Domestic Economy

A total of 457,000 tons of goods worth $186 million were exported from Iran to Iraq from Parvizkhan Border Terminal during the first two months of the current Iranian year (March 21-May 21),…

A total of 4.1 million tourists visited Iran in 2022, indicating a 315% rise compared to the year before, according to the United Nations World Tourism Organization. The whopping rise in the…

Welcoming the inauguration of the Pakistan-Iran border market, Pakistan Business Forum (PBF) leader Ejaz Tanveer has suggested the relaunch of a cargo train linking Pakistan, Iran and Turkey to…

Iran and Indonesia are collaborating in the health sector, which has included the development of a Robotic Surgery Center since 2021, Indonesian Deputy Health Minister Dante Saksono Harbuwono…

The Supreme Housing Council recently set a virtual ceiling for the rise in housing rent, which follows the same formula as the resolutions of the heads of the three branches of powers in the…

Iran and Russia will prepare a general contract on the construction of Rasht-Astara railroad in Iran in the coming months, which is part of the International North-South Transportation Corridor…

The implementation of the free trade agreement between Iran and the Eurasian Economic Union is a priority, Armenian Prime Minister Nikol Pashinyan said at the meeting of the Supreme Eurasian…

The average annualized inflation in the second month of the current Iranian year (April 21-May 21) stood at 49.1%, up from 47.6% reported in the previous month and 45.8% in the month before, the…

Does inflation cause social damage? No doubt. Are the social ramifications of inflation related to the cause of inflation? Not much. Is inflation control the responsibility of governments? Sure…

The governments of Indonesia and Iran have established cooperation in halal product assurance by signing a memorandum of understanding. The MoU was signed on Tuesday by the Indonesian Deputy…

The Eurasian Economic Union may strike a deal on a free trade zone with Iran earlier than with other countries, Russian Deputy Prime Minister Aleksey Overchuk said. "We are closest with Iran,"…

Iran has regained its position among the world’s top 10 crude steel manufacturers. A total of 9.7 million tons of crude steel were produced in Iran during the first four months of 2023,…

The 15th International Exhibition of Textile Industry (SITEX 2023) is scheduled to be held from May 25-28 at Isfahan’s International Exhibition Center.

A total of 143,370 tons of poultry meat were produced in Iran’s official slaughterhouses during the first month of the current Iranian year (March 21-April 20), registering a 27% fall in output…

Iran's economy has been a frontrunner in registering chronic double-digit inflation in the world over the past four decades, which indicates that it is a structural problem in the country.…

The leaders of Indonesia and Iran on Tuesday have signed a preferential trade agreement to expand economic relations during an official visit by Iranian President Ebrahim Raisi.

Tehran’s Mehrabad International Airport registered the highest domestic passenger traffic during the last fiscal year (March 2022-23), data released by Iran Airports Company show. The airport…

Billet and bloom accounted for the lion’s share of semi-finished steel products exported from Iran in the last fiscal year (March 2022-23) with an aggregate of 5.32 million tons, up 4% compared…

The National Business Environment Index, measured by the Iran Chamber of Commerce, Industries, Mines and Agriculture, stood at 6.11 in the fourth quarter of last Iranian year (Dec. 22, 2022-…

After Iran and Pakistan inaugurated the first border market and electricity transmission lines, the Pakistan Industrial and Traders Associations Front (PIAF) said the Mand-Pishin border…

Five-year development plans (FYDPs) have been devised and approved for the past several decades. 

The government has unveiled the Seventh Five-Year Development Plan, a roadmap enumerating economic goals and targets for the next five years (March 2023-28). 

Trade between Iran and Russia fluctuated wildly in the three decades after the Soviet Union collapsed in 1991.  It plummeted by 65% between 2010 and 2015 during the UN sanctions on Iran,…

The new direct flights between Tehran and Dushanbe are scheduled to be operated as of June 8 by Varesh Air, according to Mohammad Taqi Saberi, Iran’s ambassador to Tajikistan.  The flight…

The 13th Iran Stone Exhibition (IRSE2023) is scheduled to be held from May 29 to June 2 at Shahr-e-Aftab Complex (aka Sun City) in southern Tehran, Bahram Shakouri, chairman of the Iran Stone…