Domestic Economy

In the budget proposed by the government, the customs revenues are predicted to reach 130 trillion rials ($4.8 billion at official exchange rate) within the next fiscal year, which will start…

The government needs to establish a national saffron development fund to help organize the saffron market, regulate the price fluctuations and further export the product, Farshid Manouchehri,…

Director of Iran’s Civil Aviation Organization, Ali Jahangiri, said on Sunday that only Iranian nationals are authorized to import aircraft. Iran recently lifted restrictions over the import of…

Foreign currency policymakers have always focused on maintaining the “nominal exchange rate” and have treated the “real exchange rate” with indifference. The latter, however, has gained relevance…

President Hassan Rouhani said on Sunday that curbing inflation is the main target of his administration’s proposed budget for the next fiscal year, starting March 21, 2015.

He made the…

The market will decide the price of bread, Mojtaba Khosrotaj, the deputy minister of industry, mine and trade, said on Sunday, adding that only 20 percent of bakeries across the country are free…

Iran has to seize the opportunities in neighboring countries to increase its export of engineering and technical services, Deputy Foreign Minister Morteza Sarmadi said on Saturday.”Many countries…

Reforms must be made to Iran’s rail industries that have plunged into recession in recent years, Mohammad Reza Nematzadeh, the minister of mine, industry and trade, said on Saturday. He added that…

Iran’s tax revenues increased by 52 percent during the first eight months of the current year compared to the same period last year, Ali Asgari, head of the National Tax Administration, said on…

Investment policies of President Hassan Rouhani and his economic team to improve agro-infrastructure, such as improvement of irrigation systems, will help Iran produce better quality grains, a…

Optimism about the future of the ongoing nuclear talks between Iran and the P5+1 (the US, Britain, China, France, Russia and Germany) and the extension of sanctions relief have triggered…

Labor Minister Ali Rabiee on Saturday described job creation a serious challenge and a costly endeavor facing the Rouhani administration.

The export of IT-related services rose by 60% during the first eight months of the current Iranian year, compared with the same period last year, Valiollah Afkhamirad, head of Trade Promotion…

Limited access to financing is one major problem Iranian industries are facing, Mohammad Ali Seyed-Abrisham, managing director of Iran’s Small Industries and Industrial Parks Organization (ISIPO…

The government can charge buyers of Mehr Housing units not more than three million rials ($111.5 at the official exchange rate), a ceiling already set for tax on each unit, Mohammad Mehrabadi, the…

More than 169,000 tons of agricultural products have been exported from the western Iranian province of Kurdistan in the first eight months of the current year (which started March 21), Karim…

Domestic manufacturing should have priority over promotion of the so-called free trade with the rest of the world, Mojatab Khosrotaj, the deputy minister of industry, mine and trade, said on…

The newly-inaugurated transnational railway linking Iran, Turkmenistan and Kazakhstan will transform the transit procedure in the region, said President Hassan Rouhani’s Chief of Staff Mohammad…

Minister of Industry, Mine and Trade Mohammad Nematzadeh called on Friday for integrated policies to be adopted on car manufacturing and auto parts industry, saying both industries must be given…

Hundreds of Turkish trucks are waiting in a 20-kilometer queue on Iranian border to have their tanks sealed before entering Iranian territory, IRNA reported on Friday.

The government has authorized the revival of the Management and Planning Organization (MPO) through merging two presidential offices, MNA reported on Wednesday.

Malls here, malls there and malls everywhere!  The ubiquitous presence and influence of these monstrous structures across Tehran and other big cities are causing some real concern.

Following the announcements on Tuesday that the administration has prepared the budget bill based on oil price of $70 per barrel, economists have rejected the decision as wrong.

The long-awaited transnational railway linking Central Asia with the Persian Gulf was officially inaugurated on Wednesday in a ceremony at a remote train station on the border of Iran and…

Oil prices in international markets have drastically decreased, registering a four-year record low. The fall in price was predictable but the scale of such freefall took everybody by surprise,…