Economy

Iran has been told that the United States will issue export licenses within weeks to facilitate the purchase of Boeing and Airbus jets and European ATR turboprop planes, a senior Iranian official…

The Iranian government believes productivity gains will help meet 2.8% of its 8% annual growth target, the head of the National Productivity Organization of Iran said.

Roya Tabatabaei added…

Tehran Municipality unveiled on Sunday 58 new subway cars built by Tehran Wagon Manufacturing Company. “The manufacture of the wagons cost 2 trillion rials (more than $56 million at market…

The constructions of two iron ore pellet-making plants in Sangan mineral zone with a total production capacity of 10 million tons per year are scheduled to be completed by the end of the current…

Automakers, banks and holdings were the three top trading groups last week on Tehran Stock Exchange, constituting 56% of all transactions.

The traditionally volatile group of automakers and…

Iran Mercantile Exchange witnessed the trading of more than $8.5 billion worth of commodities in the first half of the current Iranian year (started March 20), IME Managing Director Hamed Soltani-…

Tehran Stock Exchange’s main index gained 61.80 points or 0.08% to end Sunday trade at 76,166.7.

More than 611 million shares valued at $97 million changed hands for the day.

Dr.…

Iranian steel mills produced over 7.5 million tons of crude steel during the first five months of the current Iranian year (started March 20), registering a 5.3% increase compared with last year’s…

Taxation will cover 44% of the government’s expenses this year, according to Iran National Tax Administration’s head of Direct Taxation Department.

“We predict tax revenues to reach 870…

An Iranian delegation headed by Iran’s Minister of Communications and Information Technology Mahmoud Vaezi visited Stockholm this week.

Vaezi and representatives of several ICT companies…

As Iran’s webscape continues to expand in different directions, a unique online service has popped up. Called Gandoom.com (meaning wheat in Persian), the new service does exactly what it sounds…

The Iran Aviation Finance Summit organized by the Center for Asia-Pacific Aviation opens at Tehran’s Imam Khomeini International Airport today.

Iranian officials, alongside 150 officials…

The Banking Reform Bill calls, among other things, for creating a supreme board for monitoring the performance of banks, said the director of Association of Banking and Credit Investment…

Negative scores in the record of auto policyholders shall be included in determining auto insurance rates, head of the Central Insurance company of Iran announced this week.

A recent report by the Central Bank of Iran indicates a 9.3% drop in the average lending rates in the interbank market during the previous fiscal year (ended in March). According to the CBI, the…

Banks have no plans to lower interest rates and are lobbying with the regulator to keep the rates steady for now, said the head of the Association of Private Banks on Saturday.

A day after the interest rates of Housing Savings Account were lowered to single figures, a record number of applicants registered with the scheme, says Bank Maskan’s director for planning affairs…

Tehran Stock Exchange’s main index shed 350.50 points or 0.46% to end Saturday trade at 76,104.9.

More than 486 million shares valued at $49.9 million changed hands for the day.

…

More than 70 Armenian companies producing food, medicines, construction materials, light industry products, jewelry, as well as companies offering IT, banking and insurance services will…

Contrary to the great expectations concerning the copper industry’s potentials, mineral exploration initiatives undertaken by the government have so far borne no fruit.

According to the…

Mehdiabad Lead and Zinc Complex produced over 390,000 tons of barite in the five months of the current Iranian year (started March 20), indicating a 34% rise compared with last year’s…

Iran Fara Bourse’s intellectual property market saw its fourth round of trading.

The Iranian Privatization Organization has sold stocks worth 1.69 trillion rials ($47.4 million at market exchange rate) in government-owned companies five and a half months into the current…

The Iranian government supports biotechnology research and efforts to advance transgenic technologies in agriculture, says government spokesman, Mohammad Baqer Nobakht. He also rejected the scare…

More than 42 million tons of goods were loaded and unloaded in the ports of Hormozgan Province in southern Iran during the five months of the current Iranian year (started March 20), registering a…