Economy

The inflation rate for the seventh month of the Iranian calendar, ending on October 22, dropped 1.5 percent to reach 19.1 from 20.6 in the previous month (Shahrivar, August 22-September 22), the…

Minister of Cooperatives, Labor and Social Welfare Ali Rabie warned on Monday of what he called increasing urban poverty, saying that income distribution data shows that seven million people are…

Iran is determined to expand its trade ties with Japan, Valiollah Afkhami Raad, the head of Trade Promotion Organization of Iran said in his meeting with Tsuneyuki Kato, the executive manager…

The cabinet has approved a ministerial proposal to facilitate import and export procedures through a new online software, ISNA reported. According to Section 3 of the Article 12 in customs law,…

A senior official with the ministry of industry on Saturday called the Arvand free trade zone in Khuzestan Province a proper venue for export activities, referring to its closeness with big cities…

The Tehran Stock Exchange has launched a new online trading system which enables traders and brokers from any corner of the world to partake in transactions. The new system could also be connected…

Abundant trade opportunities in Iraq can be seized by Iranian exporters once a project-based approach is adopted to take advantage of these opportunities, said an official of the Iran Chamber of…

Efforts by the Rouhani administration to attract foreign direct investment (FDI) into the country have gained strong momentum, with officials now calling on foreign trade players to shift their…

The government has said it is seriously considering raising the capital of state-owned banks, according to the minister of economic affairs and finance.

Increasing the capital of public…

Irancell 3G operator has increased the internet speed by tenfold, said Irancell Chief Executive Officer Alireza Ghalambor Dezfouli. “Nearly 60% of subscribers of second generation are currently…

Bandar Torkaman’s railcar repair and restoration center has fixed over 1,500 railcars in the past three years, according to Ebrahim Gran-Paha, Islamic Republic of Iran North Railway’s CEO. The…

The government needs 60 trillion rials ($2.24 billion) in investment to build rural roads and reach the target set in Iran’s 5th Five-Year Economic Development Plan (2011-2015).The ministry of…

Transit through Anzali Port, in the past seven months was up by a quarter compared to the same period last year. Over 374,918 tons of goods were exported to Russia, Azerbaijan, Turkmenistan and…

Living cost for each household in urban areas is about 18 million rials ($560 based on market rate) per month, according to a survey conducted by Statistical Center of Iran (SCI) in the first…

A confab was held in Tehran with the aim of assessing export opportunities in the Iranian carpet market and ways to export the product to China, which has been a rival for Iranian carpets in…

Turnovers of real estate agencies in Iran show the agencies’ dealings grew in the first half of the year (March 21 – September 22) after a steady decline in prices and a relative stability which…

The head of Iran’s Chamber of Commerce, Industries, Mines, and Agriculture, Gholamhossein Shafeie visited officials from  Holland  public and private sectors in Amsterdam on Sunday.

Minister of Cooperatives, Labor and Social Welfare Ali Rabiee called on Sunday for a reform on the overall function of the country’s existing funds, saying that they have great potential to be…

Trident, an American brand for chewing gum, has caused controversy in Iran after latest data found the gum contains sugar alcohol.Around $1.5 million of gums have so far been imported into Iran…

In the first ever international conference on bitumen production, figures at the event showed that Iran topped bitumen exports for the Middle East region, and ranked fourth in the world, said…

The Iranian Auto Parts Manufacturing Association (IAPMA) has been threatened with dissolution after an Administrative Court of Justice ruling on September 21, annulling the election of the board…

According to the country’s plans, copper exports will hit $2 billion within the few next years, Ahmad Morad Alizadeh, managing director of National Iranian Copper Industries Company (NICICO).” “…

Amid recent debates over unauthorized financial institutions operating across the country, the Central Bank of Iran on Saturday evening released a list of banks and institutions officially…

Compared to times not in the too distant past, Iran's huge auto industry is going through a strange phase. On the one hand the big manufacturers are trying to meet market demand by raising output…

Relaxing and revising stringent regulations in the production sector should be taken into account when assisting manufacturers’ production and export, Behrooz Foroutan, a member of Iran Chamber of…