After a four week rout, the rial is on the rebound as the weakened currency spurred some buying.
The dollar fell against the rial on Saturday heading for the first full week of losses in…
Economy
Iran economy news, Get the latest news about Iran economy, trade, growth prediction, agriculture, transport, aviation, infrastructural developments and investment opportunities.
Economy
After an eight-year hiatus, a letter of credit (LC) has been issued by a foreign bank for the South Aluminum Company (SALCO) which is expected to produce 300,000 metric tons of aluminum per year,…
Economy
The Iran Mercantile Exchange (IME) saw both local and imported rice being traded on the agricultural trading floor on Saturday, IME’s public relations and foreign affairs office reported.
Economy
Following the past three months’ declining prices of the mortgage-backed securities, the greater-than-demand supply is the main reason why such securities lost their value again in the past…
Economy
The Tehran Stock Exchange (TSE)’s overall index once again retreated at Saturday’s close to extend its massive losses incurred within the past few months, with all indices pushing the TEDPIX to…
Economy
Iran Privitazion Organization (IPO) has put up three gas stations for auction in the northern province of Golestan, IPO’s public relations office reported. A horse race track in the centre of Iran…
Economy
Over the first 9 months of the fiscal year (March 21st -December 21st 2014), the United Arab Emirates was the main country of origin for imported goods, based on the latest report by the Islamic…
Economy
The foreign trade balance saw a $12.8-billion deficit during the first nine months of the current year. Over the period (March 21- December 21, 2014), the volume of imports constituted 60.07…
Economy
Some 1,500 economists have been invited to attend the First Iranian Conference on the Economy to be held in Tehran January 12-13 to study major economic problems and investigate avenues to reach…
Economy
The value of bilateral trade between Iran and China from January to November 2014 increased by 36 percent compared to the same period last year, according to data released by China’s Customs as…
Economy
Iran and its southern neighbor, the United Arab Emirates, have discussed ways to boost their ties in air transportation, direct flights, and aviation training, Fars news agency reported yesterday…
Economy
Some 100,000 tons of low quality tea, mainly from India and Sri Lanka, are imported legally and illegally and then sold at prices twice more than those of quality Iranian tea in the domestic…
Economy
The fall in oil prices should be seized as a good opportunity for the government to modify its administrative structure and reduce its dependence on oil revenues, said Yahya Al-e Es’Haq, the…
Economy
The country’s bureaucratic structure has to undergo reforms to be made more efficient, Asghar Masahebnia, an official with the ministry of mine, industry and trade, said on Friday.”The government’…
Economy
Cash subsidies are affecting the economy the same way a fatal poison affects human organs, Jamshid Barzegar, head of mass builders’ union, said on Thursday. He added that “the government should…
Economy
First Vice President Esha’q Jahangiri lauded on Thursday the government’s overall economic performance, saying that the dynamic foreign policy adopted by the administration has convinced many…
Economy
A group of commercial envoys met in Kish Island with Ali Jirofti - vice president of investment and economic development of Kish free trade zone – to discuss investment opportunities for their…
Economy
Transit fees collected by Iran at its joint border with Turkey could diminish the positive impact of the recent agreement between the two countries over tariffs on their preferential trade, the…
Economy
The country’s current budget must be based on revenues earned from taxes and duties in order to offset the oil revenue loss caused by the fall in the international oil market, senior presidential…
Economy
Agricultural land use change have dramatically declined in the current year, IRNA reported on Friday. Some 6,500 hectares of agricultural land is recorded to have changed use…
Economy
Stocks in Iran’s equity market posted another massive wipeout, and lost ground during the week that ended December 31, after the overall index lost 1,180 points to lose grip on the 69,000-point…
Economy
The Ministry of Industry, mine, and trade has issued 109,048 industrial establishment licenses within the first 8 months of the current Iranian year, which ended December 21, IRNA reported. Given…
Economy
The minister of industry, mine, and trade stressed that carmakers should enhance the quality of domestic cars and manufacture world-class vehicles by seeking assistance from reliable international…
Economy
Based on the latest exploration operations carried across the country, as much as 30 million metric tons of gold, 90 million metric tons of iron ore, and 120 million metric tons of coal have been…
Economy
More than 622,000 tons of different commodities worth $330 million were traded at the Iran Mercantile Exchange (IME) during the week that ended December 31, IME’s public relations and…
Economy
