Economy

The Central Bank of Iran is playing the role of “the regulator” in the money market as it tries to regain control and stature.

A copy of a directive issued by the CBI to all commercial…

Now is the opportune time for western multinational companies to build effective plans for the Iranian market, which will gradually open once a nuclear deal is eventually reached. As the…

Turkey’s Economy Minister Nihat Zeybekçi announced that a trilateral meeting of economy ministers of Iran, Turkey and Azerbaijan will be held in March, IRNA reported on Friday. Zeybekçi who met…

Next year’s budget proposal for the transport sector has increased by 18 percent, deputy minister of roads and urban development Amir Amini said in a news conference in the western province of…

Minister of Industries, Mines, and Trade Mohammad-Reza Nematzadeh has called on foreign home appliance manufacturers to have their products made by Iranian companies.

Iran has exported $5.12 billion worth of commodities to neighboring Iraq during the first ten months of the current Iranian year (ending March 20), Majid Ghorbanifaraz, an official at Iran’s trade…

The world’s biggest ro-ro (con-ro) container vessel, the Jolly Titanio, currently sailing under the flag of the Italian “Messina” liner, docked at terminal No. 2 of Shahid Raja’ee…

Iran can play the role of a safe haven for Irish investors and the two sides should try to expand economic as well as political ties, Javad Heravi, the head of Iran-Ireland parliamentary amity…

Prices in rural areas rose 0.6 percent during the months of Dey (ending January 20), a recent report released by the Statistical Center of Iran (SCI) shows. The year-on-year inflation rate in Iran…

The government has called for the removal of those who earn more than 25 million rials ($925 at official exchange rate) per month from the list of subsidy receives, Ali Mohammad Ahmadi, a…

Although sugar industry has been severely hit in recent years, “invisible hands” are putting pressure on the government to increase imports of the commodity, the member of Tehran’s Chamber of…

In a meeting Tuesday between Iran’s Minister of Economy and Finance Affairs, Ali Tayebnia, and Turkish Minister of Customs and Trade, Nurettin Canikli, both sides agreed to form a joint committee…

Improving economic ties with neighboring countries and promoting export of non-oil commodities have been at the core of Iranian government’s agendas ever since revenues generated from oil exports…

The ministry of Industries, mines, and trade is slated to sign a memorandum of understanding with the Eurasian Economic Union (EEU) to commence exports to Russia in the near future with lower…

Close to 240,000 tons of various chemicals, bitumen, sulfur, vacuum bottoms, I-beams, iron ore, aluminum ingot, gold bullions, and frozen chicken were supplied at Iran Mercantile Exchange (IME) on…

Cement factories across the country have resumed producing clinker three weeks after they stopped production, Donya-e-Eghtesad reported.

C ar imports accounted for more than 6% of the total value of imports during the past fiscal year – which ended on March 20, 2014 – indicating that despite criticisms, the car import business…

All indices contributed to an uptrend at the Tehran Stock Exchange (TSE), which helped the TEDPIX to keep rebounding at Wednesday’s close, though 0.38 percent won’t indicate that bulls are on…

A steel sector expert says Iran has the highest level of raw mineral exports in the region, while most other countries limit or ban the export of unprocessed minerals to produce more value added…

The government plans to create special committees in each province to address NPLs or non-performing loans, which are reaching a worrying level, President Hassan Rouhani announced on Tuesday…

Iran’s second largest provider of mobile phone line and internet services has announced it has upgraded Iran’s southern Persian Gulf city of Bandar-Abbas and surrounding areas to 4G LTE internet…

Although the Central Bank of Iran has warned the public not to invest with illegal credit institutions, “this is at best merely an informative act,” an advisor to minister of industry, mine, and…

W e all love a stable currency. It is the basis of our daily business, both foreign and domestic. None want it more so than central banks, which are mandated to safeguard the currency’s value,…

Iranian commercial banks provided more than 2.38 quadrillion rials ($86.5 billion at official exchange rate) in loans in the first nine months to December 21, ISNA reported on Wednesday. …

Iran is planning to transfer technical know-how in the agriculture industry to Iraqi Kurdistan, Vice President for Scientific and Technological Affairs Sourena Sattari said in a meeting with the…