Economy

Indian firms are vying to secure a position in the Iranian market as nuclear talks between Iran and the P5+1 are reaching a tipping point, which is expected to see economic sanctions against the…

Iran is one of the leading producers and exporters of dried fruits and nuts. According to data from the agricultural ministry, the country exported 180,262 metric tons of pistachio, 113,378 tons…

President Hassan Rouhani will sign a bill in the coming days which will allow the establishment of a new free trade zone in the northwestern Ardebil Province, the governor-general of Ardebil…

With sanctions expected to be lifted within months, there’s a good chance the country’s $110 billion Tehran Stock Exchange will rally, as international money managers are scrambling to get in…

Monetary and financial policies must be set in a way that economic vulnerability can be reduced and the economy would be consolidated against external shocks, said Central Bank Governor Valiollah…

The banking system will be the first to benefit from the lifting of sanctions if Iran and world powers agree to a final deal by the June 30 deadline, a report has predicted.

Financial and…

A joint plan devised by two parliamentary committees for settling the deposit rate ceiling will be announced Sunday, an MP told Eghtesad News on Saturday.

As calls are surging for tighter supervision over the financial institutions violating deposit rate regulations, some commercial banks are still hastily trying to offer higher deposit rates to…

The 4th International Exhibition on Elevators, Escalators, Lifts, Conveyors and related components and equipment will open on April 25 in Tehran’s permanent fairground, according to IRNA. The…

Indices lost steam once again at the Tehran Stock Exchange (TSE) amid massive selloffs by investors, particularly institutional investors, which kept dragging down the benchmark.

Stocks…

Close to 26,228 tons of different commodities were offered by local petrochemical complexes on the Iran Mercantile Exchange (IME)’s oil and petrochemical trading floor on Saturday.

Head of the coal committee in the Iran Mine House (IMH), Mohammad Mojtahedzadeh has warned about the difficulties faced by owners of coal mines, noting that coal imports will need to increase in…

Iran is among the top ten countries worldwide in terms of the variety of precious and semi-precious stones. However, production has increasingly lagged behind the potential. The annual global gem…

Executive manager of the Kazakh company in charge of developing the Sari Gunay Gold Mine in the western province of Kurdistan, Moris Satiashvili says the project has achieved 85% physical progress…

More than 25,800 metric tons of commodities, valued at $19.6 billion were exported through Bushehr over the past Iranian calendar year (ended March 20), which makes the southern province the…

The customs tariff on rice imports has increased to 40 percent in the current Iranian calendar year (started March 21), Abdolmahdi Bakhshandeh, deputy head of planning and economics at the…

As Iran and the so-called P5+1 group strive to reach a comprehensive agreement over Iran’s nuclear energy program, which if finalized is expected to boost the level of international trade and…

The parliament research center has started reviewing the latest data on the Economic Complexity Index (ECI), according to Mehr news agency.

The ministry of cooperatives, labor and social welfare has begun preliminary studies to identify high-income Iranian households that should be excluded from the cash subsidy list, presidential…

In the twelve months ending March 20, 2015, banks allocated slightly more than 2 quadrillion rials ($70.7 billion) in loans as cash flow, which comprised 60.7 percent of total lending by…

Iran’s foreign exchange markets had a volatile trading week, culminating in a rise in the US dollar and gold coin prices. The dollar advanced 0.72 percent to 33,390 rials by the week’s close on…

I f the deposit rate ceiling is set closer to 20 percent, two percent lower than the current rate, commercial banks would be able to comply, said Abdonasser Hemmati, head of the coordination…

Iran has a large insurance market, but the market is undeveloped based on international standards. Insurers rely on selling the most basic products for their revenue, and are barred from global…

The government is planning to expand mining exploration activities in the current Iranian year (started March 21), aiming to reach 15% growth in the mining sector, which according to data by the…

Amid heated debate among economists, politicians and industrial analysts on the future of Iran’s manufacturing sector, experts have pointed to the failure of domestic companies to advertise their…