Establishing a supervisory body within the Central Bank of Iran is a significant aspect of the new banking reform bill, says the head of the Majlis Economic Commission. Mohammad Reza Pour…
A system proposed by the European Union to facilitate non-dollar trade with Iran and sidestep US sanctions will cover a range of goods and transactions rather than having a limited scope, a…
Iran Consumer and Producer Protection Organization (CPPO) and local automotive companies have reached an agreement to jack up factory prices between 50-130%.
Frost has inflicted losses amounting to 11 trillion rials ($107 million) on Tehran Province’s agriculture sector during the first eight months of the current Iranian year (March 21-Nov. 21).…
Central bank data show that total liquidity was 16.93 quadrillion rials ($166.06 billion) on October 22 -- 20.7% higher compared to the same month last year. It also reported a 10.7% rise…
Tehran stocks retreated for the third consecutive day on Monday as base metal and steel shares came under further pressure and the rial strengthened.
Iran’s budget deficit came in bigger than expected in the first seven months of the current fiscal year (March 21-Oct. 22) to reach 391.4 trillion rials ($3.83 billion), the latest data released…
According to a new report published recently by the Statistical Center of Iran on the occasion of ‘Research Day’ in Iran (Dec. 16), 83,637 research and development projects were conducted during…
A joint meeting for surveying commercial opportunities between Iran and Basra was held in the southern Iraqi province on Sunday and Monday in the presence of Iranian Ambassador to Iraq Iraj…
Trade between Iran and the 28 member states of the European Union during January-October amounted to €16.58 billion, which shows a 6.66% rise compared with the similar period of last year.
The cost of producing renewable energy in Iran, similar to many other parts in the world, has declined 2.5 times in two years, deputy energy minister, Seyed Muhammad Sadeqzadeh, said Sunday.…
The Persian Gulf Petrochemical Industries Company is undertaking nine petrochemical projects worth $8.5 billion, the company’s managing director said. "When completed in 2021, PGPIC output,…
The number of electricity meters nationwide has reached 35.5 million with 3.5 million new consumers having joined the national grid since 2015. According to ISNA, household, agriculture,…
The number of new oil and gas projects will rise five-fold next year from a 2015 trough but overall spending is still unlikely to be enough to meet future demand, consultancy Wood Mackenzie said…
No 1209
The 2015 nuclear deal has contributed substantially to preserving Iran’s national security, particularly by shielding it from a possible UN-authorized military intervention, a former diplomat…
Iran needs to set a timeframe for the European Union to enact its measures aimed at protecting Iran against the United States’ sanctions so as to avoid being left in limbo for a long time, a…
Iran's steel industry has always played a significant role in global, regional and national economies, brining high revenues for countries and helping build strong economies with…
Future contracts were officially launched for the first time on Sunday in the Tehran Stock Exchange on seven tickers. The equity futures were unveiled during a ceremony, attended by…
The new minister of economy and finance Sunday was surrounded by a weary business community as he addressed board members of the Iran Chamber of Commerce, Industries Mines and Agriculture.
Tehran Stock Exchange tumbled into correction territory Sunday as an unimpressive economic picture sparked a retreat by investors and traders hesitant to enter the week with big bets as in the…
A total of 4,704,509 Iranians left the country for foreign destinations during the first seven months of the current Iranian year (March 21-Oct. 22), indicating an 11% decline compared with the…
The Third International Exhibition of Transportation and Related Industries opened in Tehran on Sunday in the presence of Roads and Urban Development Minister Mohammad Eslami.
As per regulations announced by the High Council of Cyberspace on Saturday, a National Information Exchange (NIX) system will be established to help facilitate automated and digital information…
Mashhad Smart City Exhibition will be held by the yearend in the shrine city of Mashhad in northeastern Khorasan Razavi Province. During the event, Mashhad’s e-wallet will be unveiled. The…
