Economy

The way to ensure that Iran’s economic growth will be strengthened in the foreseeable future is for real banking interest rates to come down, says the director of the Macro-Economics and Modeling…

More than 62 tons of saffron were exported to 32 countries during the first half of the current Iranian year (started March 20), registering a 10.5% rise compared with the corresponding period…

Plans are underway to increase the area under cultivation of medicinal plants for commercial purposes by 9,000 hectares to reach 49,000 hectares, says an official with the Ministry of Agriculture…

South Korean Ambassador to Iran Kim Seung-ho on Monday discussed different aspects of relations and priorities between the two major trade partners Iran and South Korea, especially in the new…

Minister of Cooperatives, Labor and Social Welfare Ali Rabiei left Iran for Mexico on October 17 to survey opportunities of bilateral cooperation with his Mexican counterpart, Alfonso Navarrete…

A delegation from Tehran Chamber of Commerce, Industries, Mines and Agriculture is scheduled to visit the Austrian states of Carinthia and Styria as well as Germany’s Bavaria from November 20 to…

Iran is expected to export close to 15 million tons of iron ore by the end of the current fiscal year (started March 20), the head of Iranian Iron Ore Producers and Exporters Association said.

The services sector employed 49.4% of the Iranian population, whereas industrial and agricultural sectors provided 31.4% and 19.1% of the population with jobs respectively.

This was stated…

Organized by MillionaireAsia Pte Ltd and in collaboration with Hong Kong-based Basio Consultants and Services Ltd, the First Iran Investment Summit will be held in Singapore on October 26. A large…

Luxembourg’s Economy Minister Etienne Schneider started his three-day visit to Iran on Monday.

He is accompanied by a Chamber of Commerce business delegation comprising 40 representatives…

Iran’s Ports and Maritime Organization is planning to expand the capacity of Iranian commercial ports from the current 209 million tons to 217 million tons, managing director of the organization…

Tehran Stock Exchange’s main index gained 138.10 points or 0.18% to end Monday trade at 77,707.2.

More than 945 million shares valued at $106 million changed hands for the day.

Negin…

A Turkish delegation of auto parts suppliers visited Pars Khodro’s production plants this week and announced their interest in expanding collaboration with the Iranian company.

The…

Renault has launched the Adventure Edition of the Duster in India for the reasonable price of 964,000 rupees ($14,497/500 million rials).

The Adventure Edition will be offered on both the…

Renault is to produce its hugely popular model, Kwid, in Iran and it is to be priced at about 31 million rials ($8,800 at market exchange rate).

Minister of Industries, Mining and Trade Mohammad Reza Nematzadeh discussed expansion of bilateral ties with his counterparts and private sector directors from ASEAN member states.

During a…

Marine industries have applied for one trillion rials ($31.6 million) in loans from banks since the beginning of the fiscal year in March, said the head of the Fund for Development of Marine…

Vice-governor of the Central Bank of Iran says the banking overhaul plan has been devised, among other things, to curb the effects of a war between the banks and credit institutions on interest…

The Central Bank of Iran has issued new guidelines clarifying domestic banks’ interaction with their foreign peers and businesses. The guidelines, published in the form of a directive Sunday,…

Tehran Stock Exchange’s main index lost 317.30 points or 0.41% to end Sunday trade at 77,569.1.

More than 1.1 billion shares valued at $75 million changed hands for the day.

Vehicle…

Iran’s railroad transportation capacity needs to increase fourfold to 88 million tons in about nine years to help fulfill the steelmaking target set in the 20-Year Vision Plan (2005-25), said an…

A large segment of Iran’s workforce is jobless.

A new study shows long-term unemployment at alarming levels, especially among college graduates and women. Although Iran’s economy is…

In a bid to minimize the export of unprocessed iron ore, all producers of the industrial material are mandated to prioritize meeting the domestic demand by offering their products in Iran…

Iranian steel buyers struggled to fix prices last week despite the stagnant market, which usually favors them in determining prices rather than sellers.

The above statement was made by…

About 33,000 tons of seafood worth $95 million were exported five months into the current Iranian year (started March 20), registering a 52% and 38% rise in weight and value respectively compared…