Minister of Industry, Mine, and Trade, Mohammad-Reza Nematzadeh expressed hope on Saturday that Iran would soon be able to export diesel engines to European countries.
Economy
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Crude steel production in Mobarakeh Steel Group exceeded 6.17 million metric tons during the first ten months of the current Iranian year (ending January 20), ILNA reported. The group’s three…
Three steel mills will be set up on the southern coasts of the country, according to the Iranian Mines and Mining Development and Renovation Organization (IMIDRO), Mehr news reported. The three…
Bank Mellat comes to be the first Iranian bank – after Bank Maskan which has been specialized in providing mortgage loans – to allocate a special fund for such a purpose.
A recent decision by the Central Bank of Iran for banning acceptance of checks issued by three banks, including Iran Zamin Bank, was made due to negative balances of the private banks, said Kamal…
The stagnant state of the economy has disrupted company earnings, causing firms to delay paying their debts to commercial banks. So, with non-performing loans continuing to pile up, the banks will…
Banks are suffering losses due to the electronic services they provide as the commissions charged on the services hardly cover 10 percent of the expenses, manager of payment systems of the central…
The US dollar along with a basket of major currencies depreciated against the rial over the first two working days of the Iranian week, with private bueraux de change in Tehran trading the dollar…
With more than 2 million metric tons of chicken meat produced per annum, Iran has become self-sufficient in chicken farming, deputy minister of agricultural Jihad, Hassan Rokni said on the…
Trade between Iran and the Chinese southern province of Guan Dong stood at $15 billion in 2014, Jae-Young Fang Chen, the Chinese deputy governor said in her meeting with Ali-Reza Salarian, the…
Iran and the International Transport Forum (ITF) have singed an MoU to expand bilateral transport ties and improve business environment in this sector, Mehr news agency reported on Sunday.
The first all-concrete runway has been officially inaugurated in Shahid Madani Airport, in the northwestern city of Tabriz, in the presence of the First Vice President Es’haq Jahangiri, ISNA…
The government is determined to complete the Mehr Housing Project by the end of the first half of the upcoming fiscal year (starting March 21), deputy minister of roads and urban development…
Talks are underway between the Iranian and Omani delegates for launching a direct shipping line between the two countries; IRNA reported, citing the Muscat-based daily Al-Zaman.
In today’s global marketplace, effective branding is viewed as a key to success, one that gives the companies a major edge in increasingly competitive markets. Brand is often considered as a…
Iran's handmade carpet industry seems to be losing its once elevated status. Those watching this key sector and issues related to it are voicing concern that if effective action is not taken…
The Iranian Steel Producers Association (ISPA) has urged the minister of industry, mine, and trade to help put an end to the use of official-exchange currency for the import of steel products,…
The housing market in Tehran, unique in Iran because of the amount of capital that flows into it, has been on a bumpy ride for the past two years. It has faced rapid price surges as well as a…
Launching new equity market indices, the Financial Stability Committee's (FSC's) agenda, introducing new financial instruments, the panics surrounding the equity market, online trade at the Iran…
Stocks maintained ground and extended their winning streak at the Tehran Stock Exchange (TSE), with the overall index edging up 0.02 percent at Saturday's close to linger at the 65,000-point mark…
The Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) says the three aluminum manufacturing companies it owns produced more than 293,500 metric tons of ingots…
Car production during the first ten months of the current Iranian year (until January 20) indicate a 61.4% increase compared to the similar period last year, Eghtesadnews reported. Domestic…
The Iranian government is using all avenues to boost the lackluster mining industry, as the country is losing its mining market share due to lack of funding for exploration and exploiting mineral…
F erdowsi Street in central Tehran is Iran’s busiest center for currency trading, both legal and under the counter. During one trading day alone millions of dollars worth of exchanges take place…
The Azadi gold coin tumbled 2.24 percent on Saturday following gold's drop in the international markets on Friday, as US economic data beat expectations, changing the outlook on US interest rates…
