For the second time this year the central bank’s board of directors have met with economists and monetary experts to discuss deposit rates.
During the meeting held on Monday, Valiollah Seif…
Economy
Economy
The Rial advanced on Ferdowsi Street on Tuesday, with all currencies and the gold coins retreating as speculation of a possible deal with the West over Iran's nuclear energy program curbed safe…
Economy
Iran’s second largest mobile phone line provider, MTN-Irancell, has announced it will offer “travel accident insurance” to its customer base, according to the company’s website. The new…
Economy
The Iranian Privatization Organizations (IPO) announced the annulment of the public auction for the country’s two major state-owned football clubs Perspolis and Esteqlal until further notice, IRNA…
Economy
The supervision committee for elections in Tehran Chamber of Commerce, Industries, Mines and Agriculture has announced the initial results of the chamber’s latest round of voting. Based on the…
Economy
Mining companies produced more than 31 million metric tons of iron ore during the 11 months of the outgoing Iranian year (to end March 20), which shows close to 1% growth compared to the same…
Economy
While most of the listed firms at the Tehran Stock Exchange (TSE) had a downbeat performance, Persian Gulf Petrochemical Industry Company (PGPIC), with the highest market cap, lifted the TEDPIX to…
Economy
Head of the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO), Mehdi Karbasian says as of April 21 copper cathodes will only be sold at the Iran Mercantile…
Economy
Vietnam’s ambassador in Iran, Nguyen Hong Thach visited Iran Tractor Manufacturing Company (ITMCO) in the northwestern city of Tabriz and met with company’s managing director to assess the…
Economy
The second development phase of Zarshooran gold mine in West Azerbaijan Province has started, with the capacity to produce 3 metric tons of gold bullion per year, the Iranian Mines and Mining…
Economy
Close to 234,000 tons of various grades of bitumen was offered by local suppliers on the export trading floor of Iran Mercantile Exchange (IME) on Tuesday trading.
Economy
Minister of Roads and Urban Development, Abbas-Ahmad Akhondi says the government is planning to implement railway electrification system for all railways in the southern and southwestern regions,…
Economy
Iran imported wheat grains worth $2.22 billion in the 11-month period that ended on February 21, which accounted for the largest share of Iran’s total imports (4.6%) during the period, ISNA…
Economy
As much as 20% of Iran’s demand for red meat is provided by nomads who produce about 175,000 tons of red meat every year, an official at the Organization for Nomadic Affair, Mirvali Safarzadeh,…
Economy
Holding exhibitions, including seasonal events, where goods are sold at lower prices than the market, is among the most effective tools of business in today’s world. Such events would meet…
Economy
Head of Iran International Exhibitions Company (IIEC), Hossein Espahbodi was appointed by the Global Association of the Exhibition Industry as the deputy for the Middle East and Africa…
Economy
Minister of Industry, Mine and Trade, Mohamamd-Reza Nematzadeh welcomed expansion of bilateral cooperation between Iran and the Republic of Tatarstan, in a meeting with Tatar President Rustam…
Economy
Although Iranian commodities are well received in the Iraqi cities such as Najaf, Karbala and Baghdad, they are not properly presented in the Iraqi market, a senior official at the ministry of…
Economy
More than 1.03 million automobiles were manufactured in eleven months of the outgoing Iranian calendar year (March 21-February 19), to register a 58.2 percent increase compared to the same period…
Economy
Pineapples, bananas and coconuts, were the only fruits imported during the outgoing year (to end March 20), Mohamamd-Reza Naderi, the deputy for customs affairs in the Islamic Republic of Iran…
Economy
Iranians smoke 60 billion cigarettes a year, 38 billion of which are produced domestically, 10-14 billion are legally imported and the rest are smuggled, Ali Asghar Ramzi, an official in the…
Economy
A comparison of Iran’s revenues from three types of taxes, namely income tax, goods and services tax and taxes on international trade, with those of other countries over the past decade, reveals…
Economy
A new government-sponsored website has come online in the weeks running up to the Iranian New Year period. Called eshopfest.ir the new temporary website hopes to promote the use of online shopping…
Economy
In the next Iranian year (starting March 21) unified check books will be issued using an integrated system known as ‘Sayyad’, said Central Bank of Iran’s (CBI) head of communication and…
Economy
Iran’s largest mobile network provider has won an award for its contribution to the development of knowledge-based industries. Mohammad Atoofi, director of marketing and sales at MCI, was on hand…
Economy
