The economic committee of the parliament is preparing a new motion to reform the process of issuing bank checks, according to the Islamic Consultative Assembly News Agency (ICANA). The proposal…
Economy
Economy
The ministry of industry, mine and trade is targeting to increase mineral extractions to 450 million metric tons in the current Iranian calendar year (started March 21), IRNA reported.
Economy
According to experts more than 60% of enterprises in Iran fail within their first year, and about 20% before their third year of business. Small and medium-sized enterprises (SMEs) fall victim…
Economy
The stocks early rally in Tehran Stock Exchange evaporated at Tuesday close, pushing down the overall index to pile up more losses, and extending the benchmark’s losing streak for a third…
Economy
T he seventh International Conference on Islamic Capital Markets was held in Tehran on May 4-5. Jointly organized by the Securities and Exchange Organization (SEO), the Islamic Development Bank…
Economy
More than 438,000 tons of various goods were listed on Iran Mercantile Exchange trading floors on Tuesday, with polymers and bitumen in the limelight.
Economy
Tehran is seeking to increase trade with Tunis, head of Iran’s Trade promotion Organization (TPO) Valliollah Afkhamirad said in a meeting with Tunisian ambassador to Tehran Qazi bin Sali on Monday…
Economy
About 1.3 million metric tons of non-oil goods were exported through Shahid Bahonar Port, in the city of Bandar Abbas in southern Hormozgan Province, over the past Iranian calendar year (ended…
Economy
More than 1.05 million metric tons of goods crossed the country’s borders during the first month of the current Iranian calendar year (started March 21), to register 29% growth compared to the…
Economy
Yogurt is one of the most popular fermented dairy products worldwide which has great consumer acceptability due to its health benefits and special taste and texture.
Economy
Although domestic manufacturers produce quality leather, fake products made of artificial leather are distributed in the markets under the names of prominent international brands, member of…
Economy
With development in rapeseed cultivation, it is expected that 50-60 percent of the country’s vegetable oil consumption will be produced domestically within the next ten years, deputy agriculture…
Economy
The government has licensed a private company to construct and operate a 206-kilometer highway linking Hamedan and Kermanshah —the capital cities of two adjacent provinces with the same name.
Economy
Mobarakeh Steel Company (MSC), in a joint project with major auto manufacturer Iran Khodro, has produced more than 4,000 metric tons of high tensile steel (technically known as IF or interstitial-…
Economy
The operational phase of the first copper cathode production plant in Tehran Province has been launched following the completion of exploration and feasibility studies, the Financial Tribunes…
Economy
Tehran Stock Exchange gauge recorded an unprecedented drop on Monday trading as lingering ambiguities kept slashing expectations and pushed t he TEDPIX to shed more than 672 points.
Economy
I ran will soon be hosting international fund managers and investors, who are already gearing up to flock to one of the world’s few untapped markets. However, the country is not fully prepared.
Economy
Close to 205,000 tons of goods were offered on the spot and secondary market of the Iran Mercantile Exchange (IME) on Monday trading.
According to IME public relations, about 4,000 tons of…
Economy
The Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) has managed to absorb 200 trillion rials (over $7 billion based on official currency exchange rate) in…
Economy
New Congestion Zone ID cards can be used in the banking network from May 22. Congestion Zone ID cards for the fiscal year which started March 21, can be used in the public transport and parking…
Economy
A lawmaker has downplayed the real effects of the recent decision by the Money and Credit Council to cut interest rates, saying that lack of transparency by certain businesses hampers initiatives…
Economy
The recent cut in the deposit rate ceiling, from 22 percent to 20 percent, will probably help send part of the savings to the equity market, an expert has said.
Economy
Details of a bilateral currency swap agreement between Iran and Russia was revealed on Monday. The deal was made to settle mutual payments by elimination of the US dollar and euro as trade…
Economy
Bureaux de change will get legal status by obtaining official permits from the Central Bank of Iran (CBI). The director of CBI's regulatory and anti-money laundering office said the move is…
Economy
Bank Melli plans to expand its foreign exchange operations, said its chief executive, Abdonasser hemati. The official told the press on Monday that the lender is moving to do so as “mobilizing…
Economy
