Trade between Iran and Azerbaijan hovers at around $500 million a year, a level that could increase if bilateral ties are expanded, said Ali Rabiee, the minister of cooperatives, labor and social…
Domestic Economy
Iran's budget bill for the next fiscal year has been prepared under the assumption that western sanctions against the country would continue, said Minister of Economy Ali Tayebnia on Tuesday.
The European Union has extended a freeze on certain sanctions against Iran after negotiations over the country's nuclear energy program were prolonged by seven months, a press release by the…
Iran is among the top three most prospective broadband Internet markets, based on fixed and mobile broadband growth since 2008 and size of the Internet user base, a new report said.
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International collaboration is the key to success for the auto industry. With this in mind, Iranian car makers encourage foreign partners to become actively engaged in Iran’s car industry, a…
The government is set to increase the costs of smuggling for smugglers in a series of efforts to combat the ever-growing rate of smuggling in the country, Habibollah Haghoghi, the head of the…
Considering the large number of civil engineers seeking employment, the government plans to look for major construction projects in other countries and ways to send Iranian engineers abroad, Akbar…
The inflation rate for the eighth month of the Iranian calendar, Aban, which ended on November 21, dropped 1.3 percentage point, to reach 17.8 percent from 19.1 percent in the previous month,…
The Islamic Development Bank (IDB) has allocated $248.5 million for the development of Iran’s rural wastewater networks, said Ali Asghar Ghane, the deputy manager of the National Water and…
Several lawmakers have recently called on the Rouhani administration to include the 3rd phase of the subsidy reform plan in next year’s budget bill. Analysts, however, believe that a number of…
A top transportation official said on Monday that the transit corridor connecting Iran to Turkmenistan and Kazakhstan will serve as “a strategic route” for Tehran to have access to China’s transit…
The share allocated to development projects in the next years' budget bill stands at 500 trillion rials ($18.6 billion based on official rate), which shows a 20-percent rise compared with that of…
In a joint meeting on Sunday evening, Mohammadreza Nematzadeh, the minister of industry, mine and trade, and Ali Rabiee, the minister of cooperatives, labor, and social welfare explored the…
Integrated coastal management (ICM) will significantly improve Iran’s access to global trade, Minister of Roads and Urban Development Abbas Akhoundi said on Monday.
An economist in Tehran believes the next year’s budget should be based on an oil price of $50 to $60. Mahmoud Jamsaz, in an interview with ISNA in the weekend, urged the government to identify new…
The deputy head of Iran’s Mines House said his organization has submitted a request to the Central Bank of Iran for the establishment of a mining bank with initial capital of 6 trillion rials ($…
One third of the government’s tax income in the first three months of the current Iranian year (March 21 – June 20) came from “legal persons” including state-run and private companies, according…
First Vice President Es’haq Jahangiri has asked for the cooperation of the banking sector in helping small and medium size enterprises reach their potential. “The smaller firms are facing…
Two copper development projects will come into operation this month one in Songon, East Azarbaijan Province and the other in Sarcheshmeh, Kerman Province, said Mehdi Karbasian, the head of the…
President Hassan Rouhani has announced a law that would seek “fair and balanced distribution of facilities in less-developed areas” across the country. The president ordered his office for…
Around 1,000 hectares of industrial land in Atrak Special Economic Zone, in the east of the northern province of Golestan - is to be sold to potential investors, the CEO of Golestan Industrial…
More than two million rural housing units have been renovated since the begining of the 4th Five-Year Development Plan in 2005, Azizollah Mahdian, the deputy of rural houses’ renovation affairs of…
President Hassan Rouhani recently announced that the government’s oil revenue have shrunk by 30 percent.
The aviation industry is expected to boom in five year’s time, predicted an official in Iran Aviation Technology Development and Science-Based Aviation Industries (IATDH) on Sunday
A veteran businessman on Sunday praised the Rouhani administration for efforts it has made in the past year to promote non-oil exports and support the private sector but criticized authorities for…
