Economy

A s foreign investors focus on new opportunities in Iran’s capital market, two companies from the United Kingdom are negotiating with Iran Investment Company (IIC), Tasnim news agency quoted ICC…

The head of iron and steel union says the low consumption of steel products has caused declines in the prices of reinforcing bars and iron beams, ISNA reported. The downturn in the market has…

The Producer Price Index (PPI) increased by 14.8 percent by the end of Esfand (12th month in the Persian calendar ending on March 20) compared to the same month last year, according to the latest…

Suitcase trade between Iran and the Commonwealth of Independent States (CIS) during the past Iranian calendar year (ended March 20) stood at $82.81 million, indicating a 18.38% decline…

The first session of Iran-France Joint Agricultural Committee is scheduled to be held late May, according to director of international affairs at Iran’s agriculture ministry, Houman Fathi.

Opuntia ficus-indica is a species of cactus that has long been a domesticated crop plant important in agricultural economies throughout arid and semi-arid parts of the…

Noting that a number of foreign aircraft manufacturing companies have visited Iran over the past one year in a bid to assess the capacities in aviation industry, deputy minister of roads…

Head of Iran’s Trade Development Organization (TPO) Valliollah Afkhamirad, announced on Friday that Iran and Venezuela have sealed a deal on barter trade, inviting the Iranian food and medical…

According to figures published by the Islamic Republic of Iran Customs Administration (IRICA), $700 million worth of carpets were exported over the past Iranian calendar year (ended March 20),…

The administration supports the idea of decreasing deposit rates from maximum 22 percent now, said Mohammad Bagher Nobakht, the president’s adviser for supervision and strategic affairs.

The harm done by unauthorized credit institutions within the banking network has gone so far that the Supreme National Security Council (SNSC) has now gotten involved in the process to enhance the…

Lending to businesses has rocketed in the past year. Although banks are still suffering from toxic debt, efforts by the central bank seem to have borne some fruit. Not only has lending jumped, but…

It is high time for Iran Chamber of Guilds to set up a bank of guilds, an official in the ministry of industry, mine and trade said, as reported by IRNA on Wednesday.

Minister of Cooperatives, Labor and Social Welfare Ali Rabiei arrived in Baku on Wednesday for a three-day official visit.

The minister of agriculture predicted that 11 million metric tons of wheat will be produced by the end of the Iranian calendar year (started March 21), considering the 20% decline in the import of…

Lack of cooperation from Turkish border officials in easing the admission process of Iranian transit trucks has resulted in a long line of 750 transit trucks at Barzargan border checkpoint (in…

Sericulture, or silk farming, is an important cottage industry adopted in many countries for production of raw silk through rearing of silkworm.

Government spokesman Mohammad Bagher Nobakht said on Tuesday that the government has drafted an alternative budget scheme for the current Iranian year (started March 21) in the event of  a…

Masoud Nili, senior advisor to President Hassan Rouhani for economic affairs, believes the framework nuclear agreement announced between Iran the P5+1 countries in the Swiss city of Lausanne on…

The government aims to increase revenues from non-oil exports, including the export of services, to $77 billion by the end of the current Iranian calendar year (started March 21), IRNA reported on…

The Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) said the cabinet has approved of providing tax breaks for value-added tax (VAT) to the insurance fund of…

The Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) said more than 25.7 million metric tons of iron ore concentrate was produced during the past Iranian…

The Central Securities Depository of Iran (CSDI) is gearing up to provide essential infrastructure to help globalize Iran's equity market, SENA reported.

In spite of positive speculations about the economic outlook, stocks underperformed and pushed the TSE's overall index to settle in red at Wednesday close.

Various grades of bitumen have been listed on the export trading floor of the Iran Mercantile Exchange (IME) on an almost daily basis since the beginning of the new Iranian year, which started…