Economy

For the first time in Iran's history, arc steel sections are being manufactured by Esfahan Steel Company (ESC), IRNA reported on Wednesday. The steel section, technically known as V21, is highly…

Women’s participation in the economy increased by 0.1% in the third quarter of the past Iranian calendar year (ended March 20) compared with the previous quarter, an official from the ministry of…

Passenger air transport grew by 11 percent in the past Iranian calendar year (ended March 20) compared to a year before, head of Iran’s Civil Aviation Organization (CAO) announced on Tuesday, as…

Iran is ready to link Bulgaria’s railway network with those of China and East Asian countries, ISNA quoted Minister of Roads and Urban Development Abbas Akhoundi as saying on Tuesday. He made the…

Iran’s agricultural trade deficit decreased by 32% in the past Iranian calendar year (ended March 20), reaching $5.4 billion from the preceding year’s $8 billion, Abdolmahdi Bakhshandeh, a senior…

Contrary to what was initially expected, the framework nuclear deal reached between Iran and the P5+1 group in the Swiss city of Lausanne on April 2 failed to stimulate the domestic housing market…

Establishing six new Free Trade Zones has been approved by the Supreme Council of Iran’s Free Trade, Industrial and Special Economic Zones and the bills will soon be submitted to the parliament…

The two-day technology conference titled ‘German Technology meets Iranian Textile and Carpet’ organized by the German Engineering Association (VDMA) in Tehran ended on Wednesday. The conference…

Four insurance companies have received penalties from the country’s main insurance regulator, Central Insurance of Iran (CII), IRNA reported on Tuesday. The four companies are Iran Insurance…

The plan proposed last year by Bank Maskan (Housing Bank) to increase the mortgage ceiling from 350 million rials to 600 million rials ($21,000 at official exchange rate) is now being assessed by…

Top managers of private and state-owned banks eventually agreed last week to set the deposit rate ceiling at 20% (for one-year deposits), down from 22%. The decision is yet to be finalized by the…

Central Bank Governor Valiollah Seif highlighted Iran’s economic achievements in the year to March 20, 2014 (last fiscal year) at a meeting with Christine Lagarde, managing director of the…

Iran’s gold market could remain stable in the coming days though political developments in the region could directly impact the global market of gold, said an expert in Tehran.

Mohammad…

The majority of imported tires can be domestically manufactured but are only welcome in the market due to their competitive prices, said an official at the Tire Industry Association of Iran,…

Processing gypsum and using modern technologies to produce such valuable mineral would generate great profits for the country and especially the northern Semnan Province, which is the supplier of…

The Iran Mercantile Exchange (IME)’s oil and petrochemical trading floor featured 54 grades of various polymers offered by local petrochemical complexes on Tuesday trading.

The TSE’s benchmark failed to get back on track and retreated again at Tuesday close, with all indices settling in red territory.

Three representatives from the Chinese state-owned company MCC have arrived in Tehran for talks on injecting €1.8 billion to finance seven national steel projects by May 21, Fooladnews quoted…

Iran produced 518,000 square meters of medium-density fiberboard (MDF) during the last Iranian calendar year (ended March 20), indicating 21% growth compared with the preceding year, announced an…

Increasing non-oil exports is among the government’s top priorities during the current Iranian year (started March 21), First Vice-President Es’haq Jahangiri said on Monday, calling on all…

Work on a railway project that connects the cities of Boroujerd, Doroud and Khoramabad in the western Lorestan Province began on Monday, as reported by Mehr news agency.

Member of Iran’s Council of Saffron Ali Hosseini has warned about the growing trend of smuggling the bulbs of saffron plant into neighboring Afghanistan; saying if the trend continues…

Iran’s pharmaceutical exports reached a record high in the Iranian calendar year 1393 (ended March 21), with $200 million worth of medicine exported to 30 countries, head of Iran’s Food …

Iran and Turkey are working to expand their recently signed Preferential Tariff Agreement (PTA) to include more items in the list of commodities traded at preferential tariff rates, head of Iran’s…

A trade delegation from Switzerland, headed by former Swiss ambassador to Tehran Livia Leu, is scheduled to visit Tehran in the coming days to scope out business opportunities in Iran, IRNA…