Domestic Economy

The Ministry of Cooperatives, Labor and Social Welfare identified 1,281 economic enterprises by the end of the second quarter of the current Iranian year (Sept. 22) with an array of problems…

An economic delegation from Russia’s Samara Oblast concluded a visit to Iran's Mazandaran Province on Wednesday. The Russian delegation held meetings with local traders and businesspeople and…

Iranian steelmakers produced 30.98 million tons of semis and finished steel products during the first eight months of the current Iranian year (March 21-Nov. 21) to register a 5.82% year-on-year…

One of the main objectives of the government in the next Iranian year (starting March 20, 2020) is to boost domestic production and employment.  As one of the appendixes to the newly…

Major local carmaker Iran Khodro (IKCO) is strengthening ties with Defense Ministry-affiliated firms by planning 23 auto parts production projects. This is IKCO's newest move to curb the sector…

The Purchasing Managers' Index for the eighth month of the current fiscal year (Oct. 23-Nov. 21) settled at 51.13 from 50.97 in the preceding month (Sept. 23-Oct. 22), indicating a 0.7-point or…

The government has considered a budget of 12.8 trillion rials ($93.77 million) for the Ministry of Cultural Heritage, Handicrafts and Tourism in the next fiscal year (starting March 20, 2020).…

As per the new regulation ratified by the government, bananas, mangos and pineapples could be imported into Iran, provided apples are exported in return. The regulation, effective as of Dec. 8…

Policies, prospects, priorities and perceptions so imperfectly explained in the 2020-21 fiscal budget President Hassan Rouhani presented on Sunday are yet another reminder of the truth that the…

Due to the surplus red meat production, there is no need for imports in the current Iranian year (March 2019-20) and the country can fully meet demand at home, says director general of the…

Iran’s Chamber of Commerce, Industries, Mines and Agriculture is scheduled to host a conference on Dec. 29 to review economic and commercial ties with Kazakhstan.  

A total of 6.37 million tons of non-oil commodities worth $5.34 billion were exported from the southern Bushehr Province during the first eight months of the current Iranian year (March 21-Nov.…

Tehran Chamber of Commerce, Industries, Mines and Agriculture hosted the Fifth Anti-Corruption Congress in Tehran on Monday. December 9 is observed annually as the International Anti-Corruption…

The government intends to earn 8,087 billion rials ($596.82 million) from tax on cigarette imports next year (March 2020-21).  A total of 20,014 billion rials ($152.77 million) are also…

More than 1.61 quadrillion rials ($12.19 billion) worth of investments have been made in industrial units wi establishment permits were issued while more than 227.54 trillion rials ($1.71…

Zarshooran Gold Mine's new development phase has been inaugurated. The mine is located 35 kilometers from Takab town in northwestern province of West Azarbaijan.

Iran Chamber of Commerce, Industries, Mines and Agriculture is scheduled to hold a meeting on Tuesday to introduce China’s new ambassador to Iran Chang Hua to representatives of Iranian private…

Iran's non-oil foreign trade (excluding crude oil, mazut, kerosene and exports via suitcase trade) during the first eight months of the current Iranian year (March 21-Nov. 21) stood at $55.42…

Economy Minister Farhad Dejpasand has called for the establishment of a new court solely to resolve commercial disputes in the city of Tehran. In a letter to Ebrahim Raeisi, the head of Iran’s…

The Iranian government has set next year’s departure tax at 2.64 million rials ($20) for travelers who take their first overseas trip of the year, as per the budget bill of the next fiscal year…

Groups of desert locusts have reappeared in southeast Iran.  Despite intensive control operations, hopper bands and swarms continue to form along both sides of the Indo-Pakistan border…

Iran is the world's 30th biggest exporter of pastry and chocolates, as it shipped $800 million worth of these products in the last Iranian year (March 2018-19). According to Kaveh Zargaran, the…

Iranian steelmakers produced 26.92 million tons of semis and finished steel products during the first seven months of the current Iranian year (March 21-Oct. 22) to register a 5.95% year-on-year…

President Hassan Rouhani submitted the budget bill for the upcoming Iranian year (March 2020-21) to the parliament on Sunday which, he said, is indicative of the country’s tenacity and…

The Ministry of Industries, Mining and Trade's review of 12 mineral products during the first seven months of the current Iranian year (March 21-Oct. 22) shows nine witnessed year-on-year growth…