Domestic Economy

The employment rate in Iran in the second quarter of the current fiscal year (June 21-Sept. 21) stood at 37.8% (23.54 million), down 2.4% compared with the same quarter of last Iranian year.

President Hassan Rouhani launched a series of government-backed housing projects via videoconferencing on Oct. 22. 

The average goods and services Consumer Price Index in the 12-month period ending Oct. 21, which marks the end of the seventh Iranian month, increased by 27.2% compared with the corresponding…

The Education and Human Resources Institute, affiliated with the Tehran Chamber of Commerce, Industries, Mines and Agriculture, is scheduled to hold two specialized courses, one on export, and…

The upstream steel industry registered growth in the production of iron ore concentrate, pellet and direct reduced iron during the first half of the current fiscal year (March 20-Sept. 22),…

Iran's aviation industry, a sector harshly hit by the spread of the new coronavirus, needs at least three years to make a comeback, says Siavash Amirmokri, managing director of Iran Airports…

Unemployment rate for university graduates stood at 14.9% in the second quarter of the current fiscal year (June 21-Sept. 21), posting a 2.3% year-on-year decrease.  Higher education…

The average goods and services Consumer Price Index of "leisure and culture" in the 12-month period ending Sept. 21, which marks the end of the sixth Iranian month, increased by 29.9% compared…

Lack of momentum in promoting “economic diplomacy”, the insignificant presence of commercial attachés in target countries and hurdles created by state agencies in the path of exports are the…

Iranian steelmakers produced a total of 25.39 million tons of semi-finished and finished steel products during the first half of the current fiscal year (March 20-Sept. 21) to register a 9.16%…

Underemployment, the condition in which people in a labor force are employed for less than 44 hours of service per week, stood at 9.3% in the second quarter of the current fiscal year (June 21-…

Iran’s business environment deteriorated in the second quarter of the current year (June 21-Sept. 21), according to Iran Chamber of Commerce, Industries, Mines and Agriculture.    

The shortage of foreign currency for importing raw materials is the biggest challenge facing Iranian industries.  According to Abdolvahab Sahlabadi, the head of Iran’s House of Industry,…

A total of 1.9 million tons of sugar beet are estimated to be produced on over 34,000 hectares in West Azarbaijan Province this year, making it the biggest producer of the crop in Iran.

Valfajr Shipping Company, a subsidiary of the Islamic Republic of Iran Shipping Line, will resume weekly sailing of passenger ships between Hormozgan’s Bandar Lengeh and Dubai by high-speed…

Iran exported 99,000 tons of home appliances worth $139 million during the five months to Aug. 21.  According to Mohsen Montazeri, an official with Trade Promotion Organization of Iran,…

Iran ranks 158 out of 162 countries and territories under review in Fraser Institute's Economic Freedom of the World: 2020 Annual Report, down 15 spots from 143rd in the previous year’s index.…

Iran Chamber of Commerce, Industries, Mines and Agriculture recently launched the so-called “Iranian Trade Center” in Syrian capital, Damascus, according to the chairman of Iran-Syria Chamber of…

Germany had the highest volume of trade with Iran among the 27 members of European Union in the first seven months of 2020, accounting for 41% of Iran's total exchanges with the bloc, latest…

The International Monetary Fund expects Iran's current account balance (CAB) to bounce back to the positive territory (surplus) in 2021. In its latest World Economic Outlook report, the IMF…

Minister of Industries, Mining and Trade Alireza Razm-Hosseini has appointed Mohsen Salehinia as the new managing director of the Industrial Development and Renovation Organization of Iran,…

The 130-kilometer-long Khaf-Herat railroad connecting Iran and Afghanistan has high potential for transit to the eastern neighboring country, according to the head of the Islamic Republic of…

Iran and the Eurasian Economic Union traded a total of about $2.8 billion worth of goods between October 27, 2019, when a preferential trade agreement came into effect between the two sides, and…

A total of $7 million worth of unfinished leather and wet-blue (processed raw hide before turning into finished leather) were exported from Iran during the first five months of the current…

The “National Export Day” ceremony, held every year on Oct. 20, has been postponed due to the coronavirus pandemic, reads a notice jointly released by Iran Chamber of Commerce, Industries, Mines…