Economy

In the absence of an integrated system to regulate the forex market, the Iranian policy makers have always faced a challenge to have access to precise and updated information on exchange rates.…

Iranian lawmakers have passed a proposal that would require the Central Bank of Iran (CBI) help provide financing for the cash flow problem facing industrial, mining, agricultural, and…

Bank of Industry and Mine has allocated 2 trillion rials ($740 million at official exchange rate) in loans for the development of deprived regions, IRNA reported.  The low-interest loans have…

Bimeh Markazi of the Central Insurance issued a warning on Wednesday against unauthorized insurance firms. The regulator noted that “certain individuals have established firms under fake title…

Iran’s minister of industries, mines and trade Mohammad Reza Nematzadeh and his Omani counterpart Ali bin Masoud Al-Sunaidy inaugurated an exhibition featuring Iranian products in Oman’s capital…

Head of Fisheries Department in Mazandaran province, Hassan Habibnejad, said on Tuesday that 361.9 kg of caviar, worth more than $314,000, were exported from the province in the first 9 months of…

The ministry of industries, mines and trade said on Tuesday that in the first eight months of the current year (end March 20), more than 253 million square meters of tiles were produced in Iran.It…

A group of cabinet and parliament members sat together in an unofficial gathering on Tuesday night to discuss the country's current economic issues; informed the Member of Parliament Kamalodin…

Outspoken, frank and informed minds have long warned against the threat of rampant corruption that is now damaging the integrity and social fabric of the country. Many have proposed ways to…

A high ranking economic delegation, from 30 major companies in Singapore, is to visit Iran on January 31, Mehr news agency reported on Wednesday. The delegation is seeking to promote mutual ties…

Iran has 60 billion metric tons of mineral reserves, out of which 37 billion metric tons are proven reserves and the remaining are probable mineral reserves. Currently, Iran extracts only about…

Around 20 metric tons of gold have been added to the country’s proven reserves since the new phase of mine explorations began last year, IRNA cited the Iranian Mines and Mining Industries…

The majority of base metals’ prices plummeted in the global markets on the first day of the week, mainly due to low demand in Europe and the growth of dollar against major currencies, Eghtesadnews…

The export of iron ore has seen a constant decline since May last year and hit the lowest in November with only 15,000 metric tons of the raw material exported, Fooladnews reported.

Iran’s local petrochemical complexes offered close to 45 grades of various polymers on the oil and petrochemical trading floor of Iran Mercantile Exchange (IME) at Tuesday’s trading.

The Tehran Stock Exchange (TSE)’s overall index took a dramatic nosedive to register its worst day since November 30, breaking below its psychological barrier of 68,000-point mark at Tuesday’s…

The procedures taken by commercial banks to provide loans to individuals and firms have long been subject to criticism by economic experts and the public.

The Money and Credit Council on Monday ratified a proposal for increasing ceilings of loans granted to the Mehr housing scheme, a controversial plan initiated by the former administration to build…

The Azadi gold coin on Tuesday rebounded from a three week low driven by gold’s four day rally as safe haven demand increased on falling stocks.

Azadi regained its upward momentum following…

Iran’s social media has been falling over itself in the past week over reports about Microsoft’s quiet but real entry into the Iranian technology sector.

T he Central Bank of Iran must now pay the difference between the official and market exchange rates to importers up to the year ending March 2013.

According to the parliamentary…

Since the beginning of the fiscal year (March 21, 2014), the Bank of Industry and Mine has provided $4 billion in loans through a Chinese credit line for the development of national projects…

Iran will encounter no budget deficit even if the oil price drops to half its current value, government spokesman Mohammad-Baqer Nobakht said on Monday on the sidelines of the first National…

With the plunge in global oil prices by nearly 50 percent in the past six months which led to turbulences in Iran’s currency exchange market and dramatic drops in the equity market stock values,…

Iran is to export engineering and technical services to its eastern neighbor, Afghanistan, considering the large number of constructional projects there, Mahmood Eskandari, the general manager of…