Economy

During the first nine months of the current year (March 21-December 21), 12 trillion rials (over $342 million at market exchange rate) worth of contraband imported goods were seized, which…

Providing subsidies on important social services such as medical care, education, etc. together with a reliable system of ‘wealth and income distribution’ would be better alternatives to cash…

Machine made carpets have replaced hand-woven exquisite rugs in many Iranian homes due largely to the much lower prices and diversity of pattern, designs and colors. Iran produces more than 80…

The government says it has been successful in raising its revenues from taxes.

Investment budget for development projects in the next Iranian year (starting March 21) has increased by 16% compared with the current year budget, the head of the Iranian parliament’s development…

A team of businessmen from Austria's Steiermark Province met with officials from Tehran's Chamber of Commerce, Industries, Mine and Trade earlier this week to discuss economic relations between…

Iran should generate alternative income sources to offset its oil revenue loss as the tumbling oil prices are draining billions of dollars from the government’s annual budget, Yahya Al-Es’haq, the…

Historical review of government performance in Iran affirms that abundant oil revenues caused the administrations to become wasteful when it comes to productivity and self-assertive when it comes…

The volume of exported non-oil products since the Rouhani administration took office in August 2013 till November 2014 was slightly more than 121.3 million tons while the volume of imported…

The CEO of the Government Trading Cooperation of Iran (G.T.C), which is tasked by the government to be in charge of supervising the quality of bread in bakeries, says the organization would fine…

Iran exports poultry and fish to 10 countries, the deputy minister of agricultural jihad told Mehr news agency on Saturday. Iran produces a surplus of 10 thousand tons of white meat every month…

Iran exported $202 million of hand-woven rugs in the first eight months of the current year (March 21- November 21), as industry remains popular in foreign markets, Hamid Kargar, the head of Iran’…

In its latest report on the Middle East and North Africa mining outlook for Q1 2015, the Business Monitor International has predicted tentative signs of an opening for Iran's mining sector. The…

The production of aluminum ingot exceeded 262,000 metric tons during the first nine months of the current Iranian year, Iranian Mines and Mining Industries Development and Renovation Organization…

Royalties received from mines across the country will be spent on developing different mining projects, IRNA cited the head of the Iranian Mines and Mining Industries Development and Renovation…

More than two dozen types of different commodities were offered by 27 suppliers on Iran Mercantile Exchange (IME)’s oil and petrochemical trading floor on Saturday.

The 7th international exhibition of cement, concrete, manufacturing technologies and related machinery will kick off in Tehran on January 14. The four-day event will host more than 120 companies…

Benchmark Azadi bullion coin rebound on Saturday, after two days of decline, catching up on gold’s higher close on Friday.

Azadi gained 0.71 percent and reached 9,950,000 rials by 12:47 GMT…

The Director of the Export Development Bank of Iran, Ali Salehabadi in the first meeting of the board of directors of the bank in recent weeks announced a new macro policy review and revision of…

E-check system Checkavak will go online nationwide on Feb. 11 – the anniversary of the 1979 Islamic Revolution.

With Checkavak electronic check management system, bounced checks will be…

The smart phone application industry in Iran has taken another leap into the dark recently. A new app developed by graduates from Tabriz and Sooreh universities lets users take control of their…

Blocked Iranian assets so far released as part of a nuclear interim deal with the West is set to be spent as prioritized by the Central Bank of Iran, a top monetary official said on Saturday.

Banks must further help exporters and investors as the banking sector plays a central role in the development of non-oil exports, CEO of the Export Guarantee Fund of Iran, Taher Shah-Hamed said.…

The deputy minister of industry, mine and trade says the minister has ordered to stop the allocation of foreign exchange at official rate for the import of steel products in a bid to confront…

More than 34,000 construction permits were issued by the municipalities across the country in the spring of the current year (March 21- June 21), registering a 45.5 percent decrease compared to…