Economy

The governor of the Central Bank of Iran, Valiollah Seif, predicted the Iranian economy to grow and inflation to see further declines. Seif forecasted the economy would expand by three percent in…

The spot market at the Iran Mercantile Exchange (IME) witnessed an overall trade of more than 506,000 tons of commodities last week (ended Decem0ber 4), worth almost 9.7 trillion rilas, the IME’s…

The newly-formed national union of cooperatives for mines and steel - composed of numerous cooperatives in mining and steel manufacturing sector, plans to find a way to overcome the existing…

The head of the executive board at the Iranian Mines & Mining Industries Development & Renovation (IMIDRO) has denied reports on a recent decision to import Indian crude steel and steel…

The French automaker Renault has fallen short of fulfilling its promise to export Tondar 90 (Logan) spare parts to Iran, causing a decline in the production of the small family car here, ISNA…

Stocks at the Tehran Stock Exchange were knocked hard in the past week, ended December 3, with the TEDPIX wiping out almost 3 percent of its value to record one of its worst weeks within the…

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…