Located in arid regions of Iran with minimal annual precipitation, Isfahan province has been struggling with drought for seven years. Nevertheless, it is obliged to exploit maximum capacity in…
Economy
Iran economy news, Get the latest news about Iran economy, trade, growth prediction, agriculture, transport, aviation, infrastructural developments and investment opportunities.
Iran’s civil aviation industry has undergone serious challenges in the past decades, mainly because of the sanctions imposed by the West after the 1979 Islamic Revolution and later on due to…
Afghanistan is the fourth major export destination for Iranian commodities, Iran’s Ambassador to Kabul, Mohammad Reza Bahrami said in the gathering of Iranian industrialists and businessmen…
Iranian apples are being sold in Emirati supermarkets at higher prices than their American and French rivals, Sadreddin Niavarani, the deputy manager of the union of fruit exporters and importers…
On the occasion of the new Iranian year (starting on March 21), direct supply centers in four locations in Tehran will provide subsidized fruits and food products to people, Tehran’s Deputy…
A look at the figures from the past four decades will indicate that except for a short-lived period, Iran’s economy has been struggling with skyrocketing inflation rates, including 50% in 2006 and…
The progress of Persian Gulf Bridge construction which will connect Qeshm Island in the Persian Gulf with the mainland has been accelerated and is expected to be completed within the next three…
All Iranian expatriates have been eliminated from the list of subsidy receivers and high-income households who live inside the country are gradually being removed from the list, head of the…
Productivity in Iran has grown minimally by 0.5 percent over the past 15 years, head of the National Iranian Productivity Organization, Roya Tabatabaei Yazdi was quoted by IRNA as saying on Monday…
Parsian Bank led earnings among private lenders in the year ending March 2014, for the sixth consecutive time, according to the Industrial Management Institute.
The Tehran-based bank came…
Iran Insurance Company (IIC) is set to take over another peer company, Tose’e Insurance Company (TIC), the Supreme Council of Insurance announced on Tuesday.
The work permit of TIC has now…
Parliament members ratified an approval on Tuesday allowing the government to help raise capital for state owned banks by a maximum of five trillion rials ($180 million at official exchange rate…
The total amount of NPLs or non-performing loans in the banking system is estimated at two quadrillion rials ($72.3 billion at official exchange rate), more than twice the minimum estimate of 950…
A report published by well know Russian security firm Kaspersky Labs on Tuesday revealed that Iran is one of the most hacked countries from a new malware bug.
One plus one makes three: this equation is the special alchemy of a merger or an acquisition. The key principle behind buying a company is to create shareholder value over and above that of the…
Following months-long negotiations, mining companies will be offered loans to optimize their fuel consumption, said director general of the mineral office of the ministry of industry, mine, and…
A memorandum of understanding (MoU) has been signed between the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) and the Geological Survey of Iran to expand…
The Tehran Stock Exchange overall index pulled back from an early rally to a sharp decline, to notch a new record low in 2015 at Tuesday’s close.
Iran’s textile and apparel industry is worth $7.3 billion, with the apparel industry’s market value amounting to $5 billion and the textile and rug industry comprising the rest, announced the…
Tuesday trading at the Iran Mercantile Exchange (IME) was accompanied by offering of corn, both from local and overseas suppliers, on the agricultural trading floor, IME’s Public Relations and…
A report published by the parliament’s research center provides a general overview of mining and mineral industries in North Khorasan Province, located in northeast Iran.
Close to 257,000 tons of various commodities were put up on the boards of Iran Mercantile Exchange (IME)’s spot and secondary markets during Monday trading, IME’s Public Relations and Foreign…
The second phase of Sungun copper concentration plant, which was inaugurated last week, is an advanced copper recovery plant with state-of-the-art equipment that enables it to recover up to 92% of…
Ever since Iran and the P5+1 group (the five permanent members of the United Nations Security Council plus Germany) reached an interim nuclear deal in Geneva back in 2013, foreign companies have…
Iran Fara Bourse or over-the-counter (OTC) has registered 237 cases of takeover, worth 120 trillion rials (approximately $3.5 billion at market exchange rate), the chairman of Iran Financial…
