President Hassan Rouhani said on Wednesday that reliance on oil revenues has considerably reduced in next year's budget.
"The unprecedented oil price fall has made it possible for the…
Economy
Economy
Finnish Outotec Company’s announcement that it is willing to provide technologies and services to Iran’s mining and mineral processing industries was a much talked about event in Iran’s mining…
Economy
The governor of the Central Bank of Iran, Valiollah Seif, made a public announcement on Saturday about the so-called “unauthorized financial institutions,” which are believed to have run a…
Economy
Tehran Municipality has announced a plan to sell hundreds of housing units already built in the Tehransar neighborhood by the end of this year, ending March 2015, according to Mehr news agency.
Economy
Some 15 trillion rials ($557 million at official exchange rate) is annually earmarked to improve the domestic railway network, Mohammadreza Nosrat, deputy manager of the Islamic Republic of Iran…
Economy
Iran and Venezuela plan to expand economic relations, according to Mohammadreza Nematzadeh, minister of Industry, mine, and trade. The minister said in a meeting with the visiting Venezuelan…
Economy
Some 10 trillion rails ($371 million at official exchange rate) has been allocated to expand aquaculture, Hossein Abdolhay, the deputy manager for aquaculture in the Fisheries Organization, said…
Economy
The Novaran Amin Data Processing Company (NADPCO) has been approved by the Securities and Exchange Organization (SEO) as the 11th consulting company to operate at Iran’s capital market, SENA…
Economy
Khalij Fars special economic zone has approved land appropriation for a joint steel venture between Iran and Kuwait, MNA quoted head of the Iranian Mines and Mining Industries Development and…
Economy
More than 722,300 cars were manufactured during the first 8 months of the current Iranian calendar year (ended November 21), indicating 69.8% growth compared with the same period last year,…
Economy
Stock markets have their breathtaking ups and downs, and as matter of fact, both individual and institutional investors may experience losses, though unsettled investors may possibly go wrong in…
Economy
The pricing strategies used by the textile and apparel association have not been useful so far and the pricing system is fundamentally not feasible due to the wide variety in fabrics, design and…
Economy
Trading floors at the Iran Mercantile Exchange (IME) played host to 446,000 tons of oil-based commodities, chemicals, metals, and agricultural commodities on Wednesday, the IME’s public relations…
Economy
Despite previous announcements that the two major state-owned football clubs, Persepolis and Esteghlal, would be priced and be ready for auction by the end of the third quarter of the year, the…
Economy
The Bank of Industry and Mine has funded 23 industrial projects in six months beginning March 2014.
The bank financed loans and other financial facilities in Euros, Yens and rials. The bank…
Economy
Customers can now check the authenticity of Cooperative Development Bank’s guarantees on the bank’s website. Cooperative Development Bank’s customers can check the type, file number and the issue…
Economy
The necessity of implementing knowledge-based projects whilst understanding cultural issues was stressed by the Vice President for Science and Technology in a meeting with the Leader’s…
Economy
T he Central Bank of Iran is considering changing the base year, for calculating its indices and statistics, to 1395 (the Iranian year starting March 2016), the PR office of the central bank…
Economy
Turkish investors have visited the Anzali Free Trade Zone in the north of Iran, eyeing investment opportunities.
Economy
Bank Melli Iran customers can now transfer money via a mobile app using the recipient’s phone number.
However, the service can only be used if both users – the sender and the receiver –…
Economy
As a usual practice, in the recent 2015-16 budget bill presented to the parliament for review and approval, the administration has dedicated a section (Note 5) to National Development Fund of Iran…
Economy
More than 244,000 tons of oil-based commodities were up for grabs on the oil and petrochemical trading floor at the Iran Mercantile Exchange (IME), for local and overseas markets on Tuesday, the…
Economy
The minister of industry, mine and trade has called for the acceleration of investment in an iron ore concentrate plant in Hamedan Province, IRNA reported on Tuesday.
Economy
If the postponement of the nuclear deadline came as a disappointment to many, Iran’s auto industry, the largest non-oil sector in the country, looks set to benefit from the seven-month extension…
Economy
The recent broad retreat at the Tehran Stock Exchange (TSE) pushed down the benchmark to its previous record low, highlighting the TSE's unique Price Earning (P/E) ratio, which provides an…
Economy
