Domestic Economy

Despite persistent warnings and strict regulations, the smuggling and sale of banned foreign fruits including Egyptian orange, African and Brazilian lemon and Turkish avocado and cornelian cherry…

Tehran has topped the list of world cities that have achieved biggest improvements in livability over the past five years, as calculated by the Economist Intelligence Unit. The scores were…

South Korean manufacturer of rolling stock, defense products and plant equipment Hyundai Rotem has collected 83.5 billion won (about $75 million) in outstanding payments from a railway project in…

Minister of Economy Ali Tayyebnia says Iran welcomes Chinese investment in non-oil sectors and hopes to “maintain an active role” in the so-called Belt and Road initiative.

A trade delegation of representatives from the public and private sectors is scheduled to visit Oman in mid-September, said the deputy head of the Trade Promotion Organization of Iran Mohammad,…

More than 327,000 tons of watermelon worth almost 1.7 billion rials ($47.9) were exported during the first four months of the current fiscal year (March 20-June 20), registering a 6% rise in…

Iran exported 570,600 tons of non-oil goods worth $182.8 million to Turkmenistan during the first four months of the current Iranian year (March 20-July 21) -- a 27% decline in value compared to…

Azad Omrani, a member of the Agricultural Products National Association, has cautioned against alacrity in the commercializing and consumption of transgenic crops.

Drawing on their long-standing presence in a wide-range of sectors in Iran, German firms have been among the first to plan for the resumption of their engagement in the Iranian market following…

More than 10.76 million tons of wheat worth 137 trillion rials ($3.87 billion at current market exchange rates) have been purchased from local farmers by the government since the beginning of the…

Around 400 tons of illegally imported goods, including food items and clothing, worth 150 billion rials ($4.24 million at current market exchange rates) were destroyed in Tehran on Wednesday, in…

Iran exported 305,200 tons of non-oil goods worth $137.4 million to Taiwan during the first four months of the current Iranian year (March 20-July 21) indicating a threefold rise in value compared…

Declining oil export earnings, dire economic conditions and the government’s declared aim to join the World Trade Organization make a powerful case for those in charge to make concerted efforts to…

Valiollah Afkhami-Rad, head of the Trade Promotion Organization of Iran, is due to visit Budapest September 14-18 at the head of a commercial delegation.

About 1,800 tons of milk in excess of domestic demand is converted into powdered milk everyday as demand has tanked for this dairy product, according to the head of the Agriculture Commission of…

Iran exported more than 144,300 tons of non-oil goods worth $141.3 million to Spain during the first four months of the current Iranian year (March 20-July 21), which shows a 58% increase compared…

Iran exported $27 million worth of hand-woven carpets to the US during the first four months of the current Iranian year (March 20-June 20, 2016), according to head of Iran’s National Carpet…

About 95% of the agricultural machinery need is met by domestic producers, according to Kambiz Abbasi, an official with the Ministry of Agricultural Jihad.

Iran’s High Council of Free Trade and Special Economic Zones is lobbying for setting up new zones across the country. However, the move is facing strong opposition from opponents trying to block a…

The government paid 137 trillion rials ($3.87 billion) in cash subsidies during the first four months of the current fiscal year (March 21-July 21), according to the spokesperson of the Majlis…

Minister of Economic Affairs and Finance Ali Tayyebnia arrived in Beijing on Monday at the head of a delegation to attend the 16th session of the Iran-China Joint Economic Commission. The 15th…

Production units to be established in the less developed areas will be exempt from tax, deputy minister of industries, mining and trade, Hossein Abouyi Mehrizi has announced. Production units to…

The Islamic Republic of Iran Railways says plans are underway so that 7 million people can use suburban trains from the next fiscal year (starts in March 2017). According to the IRIR chief…

More than 5.5 million tons of goods valued at $2.5 billion were exported to the UAE during the first four months of the current fiscal year (March 20-July 21), which shows a 47% rise compared to…

The chambers of commerce of Iran and China have signed a memorandum of understanding to boost cooperation in China’s Belt and Road Initiative (B&R), which aims to connect China to Europe via…