Economy

The dollar rose in Tehran on Monday as equities fell to a two-week low.

The greenback gained 0.45 percent and changed hands at 33,390 rials by 11:33 GMT in Ferdowsi Street – heart of…

No Swiss delegations have visited Iran over the past eight years, but at least six of them are set to explore the Iranian economic and political atmosphere by the end of June, a Swiss diplomat…

Agriculture received its lowest share of financing in the last four years, despite a 44 percent growth in lending during the previous fiscal year (ended March 20). The agriculture sector received…

Between five and seven thousand metric tons of olive oil is smuggled into the country annually, Mehr news agency quoted Nader Jalallat, a member of Iranian Olive Council as saying on Sunday.

Georgia has expressed willingness to launch a “joint economic committee” with Iran, according to Ali Mohammadi, the Iranian consul general in Georgia’s seaside city of Batumi. “The Georgians seek…

Foreign investment in the Arvand Free Trade Zone (AFTZ) located in the western Khuzestan Province reached $108 million in the past Iranian calendar year (ended March 20), which indicates a 14…

Officials are drawing up a successor to the seven-year-old Mehr social housing project, which has been blamed for everything from corruption and extended construction delays to its role in…

Recycling goes far beyond separating your wet and dry waste —which the city’s municipal authorities have lately been propagating intensively. Scrap recycling industry is a sophisticated, capital-…

The ministry of industry, mine, and trade has called on financiers to invest in a project to utilize the mineral salts such as calcium carbonate, sodium chloride, and potassium sulfate in the Lake…

Iran is planning to increase crude steel production using raw materials supplied by iron ore resources in Kazakhstan, Fooladnews quoted Mehdi Karbasian, deputy minister of industry, mine and trade…

The Tehran Stock Exchange (TSE)’s benchmark ended a seesaw trading day in green following news about a possible cut in interest rates from 22 percent to 20 percent, coupled with positive…

Deputy head of the Geological Survey of Iran (GSI), Behrouz Borna said Iran currently holds 70 different types of minerals, adding that 15 new mineral species including rare-earth elements, nickel…

The agricultural trading floor of Iran Mercantile Exchange (IME) played host to more than 3,000 tons of soybean meal, 5,370 tons of corn, 3,065 tons of rice, 4,000 tons of wheat, 300 tons of…

Former central bank governor Tahmasb Mazaheri has urged the administration to immediately take action and unify foreign exchange rates, whether or not sanctions are lifted.

His remark came…

Top managers of private and state-owned banks have agreed to set the deposit rate ceiling at 20 percent, IRNA reported, citing Abdonasser Hemmati, head of the coordination council of state-owned…

Iran's financial industry is expanding rapidly. Since changes were made in Iran's financial laws in 2008, many new financial services firms and various financial instruments have sprung up. This…

The central bank governor has called for regional cooperation to set up credit lines using local currencies to have more transparent trade transactions under the supervision of the central banks,…

More than $6 billion worth of commodities were traded via border areas of the northwestern Kurdistan Province over the past Iranian calendar year (ended March 20), which indicates a 52 percent…

Close to 100 metric tons of tragacanth gum, valued at $6 million, was exported from Isfahan Province to European and Asian countries during the past  Iranian year (ended March 20),…

Iran imported $875 million worth of different commodities from Turkey during the last quarter of the past Iranian calendar year (ended March 20), according to head of Iran-Turkey Joint Chamber of…

Indian firms are vying to secure a position in the Iranian market as nuclear talks between Iran and the P5+1 are reaching a tipping point, which is expected to see economic sanctions against the…

Iran is one of the leading producers and exporters of dried fruits and nuts. According to data from the agricultural ministry, the country exported 180,262 metric tons of pistachio, 113,378 tons…

President Hassan Rouhani will sign a bill in the coming days which will allow the establishment of a new free trade zone in the northwestern Ardebil Province, the governor-general of Ardebil…

With sanctions expected to be lifted within months, there’s a good chance the country’s $110 billion Tehran Stock Exchange will rally, as international money managers are scrambling to get in…

Monetary and financial policies must be set in a way that economic vulnerability can be reduced and the economy would be consolidated against external shocks, said Central Bank Governor Valiollah…