Economy

A trade delegation from Croatia paid a visit to Pars Wagon Company (WPCO) in Arak, the capital city of the central province of Markazi, on Sunday, as IRNA reported on Monday. The visit was aimed…

On January 11, the government accomplished the 47th round of cash subsidy payments since the plan’s inception in 2010. This, while the government is forced to cut its capital budget in order to…

The Rouhani administration is determined to support domestic and foreign investment, Mohammad Khazaee, head of Foreign Investment Organization of Iran said. He also vowed to increase the section's…

With the aim of easing transactions, Iran and Iraq are planning to experience electronic data interchange (EDI) in the near future, the Islamic Republic Customs Administration Office (IRICA)…

Monday’s trade at the Iran Mercantile Exchange saw 160 tons of scrap locomotive wheel traded on the local trading floor, IME’s public relations and Foreign Affairs Office reported.

Islamic…

The Arvand Free Zone Organization, in cooperation with the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO), is producing petroleum coke, IRNA reported. IMIDRO…

R Refining companies have been given five years by the Financial Stability Committee (FSC) to improve the quality of their products, including aviation fuel.

The FSC bill was approved by…

Copper, the third most widely used metal in the world after steel and aluminum, is deeply affected by the global economy, to the extent where an increase in its price reflects growth in the major…

The rial dropped against all major currencies on Monday extending losses for the third consecutive day as demand outweighed supply in Tehran.

The US dollar regained half of the ground it…

Iran’s commercial lenders are in a rut. They are facing challenges that could damage the entire banking system. They are being called profiteers. Various centers of power, namely the government…

B anks and credit institutions can invest indirectly in the equity markets. The Central Bank of Iran issued a directive pertaining to this matter on Monday. The move is aimed at increasing equity…

Sixty-one percent of the aggregate amount of deposits within the Iranian banking system is entrusted with the banks in Tehran.  Out of the overall 7.5 quadrillion rials ($274 billion) of…

Not only do Iranian lighting products rival those made in Germany and France, they are also exported to Italy, which is a leading country in the industry,  said the head of the guild of…

More than 9.25 million metric tons of cement was exported during the past 8 months, said the secretary of Iranian Cement Industry Employers Association.

“The export suffered an 8% decline…

The minister of industry, mine, and trade says his ministry is planning to merge small automakers, emphasizing that the plan would take time, Eghtesadnews reported on Sunday.

Mohammad-Reza…

Based latest data released by the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO), Iran produced more than 12.6 million metric tons of crude steel during the…

Stocks swung between small gains and losses on Sunday, with the Tehran Stock Exchange main index (TEDPIX) inching up 0.07% after the listed petrochemical firms contributed positively to the…

Iran Mercantile Exchange (IME)’s industrial and mining floor was host to various types of copper offered by the National Iranian Copper Industries Company (NICIC) on Sunday.

The initial public offerings of four government-owned companies will be launched on Febraury 17, Iran Provitaization Organization (IPO) reported. Close to 90 million shares of Kermanshah Oil…

The Kish Free Zone Organization announced on Sunday that it signed an agreement with the National Standard Organization to delegate the responsibility of Import/Export Quality Control and cargo…

G overnmental debt to the banking system surged during the first six month of the current fiscal year. Governmental debt reached 1.28 quadrillion rials ($47 billion at official exchange rates) by…

The Central Insurance of the Islamic Republic (CIIR) has recently published official statistics on the insurance industry for the fiscal year ending March 20, 2014 (1392). The industry is…

Ericsson is reportedly in negotiation to partner with the first Iranian 3G operator RighTel, a source familiar with the talks said.

Fifteen percent of Iraq’s foreign trade is with Iran, announced Yahya Al-Es’haq, the head of Iran-Iraq joint chamber of commerce, in the second conference on introducing business opportunities and…

In the second quarter of the current fiscal year (June 22-Spetember 22, 2014), the country's economic growth rate was 3.7 percent including the petroleum sector and 3 percent excluding the sector…