As little as 10% of the national budget, i.e. less than 400 trillion rials ($4.87 billion), are spent on the development of infrastructures and the rest goes to operational expenditures such as…
Economy
Economy
More than $29 million worth of vacuum cleaners were imported into Iran from 14 countries during the last Iranian year (March 2017-18), data released by the Islamic Republic of Iran Customs…
Economy
Iran traded 298,616 tons of non-oil commodities worth $128.23 million with Egypt during the first four months of the current fiscal year (March 21-July 22). According to the latest data…
Economy
Two major banks have been allowed by the Central Bank of Iran to offer certificate of deposit (CD) at interest rates higher than the current ceiling, reinforcing months-long speculations that…
Economy
Iran’s Guardians Council ruled an anti-money laundering bill passed by the parliament to be inconsistent with the Iranian Constitution and Islamic law, sending it back to the legislature for…
Economy
The governor of the Central Bank of Iran, who took the reins of the policymaking body late last month, has outlined his top priorities for solving the problems and instilling stability in the…
Economy
Extending apologies for the prolonged delay in the delivery of presold units of the SUV model Peugeot 2008, Iran Khodro, the local partner of the French automotive company, has announced that…
Economy
The Producer Price Index for the sector of “Farming, Horticulture and Traditional Husbandry” in the 12 months ending June 21, which marks the end of spring, increased by 14% compared with last…
Economy
The Civil Servants Pension Fund is planning to cede either portions of its shares or total ownership in 99 of its subsidiaries, most of which are underperforming and bleeding cash.
Economy
The construction of a new terminal at Ardabil Airport, located in the northwestern Ardabil Province, has made 99% progress and will soon become operational, the director general of Ardabil…
Economy
Colza production in Iran since the beginning of the current Iranian year (started March 21) has reached 355,000 tons, which marks a 30-year high, the director of Agriculture Ministry’s “National…
Economy
The 27th Iran Handmade Carpet Exhibition is scheduled to open at Tehran International Permanent Fairground on August 25.
According to the official website of the event at www.idro-fairs.…
Economy
Tehran Stock Exchange’s main index gained 1,059.06 points or 0.81% on Saturday to end trading at 131,536.
About 1.23 billion shares valued at $35.19 million changed hands at TSE for the…
Economy
A counter-corruption parliamentary commission has submitted its findings on 31 of the largest bank loan defaulters to the judiciary, as the crackdown on corruption intensifies, the head of the…
Economy
One of the biggest missions of President Hassan Rouhani’s administration is to implement its urban revitalization plan for reducing distressed urban areas and improving the quality of life of…
Economy
While the foreign exchange rates are still considered bullish by most observers, both officials and businesspeople expect the market to stabilize in the coming days, as the latest rescue package…
Economy
Hysteria reigned supreme after the first round of US sanctions were reinstated against Iran over the past week.
War scenarios abound, and yet the key aspect of the economic war…
Economy
Iraq’s ties with Iran are likely to grow stronger as a result of renewed US economic sanctions on Tehran.
Iran is Iraq’s second-largest trading partner after Turkey, supplying everything…
Economy
German rail operator Deutsche Bahn and Deutsche Telekom are ending projects in Iran after Washington imposed new sanctions against Tehran and said firms doing business with Iran would be barred…
Economy
Uncertainties caused Tehran stocks to pull the brakes last week on a rally that lasted for most of the month and boosted shares to new highs.
In fact, the trading week that ended…
Economy
The eastern city of Mashhad in Khorasan Razavi Province is hosting five international exhibitions these days.
Economy
The ATR 72-600 planes recently delivered to Iran Air have become operational, with one making its debut flight on domestic routes from Tehran to Mashhad on Friday.
Economy
Iran traded 371,876 tons of non-oil commodities worth $508.04 million with Italy during the first four months of the current fiscal year (March 21-July 22), registering a 40.12% growth in…
Economy
New Zealand exporters are looking to worsening US-Iran relations with trepidation, as they seek to revitalize trade with the second largest economy in the Middle East.
Iran was once an…
Economy
The recent ban imposed on the import of certain products has caused serious problems for countries wishing to continue trade with Iran, despite United States' sanctions.
Economy
