Minister of Communication and Information Technology, Mahmoud Va’ezi, has proposed a trilateral summit with Turkey and the Republic of Azerbaijan to be held in the Iranian capital of Tehran, IRNA…
Economy
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The ministry of road and urban development is negotiating with the National Development Fund of Iran (NDFI) for funding eight road construction projects worth around $5.6 billion, said a deputy…
The total value of Iran’s exports to Russia amounted to $400 million in the first 11 months of the current Iranian year, which ends on March 20, half the level of exports to the northern neighbor…
It has been a while since the issue of eliminating high-income households from the list of cash subsidies came under the spotlight; however, the fact that identifying the rich might not be that…
Permits for three credit institutions shall be issued by the end of the current fiscal year (March 20), Hamid Tehranfar, Central Bank of Iran (CBI)’s deputy governor said. The three institutions…
Last year (2014) was probably the best year in over a generation for Iran’s domestic airline industry. In fact, with the help of the interim nuclear agreement, and its offer of airplane parts to…
The Jiring service or electronic mobile wallet (M-Wallet) service has been designed by Mobile Communication Company of Iran (MCI) to enable certain banking transactions and e-shopping on mobile…
The Azadi gold coin rose for the third consecutive day on Tuesday, diverging from gold’s decline in the international arena.
Azadi advanced 0.51 percent to 9,800,000 rials by 13:09 on…
Mohammad-Reza Nematzadeh, minister of industry, on Monday criticized the Central Bank of Iran for pushing commercial banks to set aside large amounts of deposits, known as the reserve-requirement…
Although one of the most important factor affecting deposit and loan interest rates is the inflation rate, authorities must consider other issues while making policy, a banking official said on…
The soaring financial fraud cases in the banking system is due to the fact that the banking regulations are not upheld when providing loans, said Prosecutor General Ebrahim Raeisi on Sunday night…
Chabahar, the Iranian port city located in the southeastern Sistan and Baluchestan province, played a significant role during the 1980-88 Iran-Iraq war in providing certain commodities. The city…
The rial fell for the second day in a row against a basket of major currencies on Monday, with new analysis arguing that the depreciation hurts manufacturing.
Demand for foreign currencies…
In line with the principles of the resistance economy, a doctrine proposed by Leader Ayatollah Seyed Ali Khamenei to counter western sanctions, Bank Saderat Iran has pledged to finance three major…
Iran Zamin Bank has rejected reports suggesting a distraint notice has been issued on its assets.
The inflation rate reduced and reached 15.2 percent in the 11th month of the Iranian calendar, Bahman (the month ending on January 20th), according to Mohammad Baqer Nowbakht, head of Management…
Food security and self-sufficiency have often been discussed in Iran as two interdependent variables in the context of food policy after the 1979 Islamic Revolution. However, experts now believe…
Since the 1979 Islamic Revolution, corruption has been a social problem to be tackled. However, the adopted methods have proved ineffective since they are unsystematic, poorly assessed, and inapt…
Transactions in the housing market in the first nine months of the current Iranian calendar year (March 21-December21) registered a 60 percent growth compared to the same period last year,…
Iran has become self-sufficient in chicken farming and producing dairy products, ILNA quoted Minister of Agricultural Jihad Mahmoud Hojjati as saying. The minister added that as a major world…
The first direct flight from Berlin to Tehran was launched by the German airline Germania, on Sunday, with Iran’s Ambassador to Germany, Ali Majedi, and Germania’s CEO, Karsten Balke, taking part…
Iran’s copper reserves amount to 20 million tons, which is 2.9 percent of global reserves, according to a report released by the Iranian Mines and Mining Industries Development and Renovation…
The 9th International Brand Conference opens at IRIB International Conference Center in Tehran on Tuesday with special focus on the role and position of national branding in export development and…
Exploration operations carried out on 12,000 square kilometers of Sangan region in Khorasan Razavi Province have led to the discovery of 3 billion metric tons of mineral deposits, deputy head of…
Stocks waxed and waned at the Tehran Stock Exchange (TSE) on Monday, after the overall index retreated to settle in red territory in a floppy trade at Monday’s close.
