Domestic Economy

The Ministry of Industries, Mining and Trade has lifted its seasonal ban on rice imports. The decision has been communicated to all customs bureaus across the country in a letter signed by Ali…

Iran is the biggest importer of black chador (a full-body semicircular piece of fabric used by some Muslim women to cover the body while leaving the face uncovered) with around $100-120 million…

Of the 23.8 million people employed in Iran in the last fiscal year (ended March 20, 2019), 12.9 million or 54.2% stayed for fewer than 10 years in their main jobs.  Job duration for…

A total of 327 billion rials ($2.8 million) worth of contraband were confiscated by the Consumers and Producers Protection Organization and inspectors of the industries, mining and trade…

Tax will be levied on products that cause environmental damage in their manufacture or use, an official with the Iranian National Tax Administration said.

Due to the rising cost of raw materials, prices of bitumen have gone so high that no one wants to buy it anymore. The lower development budget has also led to a decline in bitumen consumption,…

The latest industrial purchasing managers’ index (PMI) survey indicates that economic players are still optimistic about the prospects of domestic production. The Statistics and Economic…

Iran and Nicaragua signed a memorandum of understanding in the Iranian capital Tehran on Saturday for joint investments in the fields of oil, agricultural outsourcing and industries. The…

Iranian small- and medium-sized enterprises exported goods worth $4 billion during the last Iranian year (March 2018-19), according to Deputy Industries Minister Mohsen Salehinia. The exports…

A total of 17 million tons of iron ore were exported from Iran in the last fiscal year (March 2018-19), figures released by the Iranian Mines and Mining Industries Development and Renovation…

Twenty-five percent of the packaging industries have now shifted toward using plastics instead of cardboards due to the rise in paper price, says Managing Director of Cardboard and Paperboard…

Iran traded 11.16 million tons of non-oil commodities worth $6.42 billion with CIVETS (Colombia, Indonesia, Vietnam, Egypt, Turkey and South Africa) in the last fiscal year (ended March 20, 2019…

Iran has ranked 52nd globally in the Fragile States Index, produced by Fund for Peace, a US non-profit, non-governmental research and educational institution.  FFP placed Iran in 'High…

Major Iranian steelmakers sold a total of 477.82 trillion rials ($4 billion) worth of products during the first four Iranian months (March 21-July 22) to register a year-on-year increase of 93…

Iran Chamber of Commerce, Industries, Mines and Agriculture plans to send an economic delegation to Austria in October.  The delegation is expected to start a four-day visit from Oct. 2.…

More than 2.3 billion transactions worth 2,646 trillion rials ($22 Billion) were processed via Shaparak in the calendar month to July 22, according to the company’s monthly report. …

The number of new orders for waterborne vessels placed with workshops located in Hormozgan Province in the four months since March 21 has increased 327% compared with the same period of last…

Iran traded 10.81 million tons of non-oil commodities worth $6.33 billion with the VISTA group of countries in the last fiscal year (ended March 20, 2019) to register a 42.85% and 27.33% decline…

Why can’t Iran turn into an exporting superpower in the Middle East? Mohammad Reza Modoudi, the caretaker of Trade Promotion Organization of Iran, believes Iran’s export performance is hobbled…

An estimated 2.2 million tons of finished and semi-finished steel products were exported from Iran in the first three months (March 21-June 20) of the current fiscal year, showing 12.2%…

Approximately 392 trillion rials ($3.28 billion) worth of investments are planned in industrial units for which establishment permits have been issued.   In the same realm, 43.8…

Shipping services between Chabahar’s Shahid Beheshti Port and Indian ports are available on a weekly basis, Behrouz Aqaee, director general of the Ports and Maritime Organization of Sistan-…

A reefer ship to carry perishable commodities such as fruits will be launched between Iran’s Jask Port in Hormozgan Province and Omani ports for the first time in the near future, Iran’s…

Iran’s exports to the neighboring country Iraq have been on the decline since the last Iranian month (June 22-July 22), says secretary-general of Iran-Iraq Chamber of Commerce.

A total of 233,300 tons of paper were produced in Iran during the first quarter of the current year (March 21-June 21), registering a 1.8% decline compared with the same period of last year.…