Allegations that the government withdrew $4.1 billion from the country’s sovereign wealth fund, are baseless, said the government’s spokesman, Mohammad Bagher Nobakht.
“Those who have…
Economy
Economy
Trade between Iran and Ireland has been hampered in recent years due to the ongoing closure of the Irish embassy in Tehran. In 2012, the Irish government decided to shutter the embassy stating a…
Economy
Japan is willing to make investment in Iranian infrastructure projects, including the under construction Isfahan-Tehran high-speed railway, ISNA reported on Saturday.
Economy
Standard Chartered Plc. has hired two former prosecutors to police its transactions for criminal activity, a spokesman said on Friday, as the British bank wrestles with a series of legal and…
Economy
After six months, China has eventually announced the offering of €18 billion in credit to the giant industrial projects in Iran, Tasnim news agency reported on Friday. Beijing has already agreed…
Economy
The parliament is mulling over to set the guaranteed price of agricultural commodities via the Iran Mercantile Exchange. Formerly, the government guaranteed farmers to purchase their products but…
Economy
Over 66% of the plan drawn up to produce copper cathodes in the current Iranian calendar year (ending March 20, 2015) has been realized, IRNA reported on Friday citing a top official at the…
Economy
The annual 20-million-metric-ton sThe annual 20-million-metric-ton surplus in the cement sector together with theurplus in the cement sector together with the continuous stagnation in the capital…
Economy
Iran has agreed to give a subway project in its northeastern city of Tabriz to a Turkish contractor, the Pakistan’s Customs Today reported.
Economy
The Tehran Stock Exchange (TSE) wrapped up the week's trading days ending December 24 on a relative high note, with the overall index registering almost 0.95 percent gains, and recording the first…
Economy
Bimeh Markazi (Central Insurance of Iran) has released a report criticizing some Iranian insurers for not filing data about their risky assets. On Thursday, regulator Bimeh Markazi published…
Economy
C hekavak, an electronic check processing system, is to go operational in Tehran from Saturday with the primary target of eliminating the circulation of physical checks in the banking system and a…
Economy
Since western sanctions intensified against Tehran, Iran’s pharmaceutical industry has been among hardest hit sectors, as the country is heavily reliant on pharmaceutical imports to meet its needs…
Economy
Bank Keshavarzi (agriculture) has conducted a set of exercises to implement emergency protocols for providing services to customers in case of a cut off from data systems.
The exercise took…
Economy
Saderat (exports) Bank offered 442 trillion rials ($12.4 billion at market exchange rate) in loans from March to October this year.
The loans have been given by the Tehran-based lender to…
Economy
An official has confirmed that Iran has up to $100 billion in frozen assets in foreign banks.
Yahya Al E’shaq, head of Tehran’s Chamber of Commerce, Industries, Mines and Agriculture, said…
Economy
Plans are underway to turn the Birjand Special Economic Zone (SEZ) into an attractive destination for foreign and domestic investors, Secretary of Free Zones High Council, Akbar Torkan, said on…
Economy
Iran is to send commercial envoys to Italy, Uzbekistan, Turkmenistan, Afghanistan and South Korea to scope out trade opportunities with these countries, Reza Abbasgholi, an official with Iran’s…
Economy
The Rouhani administration has submitted next year’s budget bill to the parliament amid plunging oil prices, sanctions and other economic problems that have left a contracting impact on the budget…
Economy
The southeastern province of Kerman will export agricultural crops, mainly onion, to Central Asia, Islam Shahrokhi, a local official with the ministry of agriculture has announced. He added that…
Economy
Some 100 billion rials (above $3.7 million at official exchange rate) has been earmarked to start construction of the 1300-kilometer-long Zahedan-Birjand railway, Abbas Akhundi, the minister of…
Economy
Inflation in Azar (the Iranian month ending December 21) reached 16.8 percent, down from 17.8 percent a month earlier, Mohammad Baqer Nobakht, vice president for strategic planning and supervision…
Economy
The government carefully supervises the distribution process of subsidized flour, Mojtaba Khosrotaj, the deputy of Industries, mines, and trade said in Rasht, as reported by ISNA on Friday. …
Economy
The vice president for science and technology announced that the amount of research funding in different areas has increased between 3-14 percent in next year’s budget, MNA reported on Wednesday…
Economy
The Rouhani administration seeks to create an international financial hub in one of the free economic zones as Iran moves towards opening its market and securing its place as the region’s frontier…
Economy
