Recent rough patches in the petrochemical market are the result of middlemen rushing to make a quick profit.
Economy
Iran economy news, Get the latest news about Iran economy, trade, growth prediction, agriculture, transport, aviation, infrastructural developments and investment opportunities.
Of the 20 funds paying pension to retirees in Iran, 18 are bankrupt, a member of Majlis Social Commission said.
Rasoul Khezri added that all the pension providers in Iran are in a state…
Minister of Industries, Mining and Trade Mohammad Shariatmadari unveiled on Saturday the list of products included in the drive called “Intensified Fight Against Hoarding and Stashing” in a…
The Ministry of Industries, Mining and Trade has issued a directive mandating steelmakers to increase their supply to Iran Mercantile Exchange to reach the minimum volume set by the government,…
The tendency of government agencies to enforce unnecessary restrictive regulations has become the most important obstacle in the way of innovative startup businesses, especially online…
Investors can finally imagine the government loosening its grip on the foreign currency market without being called dreamers. And with the prospect of change on the horizon, stocks have jumped…
The Central Bank of Iran has supplied $239 million over the past three months at the official exchange rate to satisfy public demands for foreign currency to pay for medical, educational,…
Facilities allocated to Iran's housing sector during the first quarter of the current fiscal year to June 21 increased both in terms of volume and value, the central bank's data show.
As the negative consequences of the government’s policy in enacting a single exchange rate for the US dollar are becoming clearer, report from local media suggest that the government is finally…
Emdad Khodro, Iran’s largest roadside assistance company, has begun offering breakdown or routine maintenance services for Iran Khodro products at the customers’ desired locations. Real-time…
Iran’s second largest private carmaker Kerman Motor has launched production of JAC J4 in the southeastern city of Bam.
The company has already started the presale of the model as well.…
Residential deals in Tehran cooled in mid-summer but prices continued on their rising trajectory, the latest data released by the Central Bank of Iran show.
A third unofficial foreign exchange market has emerged, despite the government's efforts to prevent the turbulent currency market from spiraling out of control, a lawmaker warned.
Abdolnasser Hemmati, the newly-appointed governor of the Central Bank of Iran, has in his first comments as the country's top monetary policymaker pledged to promote the country's economic…
The average goods and services Consumer Price Index for urban areas in the 12 months ending July 22, which marks the end of the Iranian month of Tir, increased by 10.2% compared with last year’s…
Eight construction and development projects were inaugurated at the Imam Khomeini Airport City in Tehran on Thursday.
Roads and Urban Development Minister Abbas Akhoundi, Managing…
Managing Director of Ports and Maritime Organization of Iran Mohammad Rastad said India will officially begin the $85 million investment it has committed in Chabahar Port soon.
He…
Iran exported 142,281 tons of apples worth $66.19 million during the first three months of the current Iranian year (March 21-June 21), the Islamic Republic of Iran Customs Administration’s…
Iran traded 622,727 tons of non-oil commodities worth $305.92 million with Thailand during the first three months of the current Iranian year (March 21-June 21), registering a 5.76% and 25.11%…
With the reimposition of US sanctions on Iran expected to come into effect in autumn, plans by the European Union to protect companies still trading with Tehran from being penalized by…
The 4.3% economic growth for Iran confirmed by the International Monetary Fund in its April report is thanks to the allocation of 190 trillion rials ($4.41 billion) in loans to the manufacturing…
Investors took a wait-and-see approach last week at the stock market, as political tensions escalated between Iran and the United States, with the first wave of sanctions against the Islamic…
A total of 585,906 cases of theft were reported in the fiscal 2016-17, registering a rise of 7% compared with five years before, the Statistical Center of Iran said. The nationwide rate was one…
Facebook Inc Chief Executive Mark Zuckerberg’s fortune took a more than $15 billion hit on Thursday, as the social media company suffered the biggest one-day wipeout in US stock market history a…
Taking into account the fact that Iran is situated in an earthquake-prone zone, officials from the ICT Ministry held a meeting with local mobile service providers, discussing ways to mitigate…
