Domestic Economy

There were a total of 53,624 unfinished projects in Iran’s industrial sector as of Dec. 21, latest figures released by the Ministry of Industries, Mining and Trade show. There were 36,138…

A total of 21,000 tons of seafood were exported from the southern Bushehr Province during the first nine months of the current Iranian year (March 21-Dec. 21). “Shrimps accounted for around 15,…

Fresh US sanctions against Iranian steel exports are likely to have little impact because pricing remains attractive to Asian buyers, Iran-based sources told S&P Global Platts. “The recent…

Iran produced 175,000 tons of copper cathode during the first eight months of the current Iranian year (March 21-Nov. 21, 2019) to register an increase of 10% compared with last year’s…

People who own homes with a value of more than 100 billion rials ($763,358) and cars worth more than 10 billion rials ($76,355) will have to pay tax as of next fiscal year (starting March 20,…

The agricultural mechanization coefficient in Iran presently stands at 1.8 horsepower per hectare.  The figure stood at 1.2 hp/ha when President Hassan Rouhabi first took office in August…

More than 15,500 tons of greenhouse products worth $31 million were exported from Aras Free Zone in West Azarbaijan Province during the first nine months of the current Iranian year (March 21-…

A preliminary estimate of damage caused by torrential rainfall to the agriculture sector of the southeastern Sistan-Baluchestan Province tops 6,000 billion rials ($46 million).

A total of 35.43 million tons of iron ore concentrate were produced in Iran during the first nine months of the current Iranian year (March 21-Dec. 21) to register a 3% growth compared with the…

The seventh session of Iran-Qatar Economic Commission is scheduled to be held during the second month of the next fiscal year (April 20-May 20, 2020) in Tehran.

Land under wheat cultivation in Iran has reached 6 million hectares in the current cultivation season (started late September of 2019), according to latest data released by the Agriculture…

The Ministry of Industries, Mining and Trade estimates that 8.16 billion cigarettes were smuggled into Iran during the eight months ending Nov. 21, indicating a 43% decline compared with last…

A memorandum of understanding to establish a 1 million tons/year iron ore concentrate recovery from residues was signed on Tuesday by Golgohar Mining and Industrial Company, Gohar Ravesh Sirjan…

The Iranian Parliament has approved on Tuesday the exemption of following goods and services from value added tax: 

More than 1.87 quadrillion rials ($14.3 billion) worth of investments have been made in the industrial units with establishment permits, while 245.91 trillion rials ($1.87 billion) were invested…

Iranian rolling stock manufacturer Wagon Pars Company has built a total of 411 cargo and passenger wagons since the beginning of the current Iranian year on March 21, 2019, according to the…

Underemployment stood at 10.6% in the current Iranian year’s third quarter (Sept. 23-Dec. 21), up 0.7% year-on-year, according to the Statistical Center of Iran. Underemployment refers to the…

Authorities have allocated 200 billion rials ($1.52 million) to fight desert locust sweeping across southern parts of the country. The Plant Protection Organization of Iran, affiliated to the…

Iran’s West Azarbaijan Province has exported $1.42 billion worth of commodities since the beginning of the current Iranian year (March 21, 2019) to register a 74% rise compared with last year’s…

The Iranian Mines and Mining Industries Development and Renovation Organization's latest report on expansion of under-construction steel production units shows a total of 19.1 million tons will…

Iranian aluminum producers had an aggregate output of 196,329 tons of aluminum ingots during the first nine months of the current Iranian year (March 21-Dec. 21), which indicates a 21% decline…

In the Iranian years ending March 2018 and March 2019, the Health Ministry did not receive a penny of its 50% share in cigarette tax revenues, the head of the National Tobacco Control…

A total of 20.78 million tons of direct reduced iron were produced in Iran during the first nine months of the current Iranian year (March 21-Dec. 21, 2019), 9% more compared with last year's…

Exports of commodities to Iraq through the Sumar Border Terminal in Qasr-e Shirin County of Kermanshah Province restarted from Saturday, after a five-month pause due to border shutdown by the…

Purchasing Managers Index in the ninth month of the current fiscal year (Nov. 22-Dec. 21) settled at 48.22, indicating that Iran’s economy is in recession, according to the Statistics and…