Domestic Economy

A total of 5 million tons of agricultural and food products worth close to $4.1 billion were exported from Iran during the first nine months of the current Iranian year (March 21-Dec. 21).

Iranian steelmakers produced 34.8 million tons of semis and finished steel products during the first nine months of the current Iranian year (March 21-Dec. 21) to register a 5.98% year-on-year…

The United Nations forecasts Iran's economy to shrink by 2.7% and 1.2% in 2020 and 2021 respectively. In its latest publication, "World Economic Situation and Prospects 2020", the UN estimated…

The average annual inflation gap measured by the Statistical Center of Iran among income deciles stood at 2.2% in the 10th Iranian month (Dec. 22, 2019-Jan. 22), indicating a 0.2 percentage…

The parliamentary body responsible for reviewing the budget bill, the Majlis Joint Commission, has approved the pooling of next year’s revenues gained from the implementation of the Targeted…

European airlines can return to parts of Iranian and Iraqi airspace, the EU Aviation Safety Agency (EASA) said on Wednesday, three weeks after Iran accidentally shot down a Ukrainian passenger…

Mehdi Fekri, a member of the Iran Tile and Ceramic Producers’ Association, says implementation of the government-backed housing development project, the ‘National Housing Initiative’ in addition…

A total of 6.78 million tons of finished and semi-finished steel products were exported from Iran during the first eight months (March 21- November 21) of the current fiscal year -- a 28.62%…

Every day 3,000 tons of apples are exported from West Azarbaijan Province, according to the head of the provincial Agricultural Jihad Organization. “Our main export destinations are Afghanistan…

Iran’s non-oil foreign trade during ten months to January 20 reached $72 billion, according to Mehdi Mirashrafi, head of Islamic Republic of Iran Customs Administration.  Exports were put…

First Vice President Es’haq Jahangiri at the weekend  called for implementation of the so-called “package of measures to assist non-oil exports.”  The support measure was announced…

Zarin Holding Company plans to establish Iran's largest lead and zinc production unit in the city of Kuhbanan, in Kuhbanan County of Kerman Province, the CEO of the company Ebrahim Jamili said.…

Iran Chamber of Commerce, Industries, Mines and Agriculture will send a business delegation to Russia headed by the chamber president Gholamreza Shafei. The delegation is scheduled to visit…

Iran produces more than 80,000 tons of honey every year, Agricultural Ministry officials said during a ceremony held to unveil achievements in the beekeeping industry recently.

Apparel production in Iran is thriving these days, thanks to import restrictions and the rising prices of foreign brands.

The average Producer Price Index for the mining sector in the four-quarter period ending Dec. 21, 2019, increased by 52% compared with the same period of last year, according to the latest data…

A total of 81,400 tons of red meat were produced in Iran’s officially registered slaughterhouses during the third quarter of the current fiscal year (Sept. 23-Dec. 21, 2019), registering a 3%…

Iranian steelmakers registered the third highest growth in the world last year.  The latest report released by the World Steel Association shows Iran produced 31.9 million tons of crude…

Iran’s commercial exchanges with its biggest trading partner China amounted to $23.02 billion in 2019 to register a decline of 34.3% compared to 2018. Data released by China’s General…

Iran-China Chamber of Commerce has warned Iranian traders and merchants about the outbreak of a lethal coronavirus in China and called on them to monitor the latest situation of the viral spread…

Semnan Province has exported more than 82,000 tons of construction materials worth $8.63 million since the beginning of the current Iranian year (March 21, 2019) to register a 21% and 23% rise…

It was a strongly-held belief that the abundance of natural resources (such as fossil fuels and certain minerals) in a country engenders economic growth.  On the contrary, the performances…

Iran's biggest steelmaker Mobarakeh Steel Company plans to establish a second hot rolling mill, which is expected to render the country self-sufficient in steel sheet production.

Iran’s Corruption Perceptions Index dropped by two points in 2019 to score 26 out of 100, according to a report by the global graft monitor Transparency International.  As per the CPI…

A total of $450 million worth of bitumen have been exported from Iran since the beginning of the current fiscal year (March 21, 2019), according to Managing Director of Iran International…