The 21st International Exhibition of Packing and Printing Machinery will kick off on December 27 in Tehran, reported IRNA. Over 450 companies from Iran and 15 foreign countries will attend the…
Economy
Iran economy news, Get the latest news about Iran economy, trade, growth prediction, agriculture, transport, aviation, infrastructural developments and investment opportunities.
Construction on Tehran heights is not a very new phenomenon. In recent years, certain factors such as surge in prices of land in the city have shifted the attention of builders to green spaces,…
The main responsibility of the Central Bank of Iran (CBI) at the present time is to “overcome the galloping inflation inherited from the former government”, President Hassan Rouhani told in the…
India has decided to launch a ‘reverse special economic zone’ in Iran, India’s Minister of Chemicals Fertilizers, Ananth Kumar, said on Wednesday as reported by IRNA. The Indian initiative refers…
The administration is planning to reduce the market exchange rates, since it does not regard the current one as valid, Mohammad Baqer Nobakht, vice president for planning and strategic supervision…
The Minister of Roads and Urban Development, Abbas Akhoundi, said on Wednesday that Iran’s road system requires a complete overhaul in order to keep up with population growth and increasing the…
The total amount of the loans to be paid by the small industries guarantee fund to the manufacturing units will increase from the current 10 billion rials ($371,000 at official exchange rate) to…
Around 60 percent of Bank Melli’s funds are inaccessible, said the bank’s CEO Abdonnaser Hemmati, as he explained the cause for the blockage.
Melli has one quadrillion rials ($28.5 billion…
The dollar reached a 1-1/2 year high on Wednesday as stocks slipped further and oil prices sent investors scurrying for the cover of foreign currencies.
PC sales have declined by 2 percent in 2014, with sales remaining flat to slightly negative for the next five years, according to a new research document by the International Data Corporation (IDC…
In a joint letter to the Central Bank of Iran, the CEOs of public and private banks asked the CBI governor to intensify the bank’s supervision over the performance of banks and credit institutions…
The director of the National Development Fund of Iran (NDFI) rejected recent reports that the government has illegally withdrawn around $4.1 billion from the fund’s account.
The job market has not much benefited from the loans granted by commercial banks, Minister of Cooperatives, Labor and Social Welfare Ali Rabiee said.
Minister of Roads and Urban Development, Abbas Akhoundi, has urged the private sector to play a more active role in the development of ports, saying that despite some financial restrictions the…
The government has more than 75,000 unfinished infrastructure projects in hand, completion of which would require around 4,170 trillion rial ($154 billion at official exchange rate) in investment…
Since the discovery of the first oil well in Masjid Suleiman in 1908, Iran has produced over 100 billion barrels of crude oil. In the meantime, although efforts to develop and industrialize the…
The ministry of agriculture has banned setting up of new poultry units across the country. Hassan Rokni, a deputy minister, argues that the government prefers to help improve the quality of the…
The small industrial units shut down over the past few years due to economic hardships will resume activity, Mohammad Ail Seyed Abrishami, the CEO of the Iranian Small Industries and Industrial…
The government is planning to handle oil price fluctuations by managing the allocation of financial resources, Government Spokesman Mohammad Bagher Nobakht said in a news conference after Tuesday’…
The high interest rate currently offered by the commercial banks will in the long-term have a negative impact on the economic activities in the country, Hassan Taei, the deputy minister of…
The new chairman of the Securities and Exchange Organization (SEO) says he will throw his support behind stock market traders and activists in a bid to reinvigorate the first market.
Week’s last trading day saw various agricultural commodities listed on the board, including soybean meal, corn, sugar, and cubic sugar for being traded on the agricultural floor at the Iran…
Recent studies by the ministry of roads and urban development has revealed that housing price fluctuations in the past 17 months has been of a descending order. In fact, since its last climax of…
The Tehran Stock Exchange’s benchmark recorded a fresh record low within the past 14 months at Wednesday’s close, amid brittle economic state that has underscored the persistent shaky sentiment of…
More than 51,000 tons of aluminum ingots have been exported by Almahdi Hormozgan Aluminum Company since the beginning of the Iranian calendar year (March 21, 2014), IRIB reported on Wednesday.
