Iran’s sole heavy plate producer plans to establish a slab production plant with a capacity to produce 1.2 million tons per year to expand the output of its special-grade steel products.
Economy
Iran economy news, Get the latest news about Iran economy, trade, growth prediction, agriculture, transport, aviation, infrastructural developments and investment opportunities.
Economy
Iran hoped that agreeing to curtail its nuclear program would encourage foreign firms to pour tens of billions into the country. But the flood of major investment has not materialized—and that’s…
Economy
Track-laying for a railroad connecting the western provincial capital of Kermanshah to Iran’s national rail network has been completed, Construction and Development of Transportation…
Economy
More than 8 million tons of wheat worth close to 105 trillion rials ($2.74 billion) have been purchased from local farmers across the country so far this year, a deputy chairman of Government…
Economy
The 14th International Exhibition of Wood Industries Machinery, Fittings and Raw Materials, also known as Woodex 2017, opened in Tabriz International Fairground on Thursday.
Economy
In Boeing’s talks with Iran Air after major powers signed the nuclear deal with Iran in 2015, the American planemaker offered to sell two available wide-body 747-8 jetliners to the flag carrier,…
Economy
Iran is set to send two locally produced satellites into orbit before the end of the current year in March 2018.
According to the director of the Iranian Space Agency, Mohsen Bahrami,…
Economy
China held a drill on Thursday with Internet service providers to practice taking down websites deemed “harmful”, as the country’s censors tighten control ahead of a sensitive five-yearly…
Economy
Microsoft has named artificial intelligence as one of its top priorities in a financial filing.
The annual report for the company’s 2017 fiscal year, which ended on June 30, now includes…
Economy
The knowledge-based business Tosan Techno is set to offer Mobile Point of Sale devices. According to the marketing manager, Jamshid Azadeh, the commercial sales of the device will be launched soon…
Economy
Agricultural machinery exports reached $6 million during the first three months of the current Iranian year (started March 21), a deputy minister of industries, mining and trade said.
“At…
Economy
Around 272 tons of chicken with no antibiotics used in their breeding have been produced in South Khorasan Province in northeast Iran so far in the current Iranian year that started on March 21,…
Economy
The decline in Iran’s export of non-oil products in the four months ending July 22, as reported by the Islamic Republic of Iran Customs Administration, is a result of their high prices in…
Economy
Iran exported 31,230 tons of molasses to Thailand in June, which is a record monthly high since 2010, registering an eightfold increase compared with the previous month.
Economy
The Consumer and Producer Protection Organization has fined Naji Research and Development Company over 1.17 trillion rials ($31.2 million) for overcharging clients. The company provides a variety…
Economy
More than 10,600 tons of goods were exported via railroad from Zahedan in the southeastern Iranian province of Sistan-Baluchestan to Quetta in Pakistan during the first four months of the current…
Economy
The southern Hormozgan Province accounts for 36% of Iran’s goods transit, director general of Hormozgan Ports and Maritime Organization said.
Economy
The managing director of Esfahan Steel Company recently published a letter to the Securities and Exchange Organization to answer inquiries by the SEO about the money-bleeding company’s three-month…
Economy
In a letter to First Vice President Es'haq Jahangiri, Minister of Agriculture Mahmoud Hojjati has urged all governmental executive bodies to meet their tea demand from domestic sources.
The…
Economy
Tehran Stock Exchange’s main index shed 150 points or 0.18% to end Wednesday trade at 81,265.9.
About 679 million shares valued at $52.29 million changed hands for the day.
Trading…
Economy
Iran Insurance Company, the state-owned insurer, has paid 148 billion rials ($3.9 million) in claims for the blaze that ravaged the warehouse of Bandar Imam Petrochemical Complex, IIC’s…
Economy
Iran and Pakistan’s biggest lenders are interested in opening branches in each other’s country, which was announced in a meeting between the governor of the Central Bank of Iran and the Pakistani…
Economy
In the face of rising demand for inexpensive residential units in the capital Tehran, a senior advisor to the minister of roads and urban development predicted that the market for small and…
Economy
Illegal credit institutions that mushroomed during the tenure of the former administration and whose malevolent effects continue to dog the country’s financial system are on their way out, the…
Economy
Rigan Khodro, a subsidiary of Kerman Motor, says it will start selling new Chinese cars in the Iranian market in the coming months.
The company has brought two prototypes, Leopaard CS10 and…
Economy
