Economy

Iranian workers are awaiting a decision by the government to increase housing allowance as part of their monthly salary.

“The proposal to raise the allowance has been sent to the Cabinet…

A s the Greek debt crisis reaches a crescendo, questions remain as to how the country found itself in its current dilemma.

Seven Iranian banks are connected to SWIFT, the international interbank messaging network, offering their clients a window to the global banking system, said the vice governor of the central bank…

Iran has $5.21 billion in foreign debt, and some $245 billion are circulating the economy, central bank statistics show. The country had $428 million in short-term debt and $4.78 billion in long-…

More than $4.62 billion worth of goods were exported to China, Iraq, the United Arab Emirates, India, Afghanistan, Turkey and Turkmenistan in the first two months of the current Iranian year (…

As negotiations between Iran and world powers get close to a final deal to end a dispute over Iran’s nuclear energy program and to consequently remove western sanctions imposed on Iran’s aviation…

Until further notice, chicken can be exported with no permit requirement from the Ministry of Agriculture, reported the Trade Promotion Organization of Iran. “Unlike previous years, we are facing…

Risk-taking is the key to success for traders in the Iraqi market, said deputy minister of industries, mining and trade in economic and business affairs. “By identifying and tackling trade…

The number of freight wagons at Imam Khomeini Port increased by 14% to 6,957 in the first quarter of the current Iranian year (started March 21) compared to the same period of last year, said…

A Chinese financing company has agreed to invest in Semnan Province’s mining sector, Mehr News Agency quoted the head of Industries, Mining and Trade Organization of the northern province, Behrouz…

Stock prices were oscillating between gains and losses at Tehran Stock Exchange on Saturday, with TEDPIX inching up 56.41 points or 0.08% to stand at 66,817.8 at the day’s close.

After the…

Policymakers and economic architects have lately expressed increasing interest in establishing a real-estate bourse. In their design, such a bourse would be mediated by the stock market,…

Eighteen new mines were discovered and readied for exploitation in Khorasan Razavi Province in the first quarter of the current Iranian year (started March 21), said the head of Industries, Mining…

The market for medicinal herbs, a multi-billion dollar industry throughout the world, remains largely untapped in Iran despite availability of a wide range of herbal plants.

An all-electric tractor-trailer hit the road in Munich, Germany—the first time such a large electric vehicle made by a European manufacturer has gone into regular service in Europe, according…

Foreign automakers from South Korea, Japan and the US will want to start operating in Iran again once Tehran and the six world powers clinch a final nuclear agreement, secretary of Iran Vehicle…

Toyota has expressed interest in selling more cars in Iran when western imposed sanctions on Tehran over its nuclear energy plan are lifted, said Orhan Ozer, CEO at Toyota Motor Manufacturing…

A money market analyst has warned about the inflationary effects of the mammoth government debt to the banking system, saying it was creating a dangerous situation, resulting in an explosion of…

Even as talks to conclude a comprehensive nuclear deal between Iran and the six world powers have entered what amounted to triple overtime, negotiators in Vienna, Austria, continue to convey a…

L ender Mellat has the lowest ratio of non-performing loans among Iran’s largest banks, state-owned IRNA reported.

Mellat Bank has the top spot in terms of lending efficiency and salvaging…

The governor of the Central Bank of Iran once again warned the public of the consequences of depositing in unauthorized credit institutions. “It is absolutely clear that there are doubts about the…

Iran could soon become a full member of Shanghai Cooperation Organization, Russia’s foreign minister said on Thursday.

Sergei Lavrov was speaking at the joint SCO/Brics summit, a day after…

Head of the United Arab Emirates’ Jebel Ali Free Trade Zone says his country will not wait for a comprehensive nuclear deal between Iran and the P5+1 group to expand economic relations with Iran…

A report by the Ministry of Industries, Mining and Trade indicates that $154 million worth of flat-rolled non-alloy steel and iron products were exported in the first two months of the current…

Esfahan Steel Company says it is investigating the cause of a rare incident in one of its converters, which left three workers dead and at least six others injured, reportedly due to splashing…