Economy

Croatia has expressed interest to fulfill its energy needs through cooperation with Iran’s energy exchange, a member of the central securities depository of Iran (CDS) told Securities and Exchange…

Around 232,000 metric tons of polymers, metals and agricultural commodities were traded on Tuesday at the Iran Mercantile Exchange (IME), IME’s PR and international affairs office reported.

Following the unprecedented stagnation in the domestic steel market during the past year, which put many steel manufacturing plants on the verge of closing, several major steelmakers now have…

After Iran and the P5+1 group of six world powers decided to extend their nuclear talks for another seven months hours before the self-imposed deadline of November 24, most of the skeptical…

The Middle East’s largest carmaker, Iran Khodro (IKCO), said it annually exports 20,000 automobiles to Iraq, IRIB News reported. Gholamreza Mehdizadeh, IKCO’s director of exports to Middle East…

Several lawmakers have recently called on the Rouhani administration to include the 3rd phase of the subsidy reform plan in next year’s budget bill. Analysts, however, believe that a number of…

Under the recent agreement between the Securities and Exchange Organization and the Iranian National Tax Administration, the SEO submitted to INTA the names of 84 listed companies at the Tehran…

Two Iranian banks have begun to finance a number of projects from the resources provided by Chinese funds, the head of Iran-China Joint Chamber of Commerce told Tasnim news agency on Monday.

The rial fell against all major currencies on Monday.  The US dollar gained the most versus the rial, advancing by 0.49 percent to 32,610 rials by 14:30 GMT. The euro and the sterling also…

More than 610,000 cars were manufactured during the first half of the current year, recording an increase of nearly 72 percent in comparison with the same period last year, Javad Taghavi Sabzevari…

Mobile phone use in Iran has long been an area of interest for the world’s mobile phone manufacturers and for tech industry experts alike. The country has one of the most tech savvy populations…

Tejarat Bank has announced that its customers can now do direct card-to-card money transfers through a new mobile application. As reported by Banker.ir, the new upgraded mobile app works for both…

The share allocated to development projects in the next years' budget bill stands at 500 trillion rials ($18.6 billion based on official rate), which shows a 20-percent rise compared with that of…

In a joint meeting on Sunday evening, Mohammadreza Nematzadeh, the minister of industry, mine and trade, and Ali Rabiee, the minister of cooperatives, labor, and social welfare explored the…

Integrated coastal management (ICM) will significantly improve Iran’s access to global trade, Minister of Roads and Urban Development Abbas Akhoundi said on Monday.

An economist in Tehran believes the next year’s budget should be based on an oil price of $50 to $60. Mahmoud Jamsaz, in an interview with ISNA in the weekend, urged the government to identify new…

The deputy head of Iran’s Mines House said his organization has submitted a request to the Central Bank of Iran for the establishment of a mining bank with initial capital of 6 trillion rials ($…

One third of the government’s tax income in the first three months of the current Iranian year (March 21 – June 20) came from “legal persons” including state-run and private companies, according…

First Vice President Es’haq Jahangiri has asked for the cooperation of the banking sector in helping small and medium size enterprises reach their potential.  “The smaller firms are facing…

Two copper development projects will come into operation this month one in Songon, East Azarbaijan Province and the other in Sarcheshmeh, Kerman Province, said Mehdi Karbasian, the head of the…

The deputy minister for industry, mine, and trade said the ministry has agreed to the Iranian association of cement manufacturers and exporters’ request for including cement in the list of…

Around 100,000 tons of granulated iron ore, worth $31 per ton, was offered by GolGohar Mining and Industrial Company on the export trading floor on Monday, IME’s public relations and international…

The situation for the Persian hand-woven carpets is critical in terms of the value of exports. The number for the past Iranian year (ended March 20, 2014) stood at $314 million, the lowest in the…

Stocks at the Tehran Stock Exchange pushed the TEDPIX up, staging a broad rally at Monday’s close, amid positive expectations among investors on a possible comprehensive nuclear agreement between…

Iran Privatization Company (IPC) has announced that 100 percent of the shares of Damavand Petrochemical Company (DPC) will be offered through Iran Fara Bourse or over-the-counter (OTC) market on…