The shortage of more than 1.5 million metric tons of scrap iron per year has forced many private sector steel plants to shut down their furnaces several times a week, Fooladnews reported.
Economy
Iran economy news, Get the latest news about Iran economy, trade, growth prediction, agriculture, transport, aviation, infrastructural developments and investment opportunities.
Iran’s premier business accelerator program has announced that one of its first batch of startups is now in full swing. Today’s business highlight 2nate (pronounced donate in Persian), is a unique…
The Central Bank of Iran (CBI) has urged big banks to help it intensify supervision over the enforcement of its recent directive on interest rates.
“The CBI has deployed more inspectors to…
The past twelve months have been a rollercoaster for Iran’s economy, with many industries dealing with a drastic change in their prospects and income. The Financial Tribune has put together an…
Gold inched up on Friday as higher oil prices boosted its safe-haven appeal, but the metal looked set to post its third straight weekly loss, weighed down by a strong dollar. Gold prices will stay…
Parliamentarians have approved a law that makes the Ministry of Economic Affairs and Finance the sole supervisor of banks and credit institutions. According to the new legislation, banks and…
The United States on Tuesday imposed sanctions on nine new targets, saying the entities and people targeted had supported Iran's efforts to buy or acquire US currency, Reuters reported.
The dollar fell against the rial on Wednesday registering the fourth consecutive day of losses.
The US dollar, the euro and the British pound sterling fell as the equity market slipped to a…
A senior advisor to the managing director of Kish Free Trade Zone has said the Persian Gulf island serves as a model for all other Iranian cities in terms of planning and urban development.
Top economic officials from Turkey and Iran met in Tehran on Wednesday to discuss ways of expanding their annual trade exchanges to $30 billion.
Mohammadreza Nematzadeh, minister of…
Private sector experts believe that despite the central bank’s growth report this month, small industries have not yet exited recession.
The administration has vowed to help increase the ceiling of loans granted to the Mehr housing scheme, as the project awaits some 800 thousand unfinished housing units to be completed.
The US dollar has appreciated against the rial in recent weeks but this time depreciation of the rial coincided with the unprecedented sinking of the Russian ruble for the first time since 1998.…
Iran is seeking to increase its export of goods and services to Brazil, Fakhreddin Amerian, head of Iran-Brazil joint chamber of commerce, said on Wednesday. “The Brazilian market is a high-…
Golestan Province has exported $224.83 million worth of goods during the first nine months of the current Iranian year (March 21-December 21, 2014), Ali Akbar Shamani, the director general of the…
The number of flights from Iraq to Iran is likely to increase, as an attempt by the Iraqi government to encourage more Iranian tourists to visit Iraq, Ali Jahangiri, the chairman of Civil Aviation…
The Iran Mercantile Exchange (IME) witnessed the offering of local rice on the agricultural trading floor on Wednesday, IME’s public relations and international affairs office reported.
More than 30 Italian companies will attend the first exclusive four-day exhibition of Italian products in Tehran, reported iribnews on Wednesday.
The event will kick off here on January 5.…
Industrial and economic advantages of Iran’s mining sector are being eclipsed by the powerful energy (oil and natural gas) sector, a member of Iran Mine House said in an interview with Radio…
The secretary of Iran’s Cement Association said that cement production dropped 6% during the first eight months of the current Iranian calendar year (March 21-November 21), reported ISNA.
Massive gain evaporation at the Tehran Stock Exchange (TSE) eventually dragged down the benchmark to notch a record low within the past 15 months at Wednesday’s close.
Indices kept losing…
The production of light and heavy-duty vehicles during the first nine months of the current Iranian calendar year (started March 21, 2014) indicated a 70% increase compared with the similar period…
In a bid to help the equity market get back on track it has been agreed that a financial stability committee be set up within the Securities and Exchange Organization, SENA quoted Mohammad…
The Fifth edition of Ideal City Exhibition has kicked off on the Persian Gulf Island of Kish with over 100 companies in attendance.
Dr. Nozarpour and the senior advisor to KFZO managing…
North Khorasan province has assigned 419 million euro (approximately $510 million) worth of development plans to National Development Fund of Iran (NDFI), Mohammadreza Movaffaq, director of…
