Economy

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…

As part of its broader policy to widen economic rapprochement with its neighbors, Iran is resolute to expand trade ties with Qatar, Mohammad Reza Nematzadeh, the minister of industry, mine and…

Minister of Communications and Information Technology Mahmoud Vaezi on Wednesday called for the expansion of ties between the private sectors of Iran and Azerbaijan, saying that with further…

More than 528,000 metric tons of commodities were offered on the spot market at Iran Mercantile Exchange (IME), reported IME’s public relations and international affairs office on Tuesday.

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The serious crisis faced by the steel sector during the past Iranian calendar year (ended March 20, 2014) resulted in the closure of 40% of small-scale iron ore mines across the country,…

The Iran Mercantile Exchange said it was considering the import of scrap iron from the Commonwealth of Independent States (CIS) through the Interexchange Electronic Union (IEU), reported IME’s…

After 5 days of steady downtrend that resulted in more than 5 percent slump in the equity market’s benchmark, the Tehran Stock Exchange (TSE) initiated crawling up to recover a small chunk of the…

The Securities and Exchange Organization (SEO) has criticized the banks for offering interest rates of higher than 22% - as instructed by the Central Bank of Iran (CBI), reported MNA on Tuesday.…

In a bid to attract foreign investment especially in industrial sectors around Tehran province, the Industry, Mine and Trade Organization of Tehran has organized a conference on developing…

An integrated strategic document for state-owned banks has been devised by the ministry of economic affairs and finance, announced the advisor of the economy minister for strategic management,…

A ministerial directive has instructed Iran Insurance Company to enhance the capacity of the insurance market by covering unknown risks that may be faced by the national economy, said Mojtaba…

Current fluctuations in the currency market are short-lived as the government is recommended to cautiously intervene in the market,  Hamid Zamanzadeh, a researcher at Iran’s Monetary and…

Iran’s startup web companies have come on leaps and bounds in the past twelve months. This week the Iranian Website News Agency highlighted a new startup called Kadokado.ir (originating from the…

Merchants can now exchange their foreign currency earnings at free market rates, partially easing trade and preventing cronyism.

The National Development Fund of Iran (NDFI) can invest 10 percent of its incoming money in specialized banks from now on. The sovereign wealth funds’ reserves can then be paid as foreign currency…

Iranian exporters doing business with Russia are entitled to make use of the facilities provided by the Russian-based Iranian Mail Business Bank , Mojtaba Khosrowtaj, the deputy minister of…

Iranian and Qatari ministers of labor on Tuesday signed a memorandum of understanding (MoU) in Tehran under which Iranian workers will be sent to Qatar, IRNA reported.

The MoU also calls…

Iran’s cigarette market is inundated with smuggled cigarettes due to enormous demand in the country for foreign brands as well as a ban imposed by the government on cigarette imports.

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Tunisia is poised to expand economic ties with Iran, Najib Houli, the head of the Tunisian chamber of commerce said in a meeting with members of Fars chamber of commerce in the provincial capital…

The government is planning to provide knowledge-based firms with cheap land in the industrial parks, Golamreza Soleimani, the deputy of Iran Small Industries and Industrial Parks Organization (…