Domestic Economy

Iran’s Traditional Bakers’ Union has called for a rise in bread prices, stressing that prices have remained unchanged for 30 months now. “Bakers across the country cannot cover their expenses,…

Some 23 trillion rials ($612 million) worth of investments have been made in Mazandaran Province’s industrial projects since President Hassan Rouhani took office in August 2013, the planning and…

Iran is in talks with France-based plane manufacturer Airbus and pursuing a joint venture with Italy’s ATR to domestically produce aircraft parts, says Iran’s Vice President for Science and…

Tehran Chamber of Commerce, Industries, Mines and Agriculture is scheduled to host a trade delegation from the German state of Bavaria in the Iranian capital on May 1, TCCIM’s news portal said.

As President Hassan Rouhani prepares for yet another presidential race and seeks reelection in May, critics and supporters are reviewing his economic record.

Iran has numerous historical monuments and buildings, the likes of which would be listed as architectural heritage in other countries.

Since the public budget is not sufficient to safeguard…

A 264-kilometer railroad from Tehran to Hamedan will be inaugurated in May, the minister of roads and urban development said. “Rail tracks for more than 240 kilometers [of the line from Tehran]…

A comparison of the incomes and expenses of Iranian households shows the former has been increasingly overtaking the latter since Hassan Rouhani took office in August 2013 as Iran's president,…

Despite a seemingly firm intention in the government of President Hassan Rouhani to join the World Trade Organization, Iran’s membership process has had little progress since he took office in…

A record high of more than $1.1 billion worth of goods were exported from Kerman Province in the last Iranian year (March 2016-17), Mehdi Hosseininejad, the head of Kerman Industries, Mining and…

Local cement prices have risen by about 5% compared to last September quotes, the head of Cement Employers Association announced.

“Each ton of ex-works type 2 bulk cement will be priced…

The 20th meeting of Iran-Pakistan Economic Commission is scheduled to convene in Tehran on April 16-17.

A Pakistani delegation headed by Minister of States and Frontier Regions Abdul Qadir…

European airplane manufacturer ATR has offered to finance eight planes from a total of 20 turboprop aircraft Iran Air has ordered from the top manufacturer of regional planes, the Iranian flag…

Iran Air could take delivery of at least one new Boeing 777 aircraft in the next few weeks–the first new aircraft it will have received from the US company in decades.

It is estimated that between 180,000 and 220,000 tons of colza will be produced in the current Iranian year (started March 21) from 130,000 hectares of land, an advisor to agriculture minister…

Some $12-13 billion worth of goods are estimated to have been smuggled into the country over the past Iranian year (March 2016-17) down from $15.5 billion compared to the previous year,…

Close to $350 million worth of Iranian hand-woven carpets were exported in the last fiscal year (March 2016-17), registering a 27% increase, the head of Iran’s National Carpet Center said. “Our…

The government’s monthly grant of cash subsidies to families and individuals with limited resources who receive aid from the State Welfare Organization and Imam Khomeini Relief Committee will rise…

President Hassan Rouhani paid a visit to the northern port and special economic zone of Amirabad on Tuesday to inaugurate a number of development projects and launch the construction of others…

Iran’s police force has launched a special protection unit for customs terminals across the country.

More than 3.25 million tons of products worth $1.28 billion were exported to the Iraqi Kurdestan from Iran’s border city of Qasr-e Shirin located in the western Kermanshah Province in the last…

The initial frenzy over Iran as a land of opportunity coming out of years of sanctions might have lost steam for foreigners seeking to tap into it, as the past two years since the nuclear deal…

Following rumors circulating on social media about Darugar Holding Company going off stream, the head of Tehran Industries, Mining and Trade Organization has dismissed the rumors as false.

Deputy Roads and Urban Development Minister Asgahr Fakhrieh-Kashan said Iran Air has signed a contract with ATR to purchase 20 short-haul passenger jets.

Trade between Iran and Thailand stood at $421 million in 2016, registering a 36% rise compared with the year before.