Economy

Arvand Free Trade Zone (AFZ) located in the southwest corner of Iran, bordering Arvand River and beyond that southern Iraq has a unique proposition on offer, which differs from the other free…

The equity market will not get hurt if commercial banks stop their firm-running activities and sell their equities there, said the head of Securities and Exchange Organization on Tuesday.

As part of its recent campaign against unauthorized financial institutions, the Central Bank of Iran has launched an online system inviting citizens to use it to help the bank identify illegal…

The minister of industry, mine and trade says that a quicker exit from recession will be possible if the younger generation contributes to economic growth.

Tehran’s trade exchange with Vienna is expected to grow up to 10 percent by the end of 2014, deputy trade commissioner from the Austrian embassy told IRNA on Tuesday, saying that the number stood…

The transnational nature of agricultural and environmental challenges faced by Iran and its neighbours would require a concerted regional approach to address them effectively and in a sustainable…

Ministry of cooperatives, labor and social welfare is to execute a new development plan known as “Package of Seven”, which aims to make cooperative organizations more efficient and productive.…

Turkish officials have agreed to allow Iranian trucks cross Bazargan border into Turkey provided that Iran removes fuel price difference for those Turkish trucks with sealed fuel tanks, Reza Kami…

Importation of fruits of every kind, especially citrus fruits, is banned and no related permits whatsoever will be granted until further notice, deputy agriculture minister said Tuesday.

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The promising prospect of Iran’s nuclear negotiations with the world powers as well as recent efforts by different European countries to prepare the ground for their return to Iran as a hugely…

The government's main economic policy is to improve the business environment in a bid to strengthen the private sector's role in national production, First Vice President Es'haq Jahangiri said on…

Vice president for planning and strategic supervision Mohammad Baqer Nobakht says the Sixth Five-Year Economic Development Plan (2016-2021) is being formulated by his office.

The banking system is seeking to retain its reputation once distorted by the previous administration, claimed the governor of the Central Bank of Iran on Monday.

Customers can enjoy an online service provided by Iran Insurance Company (IIC) if they purchase its third-party insurance service, a company official said on Monday.

Mahmoud Amrollahi, IIC’…

E-commerce has boomed in Iran over the last few years. The careers of the Mohammadi brothers are the perfect example of how quickly the industry has evolved. When Saeed and Hamid Mohammadi founded…

Bank Maskan, as the major provider of housing loans, needs to develop and diversify its financial instruments, said the minister of economic affairs and finance on Monday.

In a speech given…

Kish Island authorities have announced a decision to establish the first cross-border bank on the island, according to the economic and investment deputy of Kish Free Zone Organization (KFZO). Ali…

 Steel billet prices fell by around one million rials per ton during last week in Iran’s northern port of Bandar Anzali. The 150mm billet was exchanged at 16.9 million rials per ton, while…

More than 123,000 tons of various commodities were on offer at the Iran Mercantile Exchange (IIME) on Monday, IME’s PR and foreign affairs department reported.

Stocks early rally partly waned at the Tehran Stock Exchange (TSE), as most of the stocks moved up only slightly, with the TEDPIX briefly notched up on Monday.

The unsettled stock market…

Major European car makers are likely to attend a car industry conference in Iran on the first of December. The Second International Auto Conference will have delegations from Mercedes-Benz,…

Turkish transit authorities have left the Iranian administration’s calls for negotiating over truck transit fees unanswered, as the fee spat between the two neighbors continues to hurt truck…

About 40,000 Mehr housing units will be completed and delivered to the applicants by the end of the current Iranian year (March 20, 2015) in cities with a population of 25,000 or below, the head…

African countries, namely Ethiopia are looking to draw in foreign investments, said Ali Bahraini, the Iranian ambassador to Ethiopia. Ethiopia is granting five-year tax breaks to foreign companies…

Halal (religiously permissible) brand can provide Iran with abundant possibility to turn its food industry into a regional hub, which can supply ‘halal food products’ to Muslim nations in the…