Economy

A top official from the agriculture ministry has dismissed reports suggesting that 92 percent of water supplies are used in the agriculture sector, describing them as misleading for the public as…

A lawmaker on Monday called on the government to place “real privatization” on top of agenda as the first step official need to take to improve competitiveness in the market.

Exports to Iraq totaled $13 billion last year but can rise to $25 billion, the secretary of Iran-Iraq economic development commission Rostam Qasemi has said, calling for a stronger role of Iranian…

Commercial banks provided Iranian customers with 1,463 trillion rials ($45.7 billion) in loans in the first half of the year (ending September 22). The value of loans shows as much as 40 percent…

The value of Iranian exports to the European Union (EU) witnessed a 77 percent increase in August compared with the same month in 2013, reaching $102 million, Eurostat reported.

Trade…

As much as 231,000 tons of different types of commodities were offered on Iran Mercantile Exchange (IME) board on Monday.

One of the main goals pursued by the Securities and Exchange Organization (SEO) is to integrate the operational and management system in the capital market which will lead to development of…

Mobarakeh Steel Company increased its steel plates export during the first half of the current Iranian calendar year—which started on March 21—reported IRIB news. The export of the plates during…

Iran’s Association of Olive Oil said producers are expected to yield around 11,000 tons of the product, reported Mehrnews. Mohammad Hatefi, the head of the association, said out of 110,000 tons of…

A group of auto industry experts from Germany are expected to cooperate with Iran’s major carmaker Iran Khodro in its future projects, Hashem Yekeh Zareh, the company’s CEO told ISNA yesterday.…

The municipalities will participate in the government’s newly announced “social” housing scheme, the deputy minister of roads and urban development told ILNA on Monday. The municipalities will…

Total trade between Iran and Armenia stands at $300 million in value, and the number is expected to increase dramatically in the next few years, said first vice president Es’haq Jahangiri on…

The deputy minister of energy announced that the plan to transfer water from Vanak town in Semirom district of Isfahan Province to Dasht-e-Rafsanjan, Kerman Province, which was approved 18 years…

Negotiation is the only way to settle the row between Iran and Turkey over truck transit fees, the embassy of Iran in Turkey said in a statement, ISNA reported.

“We do not…

As food accounts for one fourth of household expenses, 25 percent of the gross domestic production in Iran is also dependent on food products, head of the food and drug administration said.

One of the prominent facets of the developed economies is economic transparency which comes from transparency in objectives, internal decision-making process, economic forecasts and models,…

The president of Kyrgyz Chamber of Commerce, Marat Sharshekeev, has announced that his country will seize opportunities for increasing trade ties with Iran, FNA reported from Bishkek on…

A “unified commercial window” will be opened on March 6, 2015, an online mechanism initiated by the government to facilitate inter-agency trade in Iran, said an official with the ministry of…

Twenty-nine percent of Iran’s oil revenues has gone to the National Development Fund of Iran (NDFI) so for this year (starting March 21, 2014), according to the fund’s deputy for economic affairs…

A high ranking delegation headed by the minister of communication and information technology, Mahmoud Vaezi has traveled to South Korea to take part in the 19th Plenipotentiary Conference (PP-14)…

The deputy minister of youth affairs and sports, Manaf Hashemi, announced Sunday that the ministry has signed a memorandum of understanding with Bank Pasargad, which he said is willing to support…

Various commodities were offered on the mining and industrial trading floor at the Iran Mercantile Exchange (IME) on Sunday, IME’s international affairs and public relations reported.

IranConMin is one of the industry’s leading trade fairs for international construction machinery, mining equipment and the building and natural stone industry. The IranConMin 2014 opened its gates…

The process of customs clearance has been reduced from 26 days to six, after the launch of a website for cargo declaration, Foroud Asgari, head of the Import Department of Iran Customs…

The row between Iran and Turkey over truck transit fees has heated up lately due to hikes in passage fees. The Turkish government decision to increase border crossing fees for Iranian trucks…