Economy

The Tehran Stock Exchange (TSE)'s main index notched its fourth consecutive drop, as the indices slumped to drag down the market benchmark and pushing investors further to the edge.

The Securities and Exchange Organization (SEO) is continuing negotiations with the oil ministry and the ministry of economic affairs and finance to reopen the refineries’ ticker symbols on the TSE…

Mouteh Gold Complex (MGC) has reported 19 percent hike in its gold production during the first 7 months of the current Iranian year (March 21-October 22) compared to the same period last year,…

The fourth international and eighth national conference on the management of technology (IRAMOT 2014) will be held on December 1-2 on the Persian Gulf island of Kish.

“IRAMOT aims to…

A steering committee is set to be established at the Ministry of Communications and Information Technology which will work towards launching a national internet search engine, Mizan news agency…

In May of this year the government announced that it had eliminated import tariffs on electric and hybrid cars with engines of 2500cc and smaller. This surprise move shocked both local and foreign…

The statistics department of the Central Insurance (Bimeh Markazi) of Iran has announced a 37.4 percent increase in the number of insurance premiums, as well as a 24.7 percent increase in the…

Iran exports $455 million worth of tiles and ceramics every year, said the secretary of the 1st International Conference on Tile, Ceramics, and Sanitary Ware (ICTS 2014) on Saturday.

More than 151,000 metric tons of various commodities were traded at the Iran Mercantile Exchange on Saturday, IME’s PR and international affairs office reported.

The Stone Association of Iran has urged the government to revive the ministry of mines and metals, which had been created back in 2000 based on downsizing policies after a series of splits and…

Data about the prospect of the economy after the recent free fall in oil prices underscores a new wave of nervousness that has overtaken the Tehran Stock Exchange (TSE) in the wake of the equity…

It is projected that some 112,000 job opportunities will be revived by bringing the defunct industrial units back to life, Mohammad Abrishami, the deputy minister of industry, mine and trade, said…

The rial plunged on Saturday, as a plummeting oil price stirred fears of an increasing government deficit, adding to the sentiment that reined in the market after nuclear talks between Iran and…

President Hassan Rouhani’s office announced Saturday that the president will visit Golestan province on Tuesday to inaugurate a key rail project, which would connect Iran to Turkmenistan and…

The governments of Iran and Azerbaijan are preparing to sign a memorandum of understanding in the agricultural field including livestock trade, Minister of Industry, Mine and Trade Mohammad Reza…

In a bid to manage demand and supply, the government will buy the surplus amount of domestically produced raw milk, the agriculture minister Mahmoud Hojjati told IRNA yesterday. The administration…

The deputy minister for mines and mineral industries has predicted a 6 percent growth for the mining industry in the second half of the Iranian year (September 23 – March 20). In an interview with…

The government has allocated 12 trillion rials (above $447 million at official exchange rate) out of its savings from the subsidy reform plan to the manufacturing sector in the current year,…

A lawmaker has called on the government to ban the import of goods that are not economically justifiable to be imported. Jafar Qaderi, a member of the parliamentary Plan and Budget Committee, said…

President Hassan Rouhani will go to the Central Bank of Iran on Monday to attend the annual general meeting of the bank, it was reported on Friday.

Nearly 12,500 promissory notes worth 2108.6 billion rials ($78 million at official rate) have been protested in Tehran during the first seven months of the year (March 22 - October 22), the…

The ministry of communications and information technology has received only 6 trillion rials ($223 million) of the total 15 trillion rials ($559 million) in state budget allocated for the…

Indian conglomerate Essar Group, is looking to tap frozen Iranian oil revenues for its steel exports to Tehran, in a novel attempt to work around western financial sanctions against the Islamic…

A banking official has warned that any intervention by the government to set the interest rate may be the repetition of past mistakes, referring to previous administration officials who…

The new aluminum ingot production unit at the Iran Aluminum Company has physical progress of almost 75 percent, Majid Feizabadi, the company’s managing director told IRNA, adding that once the…