Economy

According to official statistics released by the ministry of industry, mine, and trade, 80 mine discovery certificates were issued during the 10th month of the current Iranian calendar year (…

The steel sector could become a viable alternative to the oil sector in terms of generating revenues, especially upon completion of the value chain in the steel sector, said the deputy chairman of…

A system designed to report bank loan collaterals will be launched in five months, said Mohammad Jalili, CEO of Customer Credit Evaluation Company.

Designing the system was proposed to…

Five Iranian firms have attended Mobile World Congress, the world’s premier technology fair, in Barcelona, Spain. The four-day event, which will be underway by March 5, is the first global…

Over a month ago the Central Bank of Iran issued a directive which added to prior limitations on currency trade in Iran’s foreign exchange market. Its aim was to increase the central bank’s grip…

A new banknote was unveiled on Monday, replacing the nuclear energy sign with a depiction of Tehran University’s main gate on the note’s reverse. The new note will go into print in spring.

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The Iranian ministers of industry and finance have called on commercial banks to resume the opening of letters of credit (LCs) for domestic use, Eghtesad News reported.

Serbia’s deputy prime minister and minister of trade, tourism and telecommunications, Rasim Ljaji?, in a meeting with Iranian Ambassador to Serbia, Majid Fahimpour, held in the Serbian capital…

Tehran-Ankara cooperation in railway industry and rail transportation will open a new chapter in trade ties between the two neighboring countries, Iran’s consul general to Turkey, Mohsen…

Iran is expected to export 70,000 metric tons of eggs by the end of the current (ending March 20), which is twice the amount exported last year, secretary-general of Iran’s Egg-Laying Hens…

With proper planning, we can reduce tax evasion by at least 60 to 70 percent, head of Iran’s National Tax Administration (INTA), Ali Asgari said on Sunday, noting that “tax evasion in Iran…

Tajik Ambassador to Tehran Nematollah Imamzadeh called for the expansion of bilateral cooperation between Iran and Tajikistan in economic investments, during his visit to Arak…

The Consulate general of Iran in Karbala, Shokrollah Taheri called for expanding the export of high quality Iranian products to Iraq, addressing a gathering of Iranian businessmen in Zanjan in…

Based on a new resolution passed by the parliament on Sunday, the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO), the Industrial Development and Renovation…

Tehran Stock Exchange (TSE)’s overall index rallied at Monday’s close to end a 6-day rout, after the banking sector outperformed to pare part of its massive losses incurred within the past few…

Nearly a month after the ministry of industry, mine and trade restricted the import of cars only to the official representatives of auto companies in Iran, new directives issued by Industry…

The industrial and mining floor of Iran Mercantile Exchange (IME) featured close to 100 kg of various gold bullions offered by the Mouteh Gold Complex on Monday, IME’s Public Relations and Foreign…

The sponge iron production unit of Chabahar Steel Plant will become operational by September next year, IRNA quoted deputy industry minister and director of Iranian Mines and Mining Industries…

The bill for the establishment of Mehran free trade zone in the western Ilam province will be submitted to the parliament in the coming days,” senior advisor to the governor-general of Ilam…

Railroad construction in Iran has been traditionally carried out by the public sector, since according to Article 44 of the Constitution, railroads and all large-scale industries are regarded as…

At least 50,000 new jobs can be created through low interest loans provided by Omid Entrepreneurship Fund (formerly, Imam Reza Compassion Fund), ISNA quoted the fund's deputy for organizing and…

The government has proposed increasing  the prices of  domestic and foreign-made cigarettes by 20% and 40% respectively in its budget bill for next Iranian year (starting March 21), in…

President of Iran-India Tradesmen Council, Ebrahim Jamili says Iran’s import of tea from India amounts to $30 million, adding that the amount is expected to increase. He noted that the council has…

Tehran-Ankara bilateral trade will increase from its current $14 billion to $35 billion in the near future, Turkish Minister of Economy, Nihat Zeybekci, said on Saturday.

Bank staff get raise as Vice President Mohammad-Bagher Nobakht has given a special order approving a salary raise for state-owned bank employees as of Feb. 2, right a month before the Iranian year…