Economy

Government agencies have been biased in favoring a commercial company, in a €650 million ($840 million) corruption case, according to parliament’s Article 90 Committee.

The Central Bank of Iran kept official foreign exchange rates unchanged on Saturday, signaling its disapproval of the recent fluctuations in the market.

The CBI offers 39 currencies via the…

Potato exports have increased 143% in the first five months of the current Iranian year, which started March 21, compared to the same period last year. Over the period, the country exported 77,700…

The project to connect Iran to Afghanistan through railway is reaching its final stages inside Iran after the completion of Rashtkhaar station in the northeastern province of Khorasan-e Razavi.…

Zarshooran Gold Mine Complex has produced its first sample of gold ingot, said the mine supervisor Reza Alvan to Eghtesad News. The gold mine, which is set to be officially inaugurated next week,…

The government has purchased 6.6 million tons of wheat from domestic farmers so far this year, Tasnim News Agency quoted Mohsen Maleki, who is in charge of the project to buy wheat at guaranteed…

Stocks finished the second trading day at the Tehran Stock Exchange (TSE) with slight losses as investors fled equities and currencies markets on mounting concerns about a contagion effect from…

Recent reports show that car production in Iran has increased this year in spite of falling demand. The auto industry has long been blessed to have state support, and now some critics say that's…

A row over the intervention of business leaders and banks in the Scottish independence debate has intensified on the final weekend of campaigning.

First Minister Alex Salmond said the Scots…

Iran’s biggest automaker, Iran Khodro, produced 32,809 cars in the fifth Iranian month (July 23-August 22). The number is 65.1% higher than the previous month’s 19,873. The increase applies to…

Iran Privatization Organization has offered 99.99% of the shares of Iran East Iron Ore Company, that is 1.3 million shares in total. The IPO said the bulk would be offered at a base price of 71,…

Iran Mercantile Exchange is planning to establish Project Funds aimed at financing over 2,900 incomplete projects across the country, said a deputy at the exchange.

Stocks slipped from early trading on Saturday, extending their recent drop, as more people seek a safe haven away from the stock market instead of selling off their shares.

According…

Agricultural Jihad Minister Mahmoud Hojjati on Saturday called for further cooperation with France, saying that the European country has an “advanced” agriculture sector. In a meeting with Head of…

Export Guarantee Fund of Iran is going to provide export credit facilities with up to 5 trillion rials ($188 million). The fund executives have signed a memorandum of understanding with Sarmayeh…

RenCap has expressed willingness to enter Iran’s equity market.

The leading Russian investment bank’s top executives have held a meeting with officials at Tehran Stock Exchange with the aim…

The idea of totally ending the government’s role in regulating the national economy is a wrong notion, government spokesman Mohammad Baqer Nobakht said Saturday.

The Parliament (Majlis) Research Center conducted a survey this week to reveal why the country’s banking system is unable to recover its overdue loans even when there is collateral provided by the…

Avishan, the second land and structure fund (LSF) founded in Iran, has gone through its Initial Public Offering and its investment units are now tradable in the secondary market.

The LSFs…

The Azadi gold coin took a hard hit today, melting to a seven month trough, as Tehran's traders responded to the precious metal's global fall.

The sell off continued well into the Tehran's…

Iran exported $1.078 billion worth of goods to Afghanistan in the first five months of the Iranian year – which started March 21 – said Iran’s commercial attaché to Afghanistan. Cement, steel, and…

A delegation from the Romania-Iran joint chamber of commerce is on a 4-day visit to Iran. The Romanian delegation will discuss ways to expand trade ties with the Trade Promotion Organization of…

Only a 15% of the graduates in Iran have enough job skills to enter the market, said the deputy minister of cooperatives, labor, and social welfare to Mehr news agency. Kourosh Parand said some…

Experts believe at least $50 billion in investment is needed if the government is going to avoid more frequent blackouts in large cities.

Power authorities face many challenges, especially…

The government faces an enormous challenge in providing the housing sector with the required finances to complete the semi-finished and new projects. The sector currently relies financially on…