Economy

President Hassan Rouhani’s office announced Saturday that the president will visit Golestan province on Tuesday to inaugurate a key rail project, which would connect Iran to Turkmenistan and…

The governments of Iran and Azerbaijan are preparing to sign a memorandum of understanding in the agricultural field including livestock trade, Minister of Industry, Mine and Trade Mohammad Reza…

In a bid to manage demand and supply, the government will buy the surplus amount of domestically produced raw milk, the agriculture minister Mahmoud Hojjati told IRNA yesterday. The administration…

The deputy minister for mines and mineral industries has predicted a 6 percent growth for the mining industry in the second half of the Iranian year (September 23 – March 20). In an interview with…

The government has allocated 12 trillion rials (above $447 million at official exchange rate) out of its savings from the subsidy reform plan to the manufacturing sector in the current year,…

A lawmaker has called on the government to ban the import of goods that are not economically justifiable to be imported. Jafar Qaderi, a member of the parliamentary Plan and Budget Committee, said…

President Hassan Rouhani will go to the Central Bank of Iran on Monday to attend the annual general meeting of the bank, it was reported on Friday.

Nearly 12,500 promissory notes worth 2108.6 billion rials ($78 million at official rate) have been protested in Tehran during the first seven months of the year (March 22 - October 22), the…

The ministry of communications and information technology has received only 6 trillion rials ($223 million) of the total 15 trillion rials ($559 million) in state budget allocated for the…

Indian conglomerate Essar Group, is looking to tap frozen Iranian oil revenues for its steel exports to Tehran, in a novel attempt to work around western financial sanctions against the Islamic…

A banking official has warned that any intervention by the government to set the interest rate may be the repetition of past mistakes, referring to previous administration officials who…

The new aluminum ingot production unit at the Iran Aluminum Company has physical progress of almost 75 percent, Majid Feizabadi, the company’s managing director told IRNA, adding that once the…

The scope of exploratory drilling in the projects run by the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) has increased to 100,000 meters, indicating a 61.8…

The equity market is grabbing the headlines again, thanks to its increasingly volatile situation, which is mainly caused by the unsettled investors’ emotional investing bias.

The Tehran…

The Tehran International Permanent Fairground is hosting 3 international exhibitions this week with a large number of foreign companies and business representatives participating from various…

Tehran Stock Exchange (TSE) finished another downward trading week, although it experienced two positive consecutive trading days.

Given the market ambiguities, which triggered unsettled…

The 9th auto parts international exhibition (IAP 2014) was inaugurated on Tehran's Permanent International Fairground on Friday, hosting over 360 domestic companies and some 450 foreign exhibitors…

Iran eyes Germany as its top trading partner, said Ali Majedi, the Iranian Ambassador to Germany addressing the Berlin-based business group Berliner Wirtschaftsgespraeche in the German capital on…

Expansion of transportation routes between Iran and India can bring about numerous economic benefits for both countries, said Iranian Roads and Urban Development Minister Abbas Akhoundi in a…

Value-added tax (VAT) rate will not increase next year, the government has announced.

In a bid to increase its share in international market, the Agricultural Jihad Organization of Khorasan Razavi is implementing 95 projects to improve the quality and quantity of domestically…

The government’s new decision to ease restrictions and issue legal permits for import of Marlboro cigarettes could cost smugglers’ 5-trillion-rial (about $150 million at market rate) in illegal…

The share of Iran in the 2-trillion-dollar Halal market stands at $5 million to $6 million, according to Abolhussein Fakhari, the secretary general of Global Halal Institute.

Foreign investors are showing more signs of interest in the Tehran Stock Exchange following new regulations on foreign investment. Brokerage companies and individual investors from across Europe…

South Korea has transferred $500 million to Iran to pay for crude oil imports under the interim nuclear deal that provides limited relief from sanctions, two sources with direct knowledge of the…