Economy
Iran economy news, Get the latest news about Iran economy, trade, growth prediction, agriculture, transport, aviation, infrastructural developments and investment opportunities.
May 31, 2019 17:33
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November 15,2019More than 2.26 billion transactions worth 2,534.9 trillion rials ($22.5 billion) were processed through Shaparak, Iran’s payment settlement network, during the last calendar month to October 22.... -
November 15,2019Purchasing Managers' Index for the seventh month of the current fiscal year (Sept. 23-Oct. 22) settled at 50.97 from 50.43 in the preceding month (Aug. 23-Sept. 22), indicating a 0.54-point or 1.07... -
November 15,2019Currency rates in Tehran’s market have been rising since last week after more than three months of relative calm. The US dollar changed hands for about 116,500 rials on Thursday, up 40,000 rials... -
November 15,2019New US sanctions and major reinsurance companies' aversion to play their proper role has deprived the country of the ability to transfer major risks outside its borders and to the top international... -
November 15,2019Qazvin hosted a tech and startup event on Thursday as part of efforts by the organizer of Iran Web and Mobile Festival to promote fledgling firms based outside Tehran. The festival’s cofounders,... -
November 13,2019Using one-time password is expected to significantly reduce the possibility of phishing attacks, says the governor of the Central Bank of Iran. Abdolnasser Hemmati said the OTP is expected to... -
November 13,2019Addressing concerns over high electricity prices for legal crypto mining operations, Iran's Ministry of Energy said Wednesday that it has modified the tariffs for authorized miners based on the... -
November 13,2019The main index of Tehran Stock Exchange TEDPIX gained 438.76 points, or 0.14%, on Wednesday to end trading week at 307,094.1. About 2.21 billion shares valued at 11.55 trillion rials ($100.92... -
November 13,2019The Money and Credit Council approved the outlines of a plan to streamline policies and procedures for recapitalization of manufacturing units. Proposed by the Central Bank of Iran, the plan is...
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November 13,2019The National Iranian Copper Industries Company and its subsidiaries, including Sungun Complex, Miduk Complex and Sarcheshmeh Copper Complex, produced an aggregate of 691,381 tons of copper... -
November 13,2019A total of 2,654 hectares of greenhouses were constructed and 539 hectares were renovated in Iran in the last Iranian year (March 2018-19). -
November 13,2019With a total of 1.08 million tons of exports during the first seven Iranian months (March 21-Oct, 22) and 82,296 tons in the seventh month (Sept. 23-Oct. 22), Khouzestan Steel Company was Iran's... -
November 13,2019The online enrollment for the government-backed housing development project, the so-called “National Housing Project” started on Saturday. However, the question which has not been clearly answered... -
November 12,2019Insurance companies generated 66 trillion rials ($584 million) from life insurance policies in the last fiscal year (ended March 2019), indicating 42.3% increase compared to the year before. As... -
November 12,2019In line with the government's efforts to upgrade ICT infrastructure throughout Iran, several projects worth 1.8 trillion rials ($15.6 million) were inaugurated in the central province of Yazd on... -
November 12,2019Data from the Central Bank of Iran shows lenders are working to cut extra and unwanted branches over the past two quarters. Banks and credit institutions shuttered 438 branches since the... -
November 12,2019The residential rent index in Iran's urban areas (using the Iranian year to March 2017 as the base year) stood at 151.9 in summer, the second quarter of the current Iranian year (June 22-Sept.22),... -
November 12,2019Iran exported 15.8 million tons of mineral products worth $3.89 billion during the first half of the current Iranian year (March 21-Sept. 22) to register a 27.3% and 11.7% growth in tonnage and... -
November 12,2019President Hassan Rouhani inaugurated Baft Steel Company’s new direct reduction iron plant on Monday during a visit to Kerman Province. The DRI production plant has an annual capacity of 800,000... -
November 12,2019Iran's non-oil foreign trade (except for crude oil, mazut, kerosene and exports via suitcase) during the first seven months of the current Iranian year (March 21-Oct. 22) stood at $49.57 billion,... -
November 12,2019The Seventh UIC (International Union of Railways) Nextstation International Conference, hosted by the Islamic Republic of Iran Railways and organized by UIC, is being held in Iran. The event... -
November 12,2019Tehran stocks closed trading in positive territory on Tuesday amid rising demands for equities mainly in bank, chemical, auto and base metal group. -
November 11,2019A monthly report by the Central Securities Depository of Iran shows that the value of exchange-traded funds crossed 184 trillion rials ($1.6b) by the end of the last calendar month to October 22... -
November 11,2019Iran has 55 billion tons of mineral reserves, about 33 billion tons of which are proven, according to the head of Geological Survey and Mineral Exploration of Iran. Alireza Shahidi added that 450... -
November 11,2019The 132-km-long Mianeh-Bostanabad railroad, part of a bigger Mianeh-Tabriz rail project connecting East Azarbaijan Province to the national rail network, is scheduled to be inaugurated by President...
