Domestic Economy

Government Spokesman Mohammad Baqer Nobakht believes it is possible to triple cash subsidies paid to the poor.

The Islamic Republic of Iran Customs Administration has revoked the ban it had imposed in May on imports of scrap metals from Iraq and Afghanistan at the request of the Trade Promotion…

Having won a reelection in a landslide, Iran’s President Hassan Rouhani is expected to prioritize economic reforms.

Ferrosilicon production is an integral part of the steel industry and its downstream sectors. Iran is currently producing nearly enough of the raw material to feeds its furnaces, but the ambitious…

Imported goods without the labelImported goods without the label of Global Trade Item Number will be treated as of Global Trade Item Number will be treated as contraband, a deputy minister of…

The Government Trading Corporation of Iran has bought more than 2 million tons of wheat from domestic farmers across the country so far this crop year, according to GTC’s new managing director,…

Despite a slight rise in recent months, as expected, the inflation rate for the current Iranian year to March 20, 2018, will remain below 10%, deputy minister of economic affairs and finance,…

Iran exported close to 360 tons of barberry worth over 70 billion rials (about $1.9 million) to 31 countries in the last Iranian year (ended March 20, 2017), data released by the Islamic Republic…

Iran has shown more activity in the semi-finished product trade over the past week, amid a generally positive mood.

Offers for billet from Iran were heard by Metal Bulletin reporters in…

More than 6,300 tons of cargo were transported from Zahedan in the southeastern Sistan-Baluchestan Province to Pakistan’s Quetta during the first two months of the current Iranian year (March 21-…

Protectionism undertaken by a government to restrict international trade, often done with the intention of protecting local businesses and jobs from foreign competition, hurts Iranian consumers.…

Trade between Iran and China stood at $12.1 billion during the first four months of 2017, up from $8.1 billion in the corresponding period of 2016, registering an increase of over 49%, the General…

More than 43,600 tons of tomatoes worth 355 billion rials (over $9.5 million) were exported in the first month of the current Iranian year (started March 21), figures released by the Islamic…

The Central Bank of Iran has published growth figures for the third quarter of the last Iranian year (September 22-December 20, 2016).

According to CBI, the Iranian economy grew 15.7% last…

Order registrations are valid for rice imported until July 23 only, director general of Imports and Exports Regulations Bureau at the Trade Promotion Organization of Iran, Ali Aliabadi, said.

An exhibition and sales outlet for Iranian goods in the fields of restaurant equipment and hospitality opened in Muscat, Oman, on Saturday. Iran’s deputy envoy to Oman, Mohammad Toutounchi, who…

The average Producer Price Index in the 12 months ending May 21, which marks the end of the Iranian month of Ordibehesht, reached 5.9% compared with last year’s corresponding period, the latest…

By focusing on transportation development, Iran is planning to further improve its Logistics Performance Index ranking and continue the progress registered in 2016 when the World Bank listed the…

Iran exported $17 million worth of medical devices during the fiscal 2016-17, registering an 18% increase year-on-year, an official with Iran Trade Promotion Organization said.

Mohammad…

Yahya Al-e Es’haq, the former head of Tehran’s Chamber of Commerce, Industries, Mines and Agriculture, believes the reinstatement of Commerce Ministry is key to solving economic problems in Iran…

More than 21,500 tons of watermelon worth 134.5 billion rials (about $3.6 million) were exported from Iran in the last fiscal year (ended March 20, 2017), registering a decline of 96% and 97% in…

More than 14,880 tons of goods were loaded and unloaded at Abadan Port in the southwestern Khuzestan Province in the last Iranian year (March 2016-17), registering a 3.4% rise compared to the…

Iran’s non-oil exports to Taiwan saw a 206% hike in the last fiscal year (March 2016-17) compared with the year before to stand at $551 million. The East Asian country became Iran’s 10th biggest…

As many as 649 Iranian expatriate scientists have returned to the country and carried on with their studies and careers over the past two years, said Ali Morteza Birang, an official with the…

The two-year-old law requiring economic entities affiliated to non-departmental public bodies to make their financial statements transparent will be put into effect in the current Iranian month (…