Economy

The Water Resources Management Company has is conducting a study on the extraction and consumption of deep groundwater resources, according to ILNA. The energy ministry says such a study has never…

The ministry of roads and urban development is planning to use concrete on the surface of 10% of the country's roads. The plan applies to regions with extreme cold or hot temperatures. Compared to…

Almost one month after the urban inflation dropped, inflation in rural areas followed suit, according to data from the Statistical Center of Iran. The average inflation rate in rural areas…

Many foreign trade delegations have expressed interest in investing in Iran's industrial projects, a senior official from Trade Promotion Organization of Iran told IRNA Wednesday. This is a great…

Over 10 billion cubic meters of underground water resources in the country is over-drafted annually, says the Department of Environment (DoE), adding that the amount is 50 times the volume of…

President Hassan Rouhani, who also heads the IT Supreme Council, announced Wednesday the technical and administrative criteria on the electronic government development program.

The government has started examining the budget proposal for the next fiscal year (starting March 21, 2015), vice-president for planning and strategic supervision announced on Wednesday.

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The greenback pushed higher against the yen on Wednesday, while the euro and sterling resisted further decline, as low levels spurred more buying. Gold kept on falling as it tested new lows going…

The Securities and Exchange Organization has issued an establishment license for the 136th mutual fund in the country.

The new “Hami” closed-end mutual fund has been successfully…

Eight commercial banks, unscathed from international sanctions against Iran’s banking system, are ready to cooperate with Qatari banks to ease money transfer between the two countries.

In a…

The ministry of economic affairs and finance has reiterated its plans to reform commercial banks’ structures and statutes to help them make their activities profitable.  

The plans…

Unauthorized financial institutions are under attack by the Central Bank of Iran as it tries to pressure them to comply, though the scope of the situation remains unclear.

The Central Bank…

The ministry of economic affairs and finance has prepared a draft Justice Shares reform bill which will be sent to the parliament after the cabinet confirms it in its weekly session, an official…

Close to 50,000 tons of granulated iron ore from Mishdavan mineral complex, with the base value of $25 per ton, has been offered at the export trading floor of Iran Mercantile Exchange (IME), SENA…

Fara Bourse recorded trading of more than 366,630,000 shares worth 1,514 billion rials on Wednesday. These numbers pushed up the market's main index IFX by 4.9 percent.

Nilou Tile Company and Damavand Mineral Company were back on the main board of Tehran Stock Exchange on Wednesday. Following an annual general meeting, Nilou Tile announced that it would not pay…

Saipa CEO Saeed Madani sent a letter on Wednesday to the Securities and Exchange Organization elaborating on the company's plan to offer some of its subsidiary firms on the equity market.…

The government has decided to build new steel plants near the Persian Gulf and Oman Sea with a total capacity of 10 million tons a year, a deputy minister of industry, mine, and trade said…

Stocks at the Tehran Stock Exchange switched between small gains and losses on Wednesday, finishing a seesaw trading day, going flat after two straight upward trend sessions.

The US dollar rose to a six year high against the yen, while gold held near a three month low, after disappointing US jobs data gave rise to speculation that the Federal Reserve will increase…

Deputy oil minister has stressed the need to merge oil ministry with the energy ministry (responsible for the regulation and implementation of policies applicable to electricity, water and…

The government's debt to GDP ratio was the sixth lowest in the world in 2013, according to the most recent report by the World Economic Forum. Iran has now edged up 3 places compared to the…

The Cooperative Development Bank (Tose'e Ta'avon Bank) has granted 6 trillion rials loan facilities during five months since the beginning of this Iranian year (starting March 21, 2014).

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The Money and Credit Council, working under the supervision of the Central Bank of Iran, plans to assign private banks to grant interest-free marriage loans to young couples. 

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The controversial housing project known as Maskan-e Mehr or Mehr Housing Program suffers from poor urban infrastructure, utilities and services, according to the deputy minister of roads and urban…