President Hassan Rouhani’s Chief of Staff Mohammad Nahavandian on Monday denounced administrative and financial corruption as a destructive element hampering business competiveness in the country…
Economy
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Iran and Pakistan can make a joint investment to launch a special economic zone that can be used by both sides, Ali Tayebnia, Iranian minister of economic affairs and finance, said in a meeting…
A delegation of Turkish customs officials left Tehran on Sunday morning after they failed to reach a deal with the Iranian side to resolve a months-long dispute over the transit fees Iran has…
The government, on Sunday, submitted a detailed bill to the parliament for ratification based on which the feedstock for the industrial units, power plants, refineries, and petrochemical…
Based on market demand, close to 183,000 tons of steel sections, polymers, bitumen, vacuum bottom, lube-cut oil, granulated sulfur, copper, wheat, and corn were up for grabs at the Iran Mercantile…
The major global players in the wire industry will gather in Tehran to attend the second international exhibition on wire, cable, rod, and tube industries, known as Iran Wire 2014, IRNA reported…
All indices contributed to help TEDPIX get back on track at Monday’s close, persuading risk-averse investors to garner devaluated shares, instead of lining up to get rid of them.
The shortage of iron ore will cause a serious crisis for the steel sector in the future if the Balance Plan for steel continues to be ignored, said Mehdi Karbasian, the managing director of…
A new iron ore concentrate production unit named Saba Nour Company (SNC), with nearly 600,000 tons of annual capacity, will be launched in the western province of Hamedan within the next few days…
Close to 180,000 tons of clinker of Firuzkouh Cement Company (FIKCC) has been exported to Russia and the members of the Commonwealth of Independent States (CIS) since April 21, IRNA quoted the…
The head of Iran’s Chamber of Commerce, Industries and Mines has said the rise in the number of foreign business groups visiting the country is indicative of great investment prospects.
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The director of provincial affairs for Iran Chamber of Commerce, Mozafar Alikhani said the setting up of specialized exhibitions as a tool for the development of exports is a priority for the…
The governor of the Central Bank of Iran revealed the details of a 120-trillion-rial ($4.4 billion) corruption case in the banking network, recently announced by Economy Minister Ali Tayebnia.…
An statistical report on the performance of Export Development Bank of Iran (EDBI) for the first seven months of the current Iranian year May 21- October 21, 2014) was released, revealing details…
Head of Iran’s Chamber of Commerce, Industries, Mines and Agriculture, Gholam Hossein Shafei, called for expansion of trade with Germany, saying that trade turnover with Germany, currently…
In the budget proposed by the government, the customs revenues are predicted to reach 130 trillion rials ($4.8 billion at official exchange rate) within the next fiscal year, which will start…
The government needs to establish a national saffron development fund to help organize the saffron market, regulate the price fluctuations and further export the product, Farshid Manouchehri,…
Director of Iran’s Civil Aviation Organization, Ali Jahangiri, said on Sunday that only Iranian nationals are authorized to import aircraft. Iran recently lifted restrictions over the import of…
Foreign currency policymakers have always focused on maintaining the “nominal exchange rate” and have treated the “real exchange rate” with indifference. The latter, however, has gained relevance…
The market will decide the price of bread, Mojtaba Khosrotaj, the deputy minister of industry, mine and trade, said on Sunday, adding that only 20 percent of bakeries across the country are free…
The managing director of a major steel producer criticized the low quality of imported steel products, calling on the government to impose higher tariffs on steel imports, reported Fooladnews on…
For the upcoming Iranian calendar year (starting March 21, 2015), the government will benefit from royalty payments as high as 30% in the iron ore mines, reported ILNA on Sunday.
Sunday’s trade at the Iran Mercantile Exchange (IME) included offers of imported commodities from Russia, China, India, and Kyrgyzstan, the IME’s public relations and international affairs office…
The Tehran Stock Exchange (TSE)’s benchmark headed for a third straight consecutive day of losses, notching a fresh record low following Sunday’s lackluster trade.
The minister of industry, mine and trade says he has personally followed up the progress of several steel production projects, and has urged the removal of obstacles on the way of unfinished…
