Domestic Economy

Officials in Anzali Free Trade Zone have welcomed the idea of setting up the so-called “House of Switzerland” in the region, deputy head of Iran-Switzerland chamber of commerce, Reza Rafiei,…

The private sector invested an estimated 12 trillion rials (close to $428 million based on official exchange rate) for the development of the southern port of Shahid Rajaei Port during the past…

Close to $2.4 billion worth of various commodities were exported to Afghanistan during the past Iranian year (ended March 20), managing director of Export Guarantee Fund of Iran (EGFI), Taher Shah…

The 6th international conference on Heating, Ventilating and Air Conditioning ended in Tehran on Wednesday, IRNA reported. More than 500 participants, including experts, researchers, engineers and…

While Germany traditionally used to be Iran’s major trade partner, it is now overtaken by rivals from other countries, IRNA quoted German Ambassador in Tehran, Michael Freiherr von Ungern-…

The construction sector is the most economical employment generator in Iran, accounting for 12% of the existing jobs, head of Iran Chamber of Cooperatives (ICC), Bahman Jalali said at the opening…

Following the government's decision to scrap subsidized gasoline quotas, economists discuss the impact of higher gasoline prices on inflation. The Financial Tribune investigation shows that the…

Rail freight transport between Iran and Turkey increased by 63% during the past Iranian calendar year (ended March 20) compared with a year earlier, head of Azerbaijan Railway Headquarter,…

The northwestern city of Ardabil will turn into a free trade zone by February 2016, as the statute of Ardabil FTZ is soon going to be approved by the government, ISNA quoted the deputy director of…

As India and China compete with each other for the title of the world’s fastest growing economy, opinions appear to be divided in Iran as to which one would be a better economic partner.

Iranian expatriates have invested more than $500 billion outside Iran, according to head of exports committee at Iran’s chamber of commerce, mines, industry and agriculture, Assadollah Asgaroladi…

In probably one of the most curious transit disputes in the Middle East over the past year, Tehran and Ankara have so far failed to solve the issue of long line of trucks – reaching 15 kilometers…

More than $480 million worth of aquatic products were exported during the past Iranian year (ended March 20), IRNA quoted managing director of union of fisheries cooperatives, Arsalan Ghasemi, as…

Russia’s Federal Service for Veterinary and Phytosanitary Surveillance (FSVPS) has given the greenlight to import of Iranian dairy products and poultry, according to Iran Veterinary Organization…

Iran will produce $47 billion worth of agricultural products by the end of the year, experiencing an average annual growth of 2.9% in the next five years, Business Monitor International forecasted…

More than 4,500 tons of fish feed  have been produced and exported since the beginning of this year (March 21) by the country’s largest aquafeed factory located in Shahr-e Kord city of…

The goods and services consumer price index for urban areas (CPI-U) increased 14.3 percent in the twelve-month period ending on May 21, which marks the end of the second month of the Iranian…

The ministry of industry, mine and trade in its latest performance report has set out plans and objectives for the industrial sector in the current and the next two Iranian years – a period from…

The southeastern province of Sistan and Baluchestan appears to have seriously caught the eye of foreign investors. After India signed a memorandum of understanding (MoU) earlier this month to…

South Ossetia’s deputy president Alan Tekhov, who is heading a business delegation to Iran’s Golestan Province, said on Sunday that his government is seeking to expand trade ties with Iran via the…

A business delegation from Slovakia is in Tehran to hold talks with Iranian business community and scope out possible trade opportunities in Iran, Mehr News Agency reported on Sunday. The…

An exhibition of Iranian products is scheduled to be held in Lagos, Nigeria, early June, Tasnim News Agency reported. The products fall in four main categories of building and construction…

The market is awash with adulterated honey, some even produced without any bees involved, said the CEO of the National Union of Beekeepers in an interview with ISNA, blaming the relaxation of…

Iranian fruit exporters have the option to sue Emirati officials over recent rejection of their watermelon shipments amid false contamination claims, head of Iran’s Plant Protection Organization,…

Iran has exported around $4.2 billion worth of Halal food products over the past few years despite the economic sanctions [imposed by the West over Iran’s nuclear energy program], said the Iranian…