M utual funds will be exempt from all taxes and duties from March 21, the parliament decided, as a means to boost the investment industry.The bill which was ratified by the parliament is part of the new administration’s bid to bolster capital markets.According to the new law, mutual funds that invest in any of Iran’s […]

The Rouhani administration is determined to support domestic and foreign investment, Mohammad Khazaee, head of Foreign Investment Organization of Iran said. He also vowed to increase the section’s transparency and dispel the existing difficulties for foreign investment. Khazaee, who was speaking during the National Conference of Tehran’s Investment Opportunities on Monday, said: “For its development […]

Aras Free Zone has absorbed $300 million in foreign investment thus far through discussions and endorsement activities carried out with the help of Iranian embassies in different countries, announced the CEO of Aras Free Zone, Mohsen Khadem Arab-Baghi on Friday.  “The aim of establishing free zones across the country is to boost economic activities and […]

The value of trade between Iran and the 28 members of the European Union in October has witnessed a 37 percent increase compared to the corresponding period last year, Tasnim news agency reported, quoting new data released by the Eurostat.Trade between Iran and the EU reached 721 million euros in October 2014, while the number […]

Foreign exchange facilities of the Export Development Bank of Iran have gone up by 40 percent in line with Iran’s rising exports as sanctions against the country ease.Around $535 million dollars of loans and letters of credit were paid to clients from March to September 2014, the bank reported. This shows a $153-million-dollar increase from […]

President Hassan Rouhani said on Sunday that curbing inflation is the main target of his administration’s proposed budget for the next fiscal year, starting March 21, 2015. He made the remarks while addressing the parliament on the budget bill he submitted a day after the date (December 6) set by lawmakers back in 2008 as […]

The deputy minister for mines and mineral industries has predicted a 6 percent growth for the mining industry in the second half of the Iranian year (September 23 – March 20). In an interview with Mehr news agency, Mehdi Karbasian said the government has started a plan to develop the industry and therefore the sector […]

The reserves of the National Development Fund of Iran (NDFI) now stands at $70 billion, announced the deputy of the fund on Thursday after a large span of time that no official provided information on the fund. The official, however, underlined that they still need to learn how to allocate the fund’s resources. As the […]

Foreign companies’ presence in the Iranian market has increased up to 50 percent since the Rouhani administration came to power last August, Mohammad Javad Ghanbari, the deputy director of Iran’s International Exhibition Company told reporters in a news conference on Saturday. During the past year, “we signed good contracts with East Asian and European companies […]

Iran’s import registration procedures should be modified to facilitate imports and foreign trade in general, the Deputy Minister of industry, Mine and Trade, Valiollah Afkhamirad, said on Wednesday.“We have listed 5,000 commodities that can be imported without needing to go through the bureaucratic process of import registration certificates,” he said. Entrepreneurs who import these commodities […]