Economy

The deputy minister for industry, mine, and trade said development organizations are required to invest in manufacturing sector in underdeveloped regions across the country, reported Tasnim news…

A lawmaker said the country faces some 3,000 unfinished development projects. According to Alireza Khosravi, the government has decided to conclude 300 of projects with at least 80% of…

Years of drought and the lack of proper sanitation methods and an integrated wastewater treatment system have constrained access to clean water across Iran. Officials have only recently started to…

Iran is estimated to achieve modest economic growth in 2014, according to a new report released by the World Bank.

The Global Economic Prospects Report, which is the World Bank’s flagship…

The biggest event for the country’s telecommunication sector in 2014, according to market players, has been that the monopoly in providing high-tech mobile services ended.

Gold market in Iran followed the global trend in the past week (Oct. 4-10) seeing major fluctuations.

The full gold coin of Bahar Azadi was sold at 9,280,000 rials on Monday, hitting the…

The cooperation between the Supreme Council of Cyberspace and the Ministry of Information and Communication Technology (ICT) has finally yielded results with the launch of the…

The governor of the Central Bank of Iran, Valiollah Seif, is heading a high level delegation consisting of the deputy governor, director general of economic affairs, and the director of foreign…

President Hassan Rouhani’s government has prepared the ground for foreign investors to enter the mine sector by providing incentives and creating the necessary infrastructures, said Mohammad…

The Organization of Spectacles Distributors and Manufacturers in Tehran said that the four domestic producers of eyeglasses lenses only produce between 200,000 and 300,000 lenses annually. On the…

The bulk of Iranian dates were exported to European and American markets in the period 2001-2006, this has now shifted to Asia upon the enforcement of international sanctions against Iran,…

More than 392,000 tons of commodities were offered on the sport market of the Iran Mercantile Exchange valued at $278 million during the week ending Oct. 9, the IME’s international affairs and…

Stocks at the Tehran Stock Exchange briefly ticked up in the week ending Oct. 8, compared to last week, although the current gloomy atmosphere still prevails in the equity market.

The overall export price index (EPI) edged up 0.2 percent in the month of Mordad (ending August 22) compared to one month earlier. Plastics experienced the highest price growth with a three…

The 15th International Exhibition of Telecommunications, Information Technology and Solutions, known as Iran Telecom 2014, was inaugurated on Monday at Tehran’s International Permanent Fairground…

Production has in general had a positive trend in recent months though some industries are reportedly in trouble now, said the minister of economic affairs and finance on Tuesday. Ali Tayebnia was…

Economic and social mismanagement has increased the number of people living in cities in the past decade, the deputy minister of roads and urban development said, IRIB reported. Four decades ago,…

Around 170 kilometers of highways will be complete by the end of the current Iranian year (March 2015), the deputy minister of roads and urban development, Ali Nourzad said.

The new Tajik ambassador to Tehran, Nematollah Imamzada has called for expansion of trade ties between the two countries in his meeting with the head of Iran’s Chamber of Commerce, Industries and…

Iran’s ambassador to the Republic of Georgia said his country is interested in investing in the Caucuses region. Abbas Talebifar said he met with Tbilisi mayor Davit Narmania to discuss cultural…

New figures indicate that Iran’s auto production has got off to a strong start in the fiscal year 2014/15. The good news comes as a report by the Business Monitor International, released in…

Close to 466,000 tons of 47 types of commodities were offered at the spot market of the Iran Mercantile Exchange on Wednesday, SENA reported.

Iranian experts have achieved a new combination of cement that can be used in oil well drilling following a research project conducted by the research and technology department of the National…

Prices of imported cars remained unchanged last week as supply and demand balanced each other and also because of stability in exchange rates, ISNA reported.

Iran’s construction industry is expected to pick up momentum in the short-to-medium term, with an average growth forecast of 3.6% over the next five years. As a report by a Business Monitor…