Economy

Ever since the Rouhani administration took office, it has been promising to reduce the inflation rate and establish fiscal discipline. The achievement of these goals requires two steps; first,…

While Iran’s trade balance with the United States is negative, commodities like raisins, carpets, and saffron are exported to the US and, on the other hand, medical supplements, bovine semen,…

About 11 million metric tons of various commodities were transported through the borders in the first ten months of the current Iranian year (ending on March 20), indicating a 9.5% increase…

Tehran-Isfahan express railway will be tracklaid in the near future, Abbas Akhoundi, the minister of roads and urban development said in a news conference on Monday. Traveling at 300 kilometers…

Deputy Minister of Cooperatives, Labor and Social Welfare, Hamid Kalantari, said on Monday that nearly 3,360 cooperatives were established during the first ten months of the current year, adding…

The Tehran Municipality says it will offer loans with no interest to buyers of electric motorcycles, IRNA reported. The City Bank, which is affiliated with the municipality, has announced that it…

A s the global steel market is projecting slower growth amid lower demand for the metal, the manager of a private Iranian steel company believes the manufactures should diversify their products to…

Lingering ambiguities at the Tehran Stock Exchange (TSE) pushed stocks to fluctuate during Sunday’s trading, with the benchmark limping to end flat.

After the TEDPIX’s rally on Saturday,…

The deputy head of Iran Mine House has slammed the recent decision by the parliament’s Integration Committee which requires all mines across the country to pay royalties in the coming Iranian…

The Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) has endorsed the participation of a South Korean company in new steel projects in the southern ports of the…

Fifteen new banks are likely to join Iran’s financial system in the next three years, said EN (Eghtesad Novin) Bank CEO Hassan Motamedi on Sunday.

Currently 30 banks are operating in Iran,…

A parliamentarian has criticized the Central Bank of Iran for having failed to restrain illegal banking activities in the past years.

To prepare the grounds for new recruits, Central Bank Governor Valiollah Seif has recently decided to usher out banking executives with the bank whose end of service terms has long been overdue.…

An Iranian technology company has  told Financial Tribune that it successfully won a place at Seed Stars World competition in Geneva, Switzerland on February 4 to highlight their augmented…

The spokesman of the parliament’s economics committee on Sunday warned commercial banks against any involvement in money laundering scams.

“Commercial lenders must think beyond merely…

Farmers can receive loans of up to 200 million rials ($7,200 at official exchange rate) within 48 hours of filing their loan request in branches of Bank Keshavarzi (Agriculture Bank), said the…

Ninety percent of clothes sold in the name of foreign brands in the market are counterfeit, Mohammad Mehdi Ra’ees-Zadeh, the secretary of Association of Iran Textile Industries (AITI), said on…

National resources are being utilized to make up for the shortcomings in the transportation sector, said the minister of roads and urban development, Abbas Akhoundi on Saturday,  pointing…

Iraq is planning to import quality medicines from Iran, Head of Iran’s Food and Drug Organization Rasoul Dinarvand said on Sunday. “The Iranian and Iraqi health ministries have signed a memorandum…

Iran earned 637,810 billion rials (about 23.2 billion dollars based on official exchange rate), in non-oil revenues as well as 510,000 billion rials (18.5 billion dollars) in oil revenues during…

Latest data show that trade turnover between Iran and Turkey decreased by 6% in the year 2014, compared to the preceding year.

Minister of Cooperatives, Labor and Social Welfare Ali Rabiei and head of Cultural Heritage, Handicrafts and Tourism Organization (ICHHTO), Masoud Soltanifar, signed a memorandum of…

Head of the National Tax Administration, Ali Asgari says the government should increase the efficiency of tax collection services and add more transparency to the capital and commodity markets in…

The Competition Committee has been tasked with setting prices for imported cars, ISNA reported on Saturday.

The decision was made by the ministry of industry, mine, and trade in line with…

Initial Public Offerings of government-owned companies were worth more than 38 trillion rials ($1.1 billion) within the past 10 months, SENA reported. Close to 38.048 trillion rials ($1 billion)…