According to the latest statistics released by Iran’s Customs Administration (ICA), the non-oil exports reached $46.30 billion in the first 11 months of the current year (to end March 20), indicating a 22% increase compared with the similar period last year, head of Iran’s Trade Promotion Organization (TPO), Valliollah Afkhamirad said on Sunday. “Considering the […]

Middle Eastern and North African states are expected to invest $755 billion in energy projects over the next five years despite the recent plunge in oil prices, AFP reported.The Arab Petroleum Investments Corporation (APICORP) said its projection for the 2015-19 period was only slightly down on the $760 billion that it forecast for 2014-18, although […]

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 […]