Domestic Economy

  • Umbrella Imports Top $1.5 Million
    More than 908 tons of umbrellas worth 50.62 billion rials ($1.54 million) were imported into Iran during the first 10 months of the current Iranian year (March 21, 2017-Jan. 20), the Islamic...
  • Uptrend Persists in Billet, Slab Export Prices
    Iranian export prices for steel billet and slab continued to rise in the week that ended on March 7 with bookings agreed at higher prices, supported by the uptrend in the global market and reduced...
  • The Chinese side is to deliver 56 wagons in the form of completely built-up units, 70 wagons will be assembled in Iran and the remaining 504 are going to be constructed in Iran.
    China Railway Rolling Stock Corporation Changchun Railway Company (CRRC CRC) and Tehran Wagon Company have won the tender to build and supply 630 cars for Tehran’s Subway on Wednesday.  The...
  • Exports have been posting strong growth since Dec. 22, the start of winter.
    Iran’s non-oil trade balance turned positive in the 30 days to Feb. 19, which marks the end of the Iranian month of Bahman, given the monthly exports of $6.07 billion and imports of $4.85 billion,...
  • $556m Public-Private Deal to Build Freeways
    Contracts worth 25 trillion rials ($556.54 million) was signed between the Ministry of Roads and Urban Development and the private sector on Sunday for the construction of 439 kilometers of...
  • Iran, Serbia Resume Direct Flights
    After a gap of 27 years, direct flights between Iran and Serbia resumed on Saturday, when an Iran Air jet touched down at Belgrade’s Nikola Tesla airport, Serbian media reported. Iran Air is...
  • Shahin Mustafayev
    A delegation headed by Azerbaijan’s Minister of Economy Shahin Mustafayev will pay a visit to Iran from March 12 to 14, the Ministry of Economy told APA-Economics.  During the visit, Mustafayev...
  • Iran-Cyprus Trade Up 76%
    Trade between Iran and Cyprus stood over €11.66 million in 2017, registering a 76.13% surge compared with the previous year.  Iran’s trade with Cyprus experienced the sixth highest growth from...
  • Iran Investment Prospects Discussed in Rome Forum
    Iran’s economic and investment opportunities were surveyed at a forum held in the Italian capital Rome on Wednesday. Italian investors, bank managers, legal experts and businesspeople, together...
  • 46% Rise in Kish Port Throughput
    More than 2.66 million tons of oil and non-oil products were loaded and unloaded in Kish Port in southern Iran during the 11 months to Feb. 19, registering a 46% increase compared with the...
  • Top 3 Budget Spenders in Upcoming Fiscal Year
    Social welfare, employment and production, and education are the top three expenditures in the government’s budget for the upcoming fiscal year (starting March 21), said the head of Planning and...
  • Odisha is home to 68 types of minerals, including chrome, lead, zinc, copper, gold and tin.
    Moved by the industrial climate and opportunities available in Odisha, Iran has evinced...
  • Iran Air Seeks to Recruit More Female Pilots
    Iran’s flag carrier airline, Iran Air, has kicked off a drive to attract more female pilots. The company released a new recruitment advertisement for a new generation of pilots earlier this month...
  • Tehran-Ashgabat Business Forum Scheduled
    A joint business forum between traders of Iran and Turkmenistan is scheduled to be held concurrent with President Hassan Rouhani’s visit to Ashgabat from March 26 to 29, the news portal of Iran...
  • Alexander Novak
    Russia and Iran can sign the document that is expected to become a blueprint for free trade between Iran and the Eurasian Economic Union countries in May. This was announced by Russia’s energy...
  • ICCIMA Delegation  to Accompany Zarif  on 3-Nation Tour
    A business delegation from Iran Chamber of Commerce, Industries, Mining and Agriculture will accompany Foreign Minister Mohammad Javad Zarif in a tour of Senegal, Brazil and Uruguay from April 9-12...
  • Iran to Buy Wheat for Flour Exports
    Iran is giving Russia another market to offload its massive wheat harvest.  
  • Iranian Glass Sheet Exported to Qatar
    More than 1,300 tons of glass sheet worth 10 billion rials ($222,568) have been exported from Bandar Lengeh in the southern Hormozgan Province to Qatar for the first time. This was announced by...
  • The Industrial Development and Renovation Organization of Iran and Chinese firm CRRC Nanjing Puzhen signed a contracts for design, procurement, supply, manufacture and delivery of 450 subway wagons for the Iranian cities of Ahvaz, Shiraz and Tabriz on Wednesday.
    In line with its ambitious railroad expansion plans stipulated in Iran's Sixth Five-Year Development Plan (2017-22), the Iranian government is strengthening its cooperation with China.  Two rail-...
  • ECO-CCI Meetings Conclude in Tehran
    The 24th Executive Committee and the 16th General Assembly of the Economic Cooperation Organization’s Chamber of Commerce and Industry (ECO-CCI) was held in Tehran from March 3 to 5. This was the...
  • The 14th session of Iran-Russia Economic Commission focused on financing major projects and easing bilateral trade.
    Iran’s Economy Minister Masoud Karbasian met with his Russian counterpart Maxim Oreshkin in Moscow on Monday. The two sides emphasized the need to expand economic cooperation, Mehr News Agency...
  • Foreign Trade Up 16.17%
    Iran’s non-oil foreign trade during the first 11 months of the current fiscal year (March 21, 2017-Feb. 19) stood at $89.34 billion, indicating a 16.17% rise compared with last year’s corresponding...
  • Markazi Export Up 27 Percent
    About 302,000 tons of non-oil products worth $840 million have been exported from Markazi Province since the beginning of the current Iranian year (started March 21, 2017), indicating a 27% and 9%...
  • Transactions With Hungary at €49m in 2017
    Trade between Iran and Hungary stood at more than €49.32 million in 2017, showing a 33.75% decline compared with 2016. Iran’s commercial exchanges with Hungary registered the biggest year-on-year...
  • Iraqi officials say rebuilding the country after three years of war with the self-styled Islamic State terrorists will cost more than $88 billion.
    Iranian First Vice President Es'haq Jahangiri is expected to arrive in the Iraqi capital Baghdad today to join an Iranian business delegation led by Minister of Industries, Mining and Trade...

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