South Khorasan Province is a suitable and secure gateway for trade development between Iran and Afghanistan, Afghan ambassador to Iran, Nasir Ahmad Nour said on Sunday, adding: “Afghanistan is on…
Economy
Economy
Iran accounts for less than one percent of the global market for Halal foods, according to member of parliament and head of the parliament’s Social Commission, Abdolreza Azizi.
Economy
The Supreme Labor Council on Sunday set the minimum monthly wage for the upcoming Iranian fiscal year (starting March 21) at 7.12 million rials ($254 based on the official exchange rate), which…
Economy
More than a million tons of various commodities from 50 local suppliers were offered at the spot market on Sunday trading to register a record high at the Iran Mercantile Exchange (IME) within the…
Economy
An Italian company has expressed readiness to invest in a health development project in Kish after reviewing investment capacities on the Persian Gulf Island.
Economy
To hold another round of talks with the Central Bank of the Russian Federation, a delegation from the Central Bank of Iran (CBI) travelled to Russia on March 11-12 to finalize monetary agreements…
Economy
The board of trustees of the National Development Fund of Iran (NDFI), headed by President Hassan Rouhani, met on Saturday to decide for important plans and priorities of the upcoming year,…
Economy
Regulations set forth by Central Insurance (primary regulator of insurance affairs in Iran) stipulate that all insurance companies are obliged to invest their capital within the real estate market…
Economy
The selloff in the currency market continued on Sunday, as investors’ lower safe haven demand drove the rial to new highs versus major currencies.
The dollar rebounded later in the day to…
Economy
I n 2011 a plan to extend Tehran’s satellite city of Parand—20km southwest of the capital city—was made public by a group of developers. They announced that the newly proposed city would be called…
Economy
Operations have started in Golgohar iron ore mine’s 5th mineral reserve, which is estimated to hold at least 24 million metric tons of iron ore, the Iranian Mines and mining Industries Development…
Economy
The nepheline syenite mine in the northwestern city of Sarab has begun producing alumina, the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) reported on…
Economy
Major iron ore companies produced 23.56 million metric tons of iron ore concentrate during the eleven months ending on February 19, Fooladnews reported. The production recorded a 7% growth in…
Economy
The TSE’s main index (TEDPIX) kept paring losses on Sunday to notch up to a new record high since February 18, with the equity market underpinned by fresh fund inflows that were unleashed…
Economy
More than 17.5 million metric tons of cement and clinker – the raw material to produce cement – were exported during the past 11 months of the current Iranian year (to end March 20), according to…
Economy
IRICA (Islamic Republic of Iran Customs Administration) is to implement the so-called ‘single-window system’ as of the new Iranian year (March 21) to help facilitate international trade, the…
Economy
As much as 60% of auto parts in the market are poor quality products imported mainly from China, said a member of Auto Parts Manufacturers Association (APMA) board of directors, Farhad Behnia on…
Economy
“The government will identify high-income households [to be excluded from the cash subsidy list] based on the place of residence, household size and income level,” Member of Parliament’s Joint…
Economy
Bureaucracy and graft are seen as some of the primary reasons undermining business and pushing entrepreneurs and investors further away. It has also saddled productive sectors of the economy,…
Economy
The ‘Quinoa Project’, a global project to cultivate quinoa on a trial run is being implemented in seven regions of Iran including Iranshahr in collaboration with Food and Agriculture Organization…
Economy
Nearly 1.5 million people are employed in the cooperative sector, said ISNA quoted deputy minister of cooperatives, labor and social welfare, Hamid Kalantari as saying on Sunday. The government…
Economy
Iranian and Turkish officials on Sunday signed 11 memorandums of understanding (MoU’s) to further develop cooperation in banking and customs affairs, IRNA reported on Sunday.
Economy
Nearly $163 million worth of different goods have been exported from South Khorasan Province to neighboring Afghanistan since the beginning of the current Iranian year (to end March 20),…
Economy
The Iran Mercantile Exchange (IME)’s trading halls played host to various commodities by local petrochemical complexes on Saturday trading, IME’s public relations office reported.
Economy
Despite vast mineral resources of high quality, the mines in Chaharmahal and Bakhtiari Province in southwestern Iran remain largely unexplored, Iran newspaper reported.
Economy
