Iran attracted an estimated $1.425 billion in foreign direct investment in 2021, according to the United Nations Conference on Trade and Development’s latest World Investment Report. The FDI…
Domestic Economy
Trade between Iran and African countries stood at 182,276 tons worth $119.94 million in the first month of the current fiscal year (March 21-April 20). Mozambique with 63,451 tons worth $49.33…
Shortweighting has been on the rise ever since the government overhauled its subsidy program, says the head of Iran’s National Standards Organization. “Our random inspection of 365 products…
A business delegation from Kazakhstan is scheduled to visit Iran Chamber of Commerce, Industries, Mines and Agriculture on June 19. The visit will coincide with the visit of Kazakhstan’s…
The Consumer Price Index of “housing and utilities (water, electricity, natural gas and other fuels)” has registered an average annual increase of 26.9% in the month ending May 21, latest data…
The Food and Agriculture Organization of the United Nations has forecast Iran’s wheat production to increase to 13 million tons in 2022 from an estimated 9 million tons in 2021, which will mark…
Only around 150,000 tons of the annual domestic demand for refined edible oil are produced locally, while more than 1.5 million tons are supplied via imports, according to the Government Trade…
Iran’s trade with the US reached $18.2 million in the first four months of 2022 to register a 46.77% growth compared with the year before. Latest data released by the US Census Bureau show that…
Latest data released by Iran Chamber of Cooperatives on Purchasing Managers’ Index for the construction sector shows the index has emerged from the slump following the New Year holidays (March…
On June 4 and 5, a robbery took place from a Bank Melli Iran branch of Tehran from safe deposit boxes. As many as 162 out of 250 rented safe boxes were robbed; burglars fled to one of the…
The Islamic Republic of Iran Shipping Lines has started piloting the multimodal cargo transit along the International North-South Transportation Corridor carrying goods from Russia to India,…
A total of 592,821 business permits were issued by the Ministry of Industries, Mining and Trade in the last Iranian year (ended March 20, 2022), registering a 10.9% decline compared with the…
“Communications” registered an average annual inflation of 4.8% in the month ending May 21, making it the lowest among 12 groups of goods and services surveyed by the Statistical Center of Iran…
Iran traded 5,585 tons of non-oil goods worth $12.75 million with Latin American countries in the first month of the current fiscal year (March 21-April 20), the latest data released by the…
The average Consumer Price Index of “furniture, home appliances and their maintenance” in the 12-month period ending May 21, which marks the last day of the second Iranian month, increased by 40…
Major aluminum producers in Iran have registered a 4% rise in output. According to the latest data released by the Iranian Mines and Mining Industries Development and Renovation Organization,…
The removal of subsidies and the distribution of part of its freed-up resources among a small group of people is a hackneyed story that is retold under a new name each time.
The lump-sum tax rate of 1.1 million small- and medium-sized enterprises has been set at zero, the head of the Iranian National Tax Administration, Davoud Manzour, tweeted on Friday.
The Ministry of Industries, Mining and Trade's review of last fiscal year (ended March 20, 2022) shows the output of six mineral products (out of 12 under review) registered growth compared with…
Latest data released by the Statistics and Economic Analysis Center of Iran Chamber of Commerce, Industries, Mines and Agriculture show the Purchasing Managers’ Index for Iran’s industries has…
Hotels and restaurants have logged the highest inflation in a new report released by the Statistical Center of Iran.
Electricity supply restrictions imposed on steel plants should be lifted, Rasoul Khalifeh-Soltani, the head of Iran Steel Producers Association, said.
Iran’s trade with its leading commercial partner, China, reached $5.03 billion in the first four months of 2022, registering a 16% growth compared with the year before. Latest data released by…
The employment rate was 37.2% (23.45 million) in the fiscal 2021-22, down 0.1% compared with the previous Iranian year. According to the Statistical Center of Iran, employment rates for men and…
A marine tourist line between Bushehr, a medium-sized port, and Hamad Port in Qatar is expected to be inaugurated during the World Cup, helping about 3,000 Iranian fans visiting Doha to cheer up…
