CEO of Bank Maskan – specialized in providing mortgages – has backed the idea of increasing mortgage ceiling in big cities to 600 million rials ($17,400 at market exchange rate) from 350 million…
Economy
Iran economy news, Get the latest news about Iran economy, trade, growth prediction, agriculture, transport, aviation, infrastructural developments and investment opportunities.
Harshly criticizing the ministry of labor and social affairs for its perceived shortcomings, secretary-general of Labor Coalition Alireza Mahjoob has described the Rouhani administration’s…
Sea transportation cost of some goods is higher that their actual cost, Tofigh Majidpoor, the head of board of directors of a shipping company told ISNA on Saturday. The daily cost of operating a…
The import of tilapia fish increased by 235 percent in the first ten months of the current year (March 21-January 20), ISNA reported on Saturday. Despite the disputes over the import of this type…
Iran’s automotive market is in the grip of “oligopoly” as the current regulations have significantly impeded competition, said Reza Shiva, the head of Competition Committee, which is the…
The managing director of Petrochemical Commercial Company and a member of Iran Management Consultants Association, Mehdi Sharifi Niknafas believes the decline in global oil prices and the…
Deputy Minister of Cooperatives, Labor and Social Welfare, Hamid Kalantari, said on Friday that nearly $1 billion worth of commodities have been exported to other countries by the cooperatives…
Twenty-one million metric tons of non-oil goods, valued at $16 billion, were exported via the southern province of Bushehr’s customs during the first nine months of the current Iranian year (…
Minister of industry, mine and trade, Mohammadreza Nematzadeh, said on Friday that Iran’s pharmaceutical industry must be export-based, noting that the administration is seeking to empower private…
Implementation of the Privatization Law has highlighted the role of the private sector with numerous comments by the officials who have praised Iran’s private sector and its crucial role in the…
Australian company UCL has signed an agreement with the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) for $1 billion invest in a zinc mine in Mehdiabad, near…
Stocks at the Tehran Stock Exchange (TSE) maintained 10 days of winning streak to portray a momentum at the equity market that stocks are roaring back to gradually wipeout TSE's massive 12-percent…
Sanctions have given gold a lot of headline space in Iran, mostly in relation to the gold trade with Turkey. However, gold production is another field in which Iran has invested much domestic…
Iran and Russia plan to hold a monetary-banking conference in Tehran. The event will be jointly organized by Iran-Russia Chamber of Commerce and the Chamber of Commerce and Industry of the Russian…
Nearly 90 percent of manufacturing units rely on banks’s financial assistance to address their cash flow needs, an official with Iran’s chamber of commerce said.
Khosro…
The administration’s efforts to raise funds for implementation of capital projects have been “dissatisfactory,” Mohammad Hossein Farhangi, member of the parliament’s board of directors, stated.
The Central Bank of Iran is playing the role of “the regulator” in the money market as it tries to regain control and stature.
A copy of a directive issued by the CBI to all commercial…
Now is the opportune time for western multinational companies to build effective plans for the Iranian market, which will gradually open once a nuclear deal is eventually reached. As the…
Turkey’s Economy Minister Nihat Zeybekçi announced that a trilateral meeting of economy ministers of Iran, Turkey and Azerbaijan will be held in March, IRNA reported on Friday. Zeybekçi who met…
Next year’s budget proposal for the transport sector has increased by 18 percent, deputy minister of roads and urban development Amir Amini said in a news conference in the western province of…
Minister of Industries, Mines, and Trade Mohammad-Reza Nematzadeh has called on foreign home appliance manufacturers to have their products made by Iranian companies.
Iran has exported $5.12 billion worth of commodities to neighboring Iraq during the first ten months of the current Iranian year (ending March 20), Majid Ghorbanifaraz, an official at Iran’s trade…
The world’s biggest ro-ro (con-ro) container vessel, the Jolly Titanio, currently sailing under the flag of the Italian “Messina” liner, docked at terminal No. 2 of Shahid Raja’ee…
Iran can play the role of a safe haven for Irish investors and the two sides should try to expand economic as well as political ties, Javad Heravi, the head of Iran-Ireland parliamentary amity…
Prices in rural areas rose 0.6 percent during the months of Dey (ending January 20), a recent report released by the Statistical Center of Iran (SCI) shows. The year-on-year inflation rate in Iran…
