Plans by the ministry of industry, mine and trade target a 15% growth in the mining sector for the upcoming Iranian calendar year (to start March 21) from the current 10.5%, Eghtesadnews cited…
Economy
The online system to sell iron and steel products has been officially launched, enabling the retail consumers to buy products on prices usually below the market price, IRNA quoted the Samanehahan…
Al- Etihad Airways, the second largest airline of the United Arab Emirates, is to increase its flights between Abu Dhabi and Tehran from three flights a week to a daily service, as of April…
China, Iraq, the UAE , Afghanistan and India have been, on a descending order, the biggest importers of Iranian goods during the first 11 months of the current Iranian calendar year (ending 20…
Olive production increased by 25,000 metric tons in the outgoing year (to end March 20) compared to last year, Mohammad Ramezani, an official in ministry of agricultural Jihad said in a news…
The export of meat and dairy products to Russia is facing numerous challenges even if Russia Federal Service for Supervision of Consumer Rights Protection and Human Well-Being approves of…
The government will start eliminating the rich from the list of cash subsidies only when it is sure about people’s real income and wealth, First Vice President Es’haq Jahangiri, told Eghtesad news…
Nearly 11,281 million metric tons of various commodities have been transited through the country’s borders during the 11 months of the current Iranian year (to end March 20), recording an increase…
A duo trying to distribute counterfeit ‘Iran Checks’ and bank notes was arrested in Kurdestan province, said the head of the provincial police department, Abdollah Fatehi. Contrary to regular…
A major malaise of Iran’s economy is the significant volume of floating capital that manufacturing and service sectors are unable to attract, according to economists, who liken the problem to “…
The euro had its worst day in five month on Saturday, sinking to a 2 1/2 year low following its beating in the Forex market on Friday. The Azadi gold coin also sank to a three-month low on…
The role of international connections is undeniable in economic growth; however, the problems with the domestic economy are not limited to international connections, economist Hassan Sobhani said…
The founder of Eghtesad Novin Bank, the first Iranian private bank, says the idea of unifying exchange rates by the end of next fiscal year is feasible.
The prices of nuts and dried fruits are expected to decline in the remaining days of the current year (ending on March 20), head of Iran’s nuts and dried fruits union, Mostafa Ahmadi told IRNA.
Indian rice accounts for 80% of rice imports to Iran, secretary of the Rice Importers Association, Massih Keshavarz said on Saturday. “According to statistics released by Iran Customs…
About 186,000 development projects are currently under construction across the country, deputy minister of road and urban development, Mohammad Ja’far Alizadeh, said on Friday.
Auto market players say the automotive industry is witnessing a surge in the number of transactions on the final days of the current calendar year (to end March20), ISNA reported on Saturday. The…
The Expediency Council received last week the draft of the Sixth Five-Year Economic Development Plan outlined by the Leader of the Islamic Revolution, Ayatollah Seyyed Ali Khamenei, government…
More than 402,000 metric tons of goods have been exported from or imported to the southern Qeshm Island during the eleven months ending on February 19 which registered 32 percent growth compared…
Improving the business environment has now turned into the most urgent demand of the private sector especially in the absence of production subsidies, say economic experts, who believe that the…
The Iran Mine House, in an open letter to the Guardian Council of the Constitution has requested lifting the mining taxes, passed by the parliament last week, asserting that imposing taxes of any…
The Mehdiabad zinc and lead mine in the central province of Yazd has resumed operations following a $1 billion investment by the Iranian company Karoun Dez Dasht (KDD), Mehr news agency reported…
Doing trade with the Interexchange Electric Union (IEU) to enhance trade between Iran and other countries, boosting interaction with regional associations including the Economic Corporation…
The Belarusian industry minister said memorandum of understanding signed with Iran on Thursday will help promote economic and political cooperation between the two countries, IRNA reported.
All indices at the equity market dragged down the Tehran Stock Exchange (TSE)’s overall index, amid liquidity scarcity, with the TEDPIX slipping 103.8 points or 0.16 percent at Saturdays’ close to…
