Domestic Economy

The average Producer Price Index for the “agronomy, horticulture and traditional husbandry” sector in the four-quarter period to March 20, which marks the end of the fourth quarter of the…

The average annual inflation gap measured by the Statistical Center of Iran among income deciles stood at 3.4% in the second Iranian month (April 21-May 21), down 0.2 percentage points from the…

Iran traded 3.61 million tons of goods worth $1.9 billion with six Persian Gulf littoral states, namely Iraq, Kuwait, Qatar, the UAE, Bahrain and Saudi Arabia, in the first month of the current…

The average annualized food inflation stood at 49.6% in the month to May 21, latest data released by the Statistical Center of Iran show.  The Consumer Price Index of “food and beverage”…

Two Iranian airline, namely the flag carrier IranAir (Homa) and Karun, have received permits from the Oman Civil Aviation Authority to launch direct flights to the Sultanate. The new flights…

After negotiations with Pakistan’s Embassy in Tehran, problems related to visas for Iranian transit truck drivers held up at the eastern borders for weeks have been solved, says director general…

Iran exported a total of 124,737 tons of goods worth $91.6 million to Tajikistan in the last Iranian year (March 2021-22), registering a 535% and 459% rise in weight and value respectively…

Iran’s unemployment rate, the proportion of the jobless population of those above 15 years, stood at 9.2% in the fiscal 2021-22 (ended March 20), indicating a 0.4% year-on-year decline, says the…

A total of 202,246 tons of poultry meat were produced in Iran’s official slaughterhouses in the first month of the current fiscal year (March 21-April 20), indicating an 11.7% rise compared with…

Four hand-woven Persian carpets with a total area of 2,000 square meters have been exported to the UAE. “These carpets were woven in Tabriz, the provincial capital of East Azarbaijan, over…

There are 162,000 hectares of dysfunctional urban areas, including worn-out, historical and informal settlements, in Iran, where more than 19.5 million people are living, says Mohammad Ayeeni,…

The average Consumer Price Index of “tobacco” in the 12 months to May 21, which marks the end of the second month of the current Iranian year, increased by 35.3% compared with the corresponding…

Iran’s flag carrier airline is scheduled to start this year’s Hajj flight operations on June 12 from Tehran’s Imam Khomeini International Airport to King Abdulaziz International Airport in…

Long lines of Iranian trucks have formed at the common border with Pakistan. 

Iran traded 100.15 million tons of goods (excluding crude oil exports) worth $52.6 billion with the Organization of Islamic Cooperation’s member states in the fiscal 2021-22 (ended March 20),…

The Market Regulation Headquarters set the ceiling on rent levels for the current Iranian year (started March 21) at 25% in Tehran, 20% in cities with a population of over 1 million and 15% in…

A business conference between Iran and Syria is scheduled to be held in Tehran on May 30 for expanding bilateral trade, Iran’s Chamber of Commerce, Industries, Mines and Agriculture, the host of…

Iranian steel mills produced a total of 9.1 million tons of crude steel in the first four months of 2022, registering an 8.9% decline compared with the corresponding period of 2021.  A new…

At times, axioms of economics are not properly understood in Iran and the causality principle is misinterpreted.  For instance, a rise in rent rates, which is the result of increasing…

Lahore, the capital of Pakistan’s Punjab Province, hosted an event dubbed “Pak-Iran Business Expo 2022, Barter Exchange Initiative” from May 24 to 26.

The average Consumer Price Index of “health and medical treatment” in the 12 months to May 21, which marks the end of the second month of the current Iranian year, increased by 36.6% compared…

Tehran is hosting the Ninth International Exhibition of Rail Transportation, Equipment and Related Industries. The four-day event, held at Tehran’s International Fairground, will conclude on…

Prices of non-alcoholic malt beverages have increased by 20-25% and the Non-Alcoholic Malt Beverages Producers Association is no longer in charge of pricing, as the Consumers and Producers…

A total of 46,952 tons of red meat were produced in Iran’s official slaughterhouses during the month ending April 20 to register a 13% decrease compared to the previous month and a 4% rise year-…

Iran and the Eurasian Economic Union are expected to sign a free trade agreement in the eighth Iranian month Azar (Nov. 22-Dec. 21). The statement was made by Alireza Peymanpak, the head of…