Shortage of raw materials, caused by a sharp decrease in cotton production, has been the textile industry’s main challenge during the past few years, ILNA quoted Alimardan Sheibani, deputy…
Economy
Iran economy news, Get the latest news about Iran economy, trade, growth prediction, agriculture, transport, aviation, infrastructural developments and investment opportunities.
Farhad Nili, Head of monetary and banking research institute (MBRI), affiliated to the Central Bank of Iran, outlined the seven major challenges facing the Iranian economy during a ceremony held…
By virtue of Article 3 of the Planning and Budget Law (approved in 1972), and in accordance with the basic policies of the 'resistance economy' declared by the Leader on February 18, 2014, the…
Deposit rates will be lowered as of Dec. 22, the Central Bank of Iran announced on Saturday. The bank has also banned the provision of financial services to unauthorized financial institutions.
Iran’s first online business-to-business, consumer-to-consumer and business-to-consumer website has been unveiled. Called Wejoo the site touts itself as Iran’s first online marketplace where…
The General Inspection Office of Iran (GIO) will increase its oversight on state-owned lenders as most wrongdoings reported recently in the media have been carried out in the banking system, says…
Minister of Roads and Urban Development, Abbas Akhoundi, said on Saturday that leasing in the aviation industry is prohibited, warning that airlines operating with rented aircraft will not be…
The Rouhani government pays a great deal of attention to the supply side of the economy. However, for the sake of its own survival and that of economic growth, it should do more to spur a fresh…
About 700 kilometers of rural roads have been asphalted in the current year – which started March 21 – in collaboration with rural communities, Seyed Hossein Mirshafi, the deputy of roads and…
In the first eight months of the current year (March 21-Novemeber 21), 5.11 million tons of wheat were imported to the country, registering a 154 percent growth compared to last year, ECO News…
The vice presidency for strategic planning and supervision has required the ministry of economic affairs and finance to enforce 10 major programs in a bid to pave the way for the implementation of…
Agricultural trading floor played host to 100 tons of white sugar, priced 20,500 rials per kg, 1,150 tons of local corn at the base price of 8,500 rials, and 25 tons of Russian barely, valued 9,…
Seesawing between small gains and losses on Saturday, the Tehran Stock Exchange (TSE)’s main index (TEDPIX) pulled out of red territory, edging up to trigger a new series of rallies, although the…
The production of copper cathodes during the first eight months of the Iranian calendar year (March 21-November 21) reached 129,369 metric tons, according to a report by the Iranian Mines and…
Iran Energy Exchange (IRENEX) said the lack of liquidity has prevented the IRENEX from reaching the projected two-trillion-rial monthly trades, reported ILNA.
Turkey, Egypt, and Vietnam have imposed high tariffs on Chinese crude steel and steel products. There also have been similar calls by steelmakers in the Arab countries in the Persian Gulf region.…
The value of trade between Iran and the 28 members of the European Union in October has witnessed a 37 percent increase compared to the corresponding period last year, Tasnim news agency reported…
Chairman of Iran-China Joint Chamber of Commerce Asadollah Asgar-Oladi said that China has to finance several Iranian projects and continues to do so.
"We agreed to receive our money in the…
Investments worth $1.3b have been made in the ports and maritime sectors since the current government took office despite restrictions and problems facing the country, said the roads and urban…
The Central Bank of Iran has dismissed claims that the government is justifying the budget by manipulating the foreign exchange rates, according to an announcement published on the CBI website…
The Azadi bullion coin steadied below the 10 million rial per coin mark on Thursday after a four-week rally amid fears of economic hardships due to plummeting oil prices.
“The gold…
The domestic steel industry has failed to achieve the 5-million-metric-ton increase in annual production set for the current Iranian calendar year (started March 21), said the chairman of the…
The French auto manufacturer Renault said its Iran sales in 2014 indicate a 16% decrease compared to 2013, despite the lifting of sanctions on car imports to Iran, reported Tasnim news agency on…
The week’s trade at the Iran Mercantile Exchange (ended on December 17) recorded more than 412 and 76 percent hike in copper trade volume and value, respectively, IME’s public relations and…
The new chairman of the Securities and Exchange Organization, Mohammad Fetanatfard, has underlined tackling serious challenges facing the listed industries at the equity market as his main concern…
