Despite western sanctions, Iran’s civil aviation industry has grown relatively in recent years, industry officials often claim.
Regardless of all the dire troubles that it has…
Economy
Iran economy news, Get the latest news about Iran economy, trade, growth prediction, agriculture, transport, aviation, infrastructural developments and investment opportunities.
Iran will need at least 800 thousand new jobs annually if economic growth reaches 7 percent and if the business environment remains sustainable, Hassan Taei, the deputy minister for labor, told…
A conference on investment opportunities in the western province of Lorestan will be held in Dubai in the coming weeks, Chairman of Khorramabad Chamber of Commerce, Industries, Mines and…
Some 90 percent of rural roads in Iran have been paved since the 1979 Islamic Revolution and the rest are to be paved in the near future, Hossein Mirshafi, the deputy minister of roads and urban…
The Iranian Rail Industries Development Company (IRICO) has renovated a hundred locomotives belonging to Iran Railways Company, the production director of IRICO, Mohammad Reza Kamali-nejad, said…
The price of Iranian exports has dropped year-on-year, thus making them more competitive. The Export Price Index fell by 2.9 percent in the first seven months of the current fiscal year compared…
The banking sector’s outstanding loans have risen markedly for the past two years. Of all the loans given, most have gone to the private sector and a smaller portion to the government.
The Iranian insurance industry will face challenges in the next few years that would hinder its growth, as the market is heavily controlled by the state through the regulator Bimeh Markazi or the…
The government’s attempt to curb the inflation and create a sustained increase in the general price level have been successful, but they won’t bring about satisfactory results for households until…
The reserves of the National Development Fund of Iran (NDFI) now stands at $70 billion, announced the deputy of the fund on Thursday after a large span of time that no official provided…
Close to 414,000 tonnes of various commodities, worth almost 7.8 trillion rials were traded on the spot market at the Iran Mercantile Exchange (IME) in the week ending November 19, the IME’s PR…
Venezuela’s Cerro Azul cement factory, developed by Iran, has begun production of high-quality clinker, reported IRNA.
Following the trial production in September, the factory…
The first iron ore pelletizing complex owned by the private sector will be inaugurated by March 2015, reported IRNA.
As many as six contractors and 230 people are working on the project,…
The ministry of industry, mine, and trade sent a proposal to the government to be approved based on which the manufacturers and owners of electric and hybrid cars would be given incentives,…
The Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) said the gold extracted from Zarshooran gold mine will be offered at the Iran Mercantile Exchange (IME) for…
After six weeks of rallies at the Tehran Stock Exchange, the benchmark pulled back amid ongoing uncertainties as well as newly-debuted shares within the week ending November 19, to broadly wipe…
Iran’s steel production in 2014 exceeded 13.5 million tons by the end of October, demonstrating a 6.5 percent hike compared to the same period last year, announced the World Steel Association. The…
The government is on a daily basis spending 1,500 billion rials in cash handouts saved through its annual earnings from the implementation of the Subsidy Reform Plan, said Deputy Minister of…
Economic ties with neighboring countries must be prioritized since it is an area least influenced by big powers, Secretary of Free Trade Zones Coordination Council Akbar Torkan said on Tuesday.
It’s winter again in the Iranian capital and that means pollution is on the rise.
The parliament speaker has criticized the overreliance of the economy on oil sales, saying that dependence on oil and gas revenues has impeded economic growth, as Shana reported. Speaking in…
If nuclear negotiations between Iran and the six world powers known as the P5+1 are finalized by November 24 deadline, Boeing Company will seek an extension from the US government to sell…
Trade between Iran and Russia may soon increase from the current $1.7 billion to $3 billion, Alexei Pushkov, the chairman of the International Committee of the Russian State Duma’s lower…
More than 60,000 tons of iron ore at the base price of $33 per ton was offered by Mishdovan Iron Ore Complex on the export trading floor at the Iran Mercantile Exchange on Wednesday, IME’s public…
Iran Khodro Industrial Group (IKCO) has manufactured more than 365,000 sedans and pickups during the 8 months that ended November 18. The figure accounts for the total production of the giant…
