Iranian steel companies have been making every effort to obtain raw material, lack of which has left no room for steel businesses to concentrate on developing strategies, said general manager of…
Economy
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Iran economy news, Get the latest news about Iran economy, trade, growth prediction, agriculture, transport, aviation, infrastructural developments and investment opportunities.</p>
Iran Khodro (IKCO) has announced it will provide new variations of its popular Tondar (Logan) models in the Iranian market. The deputy director of the Tondar line, Reza Motamed, said IKCO…
Iran’s $200-million decorative stones export per year suggests that the country has not succeeded in seizing the consumption market, said the Iran Mine House group.
The Statistical Center of Iran said the average price for one square meter of land in the north of the capital Tehran is 87,870,000 rials ($2700) while the average in the south is 19,640,000 rials…
Unless a country observes international standards, it cannot achieve development goals, said the minister of communication and information technology on Saturday.
The Export Guarantee Fund of Iran (EGFI) first needs to increase its capital assets to $500 million if it is to finance 10 percent of the costs of the country’s non-oil exports and foreign…
Chabahar Port is nestled on the southeastern edge of Iran facing the Gulf of Oman and just touching the Indian Ocean. It is the most southerly port in the entire country.
The 14th annual exhibition on industries organized by the Industrial Development & Renovation Organization of Iran (IDRO) was held in Tehran International Permanent Fairground on October 6-9.…
Iran is among the top 10 countries worldwide in terms of diversity of orchard products, and plans should be drawn up to fully exploit country’s vast potential, the deputy for Agricultural Jihad…
Three Iranian provinces desperately suffer from water shortage, and development finances provided by the government have not been enough to tackle the problem, the minister of energy, Hamid…
The capabilities of the country’s domestic aviation and space industries were discussed by members of Iran’s Chamber of Commerce, Industries, Mines and aeronautical officials on Saturday, ISNA…
Western sanctions against Iran and Russia over money transfers have made it necessary for the two countries to formulate strategies to exchange commodities through regional treaties such as those…
Tea production in the northern coastal provinces of Gilan and Mazandaran has dropped 40 percent on a year-to-year basis as rainfall has diminished and overall temperatures have risen, the head of…
The deputy minister for industry, mine, and trade said development organizations are required to invest in manufacturing sector in underdeveloped regions across the country, reported Tasnim news…
A lawmaker said the country faces some 3,000 unfinished development projects. According to Alireza Khosravi, the government has decided to conclude 300 of projects with at least 80% of…
Years of drought and the lack of proper sanitation methods and an integrated wastewater treatment system have constrained access to clean water across Iran. Officials have only recently started to…
Iran is estimated to achieve modest economic growth in 2014, according to a new report released by the World Bank.
The Global Economic Prospects Report, which is the World Bank’s flagship…
The biggest event for the country’s telecommunication sector in 2014, according to market players, has been that the monopoly in providing high-tech mobile services ended.
Gold market in Iran followed the global trend in the past week (Oct. 4-10) seeing major fluctuations.
The full gold coin of Bahar Azadi was sold at 9,280,000 rials on Monday, hitting the…
The cooperation between the Supreme Council of Cyberspace and the Ministry of Information and Communication Technology (ICT) has finally yielded results with the launch of the…
The governor of the Central Bank of Iran, Valiollah Seif, is heading a high level delegation consisting of the deputy governor, director general of economic affairs, and the director of foreign…
President Hassan Rouhani’s government has prepared the ground for foreign investors to enter the mine sector by providing incentives and creating the necessary infrastructures, said Mohammad…
The Organization of Spectacles Distributors and Manufacturers in Tehran said that the four domestic producers of eyeglasses lenses only produce between 200,000 and 300,000 lenses annually. On the…
The bulk of Iranian dates were exported to European and American markets in the period 2001-2006, this has now shifted to Asia upon the enforcement of international sanctions against Iran,…
More than 392,000 tons of commodities were offered on the sport market of the Iran Mercantile Exchange valued at $278 million during the week ending Oct. 9, the IME’s international affairs and…
