Economy

The Iran Mercantile Exchange (IME)’s export trading floor featured 100,000 tons of iron ore concentrate, with the base price of $24 per ton, offered by Sangan Iron Ore Complex at Monday trade.…

A micro website called ourwishes.ir has been set up to collect wishes and aspirations for everyone celebrating the upcoming Persian New Year of 1394. This is the first website created for the sole…

Top Presidential Advisor Akbar Torkan on Sunday threatened to expose politicians who plan to use ill-gotten wealth in their election campaign in the next Iranian year.

In its latest monthly report (the month ending to Jan. 20) on economic indicators, the Central Bank of Iran (CBI) did not include statistics on bounced checks.

Previously available figures…

Bank Keshavarzi (Agriculture Bank) has announced that it is ready to invest in the auto industry.

Providing financial services based on clients’ needs and boosting manufacturing in…

P rice comparison websites have become increasingly popular around the world over the last ten years. In the United Kingdom and the United States market research groups have estimated that…

Iran’s e-check system, Checkavak, went online in four other provinces, Banker news website reported on Sunday.

North Khorasan, South Khorasan, Bushehr and Hormozgan have now joined the…

The cost of producing every metric ton of iron ore in Iran is between 15 and 20 dollars while the figure in Australia is around $7, said the chairman of the Iron Ore Producers and Exporters of…

The evident bearish trend at the equity market has intensified the pullback at the Tehran Stock Exchange, with the TEDPIX plummeting 104.4 points or 0.16 percent to end at 63,806.7 at Sunday’s…

Plans by the ministry of industry, mine and trade target a 15% growth in the mining sector for the upcoming Iranian calendar year (to start March 21) from the current 10.5%, Eghtesadnews cited…

The online system to sell iron and steel products has been officially launched, enabling the retail consumers to buy products on prices usually below the market price, IRNA quoted the Samanehahan…

Al- Etihad Airways, the second largest airline of the United Arab Emirates, is to increase its flights between Abu Dhabi and Tehran from three flights a week to a daily service, as of April…

China, Iraq, the UAE , Afghanistan and India have been, on a descending order, the biggest importers of Iranian goods during the first 11 months of the current Iranian calendar year (ending 20…

Olive production increased by 25,000 metric tons in the outgoing year (to end March 20) compared to last year, Mohammad Ramezani, an official in ministry of agricultural Jihad said in a news…

The export of meat and dairy products to Russia is facing numerous challenges even if Russia Federal Service for Supervision of Consumer Rights Protection and Human Well-Being approves of…

The government will start eliminating the rich from the list of cash subsidies only when it is sure about people’s real income and wealth, First Vice President Es’haq Jahangiri, told Eghtesad news…

Nearly 11,281 million metric tons of various commodities have been transited through the country’s borders during the 11 months of the current Iranian year (to end March 20), recording an increase…

A duo trying to distribute counterfeit ‘Iran Checks’ and bank notes was arrested in Kurdestan province, said the head of the provincial police department, Abdollah Fatehi. Contrary to regular…

A major malaise of Iran’s economy is the significant volume of floating capital that manufacturing and service sectors are unable to attract, according to economists, who liken the problem to “…

The euro had its worst day in five month on Saturday, sinking to a 2 1/2 year low following its beating in the Forex market on Friday. The Azadi gold coin also sank to a three-month low on…

The role of international connections is undeniable in economic growth; however, the problems with the domestic economy are not limited to international connections, economist Hassan Sobhani said…

The founder of Eghtesad Novin Bank, the first Iranian private bank, says the idea of unifying exchange rates by the end of next fiscal year is feasible.

The prices of nuts and dried fruits are expected to decline in the remaining days of the current year (ending on March 20), head of Iran’s nuts and dried fruits union, Mostafa Ahmadi told IRNA.

Indian rice accounts for 80% of rice imports to Iran, secretary of the Rice Importers Association, Massih Keshavarz said on Saturday.  “According to statistics released by Iran Customs…

About 186,000 development projects are currently under construction across the country, deputy minister of road and urban development, Mohammad Ja’far Alizadeh, said on Friday.