The free movement of money across the borders of states, which is a familiar practice in some western countries, is at odds with legislators and policy makers in Iran.
Economy
Economy
It is indicated in the budget bill submitted by the Iranian government to the parliament that next year we may expect a balanced budget. The government revenues would be 2,673 trillion rials, 3.8…
Economy
More than 240 major national projects are set to become operational by yearend (March 21, 2015), Mohammad Bagher Nobakht, vice president for strategic planning and supervision said in a meeting…
Economy
The value of ‘suitcase trade’ – purchasing consumer goods where prices are low and later selling them elsewhere for profit – in the first eight months of the current year (March 21-Novemebr 21)…
Economy
An Iranian petrochemical company will export its first shipment to Europe after a few years of hiatus in exports due to US-led sanctions over Tehran’s nuclear energy program, reported iribnews on…
Economy
Heavy profit-taking pressure coupled with lingering uncertainties surrounded the equity market and pushed stocks to experience a fresh downturn since November 15, wiping out a batch of gains made…
Economy
A local industry official said that 33 mines have became operational, with estimated mineral reserves of 716 million tons in total, since the beginning of the current Iranian year (started March…
Economy
Competition among the rebar (reinforcing bar) producers to grab more market share has caused the prices to drop between 50 to 150 rials per kilogram in the steel market, Fooladnews reported…
Economy
Iranian bus manufacturers recorded zero output during the Iranian calendar month of Aban (ended November 21), reported ISNA.
During the similar period last year, major bus manufacturers…
Economy
The inflation rate in Iran's rural areas reached 17.3 percent in the Iranian month of Aban (ending November 21), down 1.6 percent from one month earlier, a recent report released by the…
Economy
The Central Bank of Iran has taken a “disciplinary” approach, rather than a contractionary one, to help the government curb inflation, and provide for an exit from recession at the same time, a…
Economy
The director of Aras Free Zone Organization said the most important thing for the northern trade zone is to develop more industrial projects by attracting foreign investors.
Economy
The Azadi gold coin advanced to a seven-month high driven by gold’s five-week rally as safe haven demand increased.
The Azadi benchmark surged 1.24 percent and hit 9,800,000 rials by 13:57…
Economy
The government spokesman has described the parliament’s report about a large withdrawal of money from the National Development Fund of Iran by the government as “unreal.”At a press conference held…
Economy
President Hassan Rouhani said on Wednesday that reliance on oil revenues has considerably reduced in next year's budget.
"The unprecedented oil price fall has made it possible for the…
Economy
Finnish Outotec Company’s announcement that it is willing to provide technologies and services to Iran’s mining and mineral processing industries was a much talked about event in Iran’s mining…
Economy
The governor of the Central Bank of Iran, Valiollah Seif, made a public announcement on Saturday about the so-called “unauthorized financial institutions,” which are believed to have run a…
Economy
Tehran Municipality has announced a plan to sell hundreds of housing units already built in the Tehransar neighborhood by the end of this year, ending March 2015, according to Mehr news agency.
Economy
Some 15 trillion rials ($557 million at official exchange rate) is annually earmarked to improve the domestic railway network, Mohammadreza Nosrat, deputy manager of the Islamic Republic of Iran…
Economy
Iran and Venezuela plan to expand economic relations, according to Mohammadreza Nematzadeh, minister of Industry, mine, and trade. The minister said in a meeting with the visiting Venezuelan…
Economy
Some 10 trillion rails ($371 million at official exchange rate) has been allocated to expand aquaculture, Hossein Abdolhay, the deputy manager for aquaculture in the Fisheries Organization, said…
Economy
The Novaran Amin Data Processing Company (NADPCO) has been approved by the Securities and Exchange Organization (SEO) as the 11th consulting company to operate at Iran’s capital market, SENA…
Economy
Khalij Fars special economic zone has approved land appropriation for a joint steel venture between Iran and Kuwait, MNA quoted head of the Iranian Mines and Mining Industries Development and…
Economy
More than 722,300 cars were manufactured during the first 8 months of the current Iranian calendar year (ended November 21), indicating 69.8% growth compared with the same period last year,…
Economy
Stock markets have their breathtaking ups and downs, and as matter of fact, both individual and institutional investors may experience losses, though unsettled investors may possibly go wrong in…
Economy
