Economy

Mohammad Baqer Nobakht, the head of Plan and Budget Organization of Iran, says despite sanctions, the government’s financial resources have increased more than 20% in the first seven months of…

The Agriculture Ministry plans to establish 2,763 hectares of greenhouses by the end of the current Iranian year (March 20, 2019), which needs investments worth 8 trillion rials ($53.5 million…

Mohammad Eslami, the nominee of President Hassan Rouhani to take the helm of the Ministry of Roads and Urban Development, has outlined his plans and priorities in heading the ministry at a…

1. Deputy Oil Minister Ali Kardor: Foreigners can now buy oil from Iran through the Iran Energy Exchange [aka IRENEX]. (IRNA) 2. Chairman of Iran-Azerbaijan Chamber of Commerce Behrouz…

A new European Union mechanism to facilitate payments for Iranian exports should be legally in place by Nov. 4, when the next phase of US sanctions hit, but will not be operational until early…

Foreign Minister Mohammad Javad Zarif in a closed session briefed lawmakers Tuesday about the ‘Iran Action Plan’ with the global ant-money laundering body the Financial Action Task Force.…

Head of the Central Insurance company of Iran announced that 100 trillion rials ($716.84 million) worth of insurance debt securities will be issued in the near future, IBENA reported.

Secretary of the High Council of Free Trade Zones and Special Economic Areas said the establishment of an international bourse in Iran's FTZ's is in the final stages to help attract foreign…

Tehran Stock Exchange’s main index lost 2,460.16 points or 1.31% on Tuesday to end trading at 185,318.7. About 2.75 billion shares valued at $72.73 million changed hands at TSE for the day.…

As Tehran's residential housing market was experiencing a reversal and coming out of a long recession last year, the capital city's commercial properties market was sinking into stagnancy,…

A total of 1,820 tons of processed chicken feet were exported from Iran's northern Mazandaran Province to Hong Kong, Myanmar and Vietnam in the first half of the current Iranian year (March 21-…

Tehran Stock Exchange’s main index lost 1,659.08 points or 0.88% on Monday to end trading at 187,778.9. About 3.24 billion shares valued at $83.99 million changed hands at TSE for the day.…

Iran’s Logistics Centers Planning Document, which aims to reduce transportation expenses by up to 30% when fully implemented, was ratified by the High Council of Transportation on Aug. 21 and…

The nominal value of Iran's debt market stood at 929.81 trillion rials ($6.57 billion) on Monday. The figure was 717.61 trillion rials ($5.07 billion) in the beginning of the current fiscal (…

The fifth edition of the International Exhibition of Exchange, Banking, Insurance and Privatization, being held along with the 10th edition of the Exhibition on Iran’s Investment Opportunities,…

Tehran received about one-third of all home purchase loans allocated to Iranian provinces during the first half of the current fiscal year (March 21-Sept. 22), latest data released by the agent…

Iran is ranked among the 50 most valuable nation brands in the world, according to a report titled "Nation Brands 2018" released by Brand Finance—a leading brand valuation and strategy…

Iran has succeeded in meeting all health and safety requirements for exporting agricultural commodities to Vietnam, an official with the Ministry of Agriculture said. 

A total of 7,626 tons of tobacco worth 2.25 trillion rials ($54.26 million) were imported into Iran during the first five months of the current Iranian year (March 21-Aug. 22), according to data…

Iran's agricultural trade deficit amounted to $2.12 billion in the first half of the current Iranian year (March 21-Sept. 22). A which shows a 40% rise compared with the similar period of last…

Armenia has expressed readiness to help strengthen commercial ties between Iran and the Eurasia Economic Union. “This year, EEU member states and Iran signed an interim agreement as a first…

Among the costly urban projects underway in the capital, the subway network, which is already seen as a white elephant, seems to have an insatiable appetite for funds. Chairman of Tehran City…

The head of Iran Chamber of Commerce, Industries, Mines and Agriculture called on the government and the Central Bank of Iran to improve oversight of the cumbersome banking system and move it…

Banks and credit institutions lent 3.03 quadrillion rials ($22.13 billion) to various sectors during the first six months of the current fiscal that ended on September 22, the Central Bank of…

Tehran Stock Exchange’s main index gained 862.25 points or 0.46% on Sunday to end trading at 189,438.1. About 3.26 billion shares valued at $90.38 million changed hands at TSE for the day.…