Economy

Domestic steelmakers are planning to increase exports to four million tons by the end of the current Iranian year (March 19, 2016) from last year’s two million tons, said deputy minister of…

Tehran sits on rich resources of lime. Its geographical location allows for setting up one cement factory at every 100 kilometers. Currently, this densely-populated region is the biggest producer…

A low-profile job that can earn oodles of cash for its holder, especially in uptown Tehran: real-estate agent. They usually work eight hours a day and their payments are often calculated on the…

Minister of Industries, Mining and Trade Mohammad Reza Nematzadeh has proposed a plan to financially help smaller industries. In a letter to the Money and Credit Council—the body in charge of…

Former governor of the Central Bank of Iran, Ebrahim Sheibani, has urged government officials to switch to transactions in national currencies by signing currency swap agreements with other…

Iran is weighing the prospects of launching a foreign exchange market for the first time to enable participants to buy, sell, exchange and speculate on currencies.

The 13 tons of gold repatriated to the Central Bank of Iran is worth $700 million, said the bank’s governor Valiollah Seif.

Iran's Ministry of Industries, Mining and Trade and a Chinese delegation signed a memorandum of understanding to create a specialized automotive university in Alborz province, west of Tehran.

Despite the increase in traffic-calming measures on Iran's roads and highways, as of the start of the current Iranian year (started March 21), car collisions increased by 2.9%.

According to…

Car manufacturers have produced 16.2% more cars in comparison with the same period last year, the spokesperson of Iran's Car Manufacturing Policymaking Council told.  

Sasan Qorbani…

The Cuban government ordered 719 cars from China's BYD Co. which it will rent out to tourists in a deal that is a bright spot for Chinese automakers facing a weak export market.

A central bank official rejected the claim that the rising number of banks would necessarily foster competition, calling on the Competition Committee to urge lenders to compete with one another in…

Banking business in Iran has a long history and since its early days in 1887, the banking industry has undergone many reforms but none has so far been so definitive to stand the test of time.

T he Central Bank of Iran received 13 tons of its gold bullion blocked by sanctions, according to its Governor Valiollah Seif.

The issue was resolved on the sidelines of the nuclear talks…

Iranian banks’ illiquid assets must be sold to boost economic growth, said presidential advisor Akbar Torkan on Thursday.

“Around 50% of the country’s money supply are locked, including…

The government has tasked banks and credit institutions to prepare a list of their movable and immovable assets categorized as surplus and non-surplus. The list must be submitted to the Central…

Chairman of Iran Chamber of Commerce, Industries, Mines and Agriculture Mohsen Jalalpour says growth in the industrial and mining sectors calls for improvement in market competitiveness and…

Ranked among 15 major mineral-rich countries for its 7% share of the global mineral resources, Iran is one of the most prominent mineral producers in the world endowed with a diversity of deposits…

Esfahan Steel Company exported 250,000 tons of products during the first quarter of the current Iranian year (started March 21), which indicates a 400% growth compared to the same period last year…

The stock market looks set to unleash its potential and get back on track amid upbeat news about a comprehensive nuclear deal with the benchmark surging more than 4 percent since June 13.

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As marathon nuclear talks are making progress towards a final deal, investors’ optimism has sent domestic stock markets surging over the past two weeks, compensating for the benchmark’s long-…

Experts estimate it takes about 18-20 months to build a residential unit in Iran while the 2012 Survey of Construction by the Census Bureau indicated that on average, it takes about seven months…

The recent spread of bird flu in one of the villages of Mazandaran Province is to blame for the fall in the exports of chicken to regional markets, said deputy agriculture minister in livestock…

In a meeting between Minister of Agriculture Mahmoud Hojati and Ambassador of the Netherlands to Iran Jos Douma, the two sides discussed cooperation in the agricultural sector. “The Netherlands is…

A newly-established Iraqi transportation company has pledged to facilitate direct transfer of goods from Iran to Iraq, an official in Trade Promotion Organization announced, as reported by IRNA.…