The First International Aluminum Industry Expo, the First International Rail Industry Expo and 15th Arak Building Industry, Heating and Cooling Systems Expo are scheduled to be held on October 4-7…
Domestic Economy
A preferential trade agreement signed by the member states of the D-8 Organization for Economic Cooperation has officially taken effect as of July 1. The PTA was agreed upon in a D-8 Trade…
Most garments sold under Turkish and Chinese brands are leftovers from sales and shoddy products smuggled into Iran, an official with Iran Textile Exporters and Manufacturers Association said. “…
The 14th International Exhibition of Kitchen, Bath, Sauna and Pool Industries and Equipment is scheduled to be held on July 18-21 in Tehran. Representatives of more than 170 domestic companies and…
Esfordi Phosphate Industrial and Mineral Complex produced 14,859 tons of phosphate concentrate in the first two months of the current Iranian year (started March 20), indicating a 22% rise…
German automotive corporation Daimler AG says it is determined not to lose the Iranian market to China. The remark was made by the firm’s trucks division head, Wolfgang Bernhard, as reported by…
The economy requires a reversal in investment and productivity trends, says former presidential advisor, Saeed Laylaz.
Much of the growth in the past decade came from a boom in housing…
Iran is in talks with Iraq to reach an agreement whereby Iraqi cement producers can supply the construction material to the Syrian market while Iran meets local demand in Iraq, the head of Iran…
The recent exposures of “astronomical” salaries of CEOs and top government officials in Iran, up to 2.4 billion rials per month ($68,000 at the market exchange rate or $200,000 PPP) have put…
Iran’s sugar reserves are sufficient to meet domestic demand, the deputy head of Government Trading Corporation of Iran said. “The government has no problem in feeding factories and controlling…
Palm oil imports registered an average annual rate of 400,000 tons over the past two years, indicating a 57% decrease compared with the preceding two years, according to Iran’s Food and Drug…
With Britons having voted to exit the European Union, Britain could eventually expand its trade with Iran that is hungry for foreign investment, especially in its energy sector.
Roads and Urban Development Minister Abbas Akhoundi said Iran is under no obligation to buy Airbus A380 superjumbo jets.
The order for the double-decker jetliners grabbed attention in…
Exports exceeded imports in the first quarter of the current Iranian year (started March 20) by $1.47 billion.
The figure stood at $713 million during the same period of last year, the…
A senior Iranian official has invited Luxembourg’s businessmen to put their money into the exploration of Iran’s mineral wealth.
Iran exported 13,000 tons of chicken eggs during the first three months of the current Iranian year (March 20-June 20), which indicates a 46% drop compared to last year’s corresponding period, the…
More than 7,000 tons of olive oil are smuggled into Iran every year, according to the National Olive Council.
Iranian ports handled more than 36.6 million tons of freight during the first three months of the current Iranian year (March 20-June 20, 2016), which indicates a 15.1% increase compared with the…
Shanghai Cooperation Organization once again refused to initiate Iran’s accession in a summit held in the Uzbek capital Tashkent last week.
Iran applied for full membership in SCO in 2008,…
Iran finds neighboring Iraq its closest ally in the Arab world as well as a big market for its domestically produced goods, including fresh milk and antibiotics.
Once bitter enemies, non-…
Iran’s economic recovery will be slow, as multiple problems need resolution before stable growth, according to presidential advisor, Masoud Nili.
Restructuring the banking system should be…
Iran and Russia are scheduled to jointly hold a trade exhibition in Yerevan Expo Center in Armenia on October 26-28.
The Agricultural Jihad Ministry has bought 5.22 million tons of wheat worth 64,400 billion rials ($1.84 billion at market exchange rate) from local farmers so far in the current Iranian year (…
The UAE was the biggest destination for Iran’s saffron exports during the first two months of the current Iranian year (started March 20), accounting for 11 tons worth over $18.6 million out of…
The Producer Price Index in the 12-month period ending June 20, which marks the end of the Iranian month of Khordad (ended June 20), increased by 3.8% compared with last year’s corresponding…
