The government is planning to allocate $600 million in finance to five production-exports development funds.
Economy
Economy
The revenue of Tehran Customs Administration increased 73 percent in the first eight months of the current fiscal year reaching 14.3 trillion rials ($410 million at market exchange rate), Ahmad…
Economy
Iran’s Minister of Agriculture Mahmoud Hojati and Kazakhstan’s Prime Minister Karim Massimov discussed how to improve bilateral economic ties in a meeting in the capital city of Astana on Monday.…
Economy
Based on the market demand, the National Iranian Copper Industries Company (NICIC) was offering close to 4,000 tons of copper cathodes, at the base price of 214,308 rials per kg, on the industrial…
Economy
The initial margin in Tehran’s gold futures market will go up by five percent from Wednesday December 17, as coin futures trading picks up on safe haven demand.
Economy
Domestic steel producers in the private sector produced more than 3 million metric tons of crude steel and steel products during the first 7 months of the current Iranian calendar year (March 21-…
Economy
Iranian lawmakers passed a bill during their Wednesday public session based on which the Iran Mercantile Exchange (IME) would be the reference for setting petrochemical prices, reported ISNA on…
Economy
More than 3,500 megawatts of electricity was traded at the Iran Energy Exchange (IEX) on Monday, the Ministry of Energy’s news agency reported. The minimum price per megawatt recorded at the IEX…
Economy
Initial Public Offerings (IPO) of 8 companies will be launched at the Iran Fara Bourse or over-the-counter (OTC) on January 3, 2015, SENA reported. The upcoming creation units will be transferred…
Economy
The office for economic studies of the Parliament Research Center has conducted a study to find ways to improve Iran’s rank in the annual reports published by the World Bank known as the “Doing…
Economy
The International Organization for Standardization (ISO) has awarded two quality management certificates to Bank Refah Kargaran.
After assessing 28 branches of Refah Bank, the international…
Economy
Deputy economy minister Mohammad Parizi unveiled the government’s main plans for revising the banking system during a specialized meeting held last Thursday to assess the performance of Tejarat…
Economy
The Azadi gold coin hit an eight-month high as stocks plummeted on the anticipation of further rises in gold prices in the last working week of 2014 and an increase in safe haven demand due to…
Economy
First Vice President Es’haq Jahangiri will meet on Tuesday with the CEOs of public and private banks as well as with the managers of credit and financial institutions, MNA reported on Sunday.…
Economy
About 50% of the annual handling capacity of the country’s airports remains untapped, Mohammad Ali Ilkhani, Iran Airports Company Mohammad Ali Ilkhani said on Sunday.
Economy
A top official says 116 plans and 600 infrastructural projects are under way in the transportation sector.
Economy
A delegation of eight Armenian ministers accompanied by their deputies was set to arrive in Tehran on Monday morning to attend the 12th meeting of Iran-Armenia joint commission with the aim of…
Economy
Minister of Agricultural Jihad Mahmood Hojati on Sunday morning left Tehran to attend the 13th prime ministers’ meeting of the Shanghai Cooperation Organization (SCO) in…
Economy
Trade diplomacy is key to dynamic presence in global markets and could lead to reduction of costs. Many experts believe that this is an area where Iran still lags far behind. Instead, they say,…
Economy
Monetary discipline enforced by the government in the wake of recent volatilities in the market has brought tranquility and stability into the market, according to President Hassan Rouhani’s Chief…
Economy
Iran has the capacity to increase its non-oil exports to $70 billion by the end of the current year (ending March 20, 2015), Asadollah Asgaroladi, head of Tehran’s chamber of commerce,…
Economy
Iran has agreed not to seal fuel tanks of Turkish trucks crossing the Iranian border anymore. Iran has also agreed to let Turkish trucks cross the border by only paying regular tolls, Behzad…
Economy
The National Iranian South Oilfields Company has finalized a tripartite contract with a steel company and an oil pipeline company to build 280 kilometers of pipelines, IRNA quoted an NISOC…
Economy
One of Iran’s major carmakers says it has held serious negotiations with a German economic delegation, which is also a member of the German Near and Middle East Association (NUMOV), with the aim…
Economy
Sunday’s trade included various commodities from 30 Iranian and foreign suppliers on the spot market at the Iran Mercantile Exchange (IME) for potential customers, the IME’s public relations and…
Economy
