Economy

Iran is willing to promote Halal brand in Europe, head of Trade Promotion Organization of Iran (TPOI), Valiollah Afkhami, announced on Sunday, as reported by IRNA.  The official made the…

The total economic value of Iran’s farmed animals including livestock, poultry, fish and honeybee is estimated at 1,030 trillion rials ($31 billion) by head of Iran Veterinary Organization, Mehdi…

Iran imports $600 million worth of tea annually; however the value of exports amounts to $20 million per year, the head of north of Iran’s tea farmers’ union said on Saturday, as reported by ISNA…

First Vice President Es’haq Jahangiri called for the development of knowledge-based companies, noting that it could help reduce the country’s dependence on oil revenues, and create job…

The cost of creating a single job in the cooperative sector is one third of that in other sectors, IRNA quoted a senior official at the ministry of cooperatives, labor and social welfare Alireza…

The Central Bank of Iran (CBI) on Saturday announced inflation rate of 15.5% for the twelve-month period ending on April 20, which marks the end of the first month of the new Iranian calendar year…

B usinesses are suffering from a “credit crunch” in the Iranian economy. For the right and wrong reasons businessmen are asking for cheaper money. They contend that with adequate financing,…

A decision to cut the deposit rate ceiling will not necessarily support the capital market in Iran, said an expert on Saturday.  

The marathon decision-making process to lower the…

A member of the parliament’s budget and planning committee has voiced his discontent with the way banks are currently conducting business.

In an interview with IRNA, Jafar Ghaderi, an MP…

Bad debts held by Iranian commercial banks have been rising in recent years since the financial institutions have chosen the interest rate as their main source of revenue. A former banking…

Minister of Industry, Mine and Trade, Mohammadreza Nematzadeh has anticipated that raw mineral exports will come to an end within the next three years as investments in the manufacturing sectors…

The Iran Mercantile Exchange (IME)’s oil and petrochemical trading floor featured 24,250 tons of various petrochemical commodities offered by local petrochemical complexes on Saturday trading, IME…

The members of Tehran Chamber of Commerce, Industries, Mines, and Agriculture (TCCIM) elected Mas’oud Khansari – the sole candidate running in the election – as the new chairman, IRNA reported on…

An Omani trade delegation, comprised of more than 50 high-ranking business owners and investors, held negotiations with Iranian companies and industry players in Tehran on Saturday.

Rice by-products including rice straw, rice husk (or hall), and rice bran are largely considered as waste products by Iranian farmers who either burn them or feed them to the cattle. However, a…

Stocks staged a rebound on Saturday; however, an early rally evaporated by the end of trading, with the Tehran Stock Exchange (TSE)’s overall index stretching its losing streak.

Tehran is willing to expand commercial and economic ties with Bosnia and Herzegovina, Iran’s ambassador to Sarajevo, Seyed Hossein Rajabi, said in a meeting with Bosnian Foreign Trade and Economic…

Russia will soon be added to the list of countries importing Iranian caviar, ISNA quoted deputy head of aquatics at Iran’s Fisheries Organization, Hossein Abdolhai as saying.

Around 1.9 million metric tons of non-oil commodities, worth more than $2 billion were exported through East Azerbaijan Province over the past Iranian calendar year (ended March 20), IRNA quoted…

Despite growing optimism that Iran will open up to foreign investment soon, policymakers have been taking a strong position on protecting domestic industries, in line with the general economic…

The government’s attempts to block foreign cigarette imports in the current Iranian calendar year (started March 21) is bound to fail as domestic production is far below per capita consumption,…

Around $52.5 million worth of goods were imported during the past Iranian calendar year (ended March 20), SHATA quoted deputy minister of industry, mine and trade, Mojtaba Khosrowtaj, as saying…

The harvest of the world’s most expensive mushroom known as truffle – the fruiting body of a subterranean Ascomycete fungus – has started in Meshginshahr in northwestern…

The Iranian cabinet has approved a plan to issue new bonds to attract funds for oil and gas projects, IRNA reported. Oil and gas projects that are shared with neighboring countries will be…

The head of Middle East Bank, Iran’s privately-owned bank, said European investment funds are regularly visiting his Tehran offices to express interest in investing in the country once sanctions…