To make furniture, Iran has to import wood from Georgia since the wood available in the country is of low quality, said a member of Tehran Carpenters and Sofa Manufacturers Union, adding that 80%…
Economy
The Ministry of Industries, Mining and Trade on Saturday announced that cement production stood at 20.8 million tons in the first four months of the current Iranian year (started March 21),…
Iran Fara Bourse’s overall index snapped its losing streak and notched up 0.22 point or 0.03% on Monday to close at 735.88. The IFX was mostly boosted by Marun Petrochemical Company’s performance…
The new chief of Iran Civil Aviation Organization, Ali Abedzadeh, says he will make every effort to liberalize air ticket prices as part of the Fifth Five-Year Development Plan (2011-16).
Unsettled investors kept shrugging off upbeat news, including the latest comments made by Britain’s Foreign Secretary Philip Hammond on possible collaboration between the two countries’ stock…
About 110,000 tons of iron ore at the base price of $20 per ton were offered by Jalalabad Iron Ore Complex on Iran Mercantile Exchange’s export trading floor on Monday to potential customers…
The Central Bank of Iran has approved a plan seeking to open a “free financial center” on Kish Island, IRNA reported on Monday, citing Ali Asghar Mounesan, managing director of Kish Free Trade…
As the debate on the revised tax laws requiring banks to disclose their account information to tax officials continues, officials are sparing no effort to assure the public that the media hype on…
Largely absent from the global finance scene during the sanctions era, Iranian banks and investment houses are beginning to take calls, schedule meetings and discuss partnerships with foreign…
With about 48,600 cars assembled this year through June, Chinese cars accounted for 9.75% of Iran’s total car output, a sixfold increase from just 1.6% in 2011.
Chinese automakers improved…
Chances of Fiat entering Iran are slim, said Iran's Minister of Industries, Mining and Trade Mohammad Reza Nematzadeh during his visit to Iran's pavilion at EXPO 2015 Milano.
As American…
The sale of one of Renault's latest models is underway in Iran.
Symbol 2016 has been warmly welcomed by Iranian buyers, said Negin Khodro's marketing manager.
Shokrollah Shokouhi…
Bifuel and hybrid vehicles will replace more than 6,300 dilapidated Paykan taxis by January 2016, said the technical and operational deputy at Tehran's Taxi Organization. Mehdi Ebrahimi…
Tracking price-to-rent (P/R) ratio for homes in Tehran has disproved the claim that the housing sector is still grappling with a price bubble.
India has emerged as a silent, and unwilling, player in the count of supporters, and opponents, of President Barack Obama’s Iran deal currently unfolding in US Congress.
Lawmakers want to…
A day after President Hassan Rouhani issued the amendment to direct tax law to the Economy Ministry, the central bank’s public relations released a statement rejecting the claim that personal…
Iran and Azerbaijan have agreed to establish a joint bank and open branches of the two countries’ banks in Baku and Tehran, Mahmoud Vaezi, minister of communications and information technology,…
A banking official has warned central bank authorities against foreign investors controlling the national electronic payment system in case they start offering visa and master card services in…
Rampant fruit smuggling is threatening the agricultural sector, warned the general director of Tropical and Subtropical Fruits Department of Agricultural Jihad Ministry. “Iran annually produces…
Hide, skin and leather exports have dropped down to half in recent months as a result of high export duties, said the chairman of Hide, Skin and Leather Producers and Exporters Association at the…
More than 11,000 jobs have been created while 2,390 domestic and 110 foreign companies registered in the Chabahar Free Trade Zone since its establishment in 1993, said the managing director of the…
Iran is interested in importing up to 3 million tons of grain from Ukraine, according to Ukrainian Agrarian Policy and Food Minister Oleksiy Pavlenko. The minister said that his ministry’s…
The tobacco industry is struggling with a sharp decline in production and profitability level after majority shares of the state-owned Iran Tobacco Company were transferred to the Steel Industries…
Several cases have been found in which Turkish truck drivers crossing the border between the Turkish city of Dogubayazit and Bazargan in Iran violated the transit fuel agreement signed by the two…
The 21st International Exhibition of Textile Machinery, Raw Materials and Products will be held at Tehran’s International Permanent Fairground on September 4-7. More than 340 domestic and foreign…
