Domestic Economy

Economic analysts and businesspeople have time and again called for reforming Iran’s decades-old Trade Law. However, they also strongly disapprove of legislators’ ongoing rush to pass the new…

Major Iranian aluminum producers' output during the first five months of the current Iranian year (March 21-Aug. 22) stood at 103,593 tons, which indicates a 32% decrease compared with last year…

Iran’s long-term unemployed population reached 37.8% of the total number of jobless in the last fiscal year (ended March 20, 2019).  The long-term unemployment rate, which is the share of…

A total of 699,341 tons of commodities were loaded and unloaded in Khorramshahr Port in the southern province of Khuzestan during the first five months of the current Iranian year (March 21-Aug…

A total of $800 million worth of pastry and chocolate were exported from Iran in the last fiscal year (March 2018-19). In an exclusive interview with the Persian daily Donya-e-Eqtesad,…

With a total of 887,543 tons of exports in the first five months of the current fiscal year (March 21-Aug. 22) and 174,772 tons in the fifth month (July 23-Aug. 22), Khouzestan Steel Company was…

A total of 850 products will be entitled to preferential tariffs once the trade deal between Iran and the Eurasian Economic Union takes effect, according to Iranian Energy Minister Reza…

Turkish companies are more willing to invest in Iran than other foreign firms, the chairman of Iran-Turkey Chamber of Commerce said. Speaking to IRNA, Reza Kami added that 100 large and medium-…

Iran Road Maintenance and Transportation Organization is not capable of purchasing heavy-duty vehicles used for the construction and repair of roads due to the 90% tariff imposed by the Islamic…

Chronic inflation, which stems from economic imbalances, ruins economic growth, Masoud Nili, a prominent economist and professor of economics at Sharif University of Technology, says.

Iran’s commercial exchanges with Russia amounted to $1.33 billion in the first seven months of 2019, indicating a 24.6% rise compared with the corresponding period of 2018, according to the…

Iranian small- and medium-sized enterprises exported €1.3 billion worth of non-oil commodities during the first five months of the current Iranian year (March 21-Aug. 22). According to Asghar…

Importers who have completed their customs clearance procedures but fail to discharge their goods from warehouses at the ports of entry will be heavily penalized, the head of Ports and Maritime…

A total of 201 new cooperatives were registered during the fifth month of the current Iranian year (July 23-Aug. 22), showing a 37% decline compared with the corresponding period of last year,…

Iran’s commercial exchanges with the United States saw a 70% decline during the first seven months of 2019 compared with last year's corresponding period to reach $49 million. Latest foreign…

The Ministry of Industries, Mining and Trade will impose 20-25% tariffs on export of unprocessed minerals as of Sept. 23. According to Deputy Industries Minister Jafar Sarqeini, the decision is…

Khatam al-Anbiya Construction Headquarters has signed a contract with Anzali Trade-Industrial Free Zone Organization for the construction of a Ro-Ro facility and a multi-purpose wharf at the…

The Economic Security Police Department of the Islamic Republic of Iran Law Enforcement Force started anti-smuggling operations at nine sea border crossings, one air border and three land border…

PMI for the fifth month of the current fiscal year (July 23-Aug. 22) settled at 45.79 from 50.07 in the preceding month (June 22-July 22), indicating a 4.28-point or 8.54% decline month-on-month…

Iran’s non-oil trade with other countries during the one-month period ending Aug. 22, which marks the end of the fifth Iranian month (Aug. 22), stood at $6.6 billion, indicating a decline of 10.…

The Ministry of Industries, Mining and Trade has proposed a levy of 25% customs duty on iron ore export. According to director general of the ministry's Mineral Industries Office, Seifollah…

The Export Price Index, an indicator measuring the overall change in prices of exported goods and services, (using the year ending March 2012 as a base year), stood at 441.4 in Iran for the…

Iran’s trade with Turkey totaled $4.21 billion during the first seven months of 2019 to register a decline of 30.2% compared with the corresponding period of 2018, data released by Turkish…

Imam Khomeini International Airport has registered 4,099 flights during the month to Aug. 22. Farough Alikhani, an Imam Khomeini Airport City official, said a total of 740,719 passengers were…

Iran produced 603 million chickens during the five months ending Aug. 22, registering an increase of 19.41% compared with last year’s corresponding period.