Economy

The government plans to purchase 7.7 million tons of wheat in excess by the end of the current Iranian year (March 19, 2016), according to deputy minister of agriculture jihad, Ali Qanbari.

Deputy minister of roads and urban development, Hamed Mazaherian, says a new “Comprehensive Housing Plan” will be implemented within the next 12 years with the aim of providing home to low-income…

The northeastern Khorasan Razavi Province accounts for 70 percent of Iran’s egg production, according to deputy agriculture minister, Jafar Hajimojtahed.

Many predict that Iran’s economy is poised for a significant growth no matter what the outcome of the ongoing nuclear negotiations between the country and the P5+1 group (the five permanent…

Increasing import tariffs on commodities listed in the preferential trade agreement with Turkey could give rise to smuggling, secretary of Iran-Turkey Commercial Cooperation Council, Seyyed Jalal…

In an aquaculture project between Iran and France, the first marine fish reproduction center is to be launched on Qeshm Island under the auspices of Iran Fisheries Organization affiliated to the…

Measures have been taken to allocate more funding to the Iranian National Observatory project in the current Iranian year (started March 21), Iranian Vice President for Science and Technology…

Iran and Pakistan inaugurated an international optical fiber project in a ceremony attended by Iranian Minister of Communications and Information Technology Mahmoud Vaezi.

Vaezi attended a…

The pilot phase of intelligent mailboxes has been launched in Tehran, an official with the Islamic Republic of Iran Post Company said.

According to IRIP’s deputy, Ibrahim Boodaghi, 11…

Britons are expected to bank on smartphones and mobile devices more than all other channels combined within five years after a fourfold increase in weekly mobile activity in the past year.

Deputy minister of industries, mines and trade, Hossein Aboui Mehrizi, has predicted the industrial and mining sectors will experience 6% growth by the end of the current Iranian year (to end…

Gholamreza Salami, a senior advisor to the minister of roads and urban development, has addressed the issue of converting Bank Maskan (Housing Bank) into a development bank, a move that can help…

Bank Saderat Iran is starting to sell its non-banking subsidiaries in response to a call made by the Ministry of Economic Affairs and Finance, as it seeks to increase its working capital.

An agreement was signed between the Association of Home Developers and the Ministry of Roads and Urban Development, which allows home builders to receive construction loans from commercial banks…

Following a trend that began Saturday, the price of gold coins in Iran dropped to its lowest level in four months on June 15.

Based on a new approval by the Central Bank of Iran, banks are obliged to regard guaranteed purchase agreements for goods and services submitted by the private sector and buyback agreements signed…

Despite 10-20% tariffs imposed on the import of steel products, domestic steel manufacturers still suffer from steel dumping by China and Russia, according to secretary of the Iranian Steel…

In view of the massive potential lying ahead of the Iranian industries after the removal of sanctions and the fact that Iran is one of the world’s biggest untapped markets enjoying a diverse range…

After two days of uptrend at Tehran Stock Exchange, the overall index wiped out most of the gains it had accumulated on Monday to underscore the bearish sentiment at the equity market. This is…

Iran Mercantile Exchange featured granulated iron ore, bitumen, sulfur lumps and roof insulation in a bustling trading day on Monday, IME reported.

The construction sector in Iran has always been a lucrative option for investors and industry owners. Burgeoning demand for buildings and housing units has increasingly led to the need for new…

Producer cooperatives exported $1.1 billion worth of goods in the previous Iranian calendar year (ended March 20), said deputy minister of cooperatives, labor and social welfare, Hamid Kalantari…

Even though trade between Iran and Iraq is booming, the two countries are yet to take full advantage of their vast trade opportunities, said Farzad Piltan, director general of Arab and African…

Minister of Economic Affairs and Finance Ali Tayyebnia met with the United Arab Emirates’ deputy prime minister and minister of presidential affairs, Mansour bin Zayed Al Nahyan, in Tehran on…

According to Iranian Ambassador to Nigeria Saeed Koozechi, Tehran is willing to increase annual trade with Abuja from the current $50 million to $500 million. Koozechi made the remark at the…