An official has confirmed that Iran has up to $100 billion in frozen assets in foreign banks.
Yahya Al E’shaq, head of Tehran’s Chamber of Commerce, Industries, Mines and Agriculture, said…
Economy
Economy
Plans are underway to turn the Birjand Special Economic Zone (SEZ) into an attractive destination for foreign and domestic investors, Secretary of Free Zones High Council, Akbar Torkan, said on…
Economy
Iran is to send commercial envoys to Italy, Uzbekistan, Turkmenistan, Afghanistan and South Korea to scope out trade opportunities with these countries, Reza Abbasgholi, an official with Iran’s…
Economy
The Rouhani administration has submitted next year’s budget bill to the parliament amid plunging oil prices, sanctions and other economic problems that have left a contracting impact on the budget…
Economy
The southeastern province of Kerman will export agricultural crops, mainly onion, to Central Asia, Islam Shahrokhi, a local official with the ministry of agriculture has announced. He added that…
Economy
Some 100 billion rials (above $3.7 million at official exchange rate) has been earmarked to start construction of the 1300-kilometer-long Zahedan-Birjand railway, Abbas Akhundi, the minister of…
Economy
Inflation in Azar (the Iranian month ending December 21) reached 16.8 percent, down from 17.8 percent a month earlier, Mohammad Baqer Nobakht, vice president for strategic planning and supervision…
Economy
The government carefully supervises the distribution process of subsidized flour, Mojtaba Khosrotaj, the deputy of Industries, mines, and trade said in Rasht, as reported by ISNA on Friday. …
Economy
The vice president for science and technology announced that the amount of research funding in different areas has increased between 3-14 percent in next year’s budget, MNA reported on Wednesday…
Economy
The Rouhani administration seeks to create an international financial hub in one of the free economic zones as Iran moves towards opening its market and securing its place as the region’s frontier…
Economy
The development of e-government is the only way to eliminate corruption at all government levels, vice president’s deputy for legal and parliamentary affairs told IRNA this week.
Economy
T ehran has a huge pollution problem. We all know this to be one of the bugbears of living in this city.
Economy
Turkey is seeking a permanent resolution to a transit fee dispute with Iran. The spat between the two neighboring countries has been resolved to some extent since Iran agreed to temporarily (for…
Economy
The parliament’s research center has released a report criticizing next year’s budget bill for allocating what it calls “unrealistic” budget for capital projects. The budget bill proposed to the…
Economy
An Enterprise Ireland delegation is planning to visit Iran in the new year to scope out potential opportunities for exporters, Irish Independent reported on Wednesday.
Economy
Trade ties between Iran and Belgium is to enter a new phase following a recently-signed MoU between the two countries’ chambers of commerce, Mohsen Khalili Araghi, head of Iran-Belgium joint…
Economy
The so-called Islamic State (IS) extremists earned up to $3 million in September alone just from illegal oil sales, according to US intelligence officials and experts, making the militants richer…
Economy
The Dokouhaneh border customs near the city of Nehbandan can be used as a gateway for the development of trade with neighboring Afghanistan, Abolfazl Razavi, first vice president’s deputy for…
Economy
The Ministry of Agricultural Jihad says it has plans to make more efficient use of water for irrigation purposes. “Less than 10 percent of arable land in the eastern province of Khorasan Razavi is…
Economy
The agriculture sector can act as an alternative for the oil sector, deputy minister of labor Eskandar Zand told Fars news agency on Wednesday. “Promoting agricultural exports can help bring the…
Economy
Iranian businesses are interested in investing in India’s steel and mining sector, said Iran’s ambassador to New Delhi, Gholamreza Ansari, during his meeting with India’s steel and mines minister…
Economy
The Tehran Stock Exchange’ gauge recorded its third consecutive positive day to recoup some ground after recent sharp retreat and selloffs; however, the cloudy prospect of the economy is expected…
Economy
New plans devised to develop mines across the country need financial resources as much as $29 billion, said Mehdi Karbasian, the head of the Iranian Mines and Mining Industries Development and…
Economy
The industrial and mining trading floor at the Iran Mercantile Exchange (IME) played host to various rebar bundles, blooms, I-beams, hot and cold-rolled steel, aluminum ingots and billets on…
Economy
The northwestern province of West Azarbaijan, which has some of the most diverse decorative stone resources among Iranian provinces, exports only 40% of the minerals it extracts every year, ILNA…
Economy
