Domestic Economy

The goods and services Consumer Price Index for urban areas reached 6.8% in the 12-month period ending February 18, which marks the end of the Iranian month of Bahman, compared with last year’s…

Tehran is hosting a spring exhibition for the direct supply of domestically-produced goods.

More than 350 domestic producers are offering their products at 10% to 30% discount, Mehr News…

Kyrgyzstan’s Minister of Agriculture, Food Security and Land Reclamation Nurbek Murashev is scheduled to meet with his Iranian counterpart Mahmoud Hojjati in Tehran today to survey ways of…

Some 1,000 industrial units operating in industrial parks across the country exported $1.7 billion worth of goods over the 11 months to February 18, the head of Small Industries and Industrial…

Iran’s handicraft exports in the last fiscal year (March 2015-16) amounted to $174 million, registering a 13% increase compared with the previous year, said the director of Handicrafts Department’…

Iran’s pistachio accounts for $1.5 billion of a total of $2 billion worth of nuts exported from the country annually, said Asadollah Asgaroladi, a member of Iran Chamber of Commerce, Industries,…

With all the expectations that Russian businesses had about Iran after the lifting of American sanctions, the 60% growth in Russia-Iran trade from $1.2 billion in 2015 to almost $2 billion in 2016…

Iran’s budget deficit for the three quarters of the current fiscal year (March 20-December 20, 2016) amounted to 268.9 trillion rials ($7 billion), according to the latest data released by the…

Depressed domestic prices for longs and poor demand in the Iranian market are forcing local steel producers to adjust to severe conditions.

While some of them, who have already succeeded in…

Iran Mercantile Exchange is planning to start bitumen exports to India, chief executive of the commodity exchange, Hamed Soltani-Nejad, announced.  

Iran’s trade deficit in the agriculture sector during the 10 months to January 19, 2017, narrowed by $308 million over last year’s corresponding period to stand at $2.47 billion.

Iran has agreed to design and build industrial townships in a number of provinces in Iraq.

The deal will help unlock investment from within the war-torn country, Iran’s Minister of…

Iran accounts for 20% of Iraq’s $600 million import market for dairy products, according to managing director of Food, Agriculture and Pharmaceuticals Holding of the Civil Servants Pension…

An Azerbaijani business delegation, headed by Economy Minister Shahin Mustafayev, will visit Iran on February 22-24, Azerbaijan Export and Investment Promotion Foundation reported. The…

Minister of Roads and Urban Development Abbas Akhoundi’s impeachment vote is slated for Sunday, Iranian Parliament Speaker Ali Larijani said. 

This is the second time Akhoundi is…

A draft law that proposes the establishment of new border gates between Turkey and Iran was approved by the Turkish Grand National Assembly on Wednesday.

According to the draft law, two new…

Despite tight budget and little investment, President Hassan Rouhani’s administration has been able to increase the share of rail in cargo transportation in Iran, setting the stage for realizing…

Iranian cooperatives exported $2 billion worth of goods during the 10 months to January 19, 2017, according to deputy minister of cooperatives, labor and social welfare, Seyyed Hamid Kalantari. “…

A delegation from Iran’s Alborz Province met with Armenia’s deputy minister of economic development and investments, Emil Tarasyan, in Yerevan on Thursday to explore ways of improving bilateral…

About $91 million worth of medicinal herbs, including cumin, coriander and coriander seeds, henna and damask rose, were exported in the last Iranian year (March 2015-16).

At present 140,000…

Minister of Economic Affairs and Finance Ali Tayyebnia believes an 8% economic growth for the upcoming Iranian year (March 2017-18) is within reach, “if the political wrangling during presidential…

Tehran was the eighth most traffic-congested city among 30 cities in the world in 2015. 

According to secretary of Iran Urban Economics Scientific Association, Seyed Mohsen Tabatabaie…

Japan has extended $7 million as grant to the Islamic Republic of Iran Customs Administration to procure X-ray machines, says IRICA chief Masoud Karbasian.

Karbasian noted that up until now…

The government of President Hassan Rouhani has provided wide-ranging tax incentives to promote manufacturing, investment and non-oil exports, the head of the Iranian National Tax Administration…

Iran is expecting several newly-purchased planes to be delivered before a March 20 deadline, which marks the end of the current Iranian year.