Governor of the Central Bank of Iran said Sunday that interest rates would be acceptable only if they are 2% over and above the inflation rate.
Economy
Economy
Close to 32 million tons of iron ore will be produced by the end of the current Iranian year (March 19, 2016), said vice president of Iran Iron Ore Producers and Exporters Association. Bahram…
Economy
Iran’s steel mills produced 14.8 million tons of crude steel from January to November 2015, showing a 1% drop in terms of volume compared to last year’s similar period. The decline comes in line…
Economy
Iran’s 101 brokerages are struggling to get out of the red. The over two-year slump in equities, as a result of years of recession and multiple crises, has sapped their earnings.
Economy
Ardabil has exported 98,000 tons of potatoes in the current Iranian year (started March 21), according to the northwestern province’s Agricultural Jihad Organization…
Economy
Iran’s sugar reserves are adequate and the country need not import it in the current Iranian year (to end March 19, 2016), Mehr News Agency quoted deputy minister of agricultural jihad, Abbas…
Economy
The Second Exhibition of Iranian Producers’ Participation in Metro Industry aka Rinex 2016 will be held in Tehran’s Goftegou Park in January 17-19. The event is organized by Tehran Urban and…
Economy
Iran’s saffron, pomegranate, pistachio and concentrates of pomegranate and Damask rose have secured the organic certification from the European Union, says the head of the Organic Association of…
Economy
The Australian Trade Commission, aka Austrade, plans to send a trade delegation to Iran next year to increase bilateral trade, says Australia’s Ambassador to Iran Paul Foley. Austrade, a state-run…
Economy
Seeking to capitalize on the easing of western sanctions on Iran, China's railroad authority has proposed a high-speed rail line for both passengers and cargo connecting the country's northwest…
Economy
Parliamentarians have rejected the bill to establish seven free trade zones in Bushehr, Mehran, Baneh and Marivan, Ardabil, Incheh Borun, Zabol and Jask, in addition to 80 special economic zones,…
Economy
Iran will be setting up three centers abroad for promoting the export of knowledge-based products, an official at the Presidential Office's Science and Technology Department said. According…
Economy
Researchers from the Iranian Research Organization for Science and Technology have designed and produced dual-nozzle 3D printers that allow two-color prints with application in medical field.
Economy
Iran’s export customs clearance formalities now take one day to complete (excluding petrochemical exports), says the head of Islamic Republic of Iran Customs Administration, Masoud Karbasian. He…
Economy
Export Development Bank of Iran has launched a news website to cover topics in international trade, non-oil exports, and promote business information. Ali Saleh Abadi, head of EDBI, said that the…
Economy
A little over two months ago the government unveiled an incentive package to stimulate the economy and ease the recession. The plan was designed after the nuclear agreement with the six…
Economy
The Russian Agency for Export Credit and Investment Insurance (EXIAR) and its Iranian partners have agreed on mutual guarantees for transactions in national currencies, its CEO Alexey Tyupanov…
Economy
The German Euler Hermes credit institution has agreed to establish a $5 billion credit line for Iran, Mohammad Khazai deputy minister of economy said Saturday. The credit is to be granted over 2-3…
Economy
Negotiations are underway with Iran’s Ministry of Industries, Mining and Trade to reduce 50% of customs duties on imports from and exports to Lithuania, says the head of Iran-Lithuania Commerce…
Economy
The goods and services Consumer Price Index for urban areas increased to 13.7% in the 12-month period ending December 21, which marks the end of the Iranian month of Azar, compared to last year’s…
Economy
The Ninth International Exhibition of Goods, Services, Store Equipment and Chain Stores will be held at Tehran’s International Fairground on January 2-5. Besides domestic companies,…
Economy
About 15% to 22% of gold jewelries in the Iranian market are smuggled into the country, the head of Gold and Jewelry Union said.
Economy
More than 844,000 tons of goods worth $286 million were exported from Sistan-Baluchestan from March to October, which indicates a 36% rise in volume and 11% increase in value compared with the…
Economy
Tehran Stock Exchange’s main index TEDPIX inched up 16.20 points or 0.03% to end Saturday trade at 61,436.9.
More than 534 million shares valued at $32.5 million changed hands with daily…
Economy
Iran Mercantile Exchange’s agricultural trading board witnessed the supply of 6,229 tons of corn, 4,000 tons of durum wheat, 11 tons of rice, 500 tons of unprocessed soybean oil and 100 tons of…
Economy
