Economy

Central Bank Governor Valiollah Seif highlighted Iran’s economic achievements in the year to March 20, 2014 (last fiscal year) at a meeting with Christine Lagarde, managing director of the…

Iran’s gold market could remain stable in the coming days though political developments in the region could directly impact the global market of gold, said an expert in Tehran.

Mohammad…

The majority of imported tires can be domestically manufactured but are only welcome in the market due to their competitive prices, said an official at the Tire Industry Association of Iran,…

Processing gypsum and using modern technologies to produce such valuable mineral would generate great profits for the country and especially the northern Semnan Province, which is the supplier of…

The Iran Mercantile Exchange (IME)’s oil and petrochemical trading floor featured 54 grades of various polymers offered by local petrochemical complexes on Tuesday trading.

The TSE’s benchmark failed to get back on track and retreated again at Tuesday close, with all indices settling in red territory.

Three representatives from the Chinese state-owned company MCC have arrived in Tehran for talks on injecting €1.8 billion to finance seven national steel projects by May 21, Fooladnews quoted…

Iran produced 518,000 square meters of medium-density fiberboard (MDF) during the last Iranian calendar year (ended March 20), indicating 21% growth compared with the preceding year, announced an…

Increasing non-oil exports is among the government’s top priorities during the current Iranian year (started March 21), First Vice-President Es’haq Jahangiri said on Monday, calling on all…

Work on a railway project that connects the cities of Boroujerd, Doroud and Khoramabad in the western Lorestan Province began on Monday, as reported by Mehr news agency.

Member of Iran’s Council of Saffron Ali Hosseini has warned about the growing trend of smuggling the bulbs of saffron plant into neighboring Afghanistan; saying if the trend continues…

Iran’s pharmaceutical exports reached a record high in the Iranian calendar year 1393 (ended March 21), with $200 million worth of medicine exported to 30 countries, head of Iran’s Food …

Iran and Turkey are working to expand their recently signed Preferential Tariff Agreement (PTA) to include more items in the list of commodities traded at preferential tariff rates, head of Iran’s…

A trade delegation from Switzerland, headed by former Swiss ambassador to Tehran Livia Leu, is scheduled to visit Tehran in the coming days to scope out business opportunities in Iran, IRNA…

The equity market’s systemic risks, and investors’ dented sentiment kept dragging down the Tehran Stock Exchange (TSE)’s overall index at Monday close.

A tentative nuclear deal between Iran…

Esfahan Steel Company (ESC) produced a record high of 2.7 million metric tons of crude steel during the past Iranian calendar year (ended March 20), indicating 20% growth compared to the previous…

Next year, the Iran Mercantile Exchange (IME) will be celebrating its decennial. The bourse has quickly turned itself into the largest commodity exchange in the Middle East in terms of volume.

Around 102,000 tons of various commodities were supplied in the Iran Mercantile Exchange (IME)’s spot market on Monday. According to IME public relations, more than 18,900 tons of chickpea, 10,370…

If the ruble’s value stabilizes, a plan for bypassing the US dollar and euro in Iran-Russia trade could take effect in the current fiscal year (which started March 21), said Mohammad Hossein…

The dollar rose in Tehran on Monday as equities fell to a two-week low.

The greenback gained 0.45 percent and changed hands at 33,390 rials by 11:33 GMT in Ferdowsi Street – heart of…

No Swiss delegations have visited Iran over the past eight years, but at least six of them are set to explore the Iranian economic and political atmosphere by the end of June, a Swiss diplomat…

Agriculture received its lowest share of financing in the last four years, despite a 44 percent growth in lending during the previous fiscal year (ended March 20). The agriculture sector received…

Between five and seven thousand metric tons of olive oil is smuggled into the country annually, Mehr news agency quoted Nader Jalallat, a member of Iranian Olive Council as saying on Sunday.

Georgia has expressed willingness to launch a “joint economic committee” with Iran, according to Ali Mohammadi, the Iranian consul general in Georgia’s seaside city of Batumi. “The Georgians seek…

Foreign investment in the Arvand Free Trade Zone (AFTZ) located in the western Khuzestan Province reached $108 million in the past Iranian calendar year (ended March 20), which indicates a 14…