Domestic Economy

Airplane ticket fares have been liberalized in 170 domestic routes while tickets of the remaining 87 routes will be sold at prescribed rates. According to an announcement made by Civil Aviation…

Lebanese traders are determined to invest in Iran’s consumer goods sector, including companies involved with food distribution, telecommunications, technology, hotels and pharmaceuticals, said the…

American multinational financial services corporation Morgan Stanley has described Iran as the last large, modern, educated economy that is locked out of the global system, and the biggest one to…

India has expressed interest in signing a preferential trade agreement with Iran, once western sanctions on the Persian Gulf nation are lifted.

This will be India’s first trade agreement…

At least 2.2 million tons of citrus fruit will be produced in Mazandaran in the current Iranian year (to end March 19, 2016)–50% more than last year’s output, Mehr News Agency quoted the northern…

The goods and services Consumer Price Index for rural areas in the 12-month period ending November 21, which marks the end of the Iranian month of Aban, increased by 12.5% compared with last year’…

Iran-Hungary Economic Commission will be reestablished after more than a decade, says Minister of Industries, Mining and Trade Mohammad Reza Nematzadeh.

The Producer Price Index in the 12-month period ending November 21, which marks the end of the Iranian month of Aban, increased by 7.8% compared with last year’s corresponding figure, according to…

Which state body is the main decision-maker in Iran’s economy?

Neither economic pundits nor policymakers can answer this question definitively, as there is no single entity tasked with…

Iran does not need to import wheat in the next Iranian year (starting March 20, 2016) amid this year’s bumper harvest and brimming reserves, says deputy agriculture minister. “This year, more than…

The first edition of Iran-Italy confab organized by the European House Ambrosetti—a major Italian consulting group founded in 1965—will be held in Tehran on April 18 and 19, 2016.

Iran will produce 10 billion cigarettes with international brands by the end of the current Iranian year (March 19, 2016), says the head of Tobacco Planning and Supervision Center affiliated with…

This is the largest Italian trade delegation that has ever visited Iran and held over 1,000 meetings in two days to explore avenues of cooperation, the European country's deputy minister for…

Iranian businesses attending the 35th India International Trade Fair, which was held in New Delhi, India, on November 14-27, complain about the host country’s cumbersome customs regulations,…

Iran needs to import 600,000 tons of rice to meet domestic demand in the current Iranian year (to end March 19, 2016), says deputy agriculture minister, Abbas Keshavarz.

Any import will be…

Close to 2.6 million tons of steel products are currently stored in warehouses, a figure that accounts for nearly 20% of annual steel production.  Steel sheets make up for the bulk of the…

More than 74,000 tons of apples worth over $441 million were exported from West Azarbaijan Province to Iraq, India, Pakistan, the UAE, Kuwait, Tajikistan, Turkmenistan and Afghanistan during the…

On average, more than $20 billion worth of goods are smuggled in and out of the country every year, said the head of Central Taskforce to Combat Smuggling of Goods and Foreign Currency. Habibollah…

Gold exports from the city of Mashhad, located in Khorasan Razavi Province, have picked up after a 15-year hiatus, the head of Mashhad Gold and Jewelry Producers Guild said. Baqer Maboudinejad…

Italy plans to become Iran’s top trade partner and turn the Middle Eastern country into the world's eighth biggest automobile manufacturer by 2018, said the visiting Italian deputy minister for…

Expanded Polystyrene or EPS is a lightweight, rigid, plastic foam insulation  material produced by expanding solid beads of polystyrene. It performs as an acoustic and thermal insulator, is…

The Ministry of Agricultural Jihad has rejected the claims that some 1,700 tons of potatoes have been buried in Fars Province by the Central Organization of Rural Cooperatives of Iran for creating…

No one doubts that Iran has potential. With almost 80 million people, it is the world’s 17th-most-populous market.

The country has competent farmers, carmakers, drug firms and a fairly…

The earthy smell of silk and wool fills a showroom piled with thousands of hand-woven rugs. It is a familiar scent, one that links this shop in LA’s Westwood neighborhood to Tehran’s bazaars 8,000…

c in the territory of Armenia, the latter’s Agriculture Minister Sergo Karapetyan said on Friday during a meeting with Iranian Ambassador to Armenia Seyyed Kazem Sajjadi. Sajjadi said the export…