Economy

Between 35% and 40% of the country’s recycling industry has been shut down due to complications regarding the National Environmental Fund, ISNA cited the head of Iran Recycling Industries Union as…

The parliament believes all mines across the country, and not only the big ones, should pay royalties, Eghtesadnews quoted member of board at the parliamentary commission for industries and mines…

Fragile atmosphere still reigns over the Tehran Stock Exchange (TSE), with the benchmark tanking almost 1.4 percent in the week that ended January 14 to settle at 65,000 point.

Coal reserves in Iran, which constitute about 550 million metric tons of proven and 1200 million metric tons of potential fossil fuel reserves, have long been neglected by the officials due to…

During the first nine months of this year (March 21-December 21), more than 134.5 thousand tons of pistachio, worth above $1.2 billion, have been exported, which registers 75 percent rise compared…

Kazakhstan is poised to commence its preferential trade with Iran, Vallyollah Afkhamirad, the head of Trade Promotion Organization (TPO), said after visiting Emiriev Baghdad Kultaovich, the Kazakh…

Iran has taken over the presidency of the Group 77 (G77) in the Food and Agriculture Organization of the United Nations (FAO). The chairmanship was transferred from Cameroon to Iran in…

Thirteen million dollars worth of handmade carpet have been manufactured and exported from West Azarbaijan Province since the beginning of the current fiscal year, Asad Darvishi, head of the…

Top officials from Iran and Turkey signed a memorandum of understanding (MOU) aimed at facilitating trade between the two countries as well as ending a three-months-long dispute over truck transit…

Iran has been bearing losses of about $2.5 billion per month ever since the international oil price plummeted by more than 56 percent  from its peak of $114 per barrel in June last year to…

Following the Financial Tribune’s report last week on the low-profile entry of Microsoft in Iran, another development has occurred to back up the claim that Microsoft is now beginning to support…

Shetab is Iran’s only nationalized ATM card system currently in use. Right now it is not accepted abroad but one day in the not too distant future that could change.

The world expects a lot of its central bankers,” wrote The Economist. Politicians demand that they control inflation, keep the economy growing and the financial sector stable. The same goes on in…

The Swiss franc is set for a huge jump versus the rial on Saturday, as Tehran catches up to late Thursday’s changes in the global arena. Stunning monetary-policy shifts in Switzerland and India…

The Iran Mercantile Exchange (IME)’s oil and petrochemical trading floor on Wednesday featured, for the first time, commodities supplied by a Singaporean company.

According to IME’s public…

Giant carmakers Iran Khodro and Saipa produced 83% of the vehicles in the market during the first 9 months of the current Iranian year (ending December 21, 2014), reported ISNA on Wednesday.

Development projects worth $5 billion in the steel sector are ready and awaiting funds from the Iranian and foreign investors, Mehdi Karbasian, head of the Iranian Mines and Mining Industries…

The construction of an aluminum factory has officially started in the southwestern city of Masjed Soleyman, in a ceremony attended by local officials including the governor of Khuzestan province,…

Iran is planning to build cement factories in Libya and Iraq, ISNA quoted the minister of industry, mine, and trade as saying on Wednesday. The ministry added that the country is highly capable…

Stocks edged up at Wednesday close with the benchmark notching up 0.02 percent, following a seesaw trading day at the Tehran Stock Exchange (TSE) as investors lined up over upbeat news about…

Domestic steel producers still suffer from the declining prices especially those of reinforcing bars (rebars), reported Fooladnews on Wednesday. The declining prices of rebars are much worse than…

The government has allocated 23 trillion rials ($850 million at official exchange rates) in the next year’s budget bill to settle the debts it holds to the Social Security Organization (SSO), the…

Bank Saderat has announced it will now offer special services for people who work in the medical sector, Banker news reported.

The new offer primarily aimed at doctors and nurses across the…

State-owned commercial lenders will raise capital to increase lending to the private sector, lawmakers decided on Wednesday. The parliament ratified a bill to raise the capital of the banks by 100…

Private lender Sina issued its latest financial statements on Thursday. The financial statements include Sina Bank’s balance sheet, income statement, statement of cash flows of previous periods…