The lopsided implementation of the subsidy reform plan has exacerbated the widening rift between the country’s social classes, IRNA reported.
“As it was anticipated by the CBI in 2012, the…
Economy
Economy
Iran’s business activities should be focused on trade with neighboring countries as the economic sanctions imposed by the West keep the country from being a big player in the global market, Majid…
Economy
The agriculture minister, Mahmoud Hojjati, and his accompanying delegation left the country for China on Sunday at the invitation of his Chinese counterpart, Han Changfu, IRNA reported.
Economy
Plans are underway to expand Aras industrial site on Iran-Armenia border, Akbar Torkan, the presidential chief advisor and secretary of the Council of Iran’s Free Trade, Industrial and Special…
Economy
About 1.3 thousand tons of cigarettes, worth $9.6 million, have been imported in the months of Azar (November 21-December21), accounting for 0.23 percent of the country’s total import in this…
Economy
About 5.9 million tons of different essential commodities were imported to the country during the first nine months of the current year, Deputy Minister of Agriculture Ali Ghanbari said on Sunday…
Economy
Global demand for bitumen is expected to reach 137 million tons by 2020, growing at an annual rate of 2.7% from 2014 to 2020. This level of increase in demand arises largely from the rapid growth…
Economy
Iran’s financial system is currently inflicted with a dangerous disease, with commercial banks investing in businesses and stocks.
Economy
The central bank has urged owners of bureaux de change to comply with new regulations on capital requirement or leave the guild and consider a change of career.
Economy
Benchmark Azadi soared to a nine-month high on Saturday, as Tehran caught up with the rise in demand for bullion on Swiss National Bank’s decision to abandon its self-imposed peg of the Swiss…
Economy
In the first 9 months of the current fiscal year, Bank Melli Iran (BMI) provided 220 trillion rials ($8 billion at official exchange rate) in loans in an attempt to address part of cash flow…
Economy
Social media has become an integral part of daily lives of majority of people that circulates news and information at fastest rate possible bypassing geographical boundaries and barriers within…
Economy
High-tech industrial production has experienced a decline over the past years, despite the growth in other industrial sectors, a report released by Iran’s Islamic Parliament Research Center said.…
Economy
The manufacturing sector experienced nearly four percent growth in the first eight months of the current Iranian calendar year (to end March 20), according to statistics released by the Central…
Economy
About 400 thousand heads of livestock have been exported in the current fiscal year (ending March 20) and plans are underway to increase the rate to one million heads in less than a year, Karamali…
Economy
Japan is ready to share its technical and engineering knowledge with Iranian industrialists, Japanese Ambassador to Tehran Kuji Hunda said in a meeting with Valliollah Afkhamirad, the head of…
Economy
Free zones should turn into the country’s export and production hubs, Presidential Advisor and Secretary of the High Council of Free Zones Akbar Torkan said in New Delhi on Saturday. He expressed…
Economy
Iran-China trade rose 35 percent in 2014 and stood at $52 billion in value, Abbas Khaleghi Tababr, an official with the ministry of industry, mine, and trade said. As ISNA reported on Saturday,…
Economy
Just as development projects in national oil and gas sectors are struggling with lack of funding, the monthly payment of 1.35 billion dollars (based on official exchange rate) for cash subsidies,…
Economy
During the past one year, 32 inactive and semi-finished industrial projects have been completed under the aegis of the Iranian Mines and Mining Industries Development and Renovation Organization (…
Economy
T hree steel industry giants from Spain, Italy, and Germany are planning to build factories in Iran to produce industrial and mineral machinery and equipment, Mohsen Parvan, secretary of the 5th…
Economy
Stocks gained ground at the Tehran Stock Exchange with the benchmark piling up gains, after giant listed petrochemical companies outperformed at Saturday’s close.
As was expected,…
Economy
Using traditional blasting techniques to extract turquoise from the mines in Neyshabour (in Khorasan Razavi Province) crush the turquoise stones, reducing the mines’ output significantly.
Economy
Small companies should not be blamed for the low quality of bitumen as it is in fact giant export-oriented companies that are forcing them to produce low-quality bitumen in order to survive,…
Economy
The oil ministry has cut off natural gas supply to clinker producers, with the aim of helping them get rid of extra expenses they bear during the winter, said Abdolreza Sheikhan, the secretary of…
Economy
