Household expenditures in urban areas increased by 31.4 percent last year (ending March 2014) compared to a year earlier, a new report by the Central Bank of Iran revealed.
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After 21 months, a new rolling mill production unit, which was an Iranian –Kuwaiti joint venture, came on stream, officials familiar with the project said.
The Rouhani administration seriously pursues shifting the country’s economic system from the current resource-based economy to a technology-based one and afterwards to an innovation-based…
Attempts have to be made to amend the distribution of tobacco products, head of planning and supervision center of Iran’s tobacco products told IRNA on Saturday.“The distribution of tobacco…
The Iran Mercantile Exchange had a bustling trading day, as 8 local suppliers offered various petroleum commodities on the export trading floor, IME’s public relations and international affairs…
Iran’s Small Industries and Industrial Parks Organization (ISIPO) has announced the list of provinces with best performance in terms of productivity in their industrial parks, reported IRIB News…
The domestic steel market experienced modest fluctuations during the week ending November 6, mainly as a result of the cold weather covering many parts of the country, reported Fooladnews.
On the first weekday, over-the-counter (OTC) market witnessed drops of 0.2 percent to 2.5 percent in mortgage bond prices, reported Tasnim news agency. Some 209 million bonds were traded during…
The recent decision by the Expediency Council regarding central bank governor’s election and terms of office has drawn criticism strong from a group of lawmakers, Tasnim news agency reported.
The ministry of roads and urban development has established a research center and has tasked it with conducting comprehensive studies on economic, transportation and housing affairs, IRIB reported…
Economists define two types of functions for public institutions which either manifest themselves in the form of budget policies or monetary policies.
The government does not aim to block social networks, announced the minister of communications and information technology on the sidelines of a cabinet meeting earlier on Wednesday.
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A special fund will be established to provide liquidity for the manufacturing units, according to the head of parliament’s special committee for supporting national production.
The move is…
Bank Keshavarzi gave farmers over 1.8 trillion rials ($55 million based on market rate) in loans in the past four months to buy machinery. The loans have 17 percent interest rate and an average…
The change in the producer price index (PPI) dropped to 19 percent year on year in the month of Mehr (September 23-October 22), the smallest amount since the fiscal year started on March 21,…
Foreign investors can now own up to 51% of Iran’s car companies, minister of industry, mine and trade, Mohammadreza Nematzadeh, suggested on Friday.
Around 10.2 million tons of wheat was harvested from a total 3.08 million hectares of land since the beginning of the current Iranian year (started March 21, 2014). The number indicates a 10…
The north-eastern province of Khorasan Razavi exported about 1.3 million tons of goods worth more than $1 billion in the first seven months of the current year (March21- October 22, 2014), Ali…
Increasing the construction of housing units seems to be the only way to eliminate middlemen and their minions from the housing market, Hamed Ghadermarzi, a member of the civil construction…
Iran is resolved to broaden its economic relations with the world, minister of economic affairs and finance, Ali Tayebnia, said on Friday.
The transit fee spat facing trucks carrying goods between Iran and Turkey has hampered export between the two countries at Bazargan border, the Chairman of Iran-Turkey Joint Trade Commission Reza…
An official in the ministry of industry, mine and trade said that World Bank’s (WB) figure of -16.4 percent growth for Iran’s industrial production was only an estimate and not an official figure…
The High Assembly of Workers’ Representatives has called on the relevant labor officials to improve transparency in the terms of temporary contracts and the calculation of unemployment termination…
Iran’s second largest carmaker, Saipa, has said it would unveil 13 new products by March 2016, 70% of which will carry Saipa brand and will mainly be made of domestically manufactured auto parts,…
In the week ending Nov. 5, 258,000 tons of various commodities worth 5.68 trillion rials were traded on the spot market of the Iran Mercantile Exchange (IME).
