Cement factories will resume production of clinker as of February 13, ILNA cited the secretary of Iran’s Cement Industry Employers Association as saying on Saturday.
Economy
Iran economy news, Get the latest news about Iran economy, trade, growth prediction, agriculture, transport, aviation, infrastructural developments and investment opportunities.
Tehran Stock Exchange (TSE)’s losing Streak continued on Saturday to drag down the TEDPIX to 16-month record low; however Persian Gulf Petrochemical Industry Company (PGPIC)’s creation units…
The government needs to shift its focus from macroeconomic policy to narrower approaches in order to help shore up the troubled manufacturing sector, Persian economic daily Forsat Emrooz cited…
The preferential tariff agreement (PTA) signed between Iran and Turkey is unbalanced and is more in favor of Turkish companies than Iranian enterprises, Hamidreza Qaznavi, spokesman of ‘Iran…
Tehran and Baghdad have increased trade to $12 billion in recent years, head of Tehran’s Chamber of Commerce, Mines, Industries and Trade Yahya Al-Es’haq announced on Friday.
The housing market is gradually stepping out of recession, deputy minister of roads and urban development Hamed Mazaherian, told ISNA yesterday. Transactions in the housing market are…
Consumer prices in urban areas stood at 16.3 percent in the 12 months ending on January 20 (marking the end of the Iranian month of Dey), according to the Central Bank of Iran (CBI).
Iran will launch an exclusive trade and industrial fair on February 25-26 in Turkmenistan, Hassan Mortaja, the exhibition organizer told IRNA yesterday. Turkmenistan is the only country that has…
The United Arab Emirates and China are the two major trade partners of Iran, Head of Trade Promotion Organization of Iran (TPO), Valiollah Afkhamirad told ISNA on Saturday.
Iran will export 100 tons of trout to Russia in the near future, deputy minister of agricultural Jihad Hassan Salehi, who is also the head of Iran Fisheries Organization, told Mehr news agency on…
Bilateral trade between Iran and Russia will significantly increase with the lifting of sanctions imposed by the West, Russia’s ambassador to Tehran, Levan Jagaria, told Moscow-based Rossia…
In a bid to expand economic relations between the five Caspian Sea littoral states, Iran has proposed creating a Cooperation Council of Free Economic Zones (FEZ) in the region, which would pave…
The value of non-oil exports significantly rose over the past Iranian month of Dey (ending on January 20th) with the trade balance positive territory. Iran exported 7.439 billion dollars worth…
Iran and Turkey seek to expand their bilateral trade to $30 billion in value, Tnews reported on Wednesday.
In a joint meeting held in Turkey, Iranian parliament Speaker Ali Larijani and…
The value of goods smuggled into the country plus that of the fuel that is smuggled out amounts to more than 600 trillion rials (more than 21.8 billion dollars based on official exchange rate)…
Iran’s ministry of industry, mine and trade will be hosting the D-8 Organization for Economic Cooperation, also known as Developing-8 or D-8, due to be held in the capital city of Tehran on 26-28…
India's giant steelmaker Steel Authority of India Limited (SAIL) has proposed to set up a 2-million-metric-ton integrated steel plant in Iran, which is estimated to cost nearly $1.62 billion. The…
Iran Central Iron Ore Company (ICIOC) is now producing its planned target of 8 million metric tons of iron ore per annum, says the managing director of the company. Mohammad-Javad Askari told IRNA…
Ghadir Investment Company has announced investments worth $2 billion in in the Persian Gulf island of Qeshm, IRNA reported.
Gholamreza Soleymani, the general manager of Ghadir Investment…
An Asian delegation including representatives of companies from the Philippines, Indonesia, and China have expressed their willingness to invest in Iran’s mining sector, IRNA reported.
Around $200-million has been invested in Kahnooj titanium mine, IRNA quoted the head of the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) as saying in the…
Stocks kept losing ground during the week ending January 21, with the wobbling economy weighing both on the investors, and speculations over the performance of listed companies at the Tehran Stock…
The 100-year-old leather industry in Iran is facing a multitude of challenges ranging from out-dated machinery to high tariffs on import of new machinery and raw material, lack of investments, and…
Banking services in Iran are skewed towards consumers in Tehran due to majority of companies being headquartered in the city.
The European Union’s second-highest court struck down sanctions Thursday on a leading Iranian bank and a string of Iranian shipping companies hit with asset freezes as part of pressure on Tehran…
