Economy

The government has paid 3 trillion rials ($110 million at official exchange rate) of its debts to Bank Saderat Iran in cash, IRNA reported.

A former CEO of Eghtesad Novin (EN) Bank has questioned calls for cuts in reserve requirement ratio, saying the move could hurt the economy as it would add to money supply.

“The extra money…

The agriculture sector accounts for 90 percent of the country’s total water consumption, IRNA quoted deputy manager of Iran Water Resources Management Company, Jahngir Habibi as saying. He added…

The export of tiles and ceramics generates $500 million in revenues per annum, IRNA quoted Mojtaba Shirali, a member of Tiles and Ceramics Producers’ Council as saying on Tuesday.

The ban on the import of fertilized chicken eggs and day-old chicks from France has been lifted, Jamaledin Javidi, an official in Iran Veterinary Organization (IVO) told Mehr news agency on…

The number of passengers on international flight entering Iranian airports rose by 23% in the first ten months of the current year compared with the similar period last year, managing-director of…

The policy of distributing cash subsidies among citizens was wrong in the first place, First Vice-President, Es’haq Jahangiri, said on Tuesday.

Minister of Cooperatives, Labor and Social Welfare, Ali Rabie on Wednesday called for the development of the cooperative sector in line with the policies of “resistance economy”, noting that…

Deputy minister of cooperatives, labor and social affairs, Kourosh Parand on Tuesday called on the private sector and entrepreneurs to invest in developing career-oriented education and micro and…

German exports to Iran jumped 30 percent last year to 2.4 billion euros, data from the Federal Statistics Office showed on Tuesday, bolstered by the easing of Western sanctions amid…

“The parliament on Tuesday rejected a proposal by the Joint Committee which would have led to an increase in fuel prices,” Head of the Management and Planning Organization, Mohammad Bagher Nobakht…

Three new indices were unveiled at the equity market by the Securities and Exchange Organization (SEO) on Monday to give investors and portfolio managers access to more transparent information,…

The mining sector experienced a 10.5% growth during the first half of the current Iranian year (to end March 20), Shata news agency cited a deputy minister of industry, mine, and trade as saying…

Stocks at Tehran Stock Exchange (TSE) were wavering between gains and losses on Tuesday’s trading, with all indices pushing the TEDPIX to settle in red territory.

According to TSE data, the…

An airborne geological survey of the country’s entire area will be carried out within the next three years; ISNA cited the deputy head of the Geological Survey of Iran (GSI) as saying.

The average lifespan of buildings in Iran is between 25 to 30 years, while the figure is 150 years in developed countries, Majid Veldan, an official with Iran Construction Engineering Organization…

More than 14 metric tons of hydroponic strawberries have been produced in Qeshm Island, located in the southern Hormozgan Province, in the current year (ends March 20), according to the public…

Iran is to export 100,000 metric tons of chicken in the upcoming calendar year (starting March 21), deputy minister of agricultural Jihad Hassan Rokni said in a meeting with his South African…

Minister of Communication and Information Technology, Mahmoud Va’ezi, has proposed a trilateral summit with Turkey and the Republic of Azerbaijan to be held in the Iranian capital of Tehran, IRNA…

The ministry of road and urban development is negotiating with the National Development Fund of Iran (NDFI) for funding eight road construction projects worth around $5.6 billion, said a deputy…

The total value of Iran’s exports to Russia amounted to $400 million in the first 11 months of the current Iranian year, which ends on March 20, half the level of exports to the northern neighbor…

It has been a while since the issue of eliminating high-income households from the list of cash subsidies came under the spotlight; however, the fact that identifying the rich might not be that…

Permits for three credit institutions shall be issued by the end of the current fiscal year (March 20), Hamid Tehranfar, Central Bank of Iran (CBI)’s deputy governor said. The three institutions…

Last year (2014) was probably the best year in over a generation for Iran’s domestic airline industry. In fact, with the help of the interim nuclear agreement, and its offer of airplane parts to…

The Jiring service or electronic mobile wallet (M-Wallet) service has been designed by Mobile Communication Company of Iran (MCI) to enable certain banking transactions and e-shopping on mobile…