The southeastern province of Sistan and Baluchestan has great economic potential and even small investments in the region’s agriculture, industry, mines, and trade can help stimulate economic…
Economy
Iran economy news, Get the latest news about Iran economy, trade, growth prediction, agriculture, transport, aviation, infrastructural developments and investment opportunities.
The minister of industry, mine, and trade says the completion of unfinished projects in the steel sector will enable the country to increase its steel smelting capacity from the current rate of 17…
After three months of pilot production, Iran has officially handed over Cerro Azul cement factory to Venezuela’s ministry of basic industries and mining, the Iranian Mines and Mining Industries…
The Central Bank of Iran warned commercial banks of an increase in forgery and fraudulent activities in the banking system. In a statement released by the CBI on Tuesday the regulator urged…
German exchange operator Deutsche Boerse faces a renewed legal battle in the United States over dealings by its Clearstream subsidiary with the Central Bank of Iran (CBI), US court documents show…
The performance of unauthorized credit and financial institutions not only has affected the banking system but seems to be stretched to capital markets now, economic Persian daily Forsat Emrooz…
D eath is the inevitable outcome of everyone’s lives, however how much does it cost bereaved family members when that day happens?
First Vice President, Es’haq Jahangiri inaugurated a direct-reduced iron (DRI) production plant with annual production capacity of 1 million metric tons in Bardsir in the southeastern province of…
Iran’s textile and apparel imports registered a record high of $1.3 billion during the first nine months of the current year, which started March 21, according to data provided by the Islamic…
The government of Japan has decided to donate 6.575 million dollars through the following four UN agencies, following a recent summit and ministry level meetings upon which Tokyo also expressed…
Lingering ambiguities dragged down the Tehran Stock Exchange (TSE)’s overall index to break below 65,000-point mark resistance level at Monday’s close, with the free float index topping market…
The production of pickup trucks by Iran Khodro (IKCO) during the 10th month of the current Iranian year (a period spanning from December 22 to January 20) indicated a 23.2% growth in comparison…
The easing of sanctions on Iran’s shipping companies would not yield significant results so long as banking and insurance sanctions are still in place, deputy minister of industry, mine, and…
The ratio of NPLs or non-performing loans in Tejarat Bank has reduced from the previous 17.2 percent to 15.2 now, according to central bank data.
The figure is bound to decrease to less…
A disciplinary committee has been tasked with addressing illegal activities of a bank and five credit institutions, Fars news agency reported Monday, citing an informed source. The case…
The Azadi gold coin rebounded from a two-month trough on Monday as lower prices spurred more buying from investors who curbed their enthusiasm about Iran and the world powers striking a nuclear…
The Export Development Bank of Iran (EDBI) plans to cooperate with the National Development Fund of Iran (NDFI) to boost export activities, an official said on Monday.
More than $5 billion has been invested in energy-intensive industries of the Persian Gulf Special Economic, Mining Industries and Metal Zone, said Masoud Hendian, the managing director of the zone…
The administration is planning to increase the role of railways in transportation of goods in line with its policy to expand trade, Mohammad Sa’idnejad, the deputy minister of roads and urban…
Iran’s economy continued to grow for the second season during the summer of 2014, based on latest reports released by the Central Bank of Iran (CBI). Ever since the start of stagflation period (…
Iran’s trade balance with Italy has turned positive with Iran notching up a surplus of $400 million in its bilateral trade with the European country, Chairman of Iran-Italy Joint Chamber of…
High levels of sugar imports have caused an oversupply of the product, putting pressure on domestic producers, according to comments made by senior officials.
Trade balance with Turkey dropped $93 million to minus $1.497 billion in the first ten months of the current year (March 21-January 20) compared with the similar period last year, based on…
Head of Iran’s Mines and Mining Industries Development and Renovation (IMIDRO), Mehdi Karbasian last week announced that all incomplete or pending steel projects have resumed their activities over…
The Tehran Stock Exchange (TSE)’s overall index tumbled at Sunday’s close to snap 11 days of winning streak, and wipe out piled up gains to spur concern among both institutional and individual…
