The Chadormalu mining and industrial company has launched two steel projects in order to complete its steel manufacturing chain, Fooladnews reported. The industrial steel plan will be inaugurated…
Economy
Iran economy news, Get the latest news about Iran economy, trade, growth prediction, agriculture, transport, aviation, infrastructural developments and investment opportunities.
In its latest move to stabilize steel prices, the Securities and Exchange Organization (SEO) has announced that the base price for steel products would be set as per the average prices by the end…
Online businesses and startups are bubbling up in Iran, with the young tech-savvy generation discovering and creating new platforms to get together and share ideas for profitable internet-based…
The uncertain direction at Tehran Stock Exchange (TSE) in the week that ended Feb 19, was accompanied by further plummets and the TEDPIX’s new record low during the past 16 months.
More than 702,000 tons of commodities, worth about 9.3 trillion rials were traded at the spot market of the Iran Mercantile Exchange (IME) in the week that ended February 19, to record a dramatic…
Ali Asghar Mounesan, managing director of Kish Free Zone Organization, was awarded during a ceremony Wednesday a national medal of honor for contributions to the ‘resistance economy’ through his…
Police investigations in Isfahan lead to a crackdown on an insurance scam gang. The breakthrough came about after a car accident was called in and the chief suspect involved failed to deliver a…
In Iran there has been a culture among families to create small funds to meet members’ demand for financial support. People create the family funds without requiring paying any, or in some cases…
For a long time now different types of insurance schemes, including third-party liability insurance, collision coverage, fire insurance, complementary health insurance, and life insurance have…
Deutsche Boerse expects a decision soon in a US legal battle involving its Clearstream subsidiary and had set aside 4.5 million euros ($5.13 million) in legal provisions at end-2014 in…
MCI Iran (Hamre-e-Aval) has announced a proposal to increase broadband speeds within Iran. The draft proposal was presented at a ceremony in Tehran’s Milad Tower complex on Thursday, according to…
An official at the Geological Survey of Iran says pollution in zinc, lead, and gold mines is higher than that in other mines, calling for protective measures to be taken by the Department of…
Due to lack of sufficient government support for domestic lead and zinc sectors, Iranian investors now prefer to invest in countries such as Turkey, said a member of the Iranian Lead and Zinc…
Suffering from financial instability due to western sanctions, tumbling oil prices, and unsettled investors’ trade approach, the Tehran Stock Exchange (TSE)’s benchmark has dropped 14,175 points…
More than 420,000 metric tons of various commodities were offered at the Iran Mercantile Exchange (IME) on Wednesday, reported the IME’s Public Relations and Foreign Affairs Office.
On the…
As the government has recently increased taxes on automobiles, manufacturers have been left with no choice but to raise prices to compensate their loss, deputy minister of industry, mine, and…
Automated Teller Machine or ATM has entered its third decade of presence in Iran. Bank Sepah, the very first Iranian bank, was the first to introduce the machine in 1992 by installing it in its…
Judiciary Chief Ayatollah Sadeq Larijani has criticized the banking system for providing loans without receiving sufficient or valid collaterals, IRNA reported. The judiciary will soon…
Lawmakers have made a decision that would allow the Central Bank of Iran to resume printing and distributing 'Iran Checks', urging the bank to adhere to the limits set by the Money and Credit…
Tehran’s largest technology mall called Charsou meaning four-ways has opened as the Iranian New Year is approaching. The mall primarily selling technology items and home appliances has touted…
Despite a meaningful decline in inflation in recent months, commercial banks still resist to cut interest rates on deposits and loans. The maximum rate lenders offer on deposits stands at 22…
About 100 metric tons of saffron worth $201 million was exported in the first ten months of the current year (March 21-January 20), Mahmoud Bazari, an official at the Trade Promotion Organization…
The administration has allocated 1,800 billion rials ($65.1 million at official exchange rate) to the development of rural areas Abolfazl Razavi, an official with first vice presidency’s rural…
The 2nd edition of the International Exhibition of Poultry, Livestock, Fishery and Related Industries opened on the southern Persian Gulf island of Kish on Wednesday.
Baghdad has welcomed Tehran’s proposal for establishing industrial towns and an auto manufacturing company in Iraq to produce cars under the banner of Iraqi brands, ISNA reported.
