Economy

Iranian industries will experience more competition if sanctions are removed as the result of the ongoing talks between Iran and the P5+1, predicted Valiollah Afkhamirad, deputy minister of mine,…

Iran’s flagship carrier, Iran Air, has seized the opportunity provided by the historic interim agreement signed by Iran and the P5+1 countries last November, and successfully purchased new airline…

Tehran will host the first international exhibition of leather, accessories, shoes and related Industries on Nov. 17-20 at the Tehran International Fair Ground, MNA reported.  Over 135…

Providing adequate infrastructure for the mining projects across the country is the government’s first priority regarding this sector, Es’haq Jahangiri, first vice-president, said on Saturday.

Foreign companies’ presence in the Iranian market has increased up to 50 percent since the Rouhani administration came to power last August, Mohammad Javad Ghanbari, the deputy director of Iran’s…

Foreign investment will pour into the mining sector and mineral industries of Iran as soon as western sanctions against the country are removed, an industry official told IRNA.

During his visit to Baku earlier this week, President Hassan Rouhani was accompanied by a private sector delegation whose members have already had trade with the Azerbaijan Republic. The president…

As Iran and the six world powers known as the P5+1 are expected to gather this week in Vienna to push for a deal over Tehran’s nuclear energy program, the Middle East Bank (MEB) of Tehran has…

The Central Bank of Iran (CBI) has reversed its decision dating back to 2008 and placed a ban on the recharge and issuance of new debit cards based on interest-free banking contracts, according to…

President Hassan Rouhani says sanctions are a "rusty weapon" which is no longer effective.

Around 550,000 metric tons of goods were traded at the Iran Mercantile Exchange (IME) during the week leading up to November 13, marking a 92% and 58% increase in terms of volume and value,…

Chabahar free trade and industrial zone organization said China, South Korea, and Oman are among the countries interested in investing in Iran’s third auto manufacturing hub to be built in the…

New liquidity injected into the country’s capital market during the past month helped the trading volume increase from 0.7 to 1.1 trillion rials, said Amir Hamooni, the CEO of Iran Fara Bourse or…

The Tehran Stock Exchange posted a 46.9 percent increase in the average trading volume, along with 64.8 percent rise in the average trading value in the week ending November 12, reflecting an…

The second meeting of the mercantile exchanges of the CIS and Eastern European countries in the form of Interexchange Electronic Union (IEU) is to be held in Tehran today, which can be considered…

Zarshooran gold mine complex, in northwest of the country, is expected to be officially inaugurated today as a national project aimed at increasing the country’s output to over 6 metric tons per…

The Swiss commercial attaché has expressed hope that foreign investors would invest in Iran’s capital market, particularly in the Tehran Stock Exchange (TSE). Stephane Rey, who is also deputy…

The ministry of industry, mine and trade has unveiled the draft Industrial Development Strategy, Donya-e-Eghtesad reported.

In his latest meeting with the representatives from the Tehran…

Northern Cyprus can act as the gateway to Europe for Iranian products, Karim Khosravian, the commercial attache of Northern Cyprus in Iran said to Tasnim news agency yesterday. “Northern Cyprus is…

The government aims to create a positive trade balance through deregulating foreign trade and empowering domestic businesses to compete in international markets, the head of the Trade Promotion…

An Iranian delegation headed by the governor general of Mazandaran Province, Rabie Fallah, is in Bishkek to meet Kyrgyz officials for negotiations over the expansion of bilateral economic…

Iran’s new foreign policy has led to advancements in the ongoing nuclear talks with the P5+1 group of six world powers. This has created a good setting for the increase of cooperation in various…

The administration will allocate 5.8 trillion rials ($217 million) to various production and industrial companies, Mohammad Shariatmadari, the vice president for executive affairs…

The Money and Credit Council has ratified a new directive according to which gold importers will no longer need to guarantee that they will return the gold or bring back the equivalent cash in…

The Central Bank of Iran needs to focus on strengthening the national currency before it is able to operate as an autonomous body, said the president of the Coordinating Council of CEOs of State-…