Economy

Mortgage-backed securities, which experienced unprecedented price hikes during the past few months, even reaching 1,000,000 rials for a 5-million-rial housing loan in May, have lost some value,…

The export of iron ore during the eighth month of the current Iranian calendar year (ended November 21) declined 90 percent to reach 144,900 metric tons, based on official statistics from the…

Limited access to financing is one major problem Iranian industries are facing, Mohammad Ali Seyed-Abrisham, managing director of Iran’s Small Industries and Industrial Parks Organization (ISIPO…

The government can charge buyers of Mehr Housing units not more than three million rials ($111.5 at the official exchange rate), a ceiling already set for tax on each unit, Mohammad Mehrabadi, the…

More than 169,000 tons of agricultural products have been exported from the western Iranian province of Kurdistan in the first eight months of the current year (which started March 21), Karim…

Domestic manufacturing should have priority over promotion of the so-called free trade with the rest of the world, Mojatab Khosrotaj, the deputy minister of industry, mine and trade, said on…

The newly-inaugurated transnational railway linking Iran, Turkmenistan and Kazakhstan will transform the transit procedure in the region, said President Hassan Rouhani’s Chief of Staff Mohammad…

Hundreds of Turkish trucks are waiting in a 20-kilometer queue on Iranian border to have their tanks sealed before entering Iranian territory, IRNA reported on Friday.

The government has authorized the revival of the Management and Planning Organization (MPO) through merging two presidential offices, MNA reported on Wednesday.

Malls here, malls there and malls everywhere!  The ubiquitous presence and influence of these monstrous structures across Tehran and other big cities are causing some real concern.

Bimeh Iran (Iran Insurance Co.) has paid $3.9 million to Iran Aseman Airlines in an insurance claim.

The insurer paid the money to cover the airline’s loss of revenue due to the…

The Bank of Industry and Mines is the first commercial bank to draw from the recently established Sino-Persian credit line to finance large infrastructure projects around the country.

The 21st national and seventh international conference on ‘Insurance and Development’ will be held today (Dec. 4), at the IRIB International Conference Center, the PR office of the Central…

On December 3, as many as 9 major cities across Iran were officially covered with the wireless communication of high-speed data for mobile phones and data terminals known as Long-Term Evolution,…

The Central Bank of Iran announced on Wednesday it is the sole authorized body to release information about banks and financial and credit institutions.

The real estate industry posted a brief gain in summer (June 22-September 22), followed by a slight drop in the average price of land and residential properties year-on-year, the Statistical…

Wednesday’s trade at the Iran Mercantile Exchange (IME) included 50,000 tons of graded iron ore produced by Mishdovan Iron Ore Mine Company, at the base price of $30 per ton, on the export trading…

The Tehran Stock Exchange (TSE)’s main index recorded a fresh decline on Wednesday, as the largest listed companies left a negative impact on the benchmark at the end of the day.

Iran’s premier container-handling port of Bandar Abbas is likely to enjoy a second consecutive year of growth, due to a recovery in Iran’s economy since the easing of sanctions imposed in the…

German businesses are optimistic about the restoration of German-Iranian trade ties back to the pre-sanction levels in the coming months, a board member of the Berlin-based business advocacy group…

Following the announcements on Tuesday that the administration has prepared the budget bill based on oil price of $70 per barrel, economists have rejected the decision as wrong.

Oil prices in international markets have drastically decreased, registering a four-year record low. The fall in price was predictable but the scale of such freefall took everybody by surprise,…

Pilot implementation of the Business and Sustainable Employment Development Plan known as TAKAPOO will soon start in six provinces, an advisor to the project said on Wednesday.

Iran’s 16th marine industry exhibition was officially inaugurated at the permanent site of Hormuzgan exhibition in Bandar Abbas, IRNA reported on Wednesday.

Large multinational information technology companies headquartered in Germany, Italy, and the UAE have expressed interest in investing in Iran, an official from the Trade Promotion Organization…