Economy

Gold coin futures contract for August delivery will be offered form Jan. 11 on the Iran Mercantile Exchange.

Each IME gold coin futures contract is for ten Emami gold coins. Each Emami gold…

Iran's Minister of Economy and Finance, Ali Tayebnia, says Tehran is eager to broaden economic relations with Kuwait, IRNA reported on Thursday.

He made the remarks in a meeting with Emir…

Aras Free Zone has absorbed $300 million in foreign investment thus far through discussions and endorsement activities carried out with the help of Iranian embassies in different countries,…

The fifth of January might go down in history as the day in which Iran’s ground breaking privatization process was delegitimized by the government itself. This day saw an outburst of criticism…

The price of bread, the staple food of most Iranian households, increased 30% about a month ago. However, in some cases, bread has been sold at prices higher than the level determined by the…

The value of retail exports of Iranian saffron reached $94 million in the first nine months of the current Iranian year (starting March 21, 2014), recording an increase of nearly 12 percent…

The government is planning to spend about 1.1 billion dollars (based on official exchange rate) on rural houses, Azizollah Mahdian, vice president for restoration and retrofitting of rural houses…

Iran is able to meet its domestic need of rice in the current year due to excessive import of the product during the past two years, Jamil Alizadeh Shayegh, secretary of the national Rice…

A new gold mine has been discovered on the outskirts of the northeastern city of Kashmar, in Khorasan-e Razavi province, IRNA cited the head of the provincial Industry, Mine and Trade Organization…

Stocks crumpled at Tehran Stock Exchange (TSE) at Wednesday’s close, with the TEDPIX plunging in bear market territory as the majority of the stocks took it on the chin in the face of escalating…

There is no restriction on the private sector to extract precious metals, excluding uranium, IRNA quoted the head of the Iranian Mines and Mining Industries Development and Renovation Organization…

Some 255,000 tons of commodities were offered in Iran Mercantile Exchange (IME) on Wednesday, reported IME’s public relations and international affairs.

Around 26,800 tons of bitumen were…

At least 1.3 million metric tons of iron ore pellets, worth $235.8 million, have been imported during the first nine months of the current Iranian calendar year (to end March 20), indicating a…

The minister of industry, mine, and trade, Mohammad-Reza Nematzadeh has strongly criticized the current state of mine exploration across the country, describing it as “wasting the country’s…

The United Arab Emirates will grow faster if Iran reaches a breakthrough in talks with the West as the Arab state has always acted as a gateway for Iranian business, according to a Dubai-based…

The Central Bank of Iran cannot control the money market because of interference by certain military figures or firms, the parliamentary news agency ICANA reported on Wednesday.  

Many…

In the absence of an integrated system to regulate the forex market, the Iranian policy makers have always faced a challenge to have access to precise and updated information on exchange rates.…

Iranian lawmakers have passed a proposal that would require the Central Bank of Iran (CBI) help provide financing for the cash flow problem facing industrial, mining, agricultural, and…

Bank of Industry and Mine has allocated 2 trillion rials ($740 million at official exchange rate) in loans for the development of deprived regions, IRNA reported.  The low-interest loans have…

Bimeh Markazi of the Central Insurance issued a warning on Wednesday against unauthorized insurance firms. The regulator noted that “certain individuals have established firms under fake title…

Iran’s minister of industries, mines and trade Mohammad Reza Nematzadeh and his Omani counterpart Ali bin Masoud Al-Sunaidy inaugurated an exhibition featuring Iranian products in Oman’s capital…

Head of Fisheries Department in Mazandaran province, Hassan Habibnejad, said on Tuesday that 361.9 kg of caviar, worth more than $314,000, were exported from the province in the first 9 months of…

The ministry of industries, mines and trade said on Tuesday that in the first eight months of the current year (end March 20), more than 253 million square meters of tiles were produced in Iran.It…

A group of cabinet and parliament members sat together in an unofficial gathering on Tuesday night to discuss the country's current economic issues; informed the Member of Parliament Kamalodin…

Outspoken, frank and informed minds have long warned against the threat of rampant corruption that is now damaging the integrity and social fabric of the country. Many have proposed ways to…