Iran is planning to rejoin the global financial markets and establish correspondent banks in Europe, promoting mutual gains for both sides, said governor of the central Bank of Iran on Thursday.…
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The governor of Iran’s northern Gilan Province, Mohammad Ali Najafi, met with Azerbaijan’s Minister of Economic Development Shahin Mustafayev in Baku on Wednesday.
EconomyIran and India signed a memorandum of understanding to expand bilateral economic ties. The MoU was signed in a meeting between India’s Commerce Secretary Rita Teaotia and Iran’s deputy minister of…
EconomyExports from Khorasan Razavi Province stood at around 87,835 tons worth $79.768 million in the seven-month period ending October 22, according to the province’s Industries, Mining and Trade…
EconomyWhy do economic policies have adverse effects? This question has engaged the minds of almost all concerned people over many years.
A constructive answer should convince free market…
EconomyRevival of joint chambers of commerce is vital to introduce potential areas of cooperation to Iranian and Pakistani traders, says Pakistan’s Ambassador to Iran Noor Muhammad Jadmani.
EconomyA Georgian delegation unveiled plans to invest $15 million in four mineral exploration projects in the northwestern Iranian province of East Azarbaijan next year.
EconomyAbout 100 of Russia’s newest aircraft could be in service in Iran, according to Russian Deputy Prime Minister Dmitry Rogozin.
EconomyIn response to the current slump in economic activity, the government has embarked on subsidizing consumption of durable goods and cars, along with easing monetary policy, by cutting bank reserve…
EconomyIt was Swiss watchmaking legend Jean-Claude Biver who said in 2014 that the Apple Watch (and smartwatches more broadly) “wouldn’t create another crisis for the Swiss watch industry”.
EconomyTelegram said it had shut down 78 channels in 12 languages that had links to Islamic State terrorist group this week and improved ways for users to report illegal or objectionable activity on the…
EconomyIran’s information technology services market suffered a major setback due to the imposition of economic sanctions on the country a few years back.
Basic IT services such as instant…
EconomyAn Iranian scientist Mehdi Balali-Mood has won the Organization for the Prohibition of Chemical Weapons (OPCW) Hague Award. Balali-Mood has dedicated himself to treating victims of chemical…
EconomyIran's economy has the potential to grow by around 8% a year over time, once sanctions are lifted and the country repairs its relations with the international community, central bank governor…
EconomyA report by the Institution for Management and Planning Studies (IMPS) says the tight money market and slack demand are major challenges the economy is facing in the current calendar year (ends…
EconomyCustomers have deposited 4.2 trillion rials ($ 140.5 million) in Bank Maskan’s special Housing Savings Account created for first-time home buyers, Mohammad Hasan Moradi, director of the bank’s…
EconomyImposed interest rates oblivious to the economic realities gives uncertified credit institutions an undue advantage over their law-abiding counterparts, said Mohsen Jalalpour, head of Iran Chamber…
EconomyHousing prices are not expected to rise in the second half of the current Iranian year (started March 21) said Hesam Oqbaei, head of Tehran Association of Realtors, IRNA reported.
EconomyAlthough the prospect of sanctions removal in early 2016 has recently created interest in Iran’s investment opportunities, close economic and political ties between Iran and Oman have embarked on…
EconomyThe prospective lifting of western sanctions against the Islamic Republic in exchange for curbs on its nuclear program, in addition to Iran's vast potential for industrial investment, have drawn…
EconomyIran Mercantile Exchange’s industrial and mining trading board saw 1,260 tons of alloy ingots and 200 tons of billets supplied by Iran Aluminum Company on Wednesday. Moreover, 8,910 tons of rebars…
EconomyOlive production is expected to increase to 100,000 tons in the current Iranian year (started March 21) from last year’s 95,000 tons, said the Agricultural Jihad Ministry’s Olive Project’s…
EconomyAccording to the latest figures released by the Statistical Center of Iran, the unemployment rate in the second quarter of the current Iranian year (June 22-September 22) stood at 10.9%. …
EconomyA preferential trade agreement between Iran and India should be high on the agenda of the two countries’ joint commission, the next session of which is due to be held in India on December 20, says…
EconomyMajlis Economic Commission has approved the bill on the establishment of Incheh-Borun Free Trade Zone, announced the governor of Golestan Province, Hassan Sadeqlou. Incheh-Borun is located near…
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