Economy

Tehran will face an exacerbated water crisis unless immediate reforms are implemented, the governor of Tehran province told news outlets recently.

An extraordinarily dry winter combined…

The CEO of Azarnoosh company—a producer of raw materials and additives for the food industry— discussed the advantages of investing in the Iranian food industry, as well as the problems this…

The production of tile and ceramics reached 340 million square meters over the past 11 months of the current Iranian year (to end March 20), growing by 25 percent compared with the similar period…

Excessive imports have hurt the domestic agriculture sector, forcing many farmers to stop production, head of Iran’s Agriculture Trade Union, Mousa Rahnamayee told Mehr news agency on Wednesday.…

The Iranian National Tax Administration (INTA) on Wednesday announced the rate of value-added tax (VAT) in the upcoming Iranian year (starting March 21) at 9 percent, including 6 percent towards…

An Iranian bank registered in Russia has been announced as a new financial transit route for transactions between Iran and foreign countries, ISNA reported on Tuesday.

Mir Business Bank was…

The new loans provided by commercial banks in the 11 months to February 19 exceeded 2.91 quadrillion rials ($104 billion at official exchange rate), new data shows.

Foreign currencies extended their rally against the rial on Tuesday, ushered on by unsettling comments from diplomats engaged in the nuclear talks.

The rial retreated in the face of all…

The Central bank governor outlined his bank’s strategy and targets for the upcoming year (starting March 21).

Valliolah Seif told the press on Wednesday that his bank will continue its “…

In the upcoming year, a special list will be created of receivers of the point-of-sales (POS) terminals from commercial banks in a bid to identify who “lose” their devices, said Hamed Mansouri,…

The Money and Credit Council announced a uniform contract for all interest-free loans provided by Iranian banks across the country. The new form of contract will be used as of next year, the…

Iran Mercantile Exchange (IME)’s agricultural trading floor featured 2,500 tons of rice, 1,000 tons of chickpea, and 900 tons of corn offered by local suppliers on Tuesday trading. According to…

Iran is planning to implement projects aimed at mapping and exploring deep-sea mineral deposits in international waters, deputy head of the Geological Survey of Iran (GSI), Behrouz Borna announced…

A report by the Statistical Center of Iran indicates that the number of operational mines in the country increased by 2.4% in the outgoing Iranian calendar year (ends March 20) compared to the…

Major copper companies produced more than 728,600 metric tons of copper concentrate during the past 11 months of the outgoing Iranian calendar year (to end March 20), IRNA cited a report by the…

With the real estate transactions on the rise, analysts are divided on how this might impact housing prices in the upcoming Iranian year, which starts on March 21.

The national, and more…

Refineries’ comeback at the Tehran Stock Exchange (TSE) dramatically weighed on the benchmark at Tuesday’s close, pushing the overall index to nosedive to a new record low.

After almost a…

Germany’s former environment minister Klaus Topfer  in a meeting with the governor of East Azerbaijan Province Ismael Jabbarzadeh on Monday said, “The time for talking has passed, it is time…

Nearly $6 billion worth of commodity have been traded via border areas of the northwestern Kurdistan Province during the past 11 months of the current year (to end March 20), Mehr news agency…

Nearly 118 metric tons of saffron has been exported from the city of Mashhad during the past 11 months of the current year ( ends March 20), which indicates an increase of about 27% compared with…

When I was a kid, I often wondered where money came from and why didn’t everyone have enough of it to buy all the chocolate and ice cream in the world (or even better, build a chocolate house!). I…

The number of government employees has reduced by 68,201 or 3 percent within the past 18 months since the new administration, led by president Hasssan Rouhani assumed office, public relations…

Iran's economy grew by 3.6% in the first nine months of the current year (ending March 20) compared with the similar period last year, according to the latest statistics released by the Central…

Many Iranians living in the United States, who are nationals of the Islamic Republic, are selling their US assets to increase the supply of US dollars inside Iran and help stimulate their country’…

A new report has highlighted the shifting trends in consumers’ habits in the Iranian electronics market.

The February report of Business Monitor International expects the consumer…