Domestic Economy

The bulk sale of Iranian quality products is not exclusive to saffron and pistachio, as Iranian gemstones are also being transferred in bulk to other countries. 

A total of 2.24 quadrillion rials ($8.33 billion) worth of investments are estimated to have been made in industrial units for which establishment permits were issued, while projects with…

Iran traded 1 million tons of goods worth more than $200 million with African states during the first seven months of the current Iranian year (March 20-Oct. 21). According to the spokesperson…

Two glassware manufacturers, affiliated to the Mostazafan Foundation of Islamic Revolution, supply 20% of Iran’s demand for glass bottles used for carbonated drinks, milk, yogurt drink, etc.…

A total of 3.6 million tons of non-oil goods worth $800 million were exported during the seven months to Oct. 21 from Shalamcheh border checkpoint and the ports of Khorramshahr and Abadan in…

The transport agreement with Switzerland, signed during a visit to Bern in 2018 by Iranian President Hassan Rouhani, envisages the complete liberalization of goods transport and the removal of…

A total of 7.58 billion cigarettes were smuggled into Iran during the seven months to Oct. 21, indicating an 8.9% increase compared with the corresponding period of last year.  

Bank Maskan, the state agent bank of the housing sector, paid 201,360 billion rials ($767 million) in loans during the first seven months of the current fiscal year (March 20-Oct. 21). 

The Ministry of Industries, Mining and Trade's report for the first half of current Iranian year (March 20-Sept. 21) showed 17 industrial products (out of 28 under review) registered growth…

A total of 4.53 million tons of finished and semi-finished steel products were exported from Iran during the first seven months of the current fiscal year (March 20-Oct. 21) to register a 23.5%…

A total of 419,556 tons of commodities worth $2 billion were exported from Bazargan border crossing in West Azarbaijan Province (northwestern Iran bordering Turkey) during the first seven months…

The budget bill of fiscal 2021-22 has projected an export of 650,000 barrels per day of crude oil, the deputy head of Plan and Budget Organization said on Monday.  “The projection for…

Iran' cement production in the first six months of the current fiscal year (started March 20) reached 35.63 million tons, which shows an increase of 14.4% compared with the same period of last…

Over 38,184 kilograms of influenza vaccines worth $28 million were cleared from the Islamic Republic of Iran Customs Administration from the beginning of the current Iranian year(March 20) to…

Road fatalities and injuries in Iran are estimated to cause economic losses constituting 4% of the country’s gross domestic product, the managing director of Road Safety Supporters Society,…

A total of 4.5 million tons of agricultural products worth $3.1 billion were exported from Iran during the first seven months of the current fiscal year.

Qeshm Free Zone Organization plans to launch direct return flights Qeshm Island, located in southern Iran, to Istanbul, Turkey, and Kabul and Herat in Afghanistan. According to Morteza…

The National Coronavirus Headquarters has announced a ban on holding seasonal promotion events, including offers and discounts, which are likely to involve crowds and increase the risk of…

European investors with ambitions to tap into Iranian markets, when US sanctions are lifted under the upcoming Joe Biden administration are being invited to attend a Dec. 14-16 conference funded…

The Economy Ministry said Sunday that equity market investors can henceforth buy Islamic bonds issued by the government throughout the trading week.  In the past investors could buy bonds…

The Guardians Council–a watchdog that ensures laws are in line with the Constitution and Sharia–rejected on Saturday the Iranian Parliament’s so-called “supply of essential goods to households”…

Fars Province attracted over $466 million worth of foreign investment during the first half of the current Iranian year (started March 20), making it the highest earner among all Iranian…

The World Bank has incorporated Iran into the group of upper middle-income economies in 2019.  According to a report by Tehran Chamber of Commerce, Industries, Mines and Agriculture citing…

Khouzestan Steel Company exported 877,613 tons of slab, bloom and billet during the first seven months of the current fiscal year (March. 20-Oct. 21) to top the list of Iranian steel exporters…

Major Iranian lead and zinc producers extracted a total of 584,248 tons of ores during the first seven months of the current Iranian year (March 20-Oct. 21).