Some 100 billion rials (above $3.7 million at official exchange rate) has been earmarked to start construction of the 1300-kilometer-long Zahedan-Birjand railway, Abbas Akhundi, the minister of…
Economy
Economy
Inflation in Azar (the Iranian month ending December 21) reached 16.8 percent, down from 17.8 percent a month earlier, Mohammad Baqer Nobakht, vice president for strategic planning and supervision…
Economy
The government carefully supervises the distribution process of subsidized flour, Mojtaba Khosrotaj, the deputy of Industries, mines, and trade said in Rasht, as reported by ISNA on Friday. …
Economy
The vice president for science and technology announced that the amount of research funding in different areas has increased between 3-14 percent in next year’s budget, MNA reported on Wednesday…
Economy
The Rouhani administration seeks to create an international financial hub in one of the free economic zones as Iran moves towards opening its market and securing its place as the region’s frontier…
Economy
The development of e-government is the only way to eliminate corruption at all government levels, vice president’s deputy for legal and parliamentary affairs told IRNA this week.
Economy
T ehran has a huge pollution problem. We all know this to be one of the bugbears of living in this city.
Economy
Turkey is seeking a permanent resolution to a transit fee dispute with Iran. The spat between the two neighboring countries has been resolved to some extent since Iran agreed to temporarily (for…
Economy
The parliament’s research center has released a report criticizing next year’s budget bill for allocating what it calls “unrealistic” budget for capital projects. The budget bill proposed to the…
Economy
An Enterprise Ireland delegation is planning to visit Iran in the new year to scope out potential opportunities for exporters, Irish Independent reported on Wednesday.
Economy
Trade ties between Iran and Belgium is to enter a new phase following a recently-signed MoU between the two countries’ chambers of commerce, Mohsen Khalili Araghi, head of Iran-Belgium joint…
Economy
The so-called Islamic State (IS) extremists earned up to $3 million in September alone just from illegal oil sales, according to US intelligence officials and experts, making the militants richer…
Economy
The Dokouhaneh border customs near the city of Nehbandan can be used as a gateway for the development of trade with neighboring Afghanistan, Abolfazl Razavi, first vice president’s deputy for…
Economy
The Ministry of Agricultural Jihad says it has plans to make more efficient use of water for irrigation purposes. “Less than 10 percent of arable land in the eastern province of Khorasan Razavi is…
Economy
The agriculture sector can act as an alternative for the oil sector, deputy minister of labor Eskandar Zand told Fars news agency on Wednesday. “Promoting agricultural exports can help bring the…
Economy
Iranian businesses are interested in investing in India’s steel and mining sector, said Iran’s ambassador to New Delhi, Gholamreza Ansari, during his meeting with India’s steel and mines minister…
Economy
The Tehran Stock Exchange’ gauge recorded its third consecutive positive day to recoup some ground after recent sharp retreat and selloffs; however, the cloudy prospect of the economy is expected…
Economy
New plans devised to develop mines across the country need financial resources as much as $29 billion, said Mehdi Karbasian, the head of the Iranian Mines and Mining Industries Development and…
Economy
The industrial and mining trading floor at the Iran Mercantile Exchange (IME) played host to various rebar bundles, blooms, I-beams, hot and cold-rolled steel, aluminum ingots and billets on…
Economy
The northwestern province of West Azarbaijan, which has some of the most diverse decorative stone resources among Iranian provinces, exports only 40% of the minerals it extracts every year, ILNA…
Economy
The governments of Iran and China have concluded a contract to finance the construction of new subway lines between Tehran and two nearby cities, lawmaker Gholamreza Kataeb told FNA on Monday.
Economy
Financial intermediaries act as “the circulatory system” for the economy as the body, the former vice chairman of Citigroup Inc said here in Tehran, “so an interruption in the function of these…
Economy
The Head of the Hungarian chamber of commerce’s office in Yerevan has announced that the chamber is planning to set up a new office in Tehran in the near future, Fars News reported.
“The…
Economy
State-owned lender Bank Meill Iran is planning to expand its business in the United Arab Emirates, as the new CEO seeks to revive the bank.
This is part of an agreement between Bank Melli…
Economy
Export-Import Bank of India (Exim Bank) has agreed to shell out a new $150 million line of credit for Iran's privately owned banks.
The Iranian lenders include Saman Bank, Parsian Bank,…
Economy
