Nearly a month after the ministry of industry, mine and trade restricted the import of cars only to the official representatives of auto companies in Iran, new directives issued by Industry…
Economy
The industrial and mining floor of Iran Mercantile Exchange (IME) featured close to 100 kg of various gold bullions offered by the Mouteh Gold Complex on Monday, IME’s Public Relations and Foreign…
The sponge iron production unit of Chabahar Steel Plant will become operational by September next year, IRNA quoted deputy industry minister and director of Iranian Mines and Mining Industries…
The bill for the establishment of Mehran free trade zone in the western Ilam province will be submitted to the parliament in the coming days,” senior advisor to the governor-general of Ilam…
Railroad construction in Iran has been traditionally carried out by the public sector, since according to Article 44 of the Constitution, railroads and all large-scale industries are regarded as…
At least 50,000 new jobs can be created through low interest loans provided by Omid Entrepreneurship Fund (formerly, Imam Reza Compassion Fund), ISNA quoted the fund's deputy for organizing and…
The government has proposed increasing the prices of domestic and foreign-made cigarettes by 20% and 40% respectively in its budget bill for next Iranian year (starting March 21), in…
President of Iran-India Tradesmen Council, Ebrahim Jamili says Iran’s import of tea from India amounts to $30 million, adding that the amount is expected to increase. He noted that the council has…
Tehran-Ankara bilateral trade will increase from its current $14 billion to $35 billion in the near future, Turkish Minister of Economy, Nihat Zeybekci, said on Saturday.
Bank staff get raise as Vice President Mohammad-Bagher Nobakht has given a special order approving a salary raise for state-owned bank employees as of Feb. 2, right a month before the Iranian year…
A senior monetary official on Monday warned credit institutions against disrupting the currency market.
Commercial banks are to blame for sanctions influencing import of food and medicine, according to IRNA, citing an official with Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA…
Bankers should use next year’s expected inflation for offering interest rates, Bank Melli CEO proposed.
The government has suggested it may allow US internet giants like Google to operate in the country if they respect the laws, Fars news agency reported, citing a senior official.
A member of an influential committee on technology in the Iranian capital has stated that the reason most people choose to ignore locally made search engines –like yooz.ir – is because of people’s…
Iran Mercantile Exchange (IME)’s industrial and mining trading floor featured various commodities offered by the National Iranian Copper Industries Company (NICIC) on Sunday. The IME …
Based on a new joint venture contract signed by Iran Khodro Industrial Group (IKCO) and the French giant carmaker Peugeot, the European side is required to export 30% of the jointly manufactured…
Deputy Minister of Industry, Mine, and Trade, Hossein Abooei Mehrizi predicts a growth of 5-6 percent in the industrial and mining sector for the current Iranian calendar year (to end March…
It has been a few months since companies with the highest market cap have been failing at the Tehran Stock Exchange, dragging down the TEDPIX to notch new record lows, and inflicting heavy losses…
“If you are seeking residency in your dream country, contact us, and make the best investment of your life…”
A quick browse through Persian-language networks abroad and you will see…
The rial lost 30 percent of its value in 2014, according to a recent World Bank report. The Iranian currency stood closely after Argentina’s peso, which lost 32.1 percent of its value in the same…
C entral bankers are the lords of economy and finance. This is true for the world’s top central banks like the Fed, ECB, BOJ and BOE or the SNB. The Swiss National Bank’s recent move to abandon a…
The rial rose against all major currencies on Sunday. The US dollar was down 10 rials or 0.3 percent at 08:30 GMT to 34,240 rials. The euro’s fall was less noticeable, dropping 40 rials or 0.1…
MCI (Hamra-e-Aval) and MTN-Irancell have announced that they have been presented with awards for excellence in customer care and information technology.
Economy Minister Ali Tayebnia has warned bad debtors of strict measures if they do not immediately repay their debts to the banking system.
