Thirty major cement plants are under construction across the country with more than 20% physical progress, the Minister of Industry, Mine, and Trade, Mohamamd-Reza Nematzadeh said at a meeting in…
Economy
Economy
A top official at the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) said the development plans in industrial and mineral sectors would create jobs for at…
Economy
The export of engineering and technical services could reach $25 billion in five years, if the administration provides substantial support to the sector, head of International Consultants and…
Economy
A senior Jordanian official called on Friday for the establishment of “Iran-Jordan Supreme Council of Trade Cooperation,” IRNA reported. In a meeting held between the Chairman of Jordan…
Economy
The coordination meeting on the 5th Summit of Iran-Georgia Joint Commission on Economic Cooperation was held in Tehran on Friday, Mehr news agency reported. Deputy minister of cooperatives, labor…
Economy
The private sector in Iran needs to adopt a macro-level perspective, shifting its attention from trivial problems to more fundamental issues, renowned economist, Mousa Ghaninejad said in a meeting…
Economy
About $314 million worth of carpets were exported during the first ten months of the current Iranian year (ends March 20), registering a 14% rise in value as well as 34% rise in volume of exports…
Economy
Although nearly 10 months have passed since the Central Bank of Iran (CBI) issued a directive to lower deposit rates, some banks and credit institutions continue to ignore the directive and are…
Economy
Toxic debt on commercial banks’ balance sheets is on the rise despite efforts to contain them, says the man who set out to reduce them.
Non-performing loans (NPLs) have risen 2.5 times…
Economy
Iran’s mobile payment system may be in its early stages and not widely used, but the largest Iranian mobile phone provider is now putting its weight behind its latest side project.
Economy
A media outlet has criticized the unveiling of a new reverse for the 50,000-rial banknote on Monday, initiating a response by the central bank.
A new 50,000-rial banknote was unveiled on…
Economy
Europe’s highest court has thrown out a challenge by a Hamburg-based Iranian trade bank to its inclusion on the European Union’s sanctions list on Thursday, a victory for the EU after a number of…
Economy
Investment units of SEPAS Exchange Traded Fund (ETF) will be publicly offered on March seventh. The ETF will be open for purchase from 9:30 to 12:30 Tehran time, under the ticker symbol “Sepas 1”…
Economy
Parliament members on Tuesday approved a 8.449 trillion-rial ($304 billion at official exchange rate) budget bill for the upcoming Iranian calendar year, starting on March 21.
Economy
The private sector has invested $1 billion in Belarus, the majority of which have already begun generating returns, IRNA quoted Minister of Industry, Mine, and Trade, Mohammad-Reza Nematzadeh as…
Economy
The government has reduced the tariff imposed on wood imports to zero, in an attempt to supply the domestic market with sufficient quantity of the material, deputy minister of agriculture,…
Economy
Iran’s packaging industry is far from meeting international standards, despite progress in recent years, IRNA quoted CEO of the Iranian Small Industries and Industrial Parks Organization (ISIPO),…
Economy
Paying cash subsidies to people under the so-called ‘Subsidy Reform Plan’ could, from a mathematical point of view, reduce economic disparity. Yet, experts believe after its implementation, the…
Economy
The parliament on Tuesday decided to lower the cap for the total cash subsidies paid by the government to Iranian households from 42 trillion rials ($1.5 billion at official exchange rate)…
Economy
The Persian Gulf Special Economic Industrial and Mining Zone (PGSEZ) has attracted $9 billion in domestic and foreign investments over the past decade, Managing Director of PGSEZ, Masoud Hendian…
Economy
Following a parliamentary approval, the conditions for handing over unfinished development projects to state-owned banks have been made clear for the coming year (starting March 21), IRNA reported…
Economy
Central bank officials have expressed concern over the recent acceleration of commercial banks lending, saying it might lead to higher inflation. Economic experts, however, believe that the…
Economy
The private banks have fiercely slammed the new sample bank charter, recently issued by the Central Bank of Iran (CBI), suggesting private banks to sell 20 percent of their shares to the…
Economy
The official rate of the US dollar broke above 27,800 rials on Wednesday, bringing down its gap with the market rate to under 6,500 rials.
On Ferdowsi Street – the center of currency trade…
Economy
Sarmayeh Bank's shares opened for trading on Wednesday, after being closed for eight months, Bourspress reported. The bank is listed in Iran Farabourse over the counter market. Its trading was…
Economy
