Economy

The foreign trade balance saw a $12.8-billion deficit during the first nine months of the current year. Over the period (March 21- December 21, 2014), the volume of imports constituted 60.07…

Some 1,500 economists have been invited to attend the First Iranian Conference on the Economy to be held in Tehran January 12-13 to study major economic problems and investigate avenues to reach…

The value of bilateral trade between Iran and China from January to November 2014 increased by 36 percent compared to the same period last year, according to data released by China’s Customs as…

Iran and its southern neighbor, the United Arab Emirates, have discussed ways to boost their ties in air transportation, direct flights, and aviation training, Fars news agency reported yesterday…

Some 100,000 tons of low quality tea, mainly from India and Sri Lanka, are imported legally and illegally and then sold at prices twice more than those of quality Iranian tea in the domestic…

The fall in oil prices should be seized as a good opportunity for the government to modify its administrative structure and reduce its dependence on oil revenues, said Yahya Al-e Es’Haq, the…

The country’s bureaucratic structure has to undergo reforms to be made more efficient, Asghar Masahebnia, an official with the ministry of mine, industry and trade, said on Friday.”The government’…

Cash subsidies are affecting the economy the same way a fatal poison affects human organs, Jamshid Barzegar, head of mass builders’ union, said on Thursday. He added that “the government should…

First Vice President Esha’q Jahangiri lauded on Thursday the government’s overall economic performance, saying that the dynamic foreign policy adopted by the administration has convinced many…

A group of commercial envoys met in Kish Island with Ali Jirofti - vice president of investment and economic development of Kish free trade zone – to discuss investment opportunities for their…

Transit fees collected by Iran at its joint border with Turkey could diminish the positive impact of the recent agreement between the two countries over tariffs on their preferential trade, the…

The country’s current budget must be based on revenues earned from taxes and duties in order to offset the oil revenue loss caused by the fall in the international oil market, senior presidential…

Agricultural land use change have dramatically declined in the current year, IRNA reported on Friday. Some 6,500 hectares of agricultural land is recorded to have changed use…

Stocks in Iran’s equity market posted another massive wipeout, and lost ground during the week that ended December 31, after the overall index lost 1,180 points to lose grip on the 69,000-point…

The Ministry of Industry, mine, and trade has issued 109,048 industrial establishment licenses within the first 8 months of the current Iranian year, which ended December 21, IRNA reported. Given…

The minister of industry, mine, and trade stressed that carmakers should enhance the quality of domestic cars and manufacture world-class vehicles by seeking assistance from reliable international…

Based on the latest exploration operations carried across the country, as much as 30 million metric tons of gold, 90 million metric tons of iron ore, and 120 million metric tons of coal have been…

More than 622,000 tons of different commodities worth $330 million were traded at the Iran Mercantile Exchange (IME) during the week that ended December 31, IME’s public relations and…

The shortage of more than 1.5 million metric tons of scrap iron per year has forced many private sector steel plants to shut down their furnaces several times a week, Fooladnews reported.

Iran’s premier business accelerator program has announced that one of its first batch of startups is now in full swing. Today’s business highlight 2nate (pronounced donate in Persian), is a unique…

The Central Bank of Iran (CBI) has urged big banks to help it intensify supervision over the enforcement of its recent directive on interest rates.

“The CBI has deployed more inspectors to…

The past twelve months have been a rollercoaster for Iran’s economy, with many industries dealing with a drastic change in their prospects and income. The Financial Tribune has put together an…

Gold inched up on Friday as higher oil prices boosted its safe-haven appeal, but the metal looked set to post its third straight weekly loss, weighed down by a strong dollar. Gold prices will stay…

Parliamentarians have approved a law that makes the Ministry of Economic Affairs and Finance the sole supervisor of banks and credit institutions. According to the new legislation, banks and…

The United States on Tuesday imposed sanctions on nine new targets, saying the entities and people targeted had supported Iran's efforts to buy or acquire US currency, Reuters reported.