Economy

Deputy Minister of Industry, Mine, and Trade,  Hossein Abooei Mehrizi predicts a growth of 5-6 percent in the industrial and mining sector for the current Iranian calendar year (to end March…

It has been a few months since companies with the highest market cap have been failing at the Tehran Stock Exchange, dragging down the TEDPIX to notch new record lows, and inflicting heavy losses…

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A quick browse through Persian-language networks abroad and you will see…

The rial lost 30 percent of its value in 2014, according to a recent World Bank report. The Iranian currency stood closely after Argentina’s peso, which lost 32.1 percent of its value in the same…

C entral bankers are the lords of economy and finance. This is true for the world’s top central banks like the Fed, ECB, BOJ and BOE or the SNB. The Swiss National Bank’s recent move to abandon a…

The rial rose against all major currencies on Sunday. The US dollar was down 10 rials or 0.3 percent at 08:30 GMT to 34,240 rials. The euro’s fall was less noticeable, dropping 40 rials or 0.1…

MCI (Hamra-e-Aval) and MTN-Irancell have announced that they have been presented with awards for excellence in customer care and information technology.

Economy Minister Ali Tayebnia has warned bad debtors of strict measures if they do not immediately repay their debts to the banking system.

Iran is the world’s largest producer and exporter of saffron, accounting for approximately 90% of the world production, IRNA quoted head of Khorasan Razavi Province bureau of Joint Iran-…

Iran accounts for more than 5% of the world’s apple production, IRNA quoted head of Central Organization of Rural Cooperative of Iran, Hossein Safaie as saying on Saturday. The official added that…

Lawmakers agreed on Sunday to allocate 4,000 billion rials (about $148 million based on official exchange rate) from next year’s budget to the empowerment of the private and cooperative sectors,…

Iranian and Yemeni aviation authorities have signed a memorandum of understanding on air transport cooperation, IRNA wrote on Sunday citing a report released by Almayadeen TV Channel.

Head of Iran’s Chamber of Commerce, Mine, Industries and Agriculture, Gholam-Hossein Shafei called for the establishment of a “commercial court” in accordance with Article 29 of the Law for…

The value of trade between Iran and Turkmenistan has increased by 20% over the past two years, deputy minister of mine, industry and commerce, Mojtaba Khosrowtaj, said on Saturday, expressing hope…

Trade turnover between Iran and Turkey stood at $13.72 billion in 2014, recording a 6% decrease compared with 2013 when the figure stood at $14.57 billion, according to the latest data released by…

About $4.9 million worth of Iranian-made refrigerators were exported in the first ten months of the current Persian calendar year (ending 20 March), recording an increase of 35% compared with the…

Iran Civil Aviation Organization (CAO) has expressed readiness to establish flights between Iran and Tunisia to facilitate tourism exchange between the two countries, IRNA reported on Saturday.…

Iran and Georgia have signed a memorandum of understanding (MoU) on passenger and goods transportation, Mohammad Javad Atrchian, head of transit and terminals department of The Islamic Republic of…

Transactions in the housing sector are expected to rise in the upcoming year (starting March 21), head of the real estate union, Hesam Oghabie told IRNA on Saturday.  The incremental upward…

The climatic change in the region of Lake Urmia and a consequent drought has taken its toll on numerous plots of land in Azarshahr – the capital of Azarshahr County, East Azerbaijan Province, IRNA…

Despite great potential in Iran’s fishmeal industry, the sector has not been able to attract significant investments so far, according to a report by Persian newspaper Forsat Emrooz.

First Vice President Es’hagh Jahangiri on Saturday notified the Central Bank of Iran of a government ruling to raise its capital, Boursepress reported.

Iran’s largest mobile phone line provider MCI or Hamrae-Aval has announced it is launching a new online service called “My Portal Account” via their own website, according to the company’s PR…

The managing director of Kish Free Zone Organization, Ali Asghar Mounesan, said on Saturday boosting business on the island is key to the implementation to the resistance economy, according to…

The IT services director of Bank Sepah has announced that the bank will roll out a new ATM service in the coming weeks, Banker reported on Saturday.