Economy

The ministry of cooperatives, labor and social welfare has begun preliminary studies to identify high-income Iranian households that should be excluded from the cash subsidy list, presidential…

In the twelve months ending March 20, 2015, banks allocated slightly more than 2 quadrillion rials ($70.7 billion) in loans as cash flow, which comprised 60.7 percent of total lending by…

Iran’s foreign exchange markets had a volatile trading week, culminating in a rise in the US dollar and gold coin prices. The dollar advanced 0.72 percent to 33,390 rials by the week’s close on…

I f the deposit rate ceiling is set closer to 20 percent, two percent lower than the current rate, commercial banks would be able to comply, said Abdonasser Hemmati, head of the coordination…

Iran has a large insurance market, but the market is undeveloped based on international standards. Insurers rely on selling the most basic products for their revenue, and are barred from global…

The government is planning to expand mining exploration activities in the current Iranian year (started March 21), aiming to reach 15% growth in the mining sector, which according to data by the…

Amid heated debate among economists, politicians and industrial analysts on the future of Iran’s manufacturing sector, experts have pointed to the failure of domestic companies to advertise their…

A s foreign investors focus on new opportunities in Iran’s capital market, two companies from the United Kingdom are negotiating with Iran Investment Company (IIC), Tasnim news agency quoted ICC…

The head of iron and steel union says the low consumption of steel products has caused declines in the prices of reinforcing bars and iron beams, ISNA reported. The downturn in the market has…

The Producer Price Index (PPI) increased by 14.8 percent by the end of Esfand (12th month in the Persian calendar ending on March 20) compared to the same month last year, according to the latest…

Suitcase trade between Iran and the Commonwealth of Independent States (CIS) during the past Iranian calendar year (ended March 20) stood at $82.81 million, indicating a 18.38% decline…

The first session of Iran-France Joint Agricultural Committee is scheduled to be held late May, according to director of international affairs at Iran’s agriculture ministry, Houman Fathi.

Opuntia ficus-indica is a species of cactus that has long been a domesticated crop plant important in agricultural economies throughout arid and semi-arid parts of the…

Noting that a number of foreign aircraft manufacturing companies have visited Iran over the past one year in a bid to assess the capacities in aviation industry, deputy minister of roads…

Head of Iran’s Trade Development Organization (TPO) Valliollah Afkhamirad, announced on Friday that Iran and Venezuela have sealed a deal on barter trade, inviting the Iranian food and medical…

According to figures published by the Islamic Republic of Iran Customs Administration (IRICA), $700 million worth of carpets were exported over the past Iranian calendar year (ended March 20),…

The administration supports the idea of decreasing deposit rates from maximum 22 percent now, said Mohammad Bagher Nobakht, the president’s adviser for supervision and strategic affairs.

The harm done by unauthorized credit institutions within the banking network has gone so far that the Supreme National Security Council (SNSC) has now gotten involved in the process to enhance the…

Lending to businesses has rocketed in the past year. Although banks are still suffering from toxic debt, efforts by the central bank seem to have borne some fruit. Not only has lending jumped, but…

It is high time for Iran Chamber of Guilds to set up a bank of guilds, an official in the ministry of industry, mine and trade said, as reported by IRNA on Wednesday.

Minister of Cooperatives, Labor and Social Welfare Ali Rabiei arrived in Baku on Wednesday for a three-day official visit.

The minister of agriculture predicted that 11 million metric tons of wheat will be produced by the end of the Iranian calendar year (started March 21), considering the 20% decline in the import of…

Lack of cooperation from Turkish border officials in easing the admission process of Iranian transit trucks has resulted in a long line of 750 transit trucks at Barzargan border checkpoint (in…

Sericulture, or silk farming, is an important cottage industry adopted in many countries for production of raw silk through rearing of silkworm.

Government spokesman Mohammad Bagher Nobakht said on Tuesday that the government has drafted an alternative budget scheme for the current Iranian year (started March 21) in the event of  a…