The Central Bank of Iran (CBI) issued a directive on Sunday in a bid to support production enterprises in terms of financial and credit regulations, MNA reported.
The new…
Domestic Economy
Administration officials are still at odds whether to increase the price of bread across the country, MNA reported on Sunday. Earlier, the government announced it would allow bakeries to increase…
The rial plunged on Saturday, as a plummeting oil price stirred fears of an increasing government deficit, adding to the sentiment that reined in the market after nuclear talks between Iran and…
President Hassan Rouhani’s office announced Saturday that the president will visit Golestan province on Tuesday to inaugurate a key rail project, which would connect Iran to Turkmenistan and…
A Chinese finance company called SCE Property Holdings Limited, a French company called Lyon Airport Company (CSCDC) and the Iranian Sana Pardakht Aras Co.
The governments of Iran and Azerbaijan are preparing to sign a memorandum of understanding in the agricultural field including livestock trade, Minister of Industry, Mine and Trade Mohammad Reza…
In a bid to manage demand and supply, the government will buy the surplus amount of domestically produced raw milk, the agriculture minister Mahmoud Hojjati told IRNA yesterday. The administration…
The deputy minister for mines and mineral industries has predicted a 6 percent growth for the mining industry in the second half of the Iranian year (September 23 – March 20). In an interview with…
The government has allocated 12 trillion rials (above $447 million at official exchange rate) out of its savings from the subsidy reform plan to the manufacturing sector in the current year,…
A lawmaker has called on the government to ban the import of goods that are not economically justifiable to be imported. Jafar Qaderi, a member of the parliamentary Plan and Budget Committee, said…
Iran eyes Germany as its top trading partner, said Ali Majedi, the Iranian Ambassador to Germany addressing the Berlin-based business group Berliner Wirtschaftsgespraeche in the German capital on…
Expansion of transportation routes between Iran and India can bring about numerous economic benefits for both countries, said Iranian Roads and Urban Development Minister Abbas Akhoundi in a…
Value-added tax (VAT) rate will not increase next year, the government has announced.
Minister of Economic Affairs and Finance Ali Tayebnia urged the Islamic Solidarity Fund on Thursday to help eradicate poverty in the member countries of the Organization of Islamic Cooperation (…
In a bid to increase its share in international market, the Agricultural Jihad Organization of Khorasan Razavi is implementing 95 projects to improve the quality and quantity of domestically…
The government’s new decision to ease restrictions and issue legal permits for import of Marlboro cigarettes could cost smugglers’ 5-trillion-rial (about $150 million at market rate) in illegal…
The share of Iran in the 2-trillion-dollar Halal market stands at $5 million to $6 million, according to Abolhussein Fakhari, the secretary general of Global Halal Institute.
The inflation rate for the 12 months ending on November 21 (Aban) reached 18.2 percent, down from 19.4 a month earlier, the Central Bank of Iran announced on Wednesday.
The CBI's report has…
The United States on Tuesday announced it would extend a freeze on certain sanctions against Iran, after talks over the country's nuclear energy program were prolonged by seven months.
Business activity in around 40 authorized special economic zones (SEZ) is close to zero, Akbar Torkan, the presidential advisor and secretary of the High Council of Free Zones, said on Tuesday.…
The government will continue its cash handout scheme, which already provides almost every Iranian citizen with a monthly pay of 455,000 rials ($17 based on official rate), throughout the next…
The governor of the Iranian southern province of Khuzestan, Abdol Hossein Moqtadai, met the governor of Iraq’s Basra Governorate, Majid Mahdi al Nasravi, on Wednesday in a bid to expand economic…
The first Iranian exhibition specialized in foodstuff, agricultural products, livestock and poultry opened in Herat on Tuesday, IRNA reported. More than 45 Iranian firms from the provinces of…
The Rouhani administration has issued a new directive that would ease the retirement law for Iranians working in “difficult and hazardous occupations,” Ali Rabiee, the labor minister, announced on…
The workers’ faction of the parliament has urged that the minimum wage for the next Iranian year (which starts on March 21, 2015) be raised to 16 million rials ($486 based on foreign exchange…
