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
  • The development of e-government is the only way to eliminate corruption at all government levels, vice president’s deputy for legal and parliamentary affairs told IRNA this week.  

    Economy
  • T ehran has a huge pollution problem. We all know this to be one of the bugbears of living in this city.

    Economy
  • Turkey is seeking a permanent resolution to a transit fee dispute with Iran. The spat between the two neighboring countries has been resolved to some extent since Iran agreed to temporarily (for…

    Economy
  • The parliament’s research center has released a report criticizing next year’s budget bill for allocating what it calls “unrealistic” budget for capital projects. The budget bill proposed to the…

    Economy
  • An Enterprise Ireland delegation is planning to visit Iran in the new year to scope out potential opportunities for exporters, Irish Independent reported on Wednesday.

    Economy
  • Trade ties between Iran and Belgium is to enter a new phase following a recently-signed MoU between the two countries’ chambers of commerce, Mohsen Khalili Araghi, head of Iran-Belgium joint…

    Economy
  • The so-called Islamic State (IS) extremists earned up to $3 million in September alone just from illegal oil sales, according to US intelligence officials and experts, making the militants richer…

    Economy
  • The Dokouhaneh border customs near the city of Nehbandan can be used as a gateway for the development of trade with neighboring Afghanistan, Abolfazl Razavi, first vice president’s deputy for…

    Economy
  • The Ministry of Agricultural Jihad says it has plans to make more efficient use of water for irrigation purposes. “Less than 10 percent of arable land in the eastern province of Khorasan Razavi is…

    Economy
  • The agriculture sector can act as an alternative for the oil sector, deputy minister of labor Eskandar Zand told Fars news agency on Wednesday. “Promoting agricultural exports can help bring the…

    Economy
  • Iranian businesses are interested in investing in India’s steel and mining sector, said Iran’s ambassador to New Delhi, Gholamreza Ansari, during his meeting with India’s steel and mines minister…

    Economy
  • The Tehran Stock Exchange’ gauge recorded its third consecutive positive day to recoup some ground after recent sharp retreat and selloffs; however, the cloudy prospect of the economy is expected…

    Economy
  • New plans devised to develop mines across the country need financial resources as much as $29 billion, said Mehdi Karbasian, the head of the Iranian Mines and Mining Industries Development and…

    Economy
  • The industrial and mining trading floor at the Iran Mercantile Exchange (IME) played host to various rebar bundles, blooms, I-beams, hot and cold-rolled steel, aluminum ingots and billets on…

    Economy
  • The northwestern province of West Azarbaijan, which has some of the most diverse decorative stone resources among Iranian provinces, exports only 40% of the minerals it extracts every year, ILNA…

    Economy
  • The governments of Iran and China have concluded a contract to finance the construction of new subway lines between Tehran and two nearby cities, lawmaker Gholamreza Kataeb told FNA on Monday.

    Economy
  • Financial intermediaries act as “the circulatory system” for the economy as the body, the former vice chairman of Citigroup Inc said here in Tehran, “so an interruption in the function of these…

    Economy
  • The Head of the Hungarian chamber of commerce’s office in Yerevan has announced that the chamber is planning to set up a new office in Tehran in the near future, Fars News reported.

    “The…

    Economy
  • State-owned lender Bank Meill Iran is planning to expand its business in the United Arab Emirates, as the new CEO seeks to revive the bank.

    This is part of an agreement between Bank Melli…

    Economy
  • Export-Import Bank of India (Exim Bank) has agreed to shell out a new $150 million line of credit for Iran's privately owned banks.

    The Iranian lenders include Saman Bank, Parsian Bank,…

    Economy
  • Private lender Eqtesad Novin (EN) Bank has revised its charter as of Monday December 22. The Tehran-based lender held an extraordinary general meeting to make changes to its charter. The meeting…

    Economy
  • The vice presidency for strategic planning and supervision has required the ministry of roads and urban development to enforce 10 major programs to pave the way for the implementation of the basic…

    Economy
  • Iran and Russia will use the Iranian rial and the Russian ruble in their foodstuff trade and probably in their other deals in the near future, Mehr news agency cited Asadollah Asgaroladi, head of…

    Economy
  • Airports across the country are to be equipped with new radar systems made by western companies, said Mohammad Ali Ilkhani, the managing director of the Iranian Airports Company (IAC), on Monday…

    Economy