Economy

Mining royalties, a crucial challenge for the sector, have been reduced from 30% to 25 %, SENA reported on Tuesday. The decision was made in a meeting hosted by the parliament’s integration…

The Iran Mercantile Exchange (IME)’s export trading floor played host to almost 91,000 tons of various grades of bitumen offered by Jey Oil Refining Company on Tuesday’s trading, IME’s Public…

The Tehran Stock Exchange’s (TSE)’s overall index ended a sloppy session only slightly higher than its previous day, with the Mobile Telecommunication Company of Iran (MTCI) leading the gains at…

The ministry of mine, industry and trade and the Forests, Range and Watershed Management Organization signed an agreement last Tuesday to replace small scale mining with large scale mining,…

First Vice-President Es’haq Jahangiri says increasing non-oil exports is high on the agenda of the government, IRNA reported on Tuesday. Speaking in the southern island of Qeshm, he added that…

The tariffs on fish products exported to Turkey have been reduced from 16 to 5 percent, following a preferential trade agreement between the two countries late last year, ISNA reported Monday.…

No permit has been issued for importing fruit, specifically citrus fruit, via the borders, minister of Agricultural Jihad Mahmoud Hojjati wrote in a letter to governors of border regions, as IRNA…

Deputy Minister of Economic Affairs and Finance, Mohammad Khaza’ee, recently spoke of drafting a special plan aimed at deregulating investment and adding more transparency to the administrative…

Through collective and united collaboration between private and public sectors, the D-8 member countries can increase their foreign trade volume to $500 billion by 2018, said the secretary general…

Unemployment among women is twice the rate for men, Abol-Hassan Firoozababdi, the deputy minister of labor and social affairs said yesterday, Mehr news agency reported. The official underlined…

Regulations for issuing electronic wallets will be ready by the end of the current fiscal year (ending March, 21), said a senior banking official, paving the way for the transformation of Iran’s…

Russia and Iran plan to create a mutual account for bilateral payments in national currencies, RIA news agency quoted Mehdi Sanaei, Iran’s ambassador to Moscow as saying.

Talks between the…

A Tehran-based investment firm says it plans to launch Iran’s first exchange-traded fund tracking a stock market index, ahead of the possible lifting of international sanctions on the country,…

A top central bank official has confirmed speculation that the previous government and the bank were involved in illegal transferring of around $22 billion in foreign currency out of Iran between…

A top central bank official warned on Tuesday that the regulator has begun shutting down unauthorized bureaux de change in Tehran.

The bureaux shut down so far were located near Ferdowsi…

The Central Bank of Iran has designed a new version of the twenty thousand rial bill ($0.72 at the official exchange rate) and is planning to issue it in a few months, said Majid Saniei, head of…

In the not too distant future, MCI – Iran’s main mobile network operator – has a massive problem on the horizon which it so far appears to be brushing under the carpet. This problem which has been…

The world is moving fast towards tech-based services, banking included. Tech is changing the dynamics of financial services and Iran's shift to electronic banking is incomplete, as its banking…

A long-awaited bylaw seeking to boost supervision over the establishment and management of private credit institutions was approved after a six year delay.

The government on Saturday…

The 6th International Exhibition of Wood Industries will kick off at Tehran’s permanent fairground on February 1, IRNA reported. The organizers say at least 110 companies will showcase their…

The 5th Iranian Steel Market Conference (ISMC 2015) has opened in Tehran today. Participants include top officials from Iran's industrial circle, major domestic steel manufactures as well as three…

The benchmark slightly edged up at Monday’s close to overcome a shaky start, following two trading days that saw stocks wax and wane.

The TSE mid-day recovery was mostly contributed by the…

The Filipino ambassador to Iran has expressed his country’s willingness to set up steel and ferrochrome factories near the southern port city of Bandar Abbas, IRNA quoted the Iranian Mines and…

Algeria and Iran signed a memorandum of understanding (MoU) on Monday to give fresh impetus to bilateral cooperation in the public works.

The fourth D-8 ministerial meeting began in Tehran yesterday with the aim of consolidating and strengthening cooperation in terms of industry and small & medium enterprises (SMEs) among the…