Domestic Economy

A total of 229 new cooperatives were registered during the fourth month of the current Iranian year (June 22-July 22), which shows a 30% decline compared with the corresponding period of last…

The Iranian government’s policy of granting subsidized foreign currency at the rate of 42,000 rials per US dollar to import pharmaceuticals and medical equipment is distorting the economic…

Director General of Afghanistan Customs Department Ahmad Reshad Popal, accompanied by a delegation of Afghan officials, arrived in Iran on Tuesday to hold talks with his Iranian counterpart,…

Iran’s business environment saw a modest improvement in the first quarter of the current fiscal year (March 21-June 21) compared with the previous quarter, a quarterly survey undertaken by Iran…

Job holders in the healthcare sector, including physicians, paramedics, pharmacists and veterinarians, whose licenses are issued by the Ministry of Health and Medical Education, Iran Medical…

While the US pressures on Iran’s economy has escalated now more than ever by imposing harsh sanctions against the Islamic Republic, commercial exchanges between the two countries is gradually…

Tehran’s Mehrabad International Airport ranked ninth from among 50 leading airports of 26 countries in the Middle East and North Africa in 2018. 

All market regulatory functions have been restored to the Ministry of Industries, Mining and Trade as per the decision taken by the Supreme Council of Economic Coordination last week, which gave…

The construction of Section-1 of Tehran-North Freeway has made 95.5% progress and the project is expected to come on stream by the end of summer (Sept. 22), according to the newly-appointed head…

Trade between Iran and India stood at about $17 billion in 2018, witnessing an increase of 24% compared to 2017, according to Iran's Ambassador to India Ali Chegini.

Mohammad Reza Modarres Khiyabani has been appointed managing director of the Islamic Republic of Iran Shipping Lines, also known as IRISL Group. He replaces Mohammad Saeedi after the latter…

Trade between Iran and EU member states during the first five months of 2019 stood at €2.05 billion to register a 76.31% plunge compared with last year’s corresponding period.

Iraq and Iran are neighbors: Around $25 million worth of Iranian goods enter Iraq every day. But it is not clear what will happen when a three-month US waiver that allows Baghdad to trade with…

Iran’s 4,480-trillion-rial ($37.64 billion) budget for the current fiscal year (March 2019-20) is based on the sale of 300,000 barrels of oil per day, the deputy head of Plan and Budget…

Iran accounts for under $600 million or 0.1% of trade between African countries and the world, the acting director of Trade Promotion Organization of Iran said. 

A discussion was held by Sri Lanka's Plantation Industries Minister Navin Dissanayake on Thursday for resuming tea export to Iran, which was constrained by US sanctions on the latter.

Iranian steel mills produced a total of 12.78 million tons of crude steel during the first half of 2019, which indicates a 5.6% rise compared with the corresponding period of 2018, the latest…

Iran traded 200,905 tons of non-oil goods worth $46.34 million with Brazil during the first Iranian month (March 21-April 20) to register a 127% growth in tonnage and a 29.14% decrease in value…

Consumer inflation registered a year-on-year increase of 48% in the Iranian month ending July 22 compared with the similar month of last year, the Statistical Center of Iran reported.

Iran exported 86,163 tons of non-oil goods worth $29.58 million to Ghana during the first Iranian month (March 21-April 20), registering an 85.34% and 7,801% growth in tonnage and value…

The unemployment rate fell below 10% for PhD holders and those with school certificates below diploma in the last Iranian year (ended March 20, 2019), whereas it topped out at 20.3% for bachelor…

Iran has about 4,000 inactive mines, the chairman of Iranian Mines and Mining Industries Development and Renovation Organization said. Khodadad Gharibpour, who is also a deputy industries…

Iran traded 103,023 tons of non-oil goods worth $22.27 million with Uzbekistan in the first Iranian month (March 21-April 20) to register a 755.04% and 194.94% growth in tonnage and value…

The Iranian Mines and Mining Industries Development and Renovation Organization is pursuing plans to expand mineral explorations to cover 300,000 square kilometers by the end of the second term…

Domestic demand for cotton stands at 120,000 to 130,000 tons per year in Iran and between 60,000 and 65,000 tons of which are expected to be produced domestically in the current fiscal year (…