar: Symbol of Resolve to Develop Region, Beyond
    Iran’s southeastern Chabahar Port can be seen from two viewpoints. From the viewpoint of empowering less-developed regions of Iran, it shows that in their drive to develop the southeastern part of...
  • Single-Digit Inflation Expected for 2nd Consecutive Year
    For the first time in almost half a century, 46 years to be precise, the Iranian economy is expected to register a single-digit inflation rate for two years in a row.  According to the latest...
  • Iran exported $5.57 billion worth of non-oil goods to Iraq during the 11 months to Feb. 19, the secretary-general of Iran-Iraq Chamber of Commerce said. Hamid Hosseini also told Financial Tribune...
  • Business Delegation to Visit Albania, Macedonia
    An Iranian business delegation led by Chairman of Iran Chamber of Commerce, Industries, Mines and Agriculture Gholamhossein Shafei is scheduled to visit Albania and Macedonia from April 23 to 26....
  • Industrial Permits Register Growth
    The Ministry of Industries, Mining, and Trade issued 13,974 permits for the establishment of industrial units during the nine months to Dec. 21, 2017, registering an increase of 16.9% compared to...
  • Container throughput at Khorramshahr Port has reached 81,000 TEUs so far.
    More than 2 million tons of goods have been loaded and unloaded in Khorramshahr Port since the beginning of the current Iranian year on March 21, 2017, indicating a 130% jump compared with last...
  • CBI: Inflation at 9.9%
    The average goods and services Consumer Price Index for urban areas in the 12 months ending Feb. 19, which marks the end of the Iranian month of Bahman, increased by 9.9% compared with last year’s...
  • Pre-Arrival Declaration in 2 More Customs Terminals
    The Islamic Republic of Iran Customs Administration has allowed the pre-arrival declaration of imported commodities in Shahid Bahonar Customs Terminal of Bandar Abbas in the southern Hormozgan...
  • Connectivity Central to Iran-India Future Ties
    Iranian President Hassan Rouhani’s recent state visit to India has strengthened the prospects of India-Iran relations and raised India’s profile in the region. Indian Prime Minister Narendra Modi...
  • Shahid Rajaee Port’s Phase 3 Launch on Wed.
    President Hassan Rouhani is scheduled to break ground on Phase 3 of Shahid Rajaee Port, Iran’s biggest container port at the mouth of the Strait of Hormuz in southern Hormozgan Province on...
  • Domestic Textile Industry in  Dire Straits
    The Iranians’ overall declining purchasing power and excessive imports have pushed the Iranian textile industry into recession in recent years, the chairman of Tehran’s Wholesalers and Textile...
  • Salary Rise  Cap at 20%
    Members of parliament have set the highest increase in salaries for public sector employees in the next fiscal year (starting March 21) at 20%. Top executives, including the heads of the three...
  • Iranians spend up to 80 billion rials ($1.77 million) on smoking daily.
    From a moral standpoint, policymakers should not prioritize the interests of powerful economic entities over public welfare. However, when it came to deciding the cigarette tax rates last week, the...
  • Next Year’s Budget Approved
    Members of the Iranian Parliament agreed on a 12.17-quadrillion-rial ($269 billion) budget for the next Iranian year on Thursday with 148 votes in favor, 38 against and 3 abstentions.  The budget...
  • Qazvin-Rasht Railroad to Come on Stream in 3 Months
    The railroad to connect the two Iranian cities of Qazvin and Rasht has made 81% physical progress and is scheduled to come on stream during the second month of the next Iranian year (starting March...
  • Iran’s Corruption Perceptions Index Improves
    Iran’s score based on the Corruption Perceptions Index improved by a notch in 2017 with 30 out of 100, a report by global graft monitor Transparency International announced.  The CPI scale...
  • India’s 6th Wheat Consignment Unloaded at Chabahar
    India’s sixth consignment of wheat to be sent to Afghanistan arrived in Iran’s southeastern port of Shahid Beheshti in Chabahar on Thursday. A total of 3,600 containers weighing 95,000 tons have...
  • Exports to OIC Top $17 Billion
    Iran exported $17.19 billion worth of goods to member states of the Organization of Islamic Cooperation during the first 10 months of the current year (started March 21, 2017), Trade Promotion...
  •  The government is planning to create 1.33 million jobs in the next fiscal year (starting March 21).
    Eight Iranian provinces, namely Hormozgan, Semnan, Markazi, North Khorasan, Khorasan Razavi, Ardabil, Ilam and Zanjan, registered single-digit unemployment rates (7.5%, 8.3%, 8.5%, 8.7%, 8.8%, 9.2...
  • Crimean Ports Under Sanctions Looking for Way Out to Iran
    Crimea’s ports, which are not operating at full capacity due to the fear of ship-owners incurring fines from Ukraine and western sanctions, are considering the possibility of working with Iran as...
  • Iran’s President Hassan Rouhani (R) met with KRG Prime Minister Nechirvan Barzani in Tehran on Jan. 22, 2018. (File Photo)
    Iran and northern Iraq’s Kurdish Regional Government hope to increase cross-border trade volumes by increasing the number of border crossings between them, KRG local officials have been quoted by...
  • 5th Indian Wheat Cargo Arrives for Afghanistan in Chabahar
    India’s fifth consignment of wheat to be sent to Afghanistan has arrived at Iran’s southeastern Shahid Beheshti Port in Chabahar. The Ministry of Roads and Urban Development’s news portal also...
  • Spanish Foreign Minister Alfonso Dastis met with President Hassan Rouhani on Feb, 21.
    Foreign ministers of the Netherlands and Spain are in Tehran for expansion of bilateral economic and political ties.  Sigrid Kaag, who also doubles as minister of foreign trade and development...
  • 27m Chickens Culled Since Avian Flu Outbreak
    More than 27 million chickens have been culled since the recent outbreak of avian flu in Iran, chairman of the board of directors at Tehran’s Union of Producers of Egg-Laying Chicken, Nasser...

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