Monetary discipline enforced by the government in the wake of recent volatilities in the market has brought tranquility and stability into the market, according to President Hassan Rouhani’s Chief…
Economy
Iran economy news, Get the latest news about Iran economy, trade, growth prediction, agriculture, transport, aviation, infrastructural developments and investment opportunities.
Iran has the capacity to increase its non-oil exports to $70 billion by the end of the current year (ending March 20, 2015), Asadollah Asgaroladi, head of Tehran’s chamber of commerce,…
Iran has agreed not to seal fuel tanks of Turkish trucks crossing the Iranian border anymore. Iran has also agreed to let Turkish trucks cross the border by only paying regular tolls, Behzad…
The National Iranian South Oilfields Company has finalized a tripartite contract with a steel company and an oil pipeline company to build 280 kilometers of pipelines, IRNA quoted an NISOC…
One of Iran’s major carmakers says it has held serious negotiations with a German economic delegation, which is also a member of the German Near and Middle East Association (NUMOV), with the aim…
Sunday’s trade included various commodities from 30 Iranian and foreign suppliers on the spot market at the Iran Mercantile Exchange (IME) for potential customers, the IME’s public relations and…
Tehran Stock Exchange continues to go through its fresh bearish trend amid the oil price freefall. Yet again, investors' overreaction drastically dragged down the benchmark at Sunday's close.
The Food and Agriculture Organization of the United Nations (FAO) announced that Iran’s total grain production within the current crop year (ended October 23), have recorded a 900,000-ton decrease…
A private consortium has won the tender to exploit the 5th phase of Golgohar mine in Kerman Province. The tender was launched aimed at developing mines across the country by making best use of the…
The US Department of Justice is tightening the screws on banks that knowingly or unknowingly circumvent US and international sanctions against Iran and several other countries. The settlements,…
The representative for the towns of Khalkhal and Kowsar in the parliament, Jalil Jaafari, has said that a special economic zone will be set up in the northern Ardebil Province.
The deputy governor for banking supervision at the Central Bank of Iran criticized recent attacks against the involvement of banks in non-banking activities, saying that the criticism has…
The capital of commercial banks is likely to be raised by $5 billion from the resources of the National Development Fund of Iran (NDFI), the deputy for parliamentary affairs of the vice presidency…
The 15th exhibition on research and technology kicks off on Sunday in Tehran’s Permanent International Fairground, IRIB reported on Saturday. The four-day event will be attended by the new…
An official has announced that 36 kilometers of the Gorgan railway, which is part of Gorgan-Inche Boroun-Turkmenistan railway project, will be renovated in the near future. President Hassan…
To encourage milk consumption in the country, the government has commenced distribution of free milk in schools, President Hassan Rouhani said in Iran Dairy Product Company on Friday, IRNA…
Ten employment websites have been launched to ease employment procedures, Hassan Taie, the deputy minister of cooperatives, labor, and social welfare said, as reported by ISNA on Saturday.
The free movement of money across the borders of states, which is a familiar practice in some western countries, is at odds with legislators and policy makers in Iran.
It is indicated in the budget bill submitted by the Iranian government to the parliament that next year we may expect a balanced budget. The government revenues would be 2,673 trillion rials, 3.8…
More than 240 major national projects are set to become operational by yearend (March 21, 2015), Mohammad Bagher Nobakht, vice president for strategic planning and supervision said in a meeting…
The value of ‘suitcase trade’ – purchasing consumer goods where prices are low and later selling them elsewhere for profit – in the first eight months of the current year (March 21-Novemebr 21)…
An Iranian petrochemical company will export its first shipment to Europe after a few years of hiatus in exports due to US-led sanctions over Tehran’s nuclear energy program, reported iribnews on…
Heavy profit-taking pressure coupled with lingering uncertainties surrounded the equity market and pushed stocks to experience a fresh downturn since November 15, wiping out a batch of gains made…
A local industry official said that 33 mines have became operational, with estimated mineral reserves of 716 million tons in total, since the beginning of the current Iranian year (started March…
Competition among the rebar (reinforcing bar) producers to grab more market share has caused the prices to drop between 50 to 150 rials per kilogram in the steel market, Fooladnews reported…
