Economy

Close to 200,000 tons of granulated iron ore, with the base price of $15 per ton, were offered by Sangan Iron Ore Complex on Iran Mercantile Exchange's (IME) export trading floor on Wednesday, IME…

Breakfast cereals are many people's choice as the first meal of the day. It is eaten hot or cold, usually mixed with milk and sometimes yogurt or fruit. Apart from satisfying the…

According to the ministry of industry, mine and trade, Iran Alumina Company – as the sole producer of alumina in the country – plans to accelerate its exploration operations to discover new…

The prospect of Iran’s capital market liberalization and integration into global financial markets in the post-sanctions era was reviewed by Islamic finance  specialist, Hassan Daher in a…

A new private sector facility to produce oxidized bitumen was inaugurated by Minister of Cooperatives, Labor and Social Welfare, Ali Rabiei, in the southwestern city of Abadan which will increase…

The private sector invested an estimated 12 trillion rials (close to $428 million based on official exchange rate) for the development of the southern port of Shahid Rajaei Port during the past…

Close to $2.4 billion worth of various commodities were exported to Afghanistan during the past Iranian year (ended March 20), managing director of Export Guarantee Fund of Iran (EGFI), Taher Shah…

The 6th international conference on Heating, Ventilating and Air Conditioning ended in Tehran on Wednesday, IRNA reported. More than 500 participants, including experts, researchers, engineers and…

While Germany traditionally used to be Iran’s major trade partner, it is now overtaken by rivals from other countries, IRNA quoted German Ambassador in Tehran, Michael Freiherr von Ungern-…

The construction sector is the most economical employment generator in Iran, accounting for 12% of the existing jobs, head of Iran Chamber of Cooperatives (ICC), Bahman Jalali said at the opening…

Rail freight transport between Iran and Turkey increased by 63% during the past Iranian calendar year (ended March 20) compared with a year earlier, head of Azerbaijan Railway Headquarter,…

Iran Khodro Industrial Group (IKCO) is considering a production line in Oman, targeting a market that stretches deep into West and North Africa, CEO Hashem Yekehzare said to IRNA on Tuesday.

Tehran is to host the first international symposium of new technologies in transportation, especially hybrid and electric cars on June 3-4, Mehr News Agency reported on Wednesday.

Secretary of the Iran Vehicle Manufacturers Association has rejected the allegation that they are in heavy debt to auto part makers, saying the claim is "baseless." Ahmad Nematbakhsh slammed the…

Hossein Abdoh Tabrizi, former secretary-general of the Securities and Exchange Organization, said many banks are window dressing their financial statements and have reported false earnings during…

A two-day conference to discuss monetary and exchange rate policies will take place from May 31 until June 1 in Tehran. Farhad Nili, the head of Money and Credit Council, said the 25th annual…

T he nuisance value of unauthorized institutions is prompting monetary officials, who seem bent on organizing them, to keep the heat on the illegal firms.

Peyman Ghorbani, vice governor of…

After two years of shady operations, the Capital Market Development Mutual Fund’s (CMDMF) website has started its test run in a bid to change its image, the chief executive of Iran Financial…

A central bank official said financial authorities have been on the horns of dilemma as to how to respond to conditions since March last year, when inflation fell considerably but interest rates…

Three major copper mines extracted more than 12 million tons of copper ore during the first month of the current Iranian year, (started March 21), Eghtesad-News reported.

The Iran Mercantile Exchange’s agricultural trading floor played host to close to 5,500 tons of durum wheat, 1,200 tons of white sugar and 645 tons of rice supplied by local farmers as well as 700…

The history of drinking coffee in Iran goes back to the ninth century AD when the Sufis used the drink to help them stay up for overnight rituals. The drink became very popular in Safavid era in…

Unsettled investors keep shrugging off the massive devaluation and the record low Price Earnings, exacerbating recent routs at Tehran Stock Exchange.

A number of Japanese steel companies have shown interest in building steel plants near the port city of Chabahar in Sistan and Baluchestan Province, IRNA reported on Monday.

The requests…

According to head of Industry, Mine, and Trade Organization in East Azarbaijan Province, Hossein Nejati, the crude steel output in the province would increase to 21 million tons from the current 6…