Economy

The need for developing new trade ties in the fields of banking and investment was underlined in a joint meeting between the head of Iran’s Trade Promotion Organization (TPO) and the director of…

Minister of Agriculture Mahmoud Hojati says his ministry is ready to help Iranian companies to easily export their products to Russia. He made the comment in a meeting with the Iranian ambassador…

No decision has yet been made to increase utility prices for the upcoming year (to begin March 21, 2015), IRNA reported Tuesday citing Energy Minister Hamid Chitchian.

Based on the Subsidy…

Some economists in Tehran believe that the government should rely more on taxes rather than oil sales as a source of revenue, amid falling oil prices in international markets.

President…

The ministry of industry, mine, and trade is planning to improve business environment in the southeastern province of Sistan and Baluchestan, which is considered one of the country’s…

A top advisor to the Assembly of Workers’ Representatives said on Tuesday that workers are expecting to get a fair pay rise in the upcoming year, which is to start on March 21, 2015. Faramarz…

President Hassan Rouhani’s Chief of Staff Mohammad Nahavandian said on Monday that the government’s role in the economy must be minimized in favor of the private sector. It is incumbent upon the…

US exports to Iran totaled $147.5 million between January and October 2014, down from $245 million in the same period in 2013. According to a report released by the US Census Bureau, the value…

Last week, the Iranian media reported the imminent replacement in the highest position of the Securities and Exchange Organization (SEO), the first such change in ten years.

More than 132 trillion rials worth of government securities have been transferred via initial public offerings (IPO) to the assignees since 2005 in accordance with the Article 44 of the…

The Tehran Stock Exchange (TSE)’s main index notched brief gains in a seesaw session on Tuesday, after the benchmark’s gains massively evaporated during the past three consecutive trading days.

Close to 50 grades of polymers were listed on board for potential customers on oil and petrochemical trading floor at the Iran Mercantile Exchange (IME) on Tuesday, IME’s public relations and…

Iran’s Mines and Mining Industries Development and Renovation Organization (IMIDRO) will jointly hold the International Iranian Iron & Steel Conference on Kish Island next May, reported…

Establishing a special organization to assist and oversee the domestic sale and export of hand-woven carpets has been suggested by the head of Isfahan's Handmade Carpet Manufacturers Association…

President Hassan Rouhani addressed the 54th meeting of the general assembly of the Central Bank of Iran (CBI), which was held in Tehran on Monday.

Praising the banking system's efforts in…

The rial fell against all major currencies on Monday as stocks tumbled to fresh lows on investor fears that the recent sharp drop in oil prices will damage the Iranian economy’s recovery.

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The Export Development Bank of Iran is taking advantage of the country’s improving relations with the world. The bank is increasing its financial activities, providing loans and letters of credit…

Police have arrested a gang of forgers with over a thousand counterfeit notes near the Turkish border on Monday, Banker News reported. The raid took place in Khoy in the northern province of West…

Minister of Roads and Urban Development Abbas Akhoundi said on Monday that the government’s groundless meddling in the housing sector, will impair the industry.

The ministry of cooperatives, labor and social welfare has prepared a new plan to help improve the employment market, Hasan Taie, the deputy minister, said on Monday.

“The plan is aimed at…

Energy Minister Hamid Chitchian said on Monday that Iran is keen to increase bilateral relations with neighboring countries including Armenia.

Trade between Iran and Armenia has…

The water crisis in Iran, which manifested itself in large after Zayandehrud River and Lake Urmia dried up, highlights improper economic planning and will continue to cripple all future economic…

A mining official has urged the Iranian private sector to try to obtain a share in the neighboring countries’ mining markets. “The presence of the private sector must be guaranteed in the mining…

Iran has 776,000 kilometers of air routes for passengers and freight services, according to an industry official.

The government is planning to allocate $600 million in finance to five production-exports development funds.