Economy

An statistical report on the performance of Export Development Bank of Iran (EDBI) for the first seven months of the current Iranian year May 21- October 21, 2014) was released, revealing details…

Head of Iran’s Chamber of Commerce, Industries, Mines and Agriculture, Gholam Hossein Shafei, called for expansion of trade with Germany, saying that trade turnover with Germany, currently…

In the budget proposed by the government, the customs revenues are predicted to reach 130 trillion rials ($4.8 billion at official exchange rate) within the next fiscal year, which will start…

The government needs to establish a national saffron development fund to help organize the saffron market, regulate the price fluctuations and further export the product, Farshid Manouchehri,…

Director of Iran’s Civil Aviation Organization, Ali Jahangiri, said on Sunday that only Iranian nationals are authorized to import aircraft. Iran recently lifted restrictions over the import of…

Foreign currency policymakers have always focused on maintaining the “nominal exchange rate” and have treated the “real exchange rate” with indifference. The latter, however, has gained relevance…

The market will decide the price of bread, Mojtaba Khosrotaj, the deputy minister of industry, mine and trade, said on Sunday, adding that only 20 percent of bakeries across the country are free…

The managing director of a major steel producer criticized the low quality of imported steel products, calling on the government to impose higher tariffs on steel imports, reported Fooladnews on…

For the upcoming Iranian calendar year (starting March 21, 2015), the government will benefit from royalty payments as high as 30% in the iron ore mines, reported ILNA on Sunday.

Sunday’s trade at the Iran Mercantile Exchange (IME) included offers of imported commodities from Russia, China, India, and Kyrgyzstan, the IME’s public relations and international affairs office…

The Tehran Stock Exchange (TSE)’s benchmark headed for a third straight consecutive day of losses, notching a fresh record low following Sunday’s lackluster trade.

The minister of industry, mine and trade says he has personally followed up the progress of several steel production projects, and has urged the removal of obstacles on the way of unfinished…

Shopping in Iran remains a very local affair, unlike in Europe which since the 1950s has been dominated by the growth of large superstores.

Insurance coverage of the Export Guarantee Fund of Iran increased by 30 percent in the first eight months of the current Iranian year compared to the same period of the previous year, IRNA quoted…

IIran has been picked as a key member of the steering committee for Expo 2015 after it gained a majority of votes, Seyed Mohammad Jozi, the consulate general of the Islamic Republic of Iran in…

Parsian Bank’s CEO has announced his private bank is now offering premium banking services to regular and new customers. Parsian is one of the first banks to develop this new method of attracting…

Iran has to seize the opportunities in neighboring countries to increase its export of engineering and technical services, Deputy Foreign Minister Morteza Sarmadi said on Saturday.”Many countries…

Reforms must be made to Iran’s rail industries that have plunged into recession in recent years, Mohammad Reza Nematzadeh, the minister of mine, industry and trade, said on Saturday. He added that…

Iran’s tax revenues increased by 52 percent during the first eight months of the current year compared to the same period last year, Ali Asgari, head of the National Tax Administration, said on…

Investment policies of President Hassan Rouhani and his economic team to improve agro-infrastructure, such as improvement of irrigation systems, will help Iran produce better quality grains, a…

Optimism about the future of the ongoing nuclear talks between Iran and the P5+1 (the US, Britain, China, France, Russia and Germany) and the extension of sanctions relief have triggered…

The export of IT-related services rose by 60% during the first eight months of the current Iranian year, compared with the same period last year, Valiollah Afkhamirad, head of Trade Promotion…

New data provided by the Central Bank of Iran (CBI) shows that the rate of investment in the housing sector has increased to 44.3% this year from 38% in the Iranian calendar year of 1385 (March…

Iranian Steel Producers Association (ISPA) announced Saturday that steel import has increased by 33 percent in the first half of the current Iranian year (March 21-September 22), compared to the…

More than 89,000 tons of 33 types of commodities were offered on the spot market at the Iran Mercantile Exchange on Saturday, IME’s public relations and international affairs office reported.