Former governor of the Central Bank of Iran Tahmasb Mazaheri said the recent decision on cutting deposit and loan interest rates would positively affect the economy if necessary prior conditions…
Economy
Iran economy news, Get the latest news about Iran economy, trade, growth prediction, agriculture, transport, aviation, infrastructural developments and investment opportunities.
Economy
Depositors in uncertified financial institutions will not be backed by the government, says Economy Minister Ali Tayebni, affirming previous comments by the central bank governor. The warning…
Economy
Deputy minister of industry, mine and trade Mojtaba Khosrotaj supported the decision made by the Money and Credit Council on April 28 to put a 24 percent cap on lending rate from the previous 27-…
Economy
With an end to sanctions on the horizon, investors and traders should be interested in the Tehran Stock Exchange.
Economy
An agreement was signed between Mobin Mining and Road Construction Company; the industry, mine and trade organization and the environment department of West Azarbaijan Province to harvest…
Economy
The Tehran Stock Exchange overall index recorded the fourth consecutive negative trading week, with around 2.38 percent retreat amid pessimism about lingering ambiguities that have slashed…
Economy
Deputy minister of industry, mine and trade Mehdi Karbasian says western companies have recently offered to take part in Iran’s industrial and mining sectors, Eghtesad News reported.
Economy
Iran’s production of crude steel grew 9.6% in the first quarter of 2015 as output from Mobarakeh Steel Company (MSC) increased 21% compared with the similar period a year before, IRNA quoted the…
Economy
Trade with China’s Muslim-dominated province of Xinjiang hovered around $1.6 billion during the first quarter of 2015, recording an increase of nearly 89.4% compared with the similar period in…
Economy
Georgia is an emerging trade partner for Iran, said head of Iran-Georgia joint Commercial Council, Fatemeh Moghimi, ISNA reported. Iran’s exports to Georgia exceed its imports.
Economy
The United Arab Emirates’ Ministry of Environment and Water finally put an end to the rumors about watermelons the UAE had imported from Iran after certain Emirati media had claimed that the fruit…
Economy
The government has been seeking to avoid budget deficits via spending cuts and tax increases; however, the policy has forced end consumers to pay high taxes on daily expenses such as electricity,…
Economy
Although sugar beet production grew in the past Iranian calendar year (ended March 20), sugar business is in a slump, said secretary of Iranian sugar factories syndicate, Bahman Danayi, as…
Economy
The cooperatives sector has so far failed to deliver its envisioned share of 25% in the national economy as the sector’s current share is no more than 5%, according to senior official at Tose’e Ta…
Economy
The unauthorized financial and credit institutions hold 20 percent of the money supply, according to news website BINA. Statistics released by the International Monetary Fund suggest that there…
Economy
M ajor banks agreed on deposit interest rates on Wednesday, after the central bank left it to them to decide on the matter.
Economy
Financial experts and policymakers who had convened for a second meeting to discuss banking strategies after the sanctions are lifted if a nuclear deal is finalized by June 30 sounded more vocal…
Economy
About 191,000 tons of steel section was offered on the Iran Mercantile Exchange’s industrial and mining trading floor on Wednesday trading.
According to IME public relations, Khuzestan…
Economy
Stocks in Tehran Stock Exchange staged yet another rout at Wednesday’s close, with oil refining companies, petrochemicals, and minerals pulling down the TSE’s overall index to stay in red for the…
Economy
According to deputy minister of industry, mine and trade, Ja’far Sarqini, 2,200 mines out of 7,600 mines in the country remained inactive over the past Iranian calendar year (ended March 20).
Economy
Iran is the world’s fourth producer ceramic tiles and the fourth exporter to Asian and Middle Eastern countries, deputy minister of industry, mine, and trade, Ali-Asqar Tofiq said on the sidelines…
Economy
Rural inflation rate stood at 13.4 percent in the first month of the current Iranian calendar year (started March 21), showing a 3 percent decrease compared to a month before, according to the…
Economy
About 10,000 metric tons of silk cocoons are produced in Iran annually, IRNA quoted head of Sericulture Organization, Ali-Asghar Dadashpour as saying.
Economy
About $2 billion worth of apparel is smuggled into the country annually, while legal imports are 333 times less at $6 million, Eghtesad News quoted deputy industry minister Mojtaba Khosrotaj as…
Economy
A Chinese delegation in a visit to Alborz Province – located northwest of the capital Tehran – has expressed readiness for making investment there, IRNA reported.
Economy
