Economy

The government is planning to stop payment of cash subsidies to 6 million high-income Iranians by the end of the current Iranian year (March 19, 2016), deputy minister of cooperatives, labor and…

The decision on the long-debated issue of altering deposit and loan interest rates was set to be made today (Tuesday).

The Money and Credit Council chaired by the Central Bank Governor…

R epresentatives from 57 Omani businesses  visited Iran on Saturday. Oman has been a traditional partner of Iran since 1866, but the sultanate’s market, like several others, seems to have…

A single-urgency motion to amend the usury-free banking law was proposed jointly by juridical and economic committees of the parliament, Banker news website reported on Monday. The law was…

During a ceremony to mark the achievements of Bank Maskan (Housing Bank), minister of roads and urban development, Abbas Akhundi said the true potentiality of the bank has not been realized yet.…

Monday trading at Iran Mercantile Exchange (IME) was accompanied by the offering of various commodities on the industrial and mining trading floor, IME public relations reported.

Polymetallic mines with estimated reserves of about 10 million metric tons have been discovered in the southwestern Province of Chaharmahal and Bakhtiari, IRNA quoted head of the province’s…

The ministry of industry, mine, and trade is aiming to terminate the sales and export of raw minerals within the next two years. This is while many of the processing facilities in the mining…

Close to 75 percent of listed companies at the Tehran Stock Exchange (TSE) underperformed amid bearish sentiment at the equity market, with the overall index stumbling 0.95 percent to its 18-day…

Foreign investors are looking at the fast emerging opportunities in Iran, which is being referred to as one of the world’s last frontier markets. A few institutional investors have already beaten…

Tariff rates on aquatic exports to Eurasian Economic Union (EAEU) based on Preferential Trade Agreements (PTAs) with the member states have been reduced from 26 percent to 7 percent, deputy…

Nearly 170 metric tons of saffron was exported during the past Iranian calendar year (ended March 20), deputy head of the National Council of Saffron, Gholamreza Miri said on Monday. “Khorasan…

Iran has temporarily banned rice and sugar imports due to oversupply in the market, deputy minister of agriculture, Abbas Keshavarz told ISNA. “The sugar market is saturated with both domestic…

Remittances to and from Iran equally grew last year, according to the World Bank’s latest Migration and Development report. This new data lays bare the difficulties the government faces in…

While official records put the import of home appliances during the past Iranian year (ended March 20) at $450 million, data provided by auditing organizations indicate that more than $5 billion…

Iran’s economy is ready for a “take-off” as the authorities have unanimously come to conclude that economic affairs must be transferred to the private sector, former chairman of Tehran chamber of…

Deputy director of economic affairs in the ministry of cooperatives, labor and social affairs, Seyed Abbas Hosseini says the government, with parliament’s backing, has allocated 40 trillion rials…

The CEO of Bank of Industry and Mine announced that the specialized bank managed to get $2 billion in credits through the National Development Fund of Iran (NDFI) over the last year ( ended March…

Minister of Economic Affairs and Finance Ali Tayebnia made it clear that the government has no plans to manipulate the foreign exchange rates, saying the non-meddling policy was the direct opinion…

The masters of Iran’s finance met to discuss the troubles of the banking system late Saturday. The meeting was held in Tehran to get bankers on board with central bank policies and hear their…

The deputy manager of the Iranian Nomad Organization, Mirvali Safarzadeh, announced that all nomad population -- 17% of which already have insurance coverage -- will receive social security…

Based on a new initiative, the revenue made from exports to Russia can be transmitted without limits to Iran’s banking system.

The 4th international exhibition of elevators, escalators, lifts, conveyors and related components and equipment opened in Tehran's permanent fairground on April 25, with a focus on exports.

The National Iranian Copper Industries Company (NICIC) offered various types of commodities at the Iran Mercantile Exchange (IME) on Sunday trading.

Lack of faith in the landscape of the economy in the short run, and the uncertainties hovering over the issue of western sanctions are draining the equity market with the TEDPIX settling in red.…