The Iranian National Tax Administration has slashed inheritance tax rates in the new Direct Taxation Law, streamlining inheritance tax payment procedures.
The cuts are so steep that they…
Domestic Economy
About 118,000 tons of pistachio worth more than $1.2 billion were exported to over 70 countries, indicating a 34% and 24% decline in volume and value respectively compared with the previous year’s…
Some 1.5 tons of farmed caviar are estimated to be produced in the current Iranian year (started March 20), which would indicate a 50% rise year-on-year, said the director of Iran›s Union of…
Almost six years ago, the European Union sharply curtailed access to its airspace for Iran’s air fleet.
However, officials in Brussels say they are now prepared to loosen some of those…
Turkey's logistics company Arkas Holding has signed a memorandum of understanding with the Islamic Republic of Iran Shipping Lines to establish a Turkey-based joint venture to offer maritime…
President Hassan Rouhani has called for concerted efforts to reduce the country’s unemployment rate to a single digit by the end of his tenure (mid-2017), says Deputy Labor Minister Isa Mansouri.…
A high-level European delegation, led by High Representative of EU for Foreign Affairs and Security Policy Federica Mogherini, is visiting Iran on April 16 to explore sectors of cooperation…
The visit of a Dutch delegation to Tehran perhaps received less media coverage because of the high-profile two-day stay of the Italian mission led by Premier Matteo Renzi. Iran’s Deputy…
Italy will follow up on billions of euros of trade deals signed with Iran this year by sending a special mission to discuss how to fund and process them, Prime Minister Matteo Renzi said on…
Iran exported 564,000 tons of watermelons valued at $126.6 million in the last Iranian year (ended March 19, 2016).
UAE Business Solutions, a Dubai-based consultancy firm, has signed a memorandum of understanding with MAH Pishro Serv, a Tehran-based company, to establish a strategic partnership in Iran.
Iran and Italy signed 12 memoranda of understanding in the sectors of energy, steel, telecommunications, aviation and medicine during a trade forum held in Tehran on Wednesday.
To give a boost to the domestic rug market, loans of up to 100 million rials (close to $3,000 at market exchange rate) will be given to buyers of hand-woven rugs. The decision is based on an…
Iran Small Industries and Industrial Parks Organization is planning to revive 9,000 industrial units in the new Iranian year (started March 20), says head of the organization.
Trade between Iran and Malaysia during the first two months of 2016 stood at about $101 million, which indicates a 27.8% increase compared with last year’s corresponding figure, the Malaysian…
Close to $20 billion worth of industrial goods were exported in the last Iranian year (ended March 19), which indicates a 3.4% rise compared to the previous year, according to the deputy head of…
Tehran-Islamabad transactions are estimated to reach $5 billion within the next three years, Iran’s interior minister said.
Abdolreza Rahmani Fazli also told IRNA that the two sides must…
The Russian Agency for Export Credit and Investment Insurance, Exiar, and the Islamic Republic of Iran Railways have signed a memorandum of understanding to reinforce cooperation and support trade…
The Islamic Republic of Iran Customs Administration is enacting new regulations to ease import and export of goods by Iranian manufacturers.
The new regulatory package comes after IRICA…
Warning the parliament against a new bill to increase tariffs and duties on cigarettes, chairman of the Association of Producers, Importers and Exporters of Tobacco Products, Mohammad Reza Tajdar…
Improving the business environment, paving the way for domestic and foreign investors and bolstering non-oil exports are the main demands of the private sector from the government in the current…
Iran’s greenhouse area will increase fivefold by the end of the Vision Plan in 2025, says an official with the Ministry of Agriculture. “Figures on Iran’s greenhouses in the last Iranian…
Customs clearance formalities now take three days, down from the previous 26 days, which has reduced costs by 280,000 billion rials (around $8 billion at market exchange rate), IRNA quoted Masoud…
American planemaker Boeing discussed jetliner sales and maintenance services with seven Iranian airlines during a two-day visit to Tehran, according to the secretary of the Association of Iranian…
Iran has been a major importer of Indian rice during the past few years and imports have continued, even though the product revealed relatively high levels of arsenic contamination.
