Economy

The climatic change in the region of Lake Urmia and a consequent drought has taken its toll on numerous plots of land in Azarshahr – the capital of Azarshahr County, East Azerbaijan Province, IRNA…

Despite great potential in Iran’s fishmeal industry, the sector has not been able to attract significant investments so far, according to a report by Persian newspaper Forsat Emrooz.

First Vice President Es’hagh Jahangiri on Saturday notified the Central Bank of Iran of a government ruling to raise its capital, Boursepress reported.

Iran’s largest mobile phone line provider MCI or Hamrae-Aval has announced it is launching a new online service called “My Portal Account” via their own website, according to the company’s PR…

The managing director of Kish Free Zone Organization, Ali Asghar Mounesan, said on Saturday boosting business on the island is key to the implementation to the resistance economy, according to…

The IT services director of Bank Sepah has announced that the bank will roll out a new ATM service in the coming weeks, Banker reported on Saturday.

The Central Bank of Iran (CBI) has revised upward its projection for inflation, saying commercial banks have given large amounts in loans using both their and CBI financial resources in the past…

Parliamentarians on Saturday decided to allow the administration to raise the capital of state-owned commercial lenders in an attempt to increase their lending power.

The parliament…

T he Central Bank of Iran (CBI) has recently announced it will restart printing Iran Checks–the unofficial upper echelons of Iran’s paper currency–after the parliament signed a decree allowing…

The first seminar on technological entrepreneurship and Venture Creation was hosted by the South Industrial Management Institute on Saturday in Shiraz.

The official representative of South Korean carmaker Kia Motors in Iran says two new models, Sorento 2015 and Carenz 2015, are on the way to the Iranian market, Mehrnews reported. Customers are…

A  huge surplus of tile and ceramics has pushed the industry owners to shut their factories for 45 days in order to sell the piled up products, the Iranian daily Ta’adol reported.

Tehran Stock Exchange (TSE) witnessed a sloppy trade on Saturday amid a prevailing bearish trend, with almost 291 million shares changing hands to record close to 50 percent decline for trade…

Supporting downstream industries and completing the production chain of the mining sector were described by the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO…

Close to 36 types of various commodities were offered in Iran Mercantile Exchange (IME) in a busy trading day on Saturday, IME’s Public Relations and Foreign Affairs reported.

Although the iron and steel market is usually bustling by the year’s end, this year it is experiencing a serious slump, Fooladnews cited the head of Iran’s Iron Guild as saying.

Noting that…

The Producer Price Index (PPI) increased by 15.3 percent by the end of Bahman (11th month of the Persian calendar ending February 20th) compared to the same period last year, according to the…

Iran exported $4.2 billion worth of food and agricultural products in the first ten months of the present Iranian calendar year (ending March 20), an official in the Federation of Iranian Food…

The southwestern province of Ardabil produces 6,000 metric tons of honey every year, Mehr news agency quoted a provincial official with agricultural Jihad as saying. According to Dehghan Bagheri,…

Secretary General of Iran-Afghanistan Chamber of Commerce, Industry, Mines, and Trade Mozafar Alikhani called for the removal of visa requirements for Iranian and Afghan traders and reduction of…

According to official statistics released by Iran’s Central Task Force to Combat the Smuggling of Goods and Currency, $20-25 billion worth of contraband is annually smuggled into and out of…

The volume of exports and imports from the 11 major commercial ports in the country has exceeded 140 million metric tons since the beginning of current Iranian year (ending March 20), IRNA quoted…

The deputy head of steel employees’ pension fund says the steel industry’s retirees will receive their overdue pensions by the end of the current Iranian year (ending March 20), Fooladnews…

A ccording to statistics released by the ministry of industry, mine, and trade, revenues generated from mine royalties during the first 10 months of the current Iranian year (ends March 20)…

Tehran Stock Exchange (TSE)’s 4-day losing streak in the week that ended on February 26, was accompanied by further retreat, with the TEDPIX plummeting more than 1 percent within 5 working days.…