Domestic Economy

Oil and gas spurred Iran’s economic growth in the first half of the current fiscal year (March 21-Sept. 22). New data released by the Statistical Center of Iran show the economy grew 5.9% in H1…

Exports from South Khorasan Province stood at 606,392 tons worth $512.64 million in the current fiscal year’s first eight months (March 21-Nov. 21), registering a 35% decline in weight but a 32…

The number of Istanbul-Shiraz flights operated by Turkish Airways has increased from four to five since Dec. 13, according to Director General of Fars Province Airports Gholamreza Karim-Aqaie.…

Except from a few key aspects, the fiscal 2022-23 budget bill submitted by President Ebrahim Raisi to the Iranian Parliament on Sunday is not different from the budget proposed by…

The construction sector grew by 7% in the first half of the current fiscal year (March 21-Sept. 22) compared with last year’s corresponding period, latest data released by the Statistical Center…

A total of 166,000 tons of watermelons have been harvested from 4,655 hectares since the beginning of autumn to meet domestic demand in the runup to Yalda Night – the eve of the first day of the…

The share of iron products in Iran’s total non-oil exports increased noticeably, says the spokesman of the Islamic Republic of Iran Customs Administration.

Only 2% of the needed mining machinery were supplied in the fiscal 2020-21, of which 1% were imported and the other 1% were produced domestically, says Sajjad Ghoroqi, vice president of Tehran’s…

The government expects to earn 5,270 trillion rials ($17.5 billion) in tax revenues in the next fiscal year (March 2022-23). The target is part of the budget bill submitted by President Ebrahim…

Wheat imports stood at 3.6 million tons worth $1.2 billion since the beginning of the current fiscal year on March 21, up until Nov. 6, registering a 60% rise in volume and 92% growth in value…

Besides the increase in money supply, monetary base and inflation, sanctions have played a key role in the volatility of foreign exchange rates in Iran’s economy, Hadi Haqshenas, an economic…

The services sector grew by 4.8% in the first half of the current fiscal year (March 21-Sept. 22) compared with last year’s corresponding period, new data released by the Statistical center of…

President Ebrahim Raisi submitted the fiscal 2022-23 budget bill to the parliament on Sunday.

As the news of Russia returning Iran’s bell pepper export consignments spread recently, officials from the private and public sectors commented on the issue. While some are contradictory, most…

Poor export infrastructure and lack of equipment are to blame for low shipping traffic at Iran’s northern ports and freight forwarding companies.

Iran has 22,477 greenhouses in the current fiscal year (started March 21), 20,623 of which were active, based on new data released by the Statistical Center of Iran. The overall greenhouse area…

Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIM) has been granted an observer status by the United Nations Commission on International Trade Law (UNCITRAL).

The Purchasing Managers’ Index for Iranian industries in the current fiscal year’s eighth month (Oct. 23-Nov. 21) settled at 57.11 from 50.83 in the preceding month (Sept. 23-Oct. 22),…

The US sanctions on Iran have not affected India’s Chabahar Port project, India’s External Affairs Minister S. Jaishankar told the lower house of India's bicameral parliament on Dec. 10.…

The interim free trade agreement between the Eurasian Economic Union and Iran has been extended until 2025, the official representative of the Eurasian Economic Commission, Iya Malkina, told a…

Non-oil exports from Semnan Province stood at 172,647 tons worth $286.61 million in the current fiscal year’s first eight months (March 21-Nov. 21), registering a 4% and 51% year-on-year growth…

With growth in Iran’s cigarette production and a noticeable decline in smuggling into the country, exports jumped by 285.8% in the first six months of the current fiscal year (March 21-Sept. 22…

A total of 31.08 million tons of minerals and mining products worth $7.06 billion were exported from Iran in the current fiscal year’s first seven months (March 21-Oct. 22). According to the…

The average goods and services Consumer Price Index of “communications” in the 12-month period ending Nov. 21, which marks the end of the eighth Iranian month of fiscal 2021-22, increased by 12.…

A total of 20.32 million tons of essential goods worth $12.43 billion were imported into Iran during the first eight months of the current Iranian year (March 21-Nov. 21), registering a 30% and…