Economy

Slack rebar demand in Iran has been putting pressure on local producers. Some of them have temporarily reduced longs production, while some billet producers are considering a rise in export…

Iranian steelmakers exported more than 4.4 million tons of crude steel and steel products during the 10 months to January 19, registering a 45% growth compared with last year’s corresponding…

Iran’s Mobarakeh Steel Company has stopped selling hot rolled coils for February shipment and started inviting bids for March shipment.  The price idea and its direction are expected to gain…

A 20-member Indian trade delegation visited Iran from January 28-30 to promote export of rice since Iran is one of the largest importers of Basmati rice from India.

According to Indian…

Cigarette production in Iran is estimated to reach 45 billion in the current Iranian year (ending March 20, 2017), up 50% compared with last year, the head of Tobacco Planning and Supervision…

Malaysia’s Minister of Plantation Industries and Commodities Datuk Seri Mah Siew Keong will lead the economic and technical missions on palm oil, timber and rubber products to Iran and India from…

Iran’s working-age population, i.e. people over 10, stood at 65.3 million in the last Iranian year (ended March 19, 2016), registering a 15% increase compared to a decade ago when it was 56.8…

High-tech road cameras are being installed in Iran’s main transit routes for recording the weight of commercial vehicles to fight smuggling, says the Anti-Smuggling Organization’s Spokesman Qasem…

Boeing’s $8 billion deal to sell 80 jets to Iran Air was already in trouble before President Donald Trump took office. Now it’s even more in doubt.

And that could mean trouble for American…

Hyundai Motor Company plans to set up a car assembly plant in Pakistan in a joint venture with local textile firm Nishat Mills, an official from Nishat said on February 3.

Turkey’s car and light commercial vehicle sales in January grew 8% compared to the same month in 2016, Hurriyet reported citing Automotive Distributors’ Association on February 2.    …

The industrial vehicle manufacturer Zamyad has revealed three trucks for the local market to buyers and government officials. 

Zamyad, a subsidiary of SAIPA Group, unveiled the new…

Kerman Motor, the latest local company that will produce foreign-branded cars, has announced the prices of two of their new vehicles. According to a press release by the company, published by…

Heading a 25-member delegation, Malaysian Minister of Plantation Industries and Commodities Mah Siew Keong is scheduled to arrive in Tehran on Sunday to survey avenues of expanding bilateral ties…

Following a 40% rise in residential real-estate deals during the Iranian month of Dey (started December 21, 2016) compared to the previous month and the relevant stability in prices, the housing…

A few months into the implementation of a plan to move the accounts of the government from agent banks to the Central Bank of Iran, the number of state accounts has drastically decreased.

…

Officials from Tehran Chamber of Commerce, Industries, Mines and Agriculture visited the Danish Trade Council in Copenhagen on Friday, where they called on the Danish government to take measures…

Capital Intelligence has confirmed Iran's Bank of Industry and Mines Financial Strength Rating with the sovereign long-term rating of "BB-"–the same as Iran's sovereign rating. 

The…

The Banker’s Top 500 Banking Brands rankings for 2017 have been announced with five Iranian banks making it into the Top 500, mainly as a result of Brand Finance’s ability to include accurate…

A great deal of noise surrounds the fate of the Iran nuclear deal. 

It is going to be very difficult to roll back the agreement, announced a year ago. Therefore, it remains to be seen…

Iran’s square billet producers chose to lower their prices to meet export customers’ price expectations and boost demand. 

In addition, a significant downturn in Turkey’s import scrap…

The Iranian flat steel import market has not shown any sign of a revival in activity over the past week.

The major factor behind the halt in purchasing was the high prices for foreign…

Iran Mercantile Exchange plans to start listing saffron and pistachio for trading by mid-February, chief executive of IME, Hamed Soltani-Nejad, announced. “Iran’s saffron market is mostly based on…

Tehran Stock Exchange’s benchmark index TEDPIX gave up 634 points or 0.8% for the week that ended February 1 to close at 77, 415.

Iranian weekdays start Saturday and end on Friday. Both of…

Two hundred and fifteen cooperatives and two guild unions were registered during the Iranian month ending January 19.

These newly-founded cooperatives, most of which are active in the…