Leading European and Japanese companies are back to negotiate purchasing Iran’s petrochemicals as western sanctions over Tehran’s nuclear program are loosening, Mahdi Sharifi, managing director 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>
The National Iranian Copper Company offered 4,000 tons of copper cathodes priced at 209,861 rials ($7.89) per kilogram at Iran Mercantile Exchange (IME) on Sunday. The company also offered 3,500…
South-east Asia’s economy is set to overtake Japan’s by 2025, according to new projections from Singapore’s United Overseas Bank (UOB).
A trade expert in the petrochemical industry has named three main challenges businesses in Iran’s petrochemical sector face when doing trade, these include: hurdles in transferring money abroad,…
The rial on the first working day of the week (Saturday) lost slightly more than 1% of its value against the US dollar, as the latest round of nuclear talks between Iran and the P5+1 group came to…
A European Union court has ruled western sanctions against Iran’s Bank Sina to be illegal, according to the Bank’s CEO. Although the EU High Court ruled in favor of the bank, the company’s head…
The Swiss Foreign Minister has been quoted as saying his country would likely boost trade transaction with the Islamic Republic of Iran if the sanctions against the country are lifted. …
In a visit to Hormozgan Province, African diplomats named Iran as “the best and the most reliable route to transit grains from Central Asia to East Africa”, IRNA reported on Friday.
In our Saturday issue (Sept. 27, No. 18) we carried a piece ‘Gov’t Economic Roadmap - Will it Help End the Recession’. This is a follow-up to that article.
The National Water and Wastewater Engineering Co. in cooperation with the Energy Ministry is preparing to exclude potable water from non-potable water across the country, news reports said. A…
Iran Mercantile Exchange has allowed the trade of scrap metals after officially registering scrap from Iran Railways Company.
Iran annually produces 2 million tons of scrap metal, while…
Stocks slipped on the week’s first trading day as the TSE’s gauge shifted its 8 days ongoing consecutive uptrend to a downward trend.
The Price Earning (P/E) ratio in the stock market has dropped to a historic low at 5.43, prompting investors to snap up the opportunity and shore up their portfolios, an analyst said.
The government has said it plans to place 400,000 electric motorcycles and 140,000 hybrid taxi cabs on the market as part of a plan backed by the oil ministry to help protect the environment, said…
In a meeting this week in Putrajaya, the Malaysian de facto capital, the Iranian deputy-minister of welfare, labor and cooperatives agreed with Malaysian officials to expand bilateral…
The recent news from the Central Bank of Iran to oblige charging of transaction fees from 1,000 to 1,500 rials per transaction (pending Money and Credit Council final approval) on ‘Point-of-…
Iranian insurers have proved that they can thrive, or at least survive, with limited access to the global reinsurance markets, according to the report released by Business Monitor International on…
The average capital increase of all listed firms on the Tehran Stock Exchange is close to 100 percent, SENA reported. The entire licenses were offered to increase the capital in the first six…
Some 338,000 tons of commodities worth over 6.6 trillion rials ($2.48 billion) were traded at Iran Mercantile Exchange during the week ending September 25. In the industrial and mineral products…
Despite the cessation of steel imports, prices have not changed in the domestic market as there is little desire for an increase in purchases.
The Securities and Exchange Organization plans to set up a futures exchange for trading of foreign currencies, director of SEO’s supervisory office said.
Over 760 exhibitors, including 250 companies from at least 15 countries, including, Italy, Germany, Russia, Austria, Korea, China and Taiwan, are showing off their latest plastic-related products…
Lately, the equity market has been demonstrating volatility, pushing the market mostly into red, but the Tehran Stock Exchange main index (TEDPIX) has stood in green territory for eight…
It can be said with a degree of fairness that curbing the disturbing rate of inflation is among the major achievements of the Rouhani administration after it took over the reins of power in the…
Those who have gone through official employment process will be employed by the government as of the next Iranian calendar year (to start March 21), said the Head of Management and Planning…
