Domestic Economy

Bank Maskan, the state-run agent bank of housing sector, granted a total of 62,944 construction loans worth 26,200 billion rials ($230.22 million) to real-estate developers across the country…

A total of 5.89 million tons of finished and semi-finished steel products were exported from Iran during the first half of the current Iranian year (March 21-Sept. 22) to register a 40.84% year-…

The average healthcare expenditure of urban and rural families increased by 22.46% and 31.17% respectively in the last Iranian year (March 2018-19) compared with the year before.  The…

Iran’s budget deficit in the first half of the current year (March 21-Sept. 22) hit 632.8 trillion rials ($5.59 billion), Mohammad Hosseini, a member of Majlis Plan and Budget Commission said.…

The combined nominal capacity of Iran's aluminum producers, namely Iran Aluminum Company (IRALCO) located in Arak (Markazi Province), Almahdi and Hormozal in Bandar Abbas (Hormozgan Province)…

Iran exported 799 tons of tobacco during the five months to Aug. 22, registering a 955.5% rise compared with the corresponding period of last year.  

The government has discontinued monthly payments of cash subsidies to a further 400,000 individuals who were found to be economically well-off. In doing so, the number of those removed from the…

Iran is the 12th biggest producer of footwear in the world, producing 177 million pairs annually.  “The country has a share of 0.8% in global footwear production,” the chairman of the…

Trade between Iran and EU member states during the first eight months of 2019 (January-August) stood at €3.47 billion to register a 75.71% plunge compared with last year’s corresponding period,…

The National Iranian Copper Industries Company and its subsidiaries, including Sungun Complex, Miduk Complex and Sarcheshmeh Copper Complex, produced an aggregate of 589,669 tons of copper…

Mobarakeh Steel Company (MSC) had the largest share of steel production in Iran during the first six months of the current Iranian year (March 21-Sept. 22). The company produced 4.34 million…

A survey of nine low-traffic airports in Iran during the first half of the current Iranian year (March 21-Sept. 22) shows Lamerd Aiport and Zanjan Airport have seen remarkable growth in landings…

The International Monetary Fund expects Iran's economy to further shrink to -9.5% in 2019 from an estimated -4.8% in 2018. IMF's latest World Economic Outlook report shows the country will…

Exports of pharmaceutical and their raw materials from South Korea to Iran have come to a halt, according to Gholamhossein Mehralian, an official with Iran Food and Drug Administration 

The Statistical Center of Iran has signed a memorandum of understanding with the Nomadic Affairs Organization. Signed on Tuesday, the agreement involves the exchange of information and…

Iranian steelmakers produced a total of 23.26 million tons of semis and finished steel products during the first half of the current Iranian year (March 21-Sept. 22) to register a 6.43% increase…

The Guardians Council–a watchdog body that ensures laws are in line with the Iranian Constitution and the Islamic law–has found the parliament-approved bill on establishing a Commerce Ministry…

Leading an economic delegation, Roads and Urban Development Minister Mohammad Eslami arrived in Turkmenistan's capital Ashgabat on Tuesday to attend the 15th session of Iran-Turkmenistan…

The average tariff set by the Eurasian Economic Union on Iranian goods as part of a preferential trade agreement set to come into effect between the two sides on Oct. 27 stands at 3.1%, while…

Iran Airports Company registered 37,165 takeoffs and landings during the sixth month of the current Iranian year (August 23-Sept. 22), which shows a 1.23% rise compared with the similar period…

The Iranian government will institute fundamental changes in the existing procedures regarding privatization. It’s nearly 28 years since the first privatization sale in Iran’s economy. …

Over 4.49 million people were employed in manufacturing enterprises, accounting for 18.9% of the total employed population—the biggest share among nine job groups defined by the Statistical…

A total of 761,170 passengers were transported via Imam Khomeini International Airport during the Iranian month ending Sept. 22. According to Farouq Alikhani, an Imam Khomeini Airport City…

Close to 9 million tons of essential goods were unloaded at Imam Khomeini Port located in the southern Khuzestan Province during the first half of the current Iranian year (March 21-Sept. 22),…

Iran accounts for about a quarter of all exports to neighboring Iraq. According to Iran's commercial attaché to Iraq, Nasser Behzad, China with 20%, Turkey with 19%, the US with close to 10%,…