In a bid to attract foreign investors and raise funds for implementing domestic development projects, a "financial free zone" will be created on Kish Island, Presidential Advisor Akbar Torkan said…
Economy
Economy
New-car sales in Russia fell 39% in October, increasing the pace of decline during the country’s economic slump.
Sales dropped to 129,958 last month after a 29% drop in September, the…
Economy
The French state is close to reducing its stake in Renault back to 15% and wants the governance structure in its alliance with Nissan to remain unchanged, France’s Economy Minister Emmanuel Macron…
Economy
Iran’s Customs Administration has released figures for the first seven months of the Iranian year (started March 21) and reported that 23,786 vehicles worth $576,444,344 have been imported.…
Economy
Minister of Foreign Trade and Economic Relations of Bosnia and Herzegovina Mirko Sarovic, who was accompanied by a 25-strong trade delegation, and Iran’s Minister of Economic Affairs and Finance…
Economy
Iran has not held any negotiations to purchase Russian-made Sukhoi Superjet 100 passenger planes, says Minister of Roads and Urban Development Abbas Akhoundi. “Before any acquisition, we need to…
Economy
Some $150 million worth of goods were exported from Golestan mainly to Iraq–accounting for more than $60 million of the total–during the first half the current Iranian year (started March 21),…
Economy
Iran meets 85% of its need for wheat through domestic production.
This was announced by Esmaeil Esfandiaripour, the official in charge of the Wheat Project, which is a government scheme to…
Economy
Armenia’s Transport and Communications Minister Gagik Beglaryan said on Monday he would visit Iran later this year to pursue the planned construction of Iran-Armenia railroad and a potential road…
Economy
With the end of western sanctions expected to come as soon as the start of next year, Iran is now the target of trade delegations and missions from across the world.
Economy
A comprehensive memorandum of understanding on cooperation in the sectors of tourism, industry, arts, water, technology and student exchange was signed between the Governor of Isfahan Province…
Economy
Iran Mercantile Exchange is about to offer currency futures for the first time to help Iranian companies and foreign investors hedge against the foreign exchange fluctuations of the Iranian…
Economy
Saffron is one of the world’s most precious products, worth more than its weight in gold.
Prized at dinner tables around the world, it is a spice only found in minute quantities in each…
Economy
The quality of disposable syringes manufactured in Iran is on par with those made in Europe, says the commercial executive of a pioneer company manufacturing disposable medical devices and…
Economy
Tehran Stock Exchange’s main index gained 8.60 points or 0.01% to stand at 63,044 at Tuesday’s close.
More than 446 million shares changed hands value at over $21.3 million to register…
Economy
The Money and Credit Council will decide whether to lower interest rates to the proposed 18% from the current 20% in its meeting on Wednesday, said Mohammad Baqer Nowbakht, the government…
Economy
The housing loan ceiling will be raised to one billion rials ($33,000) next year from the present 800 million rials ($26,400), as the Money and Credit Council has indicated its agreement with the…
Economy
United Nations Conference on Trade and Development publishes an annual report called the World Investment Report focusing on trends in foreign direct investment. According to its 2015 report…
Economy
Central Insurance of Iran’s safety and damage prevention department has released statistics on its marine coverage performance.
Economy
The Central Bank and Money and Credit Council should have enough authority to be able to set balanced and suitable interest rates in a way to mitigate the intermediary role of private banks, a…
Economy
The long and lengthy loan processing at banks is affecting most economic sectors and is due largely to the lenders’ limited resources, said Ali Asghar Mirmohammad Sadeghi, head of Central Bank of…
Economy
A network development specialist has said Iran ranks fourth in the world in web hosting by having 65% of popular sites visited most frequently by Iranian Netizens.
Economy
Iranian companies specialized in producing videogames can now register as knowledge-based firms. Iran Computer and Videogames Foundation and the Headquarters for Developing Soft Technologies…
Economy
Mobile Internet connections are officially the most common portal used in Iran, according to a new report from the National Internet Development Management Center.
Iranians…
Economy
The chief executive of South Africa-based mobile phone operator MTN has resigned over a $5.2 billion fine imposed on the company in Nigeria, the telecoms giant said in a statement on Monday.
Economy
