Economy

First Vice President Es’haq Jahangiri will inaugurate the 3rd development phase of Shahid Raja'ee Port today, the Port and Marine Administration of Iran reported on Sunday.

Bureaucratic procedures are a major deterrent to Iranian expatriates willing to invest in Iran, said Chairman of High Council on Iranian Expatriates Affairs Javad Ghavam-Shahidi on Sunday, adding…

It is not time yet to allow the Justice Shares to be traded in stock exchanges, Pouri Hosseini, head of Iranian Privatization Organization, said earlier this month, adding that this situation will…

Paper prices are poised to rise in the run-up to the new Iranian calendar year (starting March 21),  Secretary of Paper and Paperboard Syndicate Taher Shobeyri told ISNA yesterday. Explaining…

Up to 190 metric tons of saffron have been produced in the current Iranian year (ending March 20) and the export level has increased by 22 percent, Secretary of National Saffron Council Farshid…

Iran is no longer using the US dollar in its foreign trade as direct exchanges are used with its main trading partners, according to the Central Bank of Iran’s deputy governor.

Bank Tejarat, an Iranian commercial bank, will pursue legal action until its European assets are released, said a bank’s top official on Saturday.

The bank official’s statement came after…

The ministry of economic affairs and finance has recently released an official report clarifying that Tehran Municipality is in debt to the banking system by several trillion rials. The report…

Over the course of 2015, Iran’s insurance sector will post steady, double-digit growth, analysts predict.

Many state-owned commercial lenders are in an alarming state, as they hold high levels of toxic debt on their balance sheets. The growing amount of overdue loans of some commercial banks is…

Cars will only be imported through the official representatives of foreign carmakers whose licenses have been registered in the ministry of industry, mine and trade, according to a recent…

The World Steel Association has introduced Iran as the world’s 14th biggest producer of steel in its latest report.

According to the report, Iran’s crude steel production totaled 16.33…

The Iran Mercantile Exchange saw more than 181,000 tons of various commodities on the spot market on Saturday’s trading, IME’s Public Relations and Foreign Affairs Office reported.

Cement factories will resume production of clinker as of February 13, ILNA cited the secretary of Iran’s Cement Industry Employers Association as saying on Saturday.

Tehran Stock Exchange (TSE)’s losing Streak continued on Saturday to drag down the TEDPIX to 16-month record low; however Persian Gulf Petrochemical Industry Company (PGPIC)’s creation units…

The government needs to shift its focus from macroeconomic policy to narrower approaches in order to help shore up the troubled manufacturing sector, Persian economic daily Forsat Emrooz cited…

The preferential tariff agreement (PTA) signed between Iran and Turkey is unbalanced and is more in favor of Turkish companies than Iranian enterprises, Hamidreza Qaznavi, spokesman of ‘Iran…

Tehran and Baghdad have increased trade to $12 billion in recent years, head of Tehran’s Chamber of Commerce, Mines, Industries and Trade Yahya Al-Es’haq announced on Friday.

The housing market is gradually stepping out of recession, deputy minister of roads and urban development Hamed Mazaherian, told ISNA yesterday. Transactions in the housing market are…

Consumer prices in urban areas stood at 16.3 percent in the 12 months ending on January 20 (marking the end of the Iranian month of Dey), according to the Central Bank of Iran (CBI).

Iran will launch an exclusive trade and industrial fair on February 25-26 in Turkmenistan, Hassan Mortaja, the exhibition organizer told IRNA yesterday. Turkmenistan is the only country that has…

The United Arab Emirates and China are the two major trade partners of Iran, Head of Trade Promotion Organization of Iran (TPO), Valiollah Afkhamirad told ISNA on Saturday.

Iran will export 100 tons of trout to Russia in the near future, deputy minister of agricultural Jihad Hassan Salehi, who is also the head of Iran Fisheries Organization, told Mehr news agency on…

Bilateral trade between Iran and Russia will significantly increase with the lifting of sanctions imposed by the West, Russia’s ambassador to Tehran, Levan Jagaria, told Moscow-based Rossia…

In a bid to expand economic relations between the five Caspian Sea littoral states, Iran has proposed creating a Cooperation Council of Free Economic Zones (FEZ) in the region, which would pave…