Domestic Economy

  • 5% Decline in Airports Traffic
    Iran Airports Company registered 33,651 takeoffs and landings during the Iranian month ending March 20, 2018, which shows a 5% decline compared with last year’s corresponding period. Close to 4.07...
  • Non-Oil Trade With Italy  Up 9.6%
    Iran traded $1.85 billion worth of non-oil goods with Italy in the last Iranian year (ended March 20, 2018), which is 9.67% more compared to the year before, making the European country Iran’s 10th...
  • Labor Ministry Reports Provincial Share of GDP
    The Ministry of Cooperatives, Labor and Social Welfare’s Center of Statistics has published Iran’s provincial share of GDP for the fiscal 2015-16.  Tehran Province, wherein lies the capital city,...
  • Hand-Woven Carpet Exports at $424m Last Year
    Some 5,400 tons of hand-woven Persian carpets worth $424 million were exported from Iran in the last fiscal year (ended March 20, 2018), registering an increase of 18.11% in value compared to the...
  • The total resources of the Subsidy Reform Plan stood at 2.78 quadrillion rials ($66.19 billion) during March 2010-17.
    Less than 1% of the revenues earned from the Subsidy Reform Plan were allocated to the production sector between 2010-11 and 2016-17, according to a report by Majlis Planning and Budget Commission...
  • Government Plans $12b Debt Swap Deal With SSO
    The government plans to clear over 60% of its debt to the Social Security Organization (500 trillion rials or $12 billion) through a debt swap deal, the deputy minister of cooperatives, labor and...
  • Russia Signs EAEU-Iran FTZ Agreement
    Russian Prime Minister Dmitry Medvedev signed an interim agreement with a validity of four years for...
  • Modern Irrigation Systems  Installed Over 180,400 ha Last Year
    More than 180,400 hectares of farmland were equipped with modern irrigation systems in the last Iranian year (March 2017-18), the chairman of Modern Irrigation Systems Project undertaken by the...
  • Iran Business Environment Improves
    Iran’s National Business Environment Index improved slightly in the fourth quarter of the last fiscal year (Dec. 22, 2017-March 20), according to the results of a study undertaken by Iran Chamber...
  • 12% More Foreign Flights Using Iranian Airspace
    The number of foreign flights using Iran’s airspace in the last Iranian year (ended March 20, 2018) increased by 12% compared with the year before, the Ministry of Roads and Urban Development’s...
  • Erbil Confab to Focus on  Iran Trade
    Iran-Iraq Chamber of Commerce plans to send a business delegation to Erbil in Iraqi Kurdistan to attend a conference on expansion of trade ties between Iran and the Kurdish region, the chamber...
  • IMIDRO’s Report on Downstream, Upstream Steel Sectors
    A total of 38.34 million tons of iron ore concentrate was produced in Iran in the last fiscal year (ended March 20, 2018), to register an 18% growth compared to the year before. According to the...
  • Silk Thread Import Tariff  Up 26 Percent
    The import tariff for silk thread has increased from 15% last year to 26% in the current fiscal year (started March 21), the head of Sericulture Expansion Center affiliated with the Ministry of...
  • Because Iran is mostly arid, the agricultural sector relies on underground water resources to continue production.
    Iran has been facing acute water scarcity since past many years.  The effects of warming climate and lower precipitation over the years have exacerbated the problem, but it cannot be fully blamed...
  • Qeshm Ports Throughput Grows 2.2%
    A total of 695,454 tons of oil and non-oil products were loaded and unloaded in the ports of Qeshm Island located near the Strait of Hormuz during the Iranian month of Farvardin (March 21-April 20...
  • Foreign exchange volatility has impacted the decision making of investors and traders.
    Fluctuation is not a correct term for what is happening in Iran's foreign exchange market, the deputy head of Iran Chamber of Commerce, Industries, Mines and Trade said. “Foreign currency rates...
  • Pinto Bean Imports Top $53m in 11 Months
    More than 41,500 tons of pinto beans worth close to 1.85 trillion rials (about $53.77 million) were imported into Iran during the 11 months to Feb. 19, figures released by the Islamic Republic of...
  • 3 Rail Projects to Roll in H1
    Three rail projects, namely Urmia, Rasht and the second track of Tabriz railroads, will come on stream in the first half of the current Iranian year that started on March 21, a deputy minister of...
  • SCI Puts Inflation  at 8.1%
    The goods and services Consumer Price Index in the 12-month period ending April 20, which marks the end of the Iranian month of Farvardin, increased by 8.1% compared with last year’s corresponding...
  • Government Expenditure Payments Made Public
    Treasury’s public expenditure payments have been made public on Mefa.ir.  Following President Hassan Rouhani's call for safeguarding citizens’ rights, the Ministry of Economic Affairs and Finance...
  • Border couriers are residents of mainly Kurdish-dominated provinces of West Azarbaijan, Kermanshah and Kurdestan who carry contraband on their backs through mountainous areas to earn their livelihood.
    Shopkeepers of border markets in the Kurdish-dominated provinces of western Iran have not opened their stores for nearly a week to protest against the closure of Iran-Iraq crossings to border...
  • Export Volume to Afghanistan Surpasses 21%
    Iran exported 5.91 million tons of commodities worth $2.79 billion to Afghanistan last year to register a 21.38% rise in tonnage and 13.57% increase in value year-on-year. According to the Islamic...
  • Lentil Imports Near $150m
    Around 126,750 tons of lentils worth more than 5.15 trillion rials ($149.2 million) were imported into Iran during the last fiscal year (March 2017-18), figures released by the Islamic Republic of...
  • Tabriz Int’l Airport Traffic Rises 6%
    Tabriz International Airport in East Azarbaijan Province registered 15,725 takeoffs and landings in the last fiscal year (ended March 20, 2018), indicating a 6% rise compared to the year before,...
  •  Possible rail and multimodal routes between Western Europe and Iran
    Despite Iran’s strategic ambitions, routing for freight trains along its emerging transport corridors...

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