Economy

C ar imports accounted for more than 6% of the total value of imports during the past fiscal year – which ended on March 20, 2014 – indicating that despite criticisms, the car import business…

All indices contributed to an uptrend at the Tehran Stock Exchange (TSE), which helped the TEDPIX to keep rebounding at Wednesday’s close, though 0.38 percent won’t indicate that bulls are on…

A steel sector expert says Iran has the highest level of raw mineral exports in the region, while most other countries limit or ban the export of unprocessed minerals to produce more value added…

The government plans to create special committees in each province to address NPLs or non-performing loans, which are reaching a worrying level, President Hassan Rouhani announced on Tuesday…

Iran’s second largest provider of mobile phone line and internet services has announced it has upgraded Iran’s southern Persian Gulf city of Bandar-Abbas and surrounding areas to 4G LTE internet…

Although the Central Bank of Iran has warned the public not to invest with illegal credit institutions, “this is at best merely an informative act,” an advisor to minister of industry, mine, and…

W e all love a stable currency. It is the basis of our daily business, both foreign and domestic. None want it more so than central banks, which are mandated to safeguard the currency’s value,…

Iranian commercial banks provided more than 2.38 quadrillion rials ($86.5 billion at official exchange rate) in loans in the first nine months to December 21, ISNA reported on Wednesday. …

Iran is planning to transfer technical know-how in the agriculture industry to Iraqi Kurdistan, Vice President for Scientific and Technological Affairs Sourena Sattari said in a meeting with the…

Iran will export 20,000 tons of cooking oil and processed sugar to Iraq every month, Ali Qanbari, managing director of Iran State Commercial Company said on Monday. According to IRNA, Qanbari who…

Head of Iran’s Chamber of Commerce, Mines, Industries and Trade, Gholam Hossein Shafe’ie says trade with Russia will rise in case barter transactions between the two countries increase, ISNA…

Former Irish prime minister Bertie Ahern, heading a trade delegation, arrived in Tehran on Tuesday as part of an official visit aimed at broadening trade ties with Iran.   

Expansion of relations between Iran and African countries is beneficial for all parties and is in line with Iran’s policy of strengthening ties with the African continent, Foreign Minister,…

Iran’s Minister of Communications and Information Technology, Mahmoud Va’ezi, and Turkey’s Minister of Customs and Trade, Nurettin Canikli, in a meeting held in Tehran on Tuesday, emphasized the…

The value of commercial transactions between Iran and Britain reached over 133 million euros (about $150 million) between January and October 2014, showing a 36 percent rise compared to the same…

As many as 4,000 shareholders of iron ore mines have signed a petition to the president’s office, asking President Hassan Rouhani to personally intervene the controversial mine royalties issue,…

Dumping of cheap steel by China is threatening Iran's steel industry and can cause irreparable damage if not dealt with promptly, warned the deputy chairman of the Iranian Steel Producers…

The central bank responded to criticism that it fell short of expectations on provision of free-interest loans to newly-weds.

In a statement released online on Monday, the bank rejected a…

Iran’s second largest mobile operator Irancell has announced it opened a new service center in Jahrom, Fars Province.

The center was opened in the presence of the company’s supply and…

Bank Mellat is offering Qeshm islanders special cards to provide better banking and identification services to the islanders.

Qeshm Free Zone authorities are cooperating with Bank Mellat in…

On Jan. 27, Iran’s ambassador to Russia, Mehdi Sanaei stated that the two countries are well on their way to offering visa-free travel for citizens of both countries by the end of 2015.

The…

The recent $1.2 billion payment by the Central Bank of Iran, to the administration is “common procedure and has unjustly been blown out of proportion,” CBI Governor Valiollah Seif said on Tuesday…

Interbank bank data services between provinces will go offline for a week from Wednesday, for infrastructural changes in the network.

Four-hundred and ten mineral and industrial projects will be inaugurated on the 36th anniversary of the 1979 Islamic Revolution (February 11, 2015), Mehrnews reported. The projects, worth 51.24…

Head of Iran’s Gold, Jewelry, Silver and Precious Stones Producers and Exporters Association, Ebadollah Mohammad-Vali says Iran’s gold and jewelry industry could play an effective role in…