Economy

The president’s chief of staff Mohammad Nahavandian said on Monday that investors are unlikely to risk their money and invest in national projects amid high rates of inflation, ILNA reported.

Foreign exchange rate fluctuations in recent weeks have no major impact on government’s housing policy, Hassan Mohtasham, head of Tehran Mass Builders Association, told ISNA on Monday. The housing…

The Central Bank of Iran has released a report on GDP growth in the second quarter of the current fiscal year (June 22-September 22, 2014). The economy grew by 3.7% in summer, according to the…

At least 60 percent of parts for new automobiles should be produced domestically within the next three years, the Minister of Industry, Mine and Trade, Mohammadreza Nematzadeh said last week. The…

The insurance sector needs innovation and a diversification of products, says the CEO of the Alborz Insurance Company.

“Less than 10 insurance products and services were created in the past…

The recently announced update for the 500 thousand Iran Check has begun production, Majid Sanaie the head of minting for the Central Bank of Iran announced. The bank check now comes with a…

One of the unassuming annoyances of running a commercial site within Iran is not having access to online advertisement payment systems.

E stimates conducted by government organizations suggest that 40% of country’s GDP is exempt from paying taxes. The Financial Tribune looked into the percentage and based on the estimates our…

The reduction of multiple foreign exchange rates from three to two – official rate and market rate – and the handling of rial’s depreciation in the market by the Central Bank of Iran (CBI) were…

Consumer prices in urban areas rose 16.8 percent in the 12 months ending in December 21 (marking the end of the Iranian month of Azar), according to the Statistical Center of Iran (SCI).

The president’s chief of staff, Mohammad Nahavandian, says sanctions imposed by the West on Iran over its nuclear energy program “will be hopefully lifted in the future.”

The ministry of roads and urban development will soon unveil a comprehensive plan for the housing sector which officials believe would help millions of people to own houses of their own.

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Minister of Cooperatives, Labor and Social Welfare Ali Rabiee said on Sunday that nearly 7 million people from the underprivileged strata of the society have so far received insurance ID cards. “…

President Hassan Rouhani ordered on Saturday the implementation of the decision earlier made by the Supreme Administrative Council to revive the Management and Planning Organization (MPO) with a…

The first Iran-Belarus joint commission will be held in March 2015 with the aim of strengthening bilateral economic, trade, and industrial relations, Iran’s Minister of Industry, Mine, and Trade…

A total of 242 Iranian and 10 foreign companies from Turkey, China, South Korea and Hong Kong are taking part in the 11th International Exhibition of Advertising, Marketing & Related…

The Iranian Cement Association said the only solution to the problems the cement industry currently faces is to let the private sector engage in cement production process, reported IRNA. Mohammad…

Individual and institutional investors’ unsettled sentiment is making them sell their stocks at rock-bottom price, as the equity market continues heading down, pushing the Tehran Stock Exchange (…

Iran supplies only 5% of Iraq’s annual demand for steel (8 million metric tons), a member of the Iranian Steel Producers Association (ISPA) told IRNA, adding that Iran’s share in Iraq’s steel…

In a metallic trading day at the Iran Mercantile Exchange (IME), Khuzestan Steel Company (KSC) offered almost 135,000 tons of bloom on the industrial and mining trading floor on Sunday, IME’s…

The financial statements have been signed to help remove the last obstacle in the way of privatization of the two major state-owned football clubs, Persepolis and Esteghlal, said Jaafar Sobhani,…

Mobarakeh Steel Company has established the first production line for interstitial-free (IF) steel, reported iribnews on Saturday. IF is mainly used in manufacturing car bodies. It has typically…

The new management of the Securities and Exchange Organization has provided a 5-year comprehensive plan to transform Iran's bank-based financial system into a market-based system – with special…

The administration would not tolerate any delays in the implementation of major steel projects across the country, said the minister of industry, mine and trade during his visit to a steel project…

The Iron Ore Producers and Exporters Association of Iran (IROPEX) criticized the government for a 300% increase in mining royalties, mentioning Australia as an example that reduced the mining…