First Vice President Es’haq Jahangiri has backed the government’s overall performance in dealing with economic woes in the past year, saying that economic prosperity will be achieved even if oil…
Domestic Economy
Finnish Outotec Company’s announcement that it is willing to provide technologies and services to Iran’s mining and mineral processing industries was a much talked about event in Iran’s mining…
The governor of the Central Bank of Iran, Valiollah Seif, made a public announcement on Saturday about the so-called “unauthorized financial institutions,” which are believed to have run a…
Tehran Municipality has announced a plan to sell hundreds of housing units already built in the Tehransar neighborhood by the end of this year, ending March 2015, according to Mehr news agency.
Some 15 trillion rials ($557 million at official exchange rate) is annually earmarked to improve the domestic railway network, Mohammadreza Nosrat, deputy manager of the Islamic Republic of Iran…
Iran and Venezuela plan to expand economic relations, according to Mohammadreza Nematzadeh, minister of Industry, mine, and trade. The minister said in a meeting with the visiting Venezuelan…
Some 10 trillion rails ($371 million at official exchange rate) has been allocated to expand aquaculture, Hossein Abdolhay, the deputy manager for aquaculture in the Fisheries Organization, said…
As a usual practice, in the recent 2015-16 budget bill presented to the parliament for review and approval, the administration has dedicated a section (Note 5) to National Development Fund of Iran…
The Central Bank of Iran (CBI) will allocate 10 trillion rials ($372 million at the offical exchange rate) by the yearend for plans to get new employment policies implemented, Hassan Taie, the…
Head of the Trade Promotion Organization Valiollah Afkhamirad called on Tuesday for the expansion of Tehran-Berlin bilateral ties, saying that the Geneva nuclear deal, reached between Iran and the…
The Persian Gulf Bridge, which is to be launched by March 2016, will play a significant role in transit of goods and economic activities in the region, Ali Akbar Shabani, CEO of Qeshm Free Trade…
In Iran the importance of spatial planning was first realized around five decades ago and the first stage of spatial planning was implemented by the government in 1966.
With economic and welfare policies adopted by the government, next year’s inflation rate is highly likely to plunge further, Ali Rabiee, minister of cooperatives, labor and social welfare, said on…
Iran’s share in the Iraqi market stands at less than 20 percent, while the number should reach 25 percent given the two sides’ strategic neighborly ties, Jahanbakhsh Sanjabi Shirazi, the secretary…
The government is taking steps to ensure that commodity prices will not increase next year (starting March 21, 2015), said Mohammad Bagher Nobakht, vice president for strategic planning and…
Saipa, Iran’s second largest carmaker is to implement a new plan to scrap dilapidated old cars in big cities and replace them with new vehicles. The manufacturer simultaneously aims to stimulate…
In the budget bill submitted on Sunday to the parliament for the next fiscal year, the share of oil revenue has dropped to 32 percent from 38-39 percent in the current year’s budget, Mohammad…
The government has decided to continue the previous administration’s cash subsidy scheme for the next year, starting March 2015, said Mohammad Baqer Nobakht, the vice president for strategic…
The Iranian industrial and mining sector is awaiting foreign investors with $9 billion of investment opportunities, the deputy of industry, mine, and trade said in the 18th Middle East Iron and…
Some 24 trillion rials (about $892 million at official exchange rate) of investments are annually required to mechanize the agriculture sector, including horticulture, livestock, and poultry and…
Germany’s economic activity is growing at a rapid pace. A flurry of recent news indicates to what extent Germany is back in business.
President Hassan Rouhani’s Chief of Staff Mohammad Nahavandian on Monday denounced administrative and financial corruption as a destructive element hampering business competiveness in the country…
Iran and Pakistan can make a joint investment to launch a special economic zone that can be used by both sides, Ali Tayebnia, Iranian minister of economic affairs and finance, said in a meeting…
A delegation of Turkish customs officials left Tehran on Sunday morning after they failed to reach a deal with the Iranian side to resolve a months-long dispute over the transit fees Iran has…
Head of Iran’s Chamber of Commerce, Industries, Mines and Agriculture, Gholam Hossein Shafei, called for expansion of trade with Germany, saying that trade turnover with Germany, currently…
