Domestic Economy

A groundbreaking ceremony was held in the presence of Roads and Urban Development Minister Mohammad Eslami last week to launch the construction of the first phase of Kermanshah-Bisotun-Homeyl…

Swarms of desert locusts have been spotted in the southern provinces of Iran, including Hormozgan, Khuzestan, Fars and Bushehr.  Local agricultural authorities are ready to battle the…

Major Iranian steelmakers exported a total of 4.71 million tons of semi-finished and finished steel products during the 10 months to Jan. 20 to register a year-on-year decline of 19%, latest…

Iran-Singapore Commercial Committee was officially established on Wednesday, the deputy head of Iran Chamber of Commerce, Industries, Mines and Agriculture for international affairs said.

Iran’s budget deficit came in bigger than expected in the first nine months of the current fiscal year (March 21-Dec. 21, 2018) to hit 451.1 trillion rials ($3.8 billion), latest data released…

Over 42,300 tons of tea worth around $195 million were imported into Iran during the first nine months of the current Iranian year (March 21-Dec. 21, 2018), latest data released by the Islamic…

Iranian President Hassan Rouhani and his Russian counterpart Vladimir Putin will hold a meeting on the sidelines of the Astana trio’s summit on Syria to discuss trade and economic cooperation,…

Three European signatories to the Iran nuclear deal—formally known as the Joint Comprehensive Plan of Action—namely Germany, France and Britain, have proposed to limit the scope of INSTEX, the…

West Azarbaijan exported commodities worth $1.1 billion during the first 10 months of the current fiscal year to Jan. 20 to register a 144% growth compared with last year's corresponding period…

Around 350,000 tons of dates worth $300 million have been exported from Iran since the beginning of the current Iranian year on March 21, 2018. “We expect the figure to rise to 400,000 tons by…

North Khorasan Province’s first special economic zone was inaugurated in the city of Bojnord on Monday. According to the CEO of North Khorasan Industrial Parks Company, Siyavash Vahdat, the…

Qatar Airways started a direct flight between Doha and Isfahan on Monday, IRNA quoted Hassan Amjadi, director general of Isfahan Airports Company, as saying.  The state-owned flag carrier…

First Vice President Es'haq Jahangiri inaugurated two steel plants in Hamedan Province on Tuesday. The first project is Sabanour Pellet Plant, which came on stream with an investment of 3…

A total of 84,200 tons of red meat were produced in Iran during the third quarter of the current Iranian year (Sept. 23-Dec. 21, 2018) to register a 20% decline compared with the similar period…

A meeting was held at the Imam Khomeini International Airport in Tehran on Sunday to discuss the details of the construction of a new terminal. Iranshahr Terminal is projected to become "Iran’s…

Foreign travelers to the holy city of Mashhad in Iran's Khorasan Razavi Province will not be charged with tourist tax, local officials have announced.  The decision to cancel tourism tax…

About 1.11 million tons of rice worth around $1.1 billion were imported into Iran during the first 10 months of the current Iranian year (March 21, 2018-Jan. 20), which shows a 0.89% decline in…

More than a decade after the subway construction plan in Alborz Province was announced, municipal bodies have stopped promising ambitious dates for its conclusion. A member of Karaj City…

The Statistical Center of Iran has released its latest report on Producer Price Index for industrial and mining sectors. 

About 16.56 million tons of non-oil commodities worth $9.07 billion were exported from the southern Bushehr Province during the 10 months to Jan. 20, registering a 46% growth in value, while…

A memorandum of understanding for the construction of 44 vessels worth €140 million was signed by Minister of Defense and Armed Forces Logistics Amir Hatami and Roads and Urban Development…

Tehran Mayor Pirouz Hanachi submitted the capital city’s budget for the next fiscal year (March 2019-20) to Tehran City Council on Sunday.  The budget stands at 189.3 trillion rials ($1.57…

The Producer Price Index of poultry products in the third quarter of the current fiscal year (Sept. 23-Dec. 21, 2018), which marks the end of autumn, reached 470.54, indicating an increase of 32…

Iran traded 446,305 tons of non-oil commodities worth $146.99 million with Armenia during the first nine months of the current fiscal year (March 21-Dec. 21), registering a 92.91% and 36.69%…

Iran exported $36 million worth of furniture during the first nine months of the current Iranian year (March 21-Dec. 21) to register a huge hike of 227% compared with last year’s corresponding…