The Ministry of Agricultural Jihad says it has plans to make more efficient use of water for irrigation purposes. “Less than 10 percent of arable land in the eastern province of Khorasan Razavi is…
Economy
Iran economy news, Get the latest news about Iran economy, trade, growth prediction, agriculture, transport, aviation, infrastructural developments and investment opportunities.
The agriculture sector can act as an alternative for the oil sector, deputy minister of labor Eskandar Zand told Fars news agency on Wednesday. “Promoting agricultural exports can help bring the…
Iranian businesses are interested in investing in India’s steel and mining sector, said Iran’s ambassador to New Delhi, Gholamreza Ansari, during his meeting with India’s steel and mines minister…
The Tehran Stock Exchange’ gauge recorded its third consecutive positive day to recoup some ground after recent sharp retreat and selloffs; however, the cloudy prospect of the economy is expected…
New plans devised to develop mines across the country need financial resources as much as $29 billion, said Mehdi Karbasian, the head of the Iranian Mines and Mining Industries Development and…
The industrial and mining trading floor at the Iran Mercantile Exchange (IME) played host to various rebar bundles, blooms, I-beams, hot and cold-rolled steel, aluminum ingots and billets on…
The northwestern province of West Azarbaijan, which has some of the most diverse decorative stone resources among Iranian provinces, exports only 40% of the minerals it extracts every year, ILNA…
The governments of Iran and China have concluded a contract to finance the construction of new subway lines between Tehran and two nearby cities, lawmaker Gholamreza Kataeb told FNA on Monday.
Financial intermediaries act as “the circulatory system” for the economy as the body, the former vice chairman of Citigroup Inc said here in Tehran, “so an interruption in the function of these…
The Head of the Hungarian chamber of commerce’s office in Yerevan has announced that the chamber is planning to set up a new office in Tehran in the near future, Fars News reported.
“The…
State-owned lender Bank Meill Iran is planning to expand its business in the United Arab Emirates, as the new CEO seeks to revive the bank.
This is part of an agreement between Bank Melli…
Export-Import Bank of India (Exim Bank) has agreed to shell out a new $150 million line of credit for Iran's privately owned banks.
The Iranian lenders include Saman Bank, Parsian Bank,…
Private lender Eqtesad Novin (EN) Bank has revised its charter as of Monday December 22. The Tehran-based lender held an extraordinary general meeting to make changes to its charter. The meeting…
The vice presidency for strategic planning and supervision has required the ministry of roads and urban development to enforce 10 major programs to pave the way for the implementation of the basic…
Iran and Russia will use the Iranian rial and the Russian ruble in their foodstuff trade and probably in their other deals in the near future, Mehr news agency cited Asadollah Asgaroladi, head of…
Airports across the country are to be equipped with new radar systems made by western companies, said Mohammad Ali Ilkhani, the managing director of the Iranian Airports Company (IAC), on Monday…
Taxes are expected to account for 32 percent of the government’s total revenues in the next fiscal year, starting March 20, 2015. Fortunately, in the budget bill proposed to the parliament on Dec…
Statistics released by Iran’s Customs Administration show that member states of the Organization of Islamic Cooperation (OIC) have been the major destination for Iran’s exports during the first…
An exclusive exhibition of Iran’s trade potentials will be held in Muscat, Oman, from January 6-10, the International Exhibitions Company of Iran announced. As IRNA reported, the event will be…
A government official has predicted that the housing market will not experience a price shock in the remaining months of the current Iranian year (ending March 20, 2015). However, the rental…
The government will pay 13 trillion rials ($481 million at official exchange rate) to the industrial sector by the end of this year, deputy minister of industry, mine and trade said. The subsidies…
Iron ore concentrate production during the first eight months of the current Iranian year (March 21-November 21) hit 16.85 million metric tons, indicating a 5% increase compared to the same period…
The Iran Mercantile Exchange (IME) recorded a drop of between 2 to 16 percent in prices of various polymers during Monday’s trade, with polystyrene registering the biggest slump, IME’s public…
Soon after President Hassan Rouhani took office in August 2013, his minister of communication and information technology pledged major reforms to the ICT sector both in terms of the quality and…
Investor's overreactions calmed on Monday at the Tehran Stock Exchange (TSE) with the overall index rallying at its best since November 8, after market activists digested the dovish policy of the…
