Afghan Commercial Counselor in Iran Abdulhamid Farhang has invited Iranian economic players to embark on joint investments in Afghanistan, saying the country is in dire need of infrastructure.…
Domestic Economy
Besides oil, sanctions imposed against Iran over the past decade to curb its nuclear program hurt the country's second largest export: the iconic Persian rug.
Experts believe that although Iranian steel plants have been long in the game, they have never grown large enough to realize the industry’s true potential, as there are too many steel factories…
A container ship affiliated with the Islamic Republic of Iran Shipping Lines berthed at South Korea’s biggest port city of Busan on Monday, marking the first time the freighter has made a call at…
Iran’s Minister of Roads and Urban Development Abbas Akhoundi met Oman’s Foreign Minister Yusuf bin Alawi bin Abdullah as well as Minister of Commerce and Industry Ali bin Masoud bin Ali al-…
Iran’s southern Chabahar Port has the potential to turn into a commercial hub for Afghan and Iranian traders, given its location on the coast of the Sea of Oman and its high capacity for loading…
Major changes are underway for the country’s aviation industry, following the initial lifting of sanctions on Iran on Jan. 16.
The first new Iranian aircraft orders for over three decades…
January 16, 2016, will forever be viewed as a watershed for Iran.
The goods and services Consumer Price Index for urban areas reached 11.8% in the 12-month period ending February 19, which marks the end of the Iranian month of Bahman, compared with last year’s…
To promote exports, the government will provide exporters with incentives worth an aggregate of 12,000 billion rials ($396.95 million at official exchange rate) in next year’s budget, Mehr News…
The government is going to continue its cash subsidy payment system to designated citizens, said Minister of Economic Affairs and Finance Ali Tayyebnia at a press conference on Saturday. However,…
Western sanctions against Iran had barely been lifted when Chinese President Xi Jinping touched down in Tehran on Jan. 22. He struck several deals and pledged to strengthen "strategic partnership…
Iran National Tax Administration’s taxation overhaul is continuing with more details of it getting spilt out by government authorities. The recent plan is to offer tax cuts for companies that hire…
South Korean Minister of Trade, Industry and Energy Joo Hyung-hwan is scheduled to visit Iran at the head of a commercial delegation to attend the 11th session of the two country’s joint economic…
Head of Tehran Chamber of Commerce, Industries, Mines and Agriculture Masoud Khansari, heading a delegation of 60 businessmen, visited Munich and Berlin to give German trade ties a boost and…
Iran has ambitious plans for its steel industry, as it aims to become the world’s sixth largest steel producer, based on the 20-Year Vision Plan (2005-25), which stipulates the production of 55…
A flurry of activity between the South Caucasus capitals greeted the January 16 lifting of sanctions against Iran, with Azerbaijan, Armenia and Georgia looking to boost their struggling economies…
Iran has invited India to invest $8 billion in its infrastructural projects, including railroads, ports, bridges and rail electrification, according to India-based magazine The Dollar Business.…
Director General of Imam Khomeini International Airport Hamid Reza Seyyedi said it will take the airport six months to prepare the infrastructure for Iran Air’s newly-purchased Airbus A380s.…
Agricultural imports have decreased by $5 billion in the current Iranian year (to end March 19, 2015) compared to two years ago when President Hassan Rouhani took office, said the deputy…
With the annual production of 6,000 tons of honey, Khoy in West Azarbaijan Province is the top producer of the commosity in Iran, says governor of the city, Hossein Sivani.
New Zealand has lifted its sanctions against Iran after the nuclear deal went into force on Jan. 16.
Iran Air says it’s open to buying aircraft from Boeing even after ordering 118 jetliners worth $27 billion from competing planemaker Airbus, as soon as international sanctions were removed last…
Iran imported close to 600,000 tons of rice during the 10 months to January 20, an official with Iran Rice Association said. The figure is expected to reach between 800,000 and 1 million tons by…
Iran’s second exclusive exhibition opened in Baghdad on Tuesday. Leading a delegation of Iranian traders, Iranian Minister of Industries, Mining and Trade Mohammad Reza Nematzadeh attended the…
