Economy

Oil prices have fallen off a cliff. This has raised concerns that the Iranian government could run a deficit this year. Sanctions and a faltering economy mean that if a deficit is run, the…

About 27 percent of the construction budget was spent by the government during the first four months of the current fiscal year, which started in 20 March, 2014. According to Tasnim news agency,…

The number of applications by foreign investors choosing Iran as their trade destination has increased fivefold during the past 12 months, director of Iran's Organization for Investment and…

In August 2010, the government of former president Mahmoud Ahmadinejad issued a bylaw to establish six major dry ports across the country established with the aim of decentralizing the country’s…

After years of importing Turkish-made furniture products, Iran has started producing its own furniture through acquiring the industrial know-how, Mehdi Saqafi, a former manager of the furniture…

For the first time in Iranian history, malt extract has been domestically manufactured in the country, Ali Rahmani, a manager of a domestic malt producing company told ISNA on Wednesday. “…

The government seeks to increase the share of industries in GNP to 25 percent by 2025 from its current 20 percent, Mohammadreza Nematzadeh, the minister of industry, mine, and trade said on the…

The Czech Republic’s commercial attaché has said his country wants to boost economic ties with Iran. Peter Stephen made the statement in a meeting with Saied Shabestari Khiabani, the deputy…

The minister of communications and information technology joined domestically developed instant messaging applications, BisPhone, Syna, and Callyar, MNA reported on Tuesday.

The minister…

Officials of Export Development Bank of Iran (EDBI) and Eximbank of Turkey met on the sidelines of the 5th annual meeting of the Aman Union, which was hosted by the Export Guarantee Fund of Iran (…

The chairman of the oldest Iranian bank stressed that his bank’s business activities are outside the scope of asset speculation, reported MNA.

T he value of investment activities in the Arvand Free Trade Zone (AFTZ) reached 1,970 billion rials ($73 million) in the first seven months of this year (ending March 21, 2015), showing an…

Two financial service providers in Iran are about to receive authorization from the Central Bank of Iran (CBI), an official in the central bank announced Tuesday.

Arman and Noor are the two…

The Azadi gold coin advanced to a fresh two week high on Tuesday, recouping losses it sustained during the previous fortnight. The dollar also gained on the rial despite its weakening in the…

Iran’s major holding company in the mining sector said it would end exports of iron ore by March 20, 2017, reported Fooladnews.

Steel production is expected to grow over the coming years as an easing of sanctions placed on Iran will boost the steel industry, a new report projected.

Tehran Stock Exchange's (TSE) indices failed to contribute to the TEDPIX’s uptrend on Tuesday, wiping out part of the recent gains.

Based on the parliament’s Tuesday ratification, investment companies are required to pay interests for the Justice Shares to the Iranian Privatization Company (IPO) until the last dividend. The…

The transaction fees on POS terminal holders should be proportional to the transaction volume, an official at the High Coordination Council for State Banks suggested.

Funding for the improvement of infrastructure in the remaining phases of the Mehr housing project is set to be doubled next year (starting March 21, 2015), Amir Amini, the deputy minister of roads…

Iran has not been able to obtain a fair share of the world trade of halal products, Mahmoud Molanejad, the deputy director of Iran Research Organization for Science and Technology (IROST) said on…

Iran has hailed the Chinese president’s proposal named Silk Road Economic Belt and is ready to cooperate with China in this respect, Iran’s first vice-president Es’haq Jahangiri said in his…

The row between Iran and Turkey over the border transit fees is to be resolved soon, Chairman of Iran’s Chamber of Commerce, Mines and Industries, Gholam-Hossein Shafei, announced on Tuesday.

The Pakistani government is to take measures to remove hurdles in making payments to Iran. The problems include the international sanctions against Tehran over its nuclear energy program, high…

Iran is determined to encourage foreign investment as more foreign trade delegations travel to Iran to explore new opportunities here, director of Iran’ Organization for Investment and Economic…