The Iranian private sector has invested 420 trillion rials ($11 billion) in Iran’s development projects since President Hassan Rouhani took office in 2013, according to Minister of Roads and Urban…
Domestic Economy
Maritime transportation accounts for about 87% of global trade, which figure for Iran currently stands at 85%, the CEO of the Islamic Republic of Iran Shipping Lines said.
According to…
Some 90% of contraband household appliances have been confiscated from stores selling these products across the county, the head of Iran’s Home Appliances Association said.
Trade between Iran and Pakistan over the nine months to December 20, 2016, increased by 35% compared with the preceding year’s corresponding period to stand at $805 million, according to Iran’s…
Iran Aseman Airlines is set to lease seven A320neo from an undisclosed Irish firm following the signing of a memorandum of understanding between Iran’s Civil Aviation Organization and the Irish…
Some 160,000 tons of sweet almond valued at close to $1 billion are produced in Iran every year, of which 4,000 to 5,000 tons worth $25 million are exported to 26 countries, including Turkey,…
The Russian planemaker Sukhoi Civil Aircraft Company is trying to obtain a license from the US Treasury Department’s Office of Foreign Assets Control to sell its Super Jet 100 aircraft to Iran,…
Minister of Industries, Mining and Trade Mohammad Reza Nematzadeh arrived in the Iraqi capital on Monday to open the third exclusive exhibition of Iran in Baghdad International Fairground.
An economic delegation from South Korea is scheduled to arrive in Tehran on February 22, Iran Chamber of Commerce, Industries, Mines and Agriculture has announced on its news website.
Iran and Sweden signed a memorandum of understanding to boost road transportation in Tehran on Sunday.
Based on the MoU, the two sides have agreed to increase the number of transit trucks…
Around 1,000 workers have found employment overseas since the beginning of the current Iranian year (March 2016), according to Mohammad Akbarnia with the Ministry of Cooperatives, Labor and Social…
Iranian urban life in the modern era is aching for a revision of procedures and line of thinking, said the minister of roads and urban development.
Around 31,200 tons of dried tea leaves were produced in Iran during the current Iranian year (started March 20, 2016), registering a 60% rise compared with last year, according to the head of Iran…
The reform plan has reduced the cost of health care by 30% since its implementation in 2013, an Iranian parliamentarian said.
Ahmad Hemmati believes investment in medical equipment and the…
As per the sixth five-year development plan (2017-22), 30% of government revenues earned from value added tax will be used to shore up small- and medium-sized enterprises, according to the head of…
Iran’s 14 domestic airlines operated 17,796 flights during the Iranian month to January 19, 2017, of which close to 42% (7,471 flights) were delayed, data released by the Ministry of Roads and…
Kish Airlines is planning to buy four short-range planes by the end of the current Iranian year (March 20), according to CEO of the Iranian company.
“At present, 20 Iranian provinces have…
Economists have time and again warned about the dire financial conditions of pension funds in Iran and that they are likely to go under in the not-too-distant future.
The costs imposed by…
Budget deficit is taking its toll on Iran’s infrastructure development, leading to underinvestment and worsening recession in industries.
Figures published by the Central Bank of Iran show…
Limiting iron ore exports will weaken the already struggling domestic miners and cause Iran to lose its foothold in established export markets, the head of Iranian Mines and Mining Industries…
More than 150 million square meters of tiles and ceramics in excess of demand are currently piled up in warehouses across the country, according to chairman of Iran Ceramic Producers Syndicate,…
More than 23,000 tons of eggs were exported in the seven months to October 21, 2016, which were halted after the outbreak of bird flu on November 2, the head of the Union of Producers of Egg-…
The first Internet marketplace called Cheegel has been launched with the objective of indexing, introducing and exporting Iranian products, the CEO of the Export Development Bank of Iran’s…
Close to 118.9 million tons of goods were loaded and unloaded in Iranian ports during the 10 months to December 20, 2016, registering a 9.4% increase compared with the corresponding period of…
Iran’s airports are witnessing strong growth in aircraft movement as well as passenger and cargo transportation, according to Iran Airports Company's statistics shared with…
