Domestic Economy

The Iranian Mines and Mining Industries Development and Renovation Organization has released a news report on the sales of 73 heavyweight Tehran Stock Exchange-listed mining and mineral…

Majlis Joint Commission—a parliamentary body responsible for reviewing the budget bill proposed by the government before it is put to a parliamentary vote—has made changes to the next fiscal…

Transportation expenses, which involve the cost of incorporating raw materials into the production process and/or finished goods being shipped out to the customer, account for 12% of the total…

The ban on imports of cosmetics and toiletries has killed 8,000 jobs since last year and is bound to cost the economy thousands more, says Hamid Moqimi, the chairman of the Iranian Association…

Divers stranded at Iran’s borders with the neighboring countries are at risk of contracting coronavirus, the secretary of Iran's Truckers Union said.   “Medical teams are present on…

A senior official believes that the government has overestimated its next year’s revenues from reducing tax breaks, curbing tax evasion and levying wealth tax. 

The Ministry of Industries, Mining and Trade estimates that 9.07 billion cigarettes were smuggled into Iran during the 10 months to Jan. 20 to register a 45% decline compared with the similar…

Unemployment rate for university graduates stood at 17.4% in the third quarter of the current Iranian year (Sept. 23-Dec. 21, 2019) to register a 1.2% decrease compared with the corresponding…

Iran exported an aggregate of 8.5 million tons of mineral products worth $1.4 billion to Iraq, Turkey and Afghanistan during the first eight months of the current Iranian year (March 21-Nov. 21…

World Steel Association's latest report shows Iran's global standing in steel production has climbed from the previous 10th to eighth place. According to the Brussels-based international trade…

Iran’s trade with Turkey totaled $335.7 million in January to register a decrease of 57.23% compared with the corresponding month of 2019, data released by Turkish Statistical Institute show.…

Reception halls are not allowed to charge penalties for cancellation or change of booking dates, following the outbreak of coronavirus, says Khosro Ebrahimi-Nia, the head of Function Halls…

Payam International Airport, located in the city of Karaj, 35 km from Tehran, has temporarily suspended international cargo flight services to prevent the spread of the new coronavirus, says…

Iran has exported $1.24 billion worth of commodities to Afghanistan since the beginning of the current Iranian year (March 21, 2019) to top the list of world exporters to the neighboring country…

Iranian airlines are operating flights to bring back Iranians stranded in neighboring countries, following the outbreak of the new coronavirus.  According to Iran's Civil Aviation…

Iran’s foreign trade is struggling to cope with political and economic challenges, as well as the deteriorating economic situation caused by US sanctions, special commercial circumstances and…

Despite reassurances by the Ministry of Industries, Mining and Trade that Iranian ports have ample stocks of food and essential goods, people are racing to buy in large quantities supplies from…

The government has set wheat’s guaranteed purchase price at 22,000 rials ($0.14) per kilogram for the harvest of the next Iranian year (starting March 20, 2020). "If the Economic Council, which…

The Statistical Center of Iran has released a new report, reviewing the price changes in food products during the month ending Feb. 19.   The biggest month-on-month price rise for a…

Latest data released by the Ministry of Industries, Mining and Trade detailing the volume and number of industrial permits issued during the first nine months of the current Iranian year (March…

Airlines and rail companies have been ordered by the Ministry of Roads and Urban Development to waive the fees for changing or canceling tickets in light of the ongoing coronavirus spread.…

Modern irrigation systems have been installed on 100,000 hectares of farmlands across the country since the beginning of the current Iranian year (March 21, 2019), according to the chairman of…

A stock of 3 million hoarded masks was confiscated in Tehran on Tuesday, the director general of Tehran’s Tazirat Organization (a judiciary-affiliated oversight entity dealing with trading…

The Plant Protection Organization has received 200 billion rials ($1.3 million) from the government to battle desert locusts that have swarmed southern Iran, while at least $5.45 million more…

The growth in overall Consumer Price Index was the highest (2.2%) for Qazvin Province during the 11th month of the current Iranian year (Jan. 21-Feb. 19) compared with the previous month.…