Economy

For more than two years now the issue of ‘mining royalties’ has been in the limelight amid heated debates between the government and two major iron ore mines namely Golgohar, in the southeastern…

The Geological Survey of Iran (GSI) has discovered lithium deposits in Namak (salt) Lake near the city of Qom, said deputy director of GSI, Behrouz Borna, Eghtesadnews reported.

The regulator lowered the cap on interest rates offered by banks, in a bid to boost business lending.

After being pushed by various groups to increase business financing, the Money and…

A double-urgency motion asking for further clarification on an article of the Monetary and Banking Act was approved by the parliament on Wednesday. Under the new approval, Article 39 of the…

Iranian companies starved of foreign currency are planning sales of dollar-denominated sukuk as soon as sanctions are lifted, Bloomberg reported on Wednesday.

Chairman of the National Development Fund of Iran Safdar Hosseini said the fund’s officials are eager to collaborate with other national wealth funds across the world, a move he hopes can help…

The United States exported $30 million worth of goods to Iran during the first two months of 2015, which indicates a 24 percent increase compared to the corresponding period of the previous year,…

About 906,000 metric tons of glass, valued at $3 million, was exported from Qazvin province during the past Iranian year (ended March 20), which shows close to 36% decline compared with the…

Dairy producers of Iran as well as those of India may start supplying hard cheese to Russia, Tass news agency quoted an aide to the Russian agricultural watchdog chief, Alexey Alekseyenko as…

Iran Veterinary Organization (IVO) has issued import licenses for Indian buffalo meat to industrial food processing units only and wrongdoers who have let raw buffalo meat directly into the market…

Deputy cooperatives minister for social affairs, Ahmad Meydari, in a meeting with Mexican ambassador to Tehran, Ulises Canchola Gutierrez, called for expansion of South-South cooperation – a term…

Iran’s Minister of Economy, Ali Tayebnia, left Tehran for the Czech capital Prague on Wednesday morning to hold talks with the Central European country’s top economic officials, IRNA reported.

It appears that the long lackluster days for the silver market is ending and the precious metal is once again finding its place in Iranian household, where it once had a crowning place and not…

The vicissitudes of foreign exchange market have always been a hassle for businesses and industries that rely mainly on the greenback for foreign trade. To address this problem and safeguard the…

Iran’s office to Fight Economic Corruption has instructed the Central Bank of Iran (CBI) to set up a working group to specifically address non-performing loans and penalize faulty individuals, a…

The head of the equity market has called for supporting and increasing the role of mutual funds in financial markets.

“We have to solve the problems of mutual funds, to increase indirect…

Bank Maskan is expanding its business in a bid to maximize its lending power in the  housing market and increase  profitability.

The bank created two new financial service firms…

Bank Pasargad has been distinguished for its efficiency among 360 Islamic banks and financial institutions in the year 2015. Majid Ghasemi, the CEO of the bank, said Pasargad during its 9-year…

The parliament on Tuesday approved the single-urgency of a motion which would amend the usury-free banking law (first approved in 1983), with 151 votes for it, 4 votes against it, and 7…

Chadormalu Mining and Industrial Company said it supplied the domestic market with 10.32 million metric tons of iron ore concentrate last Iranian year (ended March 20), IRNA reported on Tuesday.…

The Tehran Stock Exchange (TSE) investors are still spooked by bearish trade at the TSE, after the TEDPIX ended another seesaw trading day in red at Tuesday close, to accumulate up to 4.3 percent…

The Iran Mercantile Exchange (IME)’s export trading floor played host to 261,650 tons of bitumen of various grades, offered by local suppliers on Tuesday trading, IME public relations reported.

The potential for the expansion of seaports, maritime repairs, shipping and transit in Iran is enormous, but economic activity at sea has so far been limited to gas and oil excavation works. With…

Based on statistics published by the ministry of industry, mine, and trade, 23.78 million metric tons of mineral products, worth $1.5 billion were exported in the past Iranian calendar year (ended…

Head of General Inspectorate Organization of Iran, Naser Seraj, criticized the excessive imports of steel, urging the officials to lend support to the domestic steel manufacturing sector, Mehr…