As part of its broader policy to widen economic rapprochement with its neighbors, Iran is resolute to expand trade ties with Qatar, Mohammad Reza Nematzadeh, the minister of industry, mine and…
Economy
Iran economy news, Get the latest news about Iran economy, trade, growth prediction, agriculture, transport, aviation, infrastructural developments and investment opportunities.
Minister of Communications and Information Technology Mahmoud Vaezi on Wednesday called for the expansion of ties between the private sectors of Iran and Azerbaijan, saying that with further…
More than 528,000 metric tons of commodities were offered on the spot market at Iran Mercantile Exchange (IME), reported IME’s public relations and international affairs office on Tuesday.
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The serious crisis faced by the steel sector during the past Iranian calendar year (ended March 20, 2014) resulted in the closure of 40% of small-scale iron ore mines across the country,…
The Iran Mercantile Exchange said it was considering the import of scrap iron from the Commonwealth of Independent States (CIS) through the Interexchange Electronic Union (IEU), reported IME’s…
After 5 days of steady downtrend that resulted in more than 5 percent slump in the equity market’s benchmark, the Tehran Stock Exchange (TSE) initiated crawling up to recover a small chunk of the…
The Securities and Exchange Organization (SEO) has criticized the banks for offering interest rates of higher than 22% - as instructed by the Central Bank of Iran (CBI), reported MNA on Tuesday.…
In a bid to attract foreign investment especially in industrial sectors around Tehran province, the Industry, Mine and Trade Organization of Tehran has organized a conference on developing…
An integrated strategic document for state-owned banks has been devised by the ministry of economic affairs and finance, announced the advisor of the economy minister for strategic management,…
A ministerial directive has instructed Iran Insurance Company to enhance the capacity of the insurance market by covering unknown risks that may be faced by the national economy, said Mojtaba…
Current fluctuations in the currency market are short-lived as the government is recommended to cautiously intervene in the market, Hamid Zamanzadeh, a researcher at Iran’s Monetary and…
Iran’s startup web companies have come on leaps and bounds in the past twelve months. This week the Iranian Website News Agency highlighted a new startup called Kadokado.ir (originating from the…
Merchants can now exchange their foreign currency earnings at free market rates, partially easing trade and preventing cronyism.
The National Development Fund of Iran (NDFI) can invest 10 percent of its incoming money in specialized banks from now on. The sovereign wealth funds’ reserves can then be paid as foreign currency…
Iranian exporters doing business with Russia are entitled to make use of the facilities provided by the Russian-based Iranian Mail Business Bank , Mojtaba Khosrowtaj, the deputy minister of…
Iranian and Qatari ministers of labor on Tuesday signed a memorandum of understanding (MoU) in Tehran under which Iranian workers will be sent to Qatar, IRNA reported.
The MoU also calls…
Iran’s cigarette market is inundated with smuggled cigarettes due to enormous demand in the country for foreign brands as well as a ban imposed by the government on cigarette imports.
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Tunisia is poised to expand economic ties with Iran, Najib Houli, the head of the Tunisian chamber of commerce said in a meeting with members of Fars chamber of commerce in the provincial capital…
The government is planning to provide knowledge-based firms with cheap land in the industrial parks, Golamreza Soleimani, the deputy of Iran Small Industries and Industrial Parks Organization (…
Turkey does not allow Iranian trucks to cross the border, while Iran still lets Turkish trucks enter the Iranian territory if their drivers agree to seal their vehicles’ fuel tanks, Mohammad Javad…
The second phase of a plan to raise bread prices nationwide will be carried out soon, Mojtaba Khosrotaj, the deputy minister of industry, mine and trade, said on Tuesday. Under the new phase, the…
In his message to the fourth international and eighth national conference of technology management (IRAMOT 2014), the minister of science, research and technology said that the ministry seeks to…
The governor of the Central Bank of Iran warned banks not to stand in the way of the government in reaching its goals towards curbing inflation and promoting economic growth.
Referring to…
New commercial banks must be opened in free trade zones (FTZs) if we are to attract future investors, Managing Director of Aras Free Zone, Mohsen Khadem Arab-baghi, said on Sunday, IRNA reported…
The chairman of the board and CEO of Bank Keshavarzi (Agriculture Bank) said his institution is attempting to boost the bank’s capital and is in desperate need of government’ support, Banker.ir…
