Economy

Parliament members have put forth a new set of solutions for helping increase banks capital, while reviewing a long-waiting bill that seeks to remove obstacles hindering domestic manufacturing,…

Dey Insurance Company (DIC) has received a written notice from the Central Insurance of Iran, the primary insurance regulator, following reports that the reserve requirements submitted by the…

Bank Sepah has vowed to finance 10 major development projects in petrochemical, oil and gas sectors in the upcoming year, starting March 21. The commercial lender provided in the outgoing year…

The seventh Startup Grind of Tehran, held on Sunday, saw a number of young entrepreneurs and start-up enthusiasts come together to discuss business plans, expand their social network and interact…

Monday trading at Iran Mercantile Exchange (IME) witnessed the offering of 50,000 tons of iron ore by the Iranian Central Plateau Iron Ore Mines Complex, priced at $22 per ton, on the export…

The Tehran Stock Exchange (TSE)'s overall index notched up 1.98 percent in five days of winning streak to spur expectations that the equity market is getting back on track.

All indices…

Deputy minister of industry, mine, and trade, Mehdi Karbasian blames the 50% decline in global iron ore prices, sharp declines in the global prices of copper cathodes and concentrate as well as…

Indian Ambassador to Iran, Shri DP Srivastava, says his country is keen to invest in Iran’s steel sector to produce iron powder, IRNA reported.  The envoy made the remarks during his meeting…

As per a new memorandum of understanding (MoU), Iran will have exported 25,500 tons of basic commodities to Iraq by the end of the current Iranian year (March 20, 2015), IRNA cited managing…

More than 6,000 tons of hand-woven carpets were exported over the past 11 months of the current Iranian year (ends March 20), registering a 32% rise compared with the similar period last year,…

The second production line of the joint Iran-Croatia cigarette manufacturing company was inaugurated in the northern city of Sari in Mazandaran Province, Mehr news agency reported. The two…

Iran’s water crisis has surpassed the critical point. But even as citizens are faced with the crippling challenge on a daily basis, the approach adopted by the relevant authorities show no sign of…

South Khorasan Province is a suitable and secure gateway for trade development between Iran and Afghanistan, Afghan ambassador to Iran, Nasir Ahmad Nour said on Sunday, adding: “Afghanistan is on…

Iran accounts for less than one percent of the global market for Halal foods, according to member of parliament and head of the parliament’s Social Commission, Abdolreza Azizi.

The Supreme Labor Council on Sunday set the minimum monthly wage for the upcoming Iranian fiscal year (starting March 21) at 7.12 million rials ($254 based on the official exchange rate), which…

More than a million tons of various commodities from 50 local suppliers were offered at the spot market on Sunday trading to register a record high at the Iran Mercantile Exchange (IME) within the…

An Italian company has expressed readiness to invest in a health development project in Kish after reviewing investment capacities on the Persian Gulf Island.

To hold another round of talks with the Central Bank of the Russian Federation, a delegation from the Central Bank of Iran (CBI) travelled to Russia on March 11-12 to finalize monetary agreements…

The board of trustees of the National Development Fund of Iran (NDFI), headed by President Hassan Rouhani, met on Saturday to decide for important plans and priorities of the upcoming year,…

Regulations set forth by Central Insurance (primary regulator of insurance affairs in Iran) stipulate that all insurance companies are obliged to invest their capital within the real estate market…

The selloff in the currency market continued on Sunday, as investors’ lower safe haven demand drove the rial to new highs versus major currencies.

The dollar rebounded later in the day to…

I n 2011 a plan to extend Tehran’s satellite city of Parand—20km southwest of the capital city—was made public by a group of developers. They announced that the newly proposed city would be called…

Operations have started in Golgohar iron ore mine’s 5th mineral reserve, which is estimated to hold at least 24 million metric tons of iron ore, the Iranian Mines and mining Industries Development…

The nepheline syenite mine in the northwestern city of Sarab has begun producing alumina, the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) reported on…

Major iron ore companies produced 23.56 million metric tons of iron ore concentrate during the eleven months ending on February 19, Fooladnews reported. The production recorded a 7% growth in…