Business And Markets

About 476,000 tons of red meat was produced in official slaughterhouses across the country during the past fiscal year (ended in March), which indicates a 12% rise compared to the year before,…

Tehran Stock Exchange’s main index shed 376.30 points or 0.48% to end Monday trade at 77,828.8.

More than 1 billion shares valued at $54.5 million changed hands for the day.

Iran…

Iran has announced several projects to expand the local gas transportation network, lending support to local pipe producers.

The subsidiaries of National Iranian Copper Industries Company, including Sarcheshmeh, Sungun and Miduk copper mining companies, produced an aggregate of more than 371,360 tons of copper…

Foreign exchange rates will be based on marketmechanisms, said the vice governor of the Central Bank of Iran on Sunday.

"When we move toward market forces, forex rates will also be based on…

One year after Iran's historic deal with major global powers, a vigorous debate has surfaced over whether the country has benefited from the accord based on what it was promised.

Export Development Bank of Iran will soon launch an online market place to exhibit Iranian exportable goods in 20 languages.Saied Mostashar, managing director of EDBI Holdings, said his bank…

Small- and medium-sized enterprises will receive 16 trillion rials ($515.3 million) worth of loans by the time the current fiscal year ends on March 20, said the head of the Monetary and Banking…

About 70% of Iran’s 4-million-ton steel pipe manufacturing capacity is unutilized due to weak domestic demand, according to member of the Syndicate of Steel Pipe and Profile Manufacturers Hadi…

Higher tax revenues have always been a dream for the government. Though it is not smoothing shared by all in high places. Easy oil money meant that tax revenues were never really needed. So,…

Minister of Industries, Mining and Trade Mohammadreza Nematzadeh has called for the use of concrete instead of structural steel in building construction with the dual aim of boosting the structure…

According to figures released by the Anti-Smuggling Organization, apparel tops the list of goods smuggled into Iran. The Islamic Republic of Iran Customs Administration says imports of clothes…

If the government uses its declared plan to unify foreign exchange rates to plug its budget deficit, it would counteract its disinflationary policies, said the chairman of Majlis Economic…

The Central Insurance of Iran has called on insurance companies to provide the latest data about the performance of their agents on their websites, in line with plans to enhance transparency in…

The government has been holding talks with banks to help pull the housing sector out of recession, since “stagnation in the housing sector is not acceptable, not even in the short run”, said the…

Bahar-e Azadi gold coin lost 90,000 rials of its value in Tehran’s market on Saturday, marking a 0.81% drop compared with the previous day’s close. The benchmark gold coin sold for 11.09 million…

South Korea’s POSCO is expected to complete by next month a feasibility study for the construction of a steel plant in Iran.

The company signed a memorandum of understanding aimed at…

As Iraq has reduced its imports from other countries due to the steep decline in international oil prices, costs of the bloody war with IS terrorists and the subsequent budget deficit, Iranian…

Tehran Stock Exchange’s main index inched up by 28.30 points or 0.04% to end Saturday trade at 78,218.8.

More than 1.1 billion shares valued at $66.3 million changed hands for the day.

First Vice President Es’haq Jahangiri says downsizing the government and improving productivity have always been incorporated into development plans. “But, unfortunately, what happened was that…

Egypt and Turkey led a slump in Middle East gold demand in the second quarter, with only Iran showing gains in the region’s investment and jewelry consumption. Middle East jewelry demand declined…

The World Packaging Organization has set up the Iranian Institute of Packaging (IRIP) with the aim of providing Iran with packaging education by holding workshops in Tehran as of next August,…

The first phase of a major freeway project connecting south of Tehran to the capital’s western flank is scheduled to be completed by the end of the current fiscal year (March 2017), the Minister…

Iran exported more than 2,100 tons of non-oil goods worth $7.9 million to France during the first four months of the current Iranian year (March 20-July 21), which shows a 46% increase compared to…

Iran is expected to witness significant expansion in its pelletizing capacity in the coming years as local steel mills strive to balance their existing production chains, feed new DRI (direct…