Economy

Chairman of Iran-China Joint Chamber of Commerce Asadollah Asgar-Oladi said that China has to finance several Iranian projects and continues to do so.

"We agreed to receive our money in the…

Investments worth $1.3b have been made in the ports and maritime sectors since the current government took office despite restrictions and problems facing the country, said the roads and urban…

The Central Bank of Iran has dismissed claims that the government is justifying the budget by manipulating the foreign exchange rates, according to an announcement published on the CBI website…

The Azadi bullion coin steadied below the 10 million rial per coin mark on Thursday after a four-week rally amid fears of economic hardships due to plummeting oil prices.  

“The gold…

The domestic steel industry has failed to achieve the 5-million-metric-ton increase in annual production set for the current Iranian calendar year (started March 21), said the chairman of the…

The French auto manufacturer Renault said its Iran sales in 2014 indicate a 16% decrease compared to 2013, despite the lifting of sanctions on car imports to Iran, reported Tasnim news agency on…

The week’s trade at the Iran Mercantile Exchange (ended on December 17) recorded more than 412 and 76 percent hike in copper trade volume and value, respectively, IME’s public relations and…

The new chairman of the Securities and Exchange Organization, Mohammad Fetanatfard, has underlined tackling serious challenges facing the listed industries at the equity market as his main concern…

The 21st International Exhibition of Packing and Printing Machinery will kick off on December 27 in Tehran, reported IRNA. Over 450 companies from Iran and 15 foreign countries will attend the…

Construction on Tehran heights is not a very new phenomenon. In recent years, certain factors such as surge in prices of land in the city have shifted the attention of builders to green spaces,…

The main responsibility of the Central Bank of Iran (CBI) at the present time is to “overcome the galloping inflation inherited from the former government”, President Hassan Rouhani told in the…

India has decided to launch a ‘reverse special economic zone’ in Iran, India’s Minister of Chemicals Fertilizers, Ananth Kumar, said on Wednesday as reported by IRNA. The Indian initiative refers…

The administration is planning to reduce the market exchange rates, since it does not regard the current one as valid, Mohammad Baqer Nobakht, vice president for planning and strategic supervision…

The Minister of Roads and Urban Development, Abbas Akhoundi, said on Wednesday that Iran’s road system requires a complete overhaul in order to keep up with population growth and increasing the…

The total amount of the loans to be paid by the small industries guarantee fund to the manufacturing units will increase from the current 10 billion rials ($371,000 at official exchange rate) to…

Around 60 percent of Bank Melli’s funds are inaccessible, said the bank’s CEO Abdonnaser Hemmati, as he explained the cause for the blockage.

Melli has one quadrillion rials ($28.5 billion…

The dollar reached a 1-1/2 year high on Wednesday as stocks slipped further and oil prices sent investors scurrying for the cover of foreign currencies.

PC sales have declined by 2 percent in 2014, with sales remaining flat to slightly negative for the next five years, according to a new research document by the International Data Corporation (IDC…

In a joint letter to the Central Bank of Iran, the CEOs of public and private banks asked the CBI governor to intensify the bank’s supervision over the performance of banks and credit institutions…

The director of the National Development Fund of Iran (NDFI) rejected recent reports that the government has illegally withdrawn around $4.1 billion from the fund’s account.

The job market has not much benefited from the loans granted by commercial banks, Minister of Cooperatives, Labor and Social Welfare Ali Rabiee said.

Minister of Roads and Urban Development, Abbas Akhoundi, has urged the private sector to play a more active role in the development of ports, saying that despite some financial restrictions the…

The government has more than 75,000 unfinished infrastructure projects in hand, completion of which would require around 4,170 trillion rial ($154 billion at official exchange rate) in investment…

Since the discovery of the first oil well in Masjid Suleiman in 1908, Iran has produced over 100 billion barrels of crude oil. In the meantime, although efforts to develop and industrialize the…

The ministry of agriculture has banned setting up of new poultry units across the country. Hassan Rokni, a deputy minister, argues that the government prefers to help improve the quality of the…