The government has allocated 64,000 billion rials ($2.11 billion at official exchange rate) for the expansion and renovation of the country’s roads in the current Iranian year (started March 20),…
Domestic Economy
Currently, roads account for up to 90% of transit in Iran, which is way above global average. The lower cost and fuel efficiency of rail transport have galvanized Iranian officials into…
I recently went vacuum cleaner shopping in a provincial town in Lorestan, western Iran. There was a great selection available in the shops: some imported, a variety of Iranian-made foreign-branded…
The changes to sanctions on Iran and what they mean for the business community were analyzed during a dinner organized in Nicosia by the Cyprus Chamber of Commerce and Industry and the American…
India's cabinet on Wednesday raised a credit line to Iran to $450 million as New Delhi aims to boost trade ties with Tehran after the lifting of international sanctions.
The credit line, to…
With the Islamic Republic of Iran coming out of longstanding sanctions following the July 2015 nuclear deal and its implementation in mid-January, there is a sort of gold rush to exploit a range…
A Malaysian business delegation, mostly made up of the country’s oil and gas sector players, is scheduled to visit Iran in May. The visit is aimed at expanding bilateral trade ties, said Dzulkifli…
The declining trend of Iran's inflation rate is continuing, as the central bank's contractionary monetary policies along with lower spending by the government take effect.
The consumer…
The unemployment rate in the last Iranian year (ended March 19, 2016) stood at 11%, the Statistical Center of Iran announced.
The figure registers a 0.4% rise compared with the preceding…
Banana prices went up in the domestic market after it was announced that the import tariff has been increased from 4% to 26%, as per the new import and export regulations ratified by the…
Azerbaijan’s Agriculture Minister Heydar Asadov has officially invited his Iranian counterpart Mahmoud Hojjati to visit the neighboring country in the near future. “During the recent visit of…
Loans will be granted to Iran’s clothing and apparel manufacturers from the National Development Fund, Iran’s sovereign wealth fund, Labor Minister Ali Rabiei announced. The loans will carry a 16…
Bananas can be imported at a low tariff rate of 5% when apples are exported in return, an official with the Ministry of Agricultural Jihad said.
The egg production sector needs proper management to curb price fluctuations that severely damage the industry, secretary of the Egg Producers Union said.
Bypassed for decades by the luxury industry, Iran and its explosive market growth potential have recaptured the attention of global luxury heavyweights in the last 12 months.
Labor force participation rate rose to 38.2% in the last Iranian year (ended March 19) from 37.2% the year before, said government spokesman.
Iran’s Agricultural Minister Mahmoud Hojjati will meet his German counterpart Christian Schmidt in Tehran on April 10, the government’s news portal reported. Improving the two countries’ relations…
Two trade delegations, one from the Czech Republic and another from Russia, are due to visit Iran on 17th and 19th April respectively and visit Tehran’s Chamber of Commerce, Industries, Mines and…
The import tariffs for items included in Iran-Turkey Preferential Trade Agreement will be revised during the meetings of the two countries’ joint commission, which is scheduled for mid-April, Mehr…
Non-oil exports outweighed imports in the last Iranian year (March 2015-16), marking the country’s first-ever positive trade balance since the 1979 Islamic Revolution, said President Hassan…
Several Singaporean companies are moving quickly to gain a foothold in Iran after international sanctions on the Islamic Republic were lifted in January.
According to an article in…
Restaurants are prohibited from asking for service charges, says Ali Asghar Mir-Ebrahimi, an official with Iran Chamber of Guilds. According to the official, with the exception of special…
Iran’s egg exports have halved over the past one and a half months, the head of the board of directors at Tehran’s Union of Producers of Egg-Laying Chicken. “The decrease in exports come as Turkey…
Iran will be the focal point of today’s German Near and Middle East Economic Conference 2016 in Berlin. The conference will provide participants with the opportunity to meet with the…
Tehran will play host to the 10th plastic industry exhibition dubbed “Iran Plast” from April 13-17. More than 500 international companies dealing with raw materials, plastic manufacturing…
