Economy

Officials are drawing up a successor to the seven-year-old Mehr social housing project, which has been blamed for everything from corruption and extended construction delays to its role in…

Recycling goes far beyond separating your wet and dry waste —which the city’s municipal authorities have lately been propagating intensively. Scrap recycling industry is a sophisticated, capital-…

The ministry of industry, mine, and trade has called on financiers to invest in a project to utilize the mineral salts such as calcium carbonate, sodium chloride, and potassium sulfate in the Lake…

Iran is planning to increase crude steel production using raw materials supplied by iron ore resources in Kazakhstan, Fooladnews quoted Mehdi Karbasian, deputy minister of industry, mine and trade…

The Tehran Stock Exchange (TSE)’s benchmark ended a seesaw trading day in green following news about a possible cut in interest rates from 22 percent to 20 percent, coupled with positive…

Deputy head of the Geological Survey of Iran (GSI), Behrouz Borna said Iran currently holds 70 different types of minerals, adding that 15 new mineral species including rare-earth elements, nickel…

The agricultural trading floor of Iran Mercantile Exchange (IME) played host to more than 3,000 tons of soybean meal, 5,370 tons of corn, 3,065 tons of rice, 4,000 tons of wheat, 300 tons of…

Former central bank governor Tahmasb Mazaheri has urged the administration to immediately take action and unify foreign exchange rates, whether or not sanctions are lifted.

His remark came…

Top managers of private and state-owned banks have agreed to set the deposit rate ceiling at 20 percent, IRNA reported, citing Abdonasser Hemmati, head of the coordination council of state-owned…

Iran's financial industry is expanding rapidly. Since changes were made in Iran's financial laws in 2008, many new financial services firms and various financial instruments have sprung up. This…

The central bank governor has called for regional cooperation to set up credit lines using local currencies to have more transparent trade transactions under the supervision of the central banks,…

More than $6 billion worth of commodities were traded via border areas of the northwestern Kurdistan Province over the past Iranian calendar year (ended March 20), which indicates a 52 percent…

Close to 100 metric tons of tragacanth gum, valued at $6 million, was exported from Isfahan Province to European and Asian countries during the past  Iranian year (ended March 20),…

Iran imported $875 million worth of different commodities from Turkey during the last quarter of the past Iranian calendar year (ended March 20), according to head of Iran-Turkey Joint Chamber of…

Indian firms are vying to secure a position in the Iranian market as nuclear talks between Iran and the P5+1 are reaching a tipping point, which is expected to see economic sanctions against the…

Iran is one of the leading producers and exporters of dried fruits and nuts. According to data from the agricultural ministry, the country exported 180,262 metric tons of pistachio, 113,378 tons…

President Hassan Rouhani will sign a bill in the coming days which will allow the establishment of a new free trade zone in the northwestern Ardebil Province, the governor-general of Ardebil…

With sanctions expected to be lifted within months, there’s a good chance the country’s $110 billion Tehran Stock Exchange will rally, as international money managers are scrambling to get in…

Monetary and financial policies must be set in a way that economic vulnerability can be reduced and the economy would be consolidated against external shocks, said Central Bank Governor Valiollah…

The banking system will be the first to benefit from the lifting of sanctions if Iran and world powers agree to a final deal by the June 30 deadline, a report has predicted.

Financial and…

A joint plan devised by two parliamentary committees for settling the deposit rate ceiling will be announced Sunday, an MP told Eghtesad News on Saturday.

As calls are surging for tighter supervision over the financial institutions violating deposit rate regulations, some commercial banks are still hastily trying to offer higher deposit rates to…

The 4th International Exhibition on Elevators, Escalators, Lifts, Conveyors and related components and equipment will open on April 25 in Tehran’s permanent fairground, according to IRNA. The…

Indices lost steam once again at the Tehran Stock Exchange (TSE) amid massive selloffs by investors, particularly institutional investors, which kept dragging down the benchmark.

Stocks…

Close to 26,228 tons of different commodities were offered by local petrochemical complexes on the Iran Mercantile Exchange (IME)’s oil and petrochemical trading floor on Saturday.