Economy

Close to 85-90 percent of sheepskin produced in Iran are exported in semi-processed forms (rawhide and wet-blue), said a board member at Iran Tanners Association, Hassan Nassirian. “Semi-processed…

Close to 100,000 tons of iron ore were offered by Sangan Iron Ore Mines at the base price of $17 per ton on Iran Mercantile Exchange’s export trading floor on Wednesday.

Tehran Stock Exchange’s benchmark settled in red at Wednesday’s close amid overreactions to lingering nuclear negations between Iran and world powers. TEDPIX ticked down 60.77 points or 0.09…

BMW and Toyota are moving ahead on a project to jointly develop a midsize sports car with an agreement on common underpinnings for the model. The program to create the vehicle is "progressing…

Statistics show nearly 60% of auto parts in the Iranian market have been smuggled into the country, an official with Iran's Chamber of Commerce, Industries, Mines and Agriculture, said.

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Uber Co., the world's largest application-based taxi hailing service, and two of its bosses will go on trial in September over the company’s allegedly "illegal" ride-booking practices, prosecutors…

French new-car sales jumped 15% in June as two extra working days helped lift registrations.

2 Cheap Cars, which has built a New Zealand wide chain of car yards selling used imports since starting four years ago, says it plans to enter the market for new cars by parallel importing Toyota…

Only 30% to 40% of tools and fittings in the Iranian market are produced domestically, Mohammad Taheri, an industrial designing instructor, told IRNA. According to the expert, the high cost of…

Cement producers have called on the Ministry of Industries, Mining and Trade to increase cement prices by 17%, arguing that the move would not lead to a surge in construction costs.

Optimism about reaching a final nuclear agreement has helped markets rally and benchmarks to cross challenging resistance lines.

About 69 percent of listed companies positively contributed to TEDPIX on Tuesday to help the benchmark lift 593.9 points or 0.92 percent to settle at a 7-week high of 64,926.8.

Iran Mercantile Exchange featured various grades of aluminum and polymers on Tuesday.

Angouran Lead and Zinc Complex in Zanjan Province has the capacity to produce up to 120,000 tons of sulfide minerals, including sphalerite, lead glance and pyrite annually, according to the…

Officials in Iran Chamber of Guilds have blamed the excessive number of retail outlets per household on weak manufacturing sector. Recently, the ICG chairman Ali Fazeli estimated that on average…

The northern province of Mazandaran made 505 billion rials ($17.2 million at official exchange rate) in customs revenues during the first quarter of the current Iranian year (March 21-June 21),…

Egg prices experienced fluctuations in the domestic market in the last Iranian year (ended March 20), but remained stable in the export markets, ISNA reported. Chicken eggs destined for…

Deputy Minister of Cooperatives, Labor and Social Welfare Mohammad Taghi Hosseini met with LI Yong, the director general of the United Nations Industrial Development Organization in Vienna and…

A group of Italian experts in port facilities and naval structures paid a visit to the southern Bushehr Port earlier this week.

The Central Bank of Iran has reported a 12% increase in the producer price index (PPI) in the 12-month period ending June 21, which marks the end of the third Iranian month Khordad, compared to…

The gold market has gone into a coma, according to Mohammad Keshti-Aray, head of Tehran’s Gold and Jewelry Union.

“Gold prices will not remain volatile till next month,” the gold market…

A banking expert has called on the Central Bank of Iran to prohibit banks from borrowing from the regulator even though lack of funds may make them spend their savings to cover their internal…

Minister of Economy Ali Tayyebnia has called for deeper financial ties between Iran and other nations.

Governor of the Central Bank of Iran Valiollah Seif has reiterated that his bank is preparing to adopt a unified foreign exchange regime once the nuclear agreement is signed between Tehran and the…

Bank Maskan raised mortgage ceiling for the holders of “Youth Savings Accounts” in Tehran to 750 million rials ($25,800 at official exchange rate) from 670 million rials ($23,000), said Mohammad…