Eleven trillion rials ($401.5 million based on official exchange rate) was raised over the past year to fund seven steel projects across the country, Fooladnews quoted the head of Iranian Mines…
Economy
Iran economy news, Get the latest news about Iran economy, trade, growth prediction, agriculture, transport, aviation, infrastructural developments and investment opportunities.
Morteza Aqajani, the head of Hormozgan Steel Company on Tuesday drew attention to the absence of “comparable profit margins” in different stages of steel production process and called for the…
A trade delegation from Iran is due to pay a visit to India this week to pave the grounds for boosting trade between the two countries, Head of Iran’s Chamber of Commerce, Industries, Mines and…
Despite the Central Bank of Iran (CBI)’s report released earlier this month showing that the Gini coefficient has been on the rise over the past three years, a report by the Statistical Center of…
First Vice President Es’haq Jahangiri inaugurated the Ayatollah Behjat Foomani Dam in the northern province of Gilan on Tuesday, Mehr news agency reported. About 2 trillion rials has been spent on…
In its proposed budget bill for the upcoming year, the administration has earmarked only about 5 trillion rials ($185 million) for improving transportation infrastructure and providing the…
A memorandum of understanding (MoU) on agricultural cooperation has been signed between Iran’s minister of Agricultural Jihad, Mahmoud Hojjati, and his Chinese counterpart Han Changfu in the…
Domestic honey production is likely to fall in the current calendar year (to end March 20), deputy agriculture minister Hassan Rokni, told Mehr news agency on Tuesday.
Akamai, a company renowned for analyzing internet take-up, has painted a poor picture in its latest report for internet speeds and connectivity in Iran in the third quarter of 2014. According to…
The Central Bank of Iran issued new foreign exchange market regulations on Tuesday. The regulations pertain to the activities of bureaux de change. The CBI kept the ban on online currency trading…
The US dollar tumbled against the rial on Tuesday leading a general decline in foreign currency exchange rates.
Several traders and owners of bureaux de change in Tehran told the Financial…
In early January, the first Virtual Teller Machine (VTM) was unveiled by Tosan Techno in one of Bank Shahr branches in Tehran, according to an article in way2pay.ir.
The Headquarters to Fight Economic Corruption, set up in late 2013 by President Hassan Rouhani, met on Monday night discussing how to sort out the unregulated money market and prevent illegal…
A new startup company in Tehran has broken the mold with its new business plan. The new startup is currently being mentored by an accelerator in conjunction with the University of Tehran and…
It was reported several days ago that amid progressing nuclear talks, several Iranian delegations have been scheduled to visit the US in a bid to explore ways to improve economic ties. And now…
Since the beginning of the current year (March 21, 2014), 70 thousand cars have been imported, accounting for 10 percent of domestic production, Farhad Ehteshamzadeh, the head of Car Importers…
A trade delegation from Croatia paid a visit to Pars Wagon Company (WPCO) in Arak, the capital city of the central province of Markazi, on Sunday, as IRNA reported on Monday. The visit was aimed…
On January 11, the government accomplished the 47th round of cash subsidy payments since the plan’s inception in 2010. This, while the government is forced to cut its capital budget in order to…
The Rouhani administration is determined to support domestic and foreign investment, Mohammad Khazaee, head of Foreign Investment Organization of Iran said. He also vowed to increase the section's…
With the aim of easing transactions, Iran and Iraq are planning to experience electronic data interchange (EDI) in the near future, the Islamic Republic Customs Administration Office (IRICA)…
Monday’s trade at the Iran Mercantile Exchange saw 160 tons of scrap locomotive wheel traded on the local trading floor, IME’s public relations and Foreign Affairs Office reported.
Islamic…
The Arvand Free Zone Organization, in cooperation with the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO), is producing petroleum coke, IRNA reported. IMIDRO…
R Refining companies have been given five years by the Financial Stability Committee (FSC) to improve the quality of their products, including aviation fuel.
The FSC bill was approved by…
Copper, the third most widely used metal in the world after steel and aluminum, is deeply affected by the global economy, to the extent where an increase in its price reflects growth in the major…
The rial dropped against all major currencies on Monday extending losses for the third consecutive day as demand outweighed supply in Tehran.
The US dollar regained half of the ground it…
