Domestic Economy

Armenian Prime Minister Nikol Pashinyan signed a decree on May 8 on setting up an inter-agency taskforce for launching a new international cargo transportation route and becoming an…

After weeks of delay, the Statistical Center of Iran has finally published data on inflation in the last fiscal year (March 2022-23). The new report, published simultaneously with inflation…

The Iran-UAE Business Council held its inaugural meeting in the Iranian capital Tehran on the sidelines of the Iran Expo, which runs from May 7 to 10, the UAE’s Ministry of Foreign Affairs and…

The volume of trade exchanges between Iran and Qatar registered a 45% rise in 2022 compared to the year before to reach $208 million, according to chairman of Iran-Qatar Chamber of Commerce.…

The 13th Iranian Steel & Iron Ore Market Conference & Expo, also known as “ISMC 2023”, opened in Tehran on Monday. The event is annually hosted by the Donya-e-Eqtesad Media Group (the…

The Iraqi Republic Railways Company and its Iranian counterpart signed a memorandum of understanding (MoU) on Sunday, outlining executive procedures for establishing a rail connection between…

The government of Iran has donated a consignment of essential medicines, including cancer medicines, worth over $1.8 million to Sri Lanka. Iran’s Ambassador to Sri Lanka Hashem Ashjazadeh…

The Purchasing Managers' Index for Iran’s economy experienced a significant drop in the first month of the current fiscal year (March 21-April 20), new data released by the Statistics and…

The phenomenon of dollarization has yet to emerge in Iran’s economy, i.e., the rial is still being used in transactions, though the daily increase in prices affected by the value of US dollar…

The government has reported a considerable increase in its purchases of domestically-grown wheat in the 37 days ending May 3. CEO of Government Trading Corporation (GTC) of Iran Saeed Raad said…

Iran and African countries traded 2.54 million tons of goods worth $1.27 billion in the fiscal 2022-23 (ended March 20), registering a 1.61% decline in terms of weight, but a 2.24% rise in value…

The Fifth Iran Export Potential Exhibition, also known as Iran Expo 2023, opened in Tehran on Sunday. President Ebrahim Raisi, deputy foreign minister for economic diplomacy, Mehdi Safari, the…

The Education and Research Institute, affiliated with the Iran Chamber of Commerce, Industries, Mines and Agriculture, is scheduled to host a seminar titled “The Outlook of Developing Economic…

A total of 56,298 tons of pistachio worth $405.04 million were exported from Iran in the financial year 2022-23 (ended March 20), registering a 58.4% and 55.7% fall in terms of weight and value…

A total of 86,000 tons of goods were exported from Mazandaran Province during the first month of the current Iranian year (March 21-April 20), registering a 45% rise compared with the…

Holding officials accountable, focusing on succession planning, forming a team of professional consultants and providing solutions based on expert studies are among the priorities of the new…

Rebar accounted for the biggest share of finished steel exports from Iran in the fiscal 2022-23 (ended March 20) with 2.42 million tons of shipments.  The total volume of Iran’s rebar…

Iran’s trade with BRICS member states, namely Brazil, Russia, India, China and South Africa, reached 47.99 million tons worth $38.43 billion in the fiscal 2022-23, registering a 0.81% and 14%…

Iran Chamber of Commerce, Industries, Mines and Agriculture is hosting the Iran-Kyrgyzstan Business Conference on May 7 in cooperation with their joint chamber of commerce. Temir Sariev, the…

A total of 572,000 tons of fresh and dried banana worth $374.48 million were imported to Iran in the fiscal 2022-23 (ended March 20), registering a 5% and 7% fall in terms of weight and value…

Russia and Iran in May could sign an agreement on completing the construction of the Rasht-Astara rail section in Iran, Russian Deputy Prime Minister Alexander Novak told reporters on the…

Non-oil exports from Tehran Province stood at $1.44 billion in the fiscal 2022-23 (ended March 20), registering a 19% rise compared with the year before, according to Mahmoud Sijani, the head of…

The “Iran-Oman Business Opportunities Conference” will be hosted by the Iran Chamber of Commerce, Industries, Mines and Agriculture on May 8. The event will open at 9 a.m. at the main premises…

The Eurasian Economic Union and Iran have discussed trade expansion and the development of a common customs transit system, the press service for the Eurasian Economic Commission said. Eurasian…

Apparent steel use in Iran increased by 14% in the fiscal 2022-23 (ended March 20) compared with the year before, latest data released by the Iranian Steel Producers Association show.