Lack of proper employment is the main reason for the immigration of Iran’s highly educated population, an official with Iran’s National Elite Foundation said.
“There is a high brain drain…
Economy
Iran economy news, Get the latest news about Iran economy, trade, growth prediction, agriculture, transport, aviation, infrastructural developments and investment opportunities.
Economy
Saffron worth $15 million were exported from Iran during the first month of the current Iranian year (started March 20), registering a 10% surge compared with the similar period of a year before.…
Economy
Bilateral trade with Turkey reached $2.9 billion during the first four months of 2016, posting a 17% decline compared with the similar period of a year before, Turkish Statistical Institute’s data…
Economy
Non-oil exports from Shahid Rajaie Port in the southern province of Hormozgan reached 5.6 million tons in the first two months of the current Iranian year (started March 20), registering a 95%…
Economy
Iran has signed new memorandum of understandings with three international export credit agencies. The country’s own ECA, the Export Guarantee Fund of Iran, has signed agreements with the Indian…
Economy
The Civil Servants Pension Organization is restructuring its holdings and looking for investment in foreign markets to keep up with its rising pension payments.
The organization is in…
Economy
Iran has unveiled a new Beechcraft King Air 350i aircraft used for flight inspection.
Economy
Poor packaging and transportation infrastructure has caused problems for Iran’s fruit and vegetable exports to Russia, according to Alireza Pourbasir, an official with the Agricultural Jihad…
Economy
TEDPIX, Tehran Stock Exchange’s primary index, inched down 60 points or 0.08% to close Wednesday trade at 76,084.2.
Losses incurred by oil and gas companies, banks and shipping firms were…
Economy
Over 7 billion square meters of concrete are produced worldwide every year, making this construction material the most abundant and mass-produced manmade material of all time, says Saeedreza Zare…
Economy
Volkswagen Group's profit rose 3.4% in the first quarter of 2016, although profit at the core VW brand plunged 86%, highlighting the challenge the carmaker faces in emerging from the nearly nine-…
Economy
The first consignment of Ario taxis will be delivered soon to Isfahan's Taxi Organization.
About 150 units have been loaded and are ready for delivery, local automotive website Asre Khodro…
Economy
Nearly 50% of the Iranian auto parts manufacturing units have been shut down because contrabands have flooded the market, said the secretary of Iranian Auto Parts Manufacturers Association.
…Economy
GM Uzbekistan, formerly UzDaewooAuto, started the production of third-generation Nexia cars, Uzbek Association of Automotive Industry Enterprises (Uzavtoprom) said. The new model is produced on…
Economy
The overwhelming majority of the middle class cannot afford to have decent savings due to low income and high cost of living, the Minister of Cooperatives, Labor and Social Welfare Ali Rabiei said…
Economy
The Central Bank of Iran has informed banks to employ three new criteria while deciding loan applicants' financial status in a bid to improve the efficiency of banks’ lending power and pull the…
Economy
Some banks and automakers have developed a new lending plan to finance car buyers with up to 1 billion rials ($32,800) in loans, without using the money of the Central Bank of Iran.
Economy
Pretty hard choices must be made in “technical areas” to be able to remove toxic assets from banks’ balance sheets, the Minister of Roads and Urban Development Abbas Akhoundi says.
Economy
Eximbank of Russia is willing to help boost commercial relations between Iran and Russia by opening credit lines and multicurrency bank accounts for traders, Eximbank deputy chief, Zolotarev Levan…
Economy
A 24-member delegation from Ukraine, including executives and experts from companies active in food, agricultural machinery, livestock, poultry, transportation and logistics, wood and mineral…
Economy
Iran is blessed with an abundance of underground riches, as it is home to various world-class mines holding minerals as common as iron ore to rare metals such as gold and turquoise.
Economy
Tehran Stock Exchange’s all-share index TEDPIX retreated by 287.30 points or 0.38% to close trade at 76,144.2 on Tuesday. Big losses by shipping, auto manufacturing and petrochemical companies…
Economy
Close to 34,000 tons of coal concentrates were produced by Central Alborz and Tabas Parvardeh coal companies during the Iranian month starting March 20, indicating an 18% rise compared with the…
Economy
Athens is prepared to act as a regional hub for Iran’s exports to Europe and Northern Africa, CEO of Enterprise Greece, Invest and Trade said. Speaking in a meeting with Valiollah Afkhamirad, the…
Economy
Almost half of all the fruit produced in the country perishes due to improper packaging, the head of the Institute of Labor and Social Security said. Speaking in the Second International Festival…
Economy
