Economy

National Iranian Copper Industries Company (NICIC), World Copper Company (WCC), and Kaveh Copper Industries Company (KCIC) offered different grades of copper at Iran Mercantile Exchange’s spot…

According to the managing director of Eastern Railway, the mineral and industrial sectors in the eastern city of Tabas in South Khorasan Province could enormously benefit from the expansion and…

The Hormozgan Steel Company (HOSCO), out of 170 companies in the Persian Gulf Special Economic Zone, managed to create the highest number of jobs over the past Iranian calendar year which ended…

Minister of Economic Affairs and Finance Ali Tayebnia on Monday said 1,500 trillion rials ($52.6 billion at official exchange rate) in government debt has so far been identified and documented,…

Porsche has announced it is deliberating whether it will give its most iconic model, a 911 plug-in hybrid treatment before the end of the year, CEO Matthias Mueller said in a recent interview with…

Nissan Motor Co. will have vehicles packed with autonomous driving technology by 2020 but whether people will be able to drive them on roads is up to government regulators, Chief Executive Carlos…

While driving on highways in the east and west of Tehran, drivers will likely see men on the side of the road holding cardboard signs offering mechanic services.

Subaru has restarted exports of cars to the Iranian market, according to Skyscrapercity forum on Monday. The so-called authorized dealer, Safe Khodro, has listed all the latest models on its…

The national railway sector requires $25 billion in investment to achieve the development goals outlined in the 2025 Vision Plan, minister of road and urban development, Abbas Akhoundi was quoted…

Reforming the structure of banks and taking toxic assets off their balance sheets cannot be undertaken overnight, but is feasible at a slow pace, a banking manager told Eghtesad News.

Large commercial banks are demanding that the Monetary and Credit Council reconsider its decision to deregulate sight deposit rates, Akhbar Bank news website reported on Sunday.

The juridical committee of the Securities and Exchange Organization (SEO) has approved a plan to design new Islamic securities that would be protected from high inflation, an effective way that…

The second batch of Mazot Futures will be offered in the Iran Energy Exchange before May 21. Amin Investment Bank will handle their sale.

Middle East Bank has improved market transparency, releasing reports on the impact of the recent interest rate cut on its expected earnings in the stock market and on its commission fee.  The…

Mehdiabad Zinc and Lead Complex plans to increase its annual extraction capacity of barite to 400,000 metric tons by the end of the current Iranian calendar year (March 20, 2016), Eghtesad-News…

The ministry of industry, mine, and trade has predicted a growth of between 40% and 50% in mineral reserves in terms of both volume and value, Mehr news reported on Sunday.

Serbia’s oldest manufacturer of tractors, the Industrial Motor Rakovica (IMR), in a meeting with Iranian ambassador to Belgrade, Majid Fahimpour, called on Iranian industrialists to resume ties…

The Iran Mercantile Exchange’s agricultural trading floor played host to 654 tons of rice from Golestan Province, 1,070 tons of the same product from Gilan Province and 81,500 tons of corn from…

Most indices dragged down the Tehran Stock Exchange overall index at Sunday’s close, after enduring risks and ambiguities surrounding the equity market kept slashing expectations about listed…

The Iran Fara Bourse has been ranked as the 4th biggest rental bonds markets in the MENA region, where Turkey, Kazakhstan, and Egypt equity markets took the first, second, and third place…

More than $980 million worth of textile and apparel was exported over the past Iranian calendar year (ended March 20), indicating a 5 percent increase compared to a year before, Mehr news agency…

The vice president of the Iranian Fisheries Organization announced the Iranian farmed caviar price at 1,700 euro per kilogram. The main export destinations are Spain and France, and Russia is…

Iran is ranked as the seventh largest consumer of cosmetics in the world. Iranians’ annual spending on the cosmetics is above $2 billion, accounting for nearly 30% of the $7.2 billion cosmetics…

A study by the parliament’s research center indicates that Iran spends an average of $42 million annually on the import of black fabrics used for chador – a full-body-length semicircle of fabric…

Iran and Turkey stressed the importance of expanding provincial cooperation in a meeting held in Turkey’s south-central Gaziantep Province between Iran’s ambassador to Turkey, Alireza Bigdeli,…