Stocks crumpled at Tehran Stock Exchange (TSE) at Wednesday’s close, with the TEDPIX plunging in bear market territory as the majority of the stocks took it on the chin in the face of escalating…
Economy
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There is no restriction on the private sector to extract precious metals, excluding uranium, IRNA quoted the head of the Iranian Mines and Mining Industries Development and Renovation Organization…
Some 255,000 tons of commodities were offered in Iran Mercantile Exchange (IME) on Wednesday, reported IME’s public relations and international affairs.
Around 26,800 tons of bitumen were…
At least 1.3 million metric tons of iron ore pellets, worth $235.8 million, have been imported during the first nine months of the current Iranian calendar year (to end March 20), indicating a…
The minister of industry, mine, and trade, Mohammad-Reza Nematzadeh has strongly criticized the current state of mine exploration across the country, describing it as “wasting the country’s…
The United Arab Emirates will grow faster if Iran reaches a breakthrough in talks with the West as the Arab state has always acted as a gateway for Iranian business, according to a Dubai-based…
The Central Bank of Iran cannot control the money market because of interference by certain military figures or firms, the parliamentary news agency ICANA reported on Wednesday.
Many…
In the absence of an integrated system to regulate the forex market, the Iranian policy makers have always faced a challenge to have access to precise and updated information on exchange rates.…
Iranian lawmakers have passed a proposal that would require the Central Bank of Iran (CBI) help provide financing for the cash flow problem facing industrial, mining, agricultural, and…
Bank of Industry and Mine has allocated 2 trillion rials ($740 million at official exchange rate) in loans for the development of deprived regions, IRNA reported. The low-interest loans have…
Bimeh Markazi of the Central Insurance issued a warning on Wednesday against unauthorized insurance firms. The regulator noted that “certain individuals have established firms under fake title…
Iran’s minister of industries, mines and trade Mohammad Reza Nematzadeh and his Omani counterpart Ali bin Masoud Al-Sunaidy inaugurated an exhibition featuring Iranian products in Oman’s capital…
Head of Fisheries Department in Mazandaran province, Hassan Habibnejad, said on Tuesday that 361.9 kg of caviar, worth more than $314,000, were exported from the province in the first 9 months of…
The ministry of industries, mines and trade said on Tuesday that in the first eight months of the current year (end March 20), more than 253 million square meters of tiles were produced in Iran.It…
A group of cabinet and parliament members sat together in an unofficial gathering on Tuesday night to discuss the country's current economic issues; informed the Member of Parliament Kamalodin…
Outspoken, frank and informed minds have long warned against the threat of rampant corruption that is now damaging the integrity and social fabric of the country. Many have proposed ways to…
A high ranking economic delegation, from 30 major companies in Singapore, is to visit Iran on January 31, Mehr news agency reported on Wednesday. The delegation is seeking to promote mutual ties…
Iran has 60 billion metric tons of mineral reserves, out of which 37 billion metric tons are proven reserves and the remaining are probable mineral reserves. Currently, Iran extracts only about…
Around 20 metric tons of gold have been added to the country’s proven reserves since the new phase of mine explorations began last year, IRNA cited the Iranian Mines and Mining Industries…
The majority of base metals’ prices plummeted in the global markets on the first day of the week, mainly due to low demand in Europe and the growth of dollar against major currencies, Eghtesadnews…
The export of iron ore has seen a constant decline since May last year and hit the lowest in November with only 15,000 metric tons of the raw material exported, Fooladnews reported.
Iran’s local petrochemical complexes offered close to 45 grades of various polymers on the oil and petrochemical trading floor of Iran Mercantile Exchange (IME) at Tuesday’s trading.
The Tehran Stock Exchange (TSE)’s overall index took a dramatic nosedive to register its worst day since November 30, breaking below its psychological barrier of 68,000-point mark at Tuesday’s…
The procedures taken by commercial banks to provide loans to individuals and firms have long been subject to criticism by economic experts and the public.
The Money and Credit Council on Monday ratified a proposal for increasing ceilings of loans granted to the Mehr housing scheme, a controversial plan initiated by the former administration to build…
