Economy

The Iranian Auto Parts Manufacturing Association (IAPMA) has been threatened with dissolution after an Administrative Court of Justice ruling on September 21, annulling the election of the board…

According to the country’s plans, copper exports will hit $2 billion within the few next years, Ahmad Morad Alizadeh, managing director of National Iranian Copper Industries Company (NICICO).” “…

Amid recent debates over unauthorized financial institutions operating across the country, the Central Bank of Iran on Saturday evening released a list of banks and institutions officially…

Compared to times not in the too distant past, Iran's huge auto industry is going through a strange phase. On the one hand the big manufacturers are trying to meet market demand by raising output…

Relaxing and revising stringent regulations in the production sector should be taken into account when assisting manufacturers’ production and export, Behrooz Foroutan, a member of Iran Chamber of…

The country’s total medicine imports via flights in the first six months of the current Iranian year (March 21- September 22, 2014) registered 22.8 percent growth compared to the same period last…

The 3rd joint regional conference of the Economic Cooperation Organization (ECO) and the International Road Transport Union (IRU) opens on October 26 in Tehran, IRNA reported. The conference seeks…

An exhibition was held in Bishkek, Kyrgyzstan, on October 22-25 with a focus on Iran’s market.

In an interview with Fars news agency, Kyrgyz lawmaker, Tursunbai Bakir Uulu, said the event…

One may wonder why Iranian cement is even sold on China’s online shopping site Alibaba. It is not so surprising if one considers the fact that Iran is one of the largest producers of cement…

Iran will be able to access 4 billion cubic meters of water upon the completion of unfinished dams across the country, Energy Ministry Hamid Chitchian announced on Saturday.

An official with the Rural Cooperatives Organization has announced a new plan that would soon centralize all information relevant to agricultural beneficiaries in an integrated online system.

The development project for Shahid Beheshti Port is likely to be financed by China as well as the resources of the National Development Fund of Iran (NDFI), FNA reported

Beheshti Port is…

The sixth exposition on introducing Iran’s investment opportunities, ended Friday, Oct. 25 after four days. It was held alongside the first international Bourse, Banking, Insurance, Capital Market…

The Iranian rial was devalued against 17 currencies on Saturday. The move initiated by the Iranian Central Bank (CBI) is part of a trend to gradually weaken the rial’s official rate. The rial was…

The first international conference on tiles, ceramics, and sanitary ware will be held at the Olympic Hotel’s conference center in Tehran on November 29-30, IRNA reported. The event, which is held…

Fara Bourse (over-the-counter) recorded trading of more than 2.8 billion shares worth 17.4 trillion rials within a month ending Oct. 22, indicating a 9 percent growth compared to the same period…

The steel industry’s outlook is improving as the Iranian government plans to increase the country’s steel production capacity from 20 million tons per annum (mtpa) to 55mtpa by 2025, with an…

Over 67,000 tons of various commodities were up for grabs on the spot market at the Iran Mercantile Exchange (IME) on Saturday, the IME’s public relations and foreign affairs office reported.…

Top private sector officials from Iran and Turkey have announced that they seek to ensure that trade relations between the two countries will increase in the next two years.

T he equity market has showed a spurt it has not experienced since July. In less than a week, the market thundered away from the slump it has been in for over a month and added more than 2000…

Relieving the Central Bank of Iran from the influence of the government has become a hot topic in recent weeks as the Expediency Council, in charge of hashing out differences between the…

Private sector businesses have received about 130 trillion rials in loans from Bank Melli, according to the bank’s CEO Abdonnaser Hemmati. He added that only 54 people have borrowed half of the…

Over 355,000 tons of various commodities were traded on the spot market at the Iran Mercantile Exchange within the week ended Oct 22, valued at more than 7.4 trillion rials, IME’s public relations…

Boeing said on Wednesday it had sold aircraft-related goods to Iran Air in the third quarter, marking the first acknowledged dealings between US aerospace companies and Iran since 1979, Reuters…

The deputy minister for industry, mine, and trade said the ministry supports world-class mines; although small mines are definitely contributing to the domestic economy, reported Eghtesadnews.…