Domestic Economy

  • 2,500 Cases of Tax Evasion Identified
    About 2,500 cases of tax evasion and 3,000 shell companies have been newly identified by the Ministry of Economic Affairs and Finance. Noting that the ministry will not go easy on tax evaders,...
  • Iran’s Saffron Exports Fetch Over $77m in 3 Months
    Close to 56.2 tons of saffron worth over $77.4 million were exported to 46 countries during the first three months of the current Iranian year (March 21-June 21), based on the latest figures...
  • Q1 Unemployment Rate Drops to 12.1 Percent
    Iran’s unemployment rate in the first quarter of the current Iranian year (March 21-June 21) stood at 12.1%, registering a 0.5% drop compared with the same period of last year, according to the...
  • Tehran to Host HIGEX 2018
    The Third International Exhibition of Horticulture, Raw Materials, Greenhouses, Herbal Medicines and Related Industries, Machinery and Equipment, also known as HIGEX 2018, will be held in Tehran...
  • Non-Oil Trade With Turkey Down 10%
    Iran traded 895,264 tons of non-oil commodities worth $973.48 million with Turkey during the first three months of the current Iranian year (March 21-June 21), registering a 5.14% growth in tonnage...
  • Production Units in Dire Straits
    Data from Iran’s Small Industries and Industrial Parks Organization show industrial estates across Iran have 33,012 production units, 7,875 of which (23.85%) have stopped operating and 11,807 units...
  • Kish Island to Host Iran AirShow
    The Ninth International Iran AirShow is scheduled to open on Nov. 26 at Kish International Exhibition Center, the official website of the expo (www.iranairshow.com) announced. The four-day event...
  • The average goods and services Consumer Price Index in the 12-month period ending July 22, which marks the end of the Iranian month of Tir, increased by 8.7% compared with last year’s corresponding...
  • Over 210K Tons of Tomatoes Exported in  3 Months
    Iran exported 217,909 tons of tomatoes worth $74.2 million during the first three months of the current Iranian year (March 21-June 21). Financial Tribune culled the above data from the Islamic...
  • Cabinet Approves Division of Cooperatives Ministry
    The Ministry of Cooperatives, Labor and Social Welfare will be split into two separate ministries of “Social Welfare” and “Labor and Cooperatives” following the Cabinet’s approval on Sunday.  The...
  • Q1 Exports From Qazvin at  $160 Million
    A total of $160 million worth of commodities were exported from Qazvin Province during the first three months of the current Iranian year (March 21-June 21) to register an 11% increase compared to...
  • Non-Oil Trade With India Down 15%
    Iran traded 2.66 million tons of non-oil commodities worth $1.15 billion with India during the first three months of the current Iranian year (March 21-June 21), registering a 17.87% and 15.32%...
  • Iran Jumps 20 Notches in  United Nations’ E-Gov’t Survey
    Iran improved its E-Government Development Index and ranked 86th in the world, according to the United Nations’ latest e-government survey.  In fact, Iran was one of the 17 countries among the 193...
  • Photo: Alireza Izadi
    Iran’s flag carrier airline, Iran Air, has no plan to renovate its fleet with Russian-made Sukhoi jets, even now that buying aircraft from western planemakers has faced serious challenges amid US...
  • Time to Resume Garlic Exports  to Iraq
    Iraq’s Agriculture Ministry had banned the import of Iranian garlic in 2015, which has now been lifted, said Iran’s commercial attaché to Iraq, Nasser Behzad, adding that it’s time to resume...
  • Cutlery Imports Exceed  2,200 Tons
    More than 2,248 tons of cutlery worth close to $8.7 million were imported into Iran during the last Iranian year (March 2017-18), figures released by the Islamic Republic of Iran Customs...
  • Non-Oil Trade With S. Korea Dips 9%
    Iran traded 1.7 million tons of non-oil commodities worth $1.45 billion with South Korea during the first three months of the current fiscal year (March 21-June 21), registering a 28.95% and 9.95%...
  • Only 2% of Iranian Production  Units Have R&D Departments
    From around 98,000 economic and industrial production units, only 2,000 or about 2% have a research and development department.  This is a huge gap that should be bridged if production units want...
  • Government Buying Wheat to Build Up Strategic Reserve
    More than 6 million tons of wheat worth 78 trillion rials ($1.8 billion) have been purchased from local farmers since the beginning of the current harvest season to shore up the country’s strategic...
  • Seafood Exports Earn $50m in 2 Months
    About 16,000 tons of seafood worth close to $50 million were exported from Iran during the first two months of the current Iranian year (March 21-May 21). Isa Golshahi, director general of Seafood...
  • Iranian Employment Agencies in Disarray
    Employment agencies are important pillars of economies worldwide, but they are in disarray in Iran not because they lack the required skills and expertise, but due to the mismanagement of...
  • Decorative Stone  Exports Top $340m
    More than $341 million worth of decorative stones were exported from Iran during the last fiscal year (March 2017-18), registering an increase of 24.45% compared to the year before. The above data...
  • Iran, Iraqi Kurdistan to Set Up  Industrial Town Along Border
    The construction of an industrial city will soon start near Parvizkhan Border Checkpoint...
  • Tehran Pays  58% of Gov’t  Tax Revenues
    Tehran accounted for 58% of government’s tax revenues (560 trillion rials or $12.87 billion) in the last fiscal year (March 2017-18), Mohammad Reza Nouri, the director of Tax Administration of...
  • No Reverting to Economic Policies of 1980s
    One of the wonders in this day and age, in Iran, is the formation of a taskforce to intensify the fight against hoarding to help maintain market balance by the Ministry of Industries, Mining and...

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