Economy

The pricing strategies used by the textile and apparel association have not been useful so far and the pricing system is fundamentally not feasible due to the wide variety in fabrics, design and…

Trading floors at the Iran Mercantile Exchange (IME) played host to 446,000 tons of oil-based commodities, chemicals, metals, and agricultural commodities on Wednesday, the IME’s public relations…

Despite previous announcements that the two major state-owned football clubs, Persepolis and Esteghlal, would be priced and be ready for auction by the end of the third quarter of the year, the…

The Bank of Industry and Mine has funded 23 industrial projects in six months beginning March 2014.

The bank financed loans and other financial facilities in Euros, Yens and rials. The bank…

Customers can now check the authenticity of Cooperative Development Bank’s guarantees on the bank’s website. Cooperative Development Bank’s customers can check the type, file number and the issue…

The necessity of implementing knowledge-based projects whilst understanding cultural issues was stressed by the Vice President for Science and Technology in a meeting with the Leader’s…

T he Central Bank of Iran is considering changing the base year, for calculating its indices and statistics, to 1395 (the Iranian year starting March 2016), the PR office of the central bank…

Turkish investors have visited the Anzali Free Trade Zone in the north of Iran, eyeing investment opportunities.

Bank Melli Iran customers can now transfer money via a mobile app using the recipient’s phone number.

However, the service can only be used if both users – the sender and the receiver –…

As a usual practice, in the recent 2015-16 budget bill presented to the parliament for review and approval, the administration has dedicated a section (Note 5) to National Development Fund of Iran…

More than 244,000 tons of oil-based commodities were up for grabs on the oil and petrochemical trading floor at the Iran Mercantile Exchange (IME), for local and overseas markets on Tuesday, the…

The minister of industry, mine and trade has called for the acceleration of investment in an iron ore concentrate plant in Hamedan Province, IRNA reported on Tuesday.

If the postponement of the nuclear deadline came as a disappointment to many, Iran’s auto industry, the largest non-oil sector in the country, looks set to benefit from the seven-month extension…

The recent broad retreat at the Tehran Stock Exchange (TSE) pushed down the benchmark to its previous record low, highlighting the TSE's unique Price Earning (P/E) ratio, which provides an…

More than 666,000 tons of lead ore have been produced by 3 subsidiaries of the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO), within the first 8 months of…

Following some speculations about possible replacements in the leadership of the Securities and Exchange Organization, new media reports claim that the successor to the incumbent SEO chairman, Ali…

The Central Bank of Iran (CBI) will allocate 10 trillion rials ($372 million at the offical exchange rate) by the yearend for plans to get new employment policies implemented, Hassan Taie, the…

Head of the Trade Promotion Organization Valiollah Afkhamirad called on Tuesday for the expansion of Tehran-Berlin bilateral ties, saying that the Geneva nuclear deal, reached between Iran and the…

The Persian Gulf Bridge, which is to be launched by March 2016, will play a significant role in transit of goods and economic activities in the region, Ali Akbar Shabani, CEO of Qeshm Free Trade…

In Iran the importance of spatial planning was first realized around five decades ago and the first stage of spatial planning was implemented by the government in 1966.

With economic and welfare policies adopted by the government, next year’s inflation rate is highly likely to plunge further, Ali Rabiee, minister of cooperatives, labor and social welfare, said on…

Iran’s share in the Iraqi market stands at less than 20 percent, while the number should reach 25 percent given the two sides’ strategic neighborly ties, Jahanbakhsh Sanjabi Shirazi, the secretary…

Saipa, Iran’s second largest carmaker is to implement a new plan to scrap dilapidated old cars in big cities and replace them with new vehicles. The manufacturer simultaneously aims to stimulate…

In the budget bill submitted on Sunday to the parliament for the next fiscal year, the share of oil revenue has dropped to 32 percent from 38-39 percent in the current year’s budget, Mohammad…

Foreign exchange facilities of the Export Development Bank of Iran have gone up by 40 percent in line with Iran’s rising exports as sanctions against the country ease.