Since the beginning of the harvest season in March the government has bought more than 10.9 million tons of wheat worth 13.9 trillion rials (more than $3.92) from local farmers – 40% more than the…
Economy
Economy
To ease trade and avoid delays at points of entry to Baghdad due to security reasons, Iranian exporters and merchants are recommended to use the borders of Mehran in Ilam Province, Sumar in…
Economy
The goods and services Consumer Price Index for urban areas increased 8.7% in the 12-month period ending August 21, which marks the end of the Iranian month of Mordad, compared with last year’s…
Economy
The National Iranian Oil Products Distribution Company has come up with a new method for airlines to settle their refueling bills, giving rise to chaos and strong opposition by airlines.
Economy
Iran Chamber of Commerce, Industries, Mines and Agriculture has set September 4 as a date for a special election to fill its leadership seat now left vacant by the shock resignation of…
Economy
The Central Insurance of Iran will no longer issue permits for general insurance companies, reserving its permits only for specialized insurance entities, announced the planning and development…
Economy
Chief executives of several private banks have written to the Central Bank of Iran Governor Valiollah Seif demanding that they be allowed to adjust their interest rates instead of offering fixed…
Economy
Export Development Bank of Iran has provided loans to 155 small- and medium-sized enterprises since the beginning of the Iranian year (March 20), which mostly include producers of exportable…
Economy
There is no restriction on using credit cards that are going to be issued by domestic banks and cardholders can even purchase imported goods, said CBI’s deputy for supervisory affairs.
Economy
Executives of SAIPA, Iran’s second-largest automaker, asked insurance companies to introduce innovative insurance coverage to meet the carmaker’s needs. During a meeting with chief executives of…
Economy
Islamic Republic of Iran Customs Administration earned 46.7 trillion rials ($1.32) in during the first four months of this fiscal year (March 20-June 20), which was 10% above the figure for last…
Economy
It is estimated that 4.5 million tons of citrus fruit will be produced in Iran in the current fiscal year that ends in March 2017, which would register a 10% rise compared to last year, according…
Economy
Iran’s iron ore sector has hit a rough patch as 90 iron ore mines out of a total of 190 have shut down in recent months, according to Ghadir Giafeh, the head of board of directors at Iron Ore…
Economy
The 25th Persian Handmade Carpet Grand Exhibition, which is considered the biggest event in its kind worldwide, opened on Monday in Tehran at the Permanent International Fairgrounds, Iran’s…
Economy
Azna Steel Complex in Lorestan Province is to resume operation after 14 years by November using new Chinese-made machinery and equipment, Lorestan’s Governor-General Houshang Bazvand has announced…
Economy
Iran Khodro Company will participate in Moscow Crocus Expo that will be held in the Russian capital from August 24 to September 4. The company will showcase three cars at the event, namely…
Economy
Iran’s Standards and Quality Inspection Company has released its latest report on auto after-sales services for the last Iranian year (ended March 19).
In order to monitor the…
Economy
Mercedes is finally getting into the electric car game, with plans to roll out a line of battery-powered offerings by the end of the year.
Whatever that means for the company’s future and…
Economy
A 30-member Russian delegation comprising representatives from public and private sectors will take part in a forum in Tehran dubbed "Long-Term Presence in the Russian Market". The forum is…
Economy
Iran’s 120 steel pipe and profile manufacturers with annual production capacity of 18.5 million tons are capable of meeting the infrastructure development needs of the Iraqi people, said the head…
Economy
The Iran Chamber of Commerce, Industries, Mines and Agriculture accepted its president’s resignation at a meeting on Sunday.
Economy
Kavir Damghan Steel Company is to employ the so-called Stelco-Lurgi/Republic Steel-National Lead (SL/RN) method to produce direct reduced iron.
The technology, which will be imported from…
Economy
Minister of Communications and Information Technology Mahmoud Vaezi has clarified the misunderstanding related to the activity, or lack thereof, of US-based multinational financial services…
Economy
The director of the National Tax Administration says the government’s tax revenues increased by 29% in the first four months of the current fiscal year that started in March compared to the same…
Economy
Kazakhstan and Iran will sign an agreement on cooperation in maritime traffic in the Caspian Sea, the press service of Kazakhstan’s Ministry of Investment and Development reported.
Economy
