Over 80% of Iran’s mines have either gone out of business or are operating below capacity, while those still in the business are state-owned and barely making a profit, the head of the Mining and…
Domestic Economy
Iran’s annual demand for steel pipes and profiles is close to 1.8 million tons, according to Bahram Sobhani, the managing director of Mobarakeh Steel Company.
According to Tehran Industries, Mining and Trade Organization, cigarettes and tobacco top the list of confiscated smuggled goods during the first two months of the current Iranian year (March 20-…
Iran accounted for 64% of Turkey›s date imports last year, as more than 16,540 tons of the fruit worth over $4.9 million were shipped to the neighboring country.
Meanwhile, Tunisia exported…
More than 190,000 tons of watermelon worth $32 million were exported in the first two months of the current Iranian year (March 20-May 20, 2016).
The main export destinations for Iranian…
Iran is gearing up for a comeback in global shipping by systematically replacing its aging fleet.
With the advent of industrialization, food production became mechanized and this essential sector turned into a highly lucrative business.
An under-construction concrete runway in Mehrabad International Airport in western Tehran will become operational by September, a deputy transport minister said.
Iran and South Korea will replace their mutual customs documentations with electronic ones, the Islamic Republic of Iran Customs Administration reported.
Iran and China are planning to set up a joint industrial town, in which auto parts will be manufactured, the deputy head of Iran Small Industries and Industrial Parks announced.
Reza…
Pakistan’s mango exports to Iran seem to be facing a threat of ban due to the negligence of Pakistani authorities in observing sanitary standards. Three Pakistani consignments were intercepted…
Iran exported $20.4 million worth of commodities to the United States during the first four months of 2016. The Islamic Republic had no exports to the US during last year’s corresponding period,…
Iran’s Taban Air launched its first flight between Tehran and Russia’s Astrakhan on Tuesday, according to the deputy head of Trade Promotion Organization of Iran. “The flight will operate two days…
A senior Brazilian official will lead a trade delegation to Iran during June 10-13.
Iran Air is discussing a historic aircraft purchase deal with Boeing, potentially matching an order for over 100 jets from Airbus, but obstacles to both deals need to be resolved so that last year…
Economic reform is a choice between short-term relief and long-term reward, and “creative destruction” is what the doctor has prescribed for Iran’s economy.
That is the central idea of…
Board members of Tehran Chamber of Commerce Industries Mines and Agriculture commended efforts by the Donya-e-Eqtesad Media Group – the parent company of Financial Tribune – in disseminating…
Minister of Roads and Urban Development Abbas Akhoundi arrived in Turkmenistan's capital city of Ashgabat on Monday at the head of a politico-economic delegation to meet officials of the…
About 3.65 million people are working in Tehran while 13 provinces have a total of 3.37 million employees. The provinces include Yazd, Semnan, Zanjan, Chaharmahal-Bakhtiari, Bushehr, Ilam,…
Some 30,000 tons of colza oilseeds have been purchased from farmers across the country since the beginning of the current Iranian year (started March 20) as part of the government’s guaranteed…
Japan and Iran are reviewing the current state of bilateral trade and investment, among other topics, during talks in Tehran during June 6-7.
Domestic critics of the government are questioning the results of the nuclear deal with the West and fretting over weak recovery.
However, economist Sadeq Zibakalam says expectations are…
Expansion of rail transport has been a top priority of President Hassan Rouhani’s administration, following the success of his nuclear policy. Rails are safe, reduce transit costs and fuel…
Some $350 million worth of seafood were exported in the last Iranian year (March 2015-16), registering a 15% rise compared to a year before, the head of Iran’s Fisheries Organization said. “Of the…
Iran could achieve self-sufficiency in wheat production in the next 2-3 years, said Esmaeil Esfandiaripour, an advisor to the Agricultural Jihad Minister. Currently 85% of domestic demand for…
