I ron ore has been among the hardest hit industrial commodities, with global prices falling more than a quarter this year and Iran’s export of the raw material in 2014 reaching its lowest in…
Economy
Economy
More than 56 hectares of land is currently under saffron cultivation in the western province of Kermanshah, which shows a notable growth compared to two years ago when merely 6 hectares of land…
Economy
Plastic production reduced six percent during the first nine months of the current Iranian calendar year (March 21- December 21, 2014), due to lack of raw materials, Nasrollah Reza-Zadeh, the head…
Economy
The Iranian Apparel Exhibition will be held on February 1-4, to coincide with the Turkish Textile and Garment Fair in Tehran, Valliolah afkhamirad, the deputy minister of industries, mines, and…
Economy
An Iranian trade delegation, led by head of Tehran’s Chamber of Commerce, Industry, Mines and Agriculture Yahya Al-Es’haq, which had traveled to Spain on Monday to take part in an economic…
Economy
In a meeting between Azerbaijani President Ilham Aliyev and Iran’s Minister of Economy and Financial Affairs Ali Tayebnia in Baku, President Aliyev underlined the importance of the so-called North…
Economy
Over-regulation in the textile industry and unfair competition between Iranian and Turkish companies have led to a drop in textile production, Alimardan Sheibani – vice president of textile…
Economy
Central banks of Iran and Azerbaijan plan to expand financial ties. Iran’s Economy Minister Ali Tayebnia met with the governor of Azerbaijan Central Bank Elman Rustamov in Baku. Both officials…
Economy
Banks are traditionally considered as a place of confidence and their whole business revolves around it. You expect your bank to take good care of your money and while taking reasonable risk, you…
Economy
Iran’s economic freedom score is 41.8, making its economy the 171st freest in the 2015 Index.
Economy
The Central Bank of Iran (CBI) holds 770 trillion rials ($28 billion at official exchange rate) of commercial lenders’ assets as reserve requirement.
Economy
Caviar production in Iran has not yet reached the objectives set by authorities in previous years.
In February 2013 Iran’s Fisheries Organization Director Gholamreza Razeqi stated total…
Economy
Lower oil prices will have a negative effect on Iran’s economic and financial systems in the next Iranian year, Business Monitor International predicts.
Economy
A new online startup based in Tehran aims to tackle office inefficiency and communications with their new online platform. The new online platform called Taskulu attempts to tackle inefficiency in…
Economy
Commercial banks in Iran invest 18 percent of their net profit on IT services each year, while the global figure is about 35 percent, an expert said, warning that Iranian bankers must keep abreast…
Economy
The Money and Credit Council met this week to discuss the optimal provision of capital to commercial banks in hard cash.
During the meeting, it was approved that for increasing capital in…
Economy
The government has received a hefty payment in rials tantamount to 1.2 billion dollars from the Central Bank of Iran (CBI) with the permission of the Special Solutions Committee, during the…
Economy
The world of banking and financial services is starting to hear a new term. Fintech, short for financial technology, is the crossing of tech startups into financial services territory. The term…
Economy
The ongoing construction slump due to the prevailing recession in the housing sector has led to a remarkable decrease in demand for cement; ISNA quoted Abdol-Reza Sheikhan, secretary of cement…
Economy
On the second and final day of the 5th Iranian Steel Market Conference (ISMC 2015) in Tehran, foreign companies held a number of workshops to introduce their services and products to the managers…
Economy
Stocks rally at the week’s last trading day forced the overall index to recoup a small part of the recent massive losses at the Tehran Stock Exchange (TSE), with most of indices settling in green…
Economy
The Iran Mercantile Exchange (IME) featured various scrap commodities offered by the Islamic Republic of Iran Railways (IRIR) on Wednesday trading, the IME’s Public Relations and Foreign Affairs…
Economy
The Supreme Council of Iran’s Free Trade and Industrial and Economic Zones endorsed establishment of two new free trade zones, one in Ardebil and another in Ilam province, in its latest session…
Economy
An agreement has been reached between Iran and Turkey to establish a Supreme Council of Bilateral Cooperation, which will be run by both countries’ presidents, Fars News Agency quoted Iran’s…
Economy
Nearly 120,000 tons of pistachio, worth above $1.2 billion, have been exported during the first ten months of the current year (ending March 20), the head of Iran-China joint chamber of commerce,…
Economy
