Basmati exports market of India was expecting a good time this year, as Iran had decided to resume rice imports from the country.
But the higher price of Basmati rice made the…
Domestic Economy
Eighteen railbuses are due to join Iran’s rail fleet by March 20, which marks the end of the current Iranian year, a deputy minister of roads and urban development said.
Saeed…
Steel products exported by Iranian suppliers over the first 10 months of the current Iranian year soared by 45% year-on-year, according to the Iranian Mines & Mining Industries Development…
Railroads, environment and water and sewage are top priorities of the budget for the next fiscal year (March 2017-18), as 100 trillion rials ($2.6 billion) have been earmarked for the development…
Completion of 6,000 industrial projects and the launch of 33 new major projects have added 220,000 jobs to the economy during the current Iranian year (March 2016-17), says deputy minister of…
More than 12 million tons of goods were loaded and unloaded in Iranian ports over the past Iranian month (December 21, 2016-January 19, 2017), registering a 13.8% rise compared with the…
The Hungarian Export-Import Bank has allocated an €85 million credit line to the Export Development Bank of Iran to foster economic relations between the two countries, the Hungarian foreign…
The detergents and cosmetics market is worth 200 trillion rials (about $5.2 billion) per year, the deputy head of Detergents and Cosmetics Association of Iran, Mohammad Nilforoushan, said.
Iran’s Mahan Air will start operating direct flights to Barcelona as of June, Eduardo Lopez Busquets, Spain’s ambassador to Iran, announced.
“We are also trying to launch direct…
Iran exported close to 78 tons of saffron during the eight months to November 20, the deputy head of the Iranian National Saffron Council said.
“Different figures, ranging from 310 to 360…
The tragic death of border couriers has raised the alarm over the dire economic conditions in border towns.
Sixteen cross-border back carriers were buried under avalanche and five of…
The Islamic Republic of Iran Railways plans to rank the domestic rail transport companies based on their performance and services. Ticket prices will then be set on the basis of these ratings, the…
The governor of Kenya’s second largest city of Mombasa, Ali Hassan Joho, welcomed a delegation of Iranian investors on Tuesday after initial negotiations were held between the two sides in 2016.…
About 80% of Iran’s imports of basic commodities are carried out at Imam Khomeini Port in the southern Khuzestan Province, managing director of Ports and Maritime Organization of Iran, Mohammad…
The value of Iran’s capital market grew by more than 160% to over $165 billion since Hassan Rouhani took office as Iran's president in August 2013, the chief executive of Securities and Exchange…
A Kazakh national railroad company signed an agreement with the Islamic Republic of Iran Shipping Lines to establish a joint enterprise.
In addition to signing the deal…
The Agriculture Ministry has set a wheat production target of 12.6 million tons in the next Iranian year (March 2017-18), an official with the ministry said.
The target is part of the…
Ninety-three percent of all the raw vegetable oil in the domestic market is imported, according to secretary of Iranian Vegetable Oil Industry Association, Dariush Mahmoudi. “This is despite…
Negotiations have been underway to attract investments worth $3 billion in major Iranian airports, for which firm contracts for about $649 million have been signed so far, a deputy minister of…
About 120 million tons of oil products and 10 million tons of non-oil goods were loaded and unloaded in the ports of Bushehr Province located in southern Iran, over the 10 months to January 19,…
Over 80% of tires imported to Iran come from China, says Abbas Abbasi, a member of the Association of Tire Manufacturers, adding that the 20% anti-dumping duty currently in place is not sufficient…
Iran’s Ministry of Agriculture believes Malaysia can have a better differential import duty for palm oil.
Announcing the above, the Malaysian government’s news agency Bernama said Malaysia…
Per capita red meat consumption in Iran’s urban areas has decreased by 25% over the past decade to stand at 11.43 kilograms in the last Iranian year (March 2015-16), according to the head of…
Close to 6,300 tons of pomegranates worth 148 billion rials ($3.84 million) were exported during the nine months to December 20, the Islamic Republic of Iran Customs Administration’s data show.…
The United States’ Office of Foreign Assets Control has adopted a final rule amending the Iranian Transactions and Sanctions Regulations, 31 C.F.R. part 560 (ITSR), to authorize additional…
