Economy

Iran is resolved to broaden its economic relations with the world, minister of economic affairs and finance, Ali Tayebnia, said on Friday.

The transit fee spat facing trucks carrying goods between Iran and Turkey has hampered export between the two countries at Bazargan border, the Chairman of Iran-Turkey Joint Trade Commission Reza…

An official in the ministry of industry, mine and trade said that World Bank’s (WB) figure of -16.4 percent growth for Iran’s industrial production was only an estimate and not an official figure…

The High Assembly of Workers’ Representatives has called on the relevant labor officials to improve transparency in the terms of temporary contracts and the calculation of unemployment termination…

Iran’s second largest carmaker, Saipa, has said it would unveil 13 new products by March 2016, 70% of which will carry Saipa brand and will mainly be made of domestically manufactured auto parts,…

In the week ending Nov. 5, 258,000 tons of various commodities worth 5.68 trillion rials were traded on the spot market of the Iran Mercantile Exchange (IME).

The recent bullish trend at the Tehran Stock Exchange managed to broadly erase most of the stock market losses from the beginning of the current Iranian year (starting Mar. 21), as the TSE’s…

The Iran Mercantile Exchange will host the second international conference of Interexchange Electronic Union (IEU) consisting of commodity exchanges of the Eastern Europe as well as the CIS…

The Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) said it was beginning to carry out aerial geophysical surveys over 100,000 square kilometers of the country…

The southwestern province of Kohgiluyeh and Boyer-Ahmad exported 3,000 metric tons of industrial and mineral substances since the beginning of the current Iranian calendar year (starting March 21…

Private sector role in semi-complete and new mining projects is of the ascending order and businesses should be encouraged further to invest in the industrial and manufacturing sectors, the…

The Azadi gold coin took a large hit on Wednesday, following the drop in gold spot price as the dollar rallied in the international markets. The benchmark gold coin fell by 1.2 percent, to a nine-…

Following our introductions to Iran’s Free Trade Zones, we will now move on to the next section in commercial areas, this time the Special Economic Zones.

The term special economic…

Commercial banks in Iran charge high interest rates on loans they award to exporters, according to the CEO of the Export Guarantee Fund of Iran, who complained that the high interest rates on…

Indian refiners completed payment of $900 million in frozen oil revenues to Iran on Wednesday under an interim deal that eased some sanctions against Tehran over its nuclear energy program, said…

Total premiums grew by over a third in the six months ending September 22, compared to the same period last year. The high growth rate in the insurance sector came despite the financial sanctions…

The number of foreign trade delegations traveling to Iran for exploring investment opportunities has increased eightfold this year compared to the previous year, Abolfazl Koudei, director of…

A working group led by the minister of communications and information technology, Mahmoud Vaezi, is paying a visit to Azerbaijan on Thursday, AzerTag reported.

Olive production since the beginning of the current Iranian year (March 21, 2014) has dropped 30 percent, Ahmad Bolandnazar, the head of the National Oil Council told MNA on Wednesday. Almost 70,…

A trade expert in Tehran criticized the recent attempts by the government to raise exports to Russia, calling them “politically driven.”

“The issue of exports to Russia has created real…

Germany, Switzerland, Italy and Netherlands have been among the 10 main exporters of goods and services to Iran in the first half of the current Iranian year (March 21-September 22).

In a recent visit to the Damghan-Galugah highway which runs from Iran’s Mazandaran province to the northeastern Semnan province, the CEO of Construction and Development of Transportation…

Fruit exports have the potential to generate revenues 3 to 8 times higher than a barrel of oil, according to Reza Noorai, chairman of Iran’s Export Confederation.

No budget deficit will be in sight for fiscal year 2014/2015, though oil prices have drastically fallen in recent weeks, a top economic official said on Wednesday.

Government Spokesman…

Iran’s average urbanization rate has reached 73 percent, said Mohammad Pejman, the deputy minister of roads and urban development to IRNA on Wednesday.