The parliament is currently adopting a resolution based on which petrochemical products will be priced according to global prices, said Ali Salehabadi, the head of Securities and Exchange…
Economy
Economy
According to the Central Bank of Iran (CBI), the combined average market cap of Iran’s equity market surged 9.3 percent within the first half of the current Iranian year, ended September 22,…
Economy
T he Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) and a German company (Autotak) signed an agreement on Saturday based on which the German side is required…
Economy
The Tehran Stock Exchange (TSE) will host the annual meeting of the Federation of Euro-Asian Stock Exchanges (FEAS) in 2015, the exchange’s PR department reported. The idea was proposed by Hassan…
Economy
A key railroad project that would connect Iran to Turkmenistan and Kazakhstan is scheduled to be launched during the Iranian President Hassan Rouhani’s trip to Golestan province in December, a…
Economy
Future of Iran’s exports is at stake due to the lack of comprehensive, long-term and strategic plan for promotion of export, Gholam Hossein Shafei, the head of Iran’s Chamber of Commerce,…
Economy
Despite western sanctions, Iran’s civil aviation industry has grown relatively in recent years, industry officials often claim.
Regardless of all the dire troubles that it has…
Economy
Iran will need at least 800 thousand new jobs annually if economic growth reaches 7 percent and if the business environment remains sustainable, Hassan Taei, the deputy minister for labor, told…
Economy
A conference on investment opportunities in the western province of Lorestan will be held in Dubai in the coming weeks, Chairman of Khorramabad Chamber of Commerce, Industries, Mines and…
Economy
Some 90 percent of rural roads in Iran have been paved since the 1979 Islamic Revolution and the rest are to be paved in the near future, Hossein Mirshafi, the deputy minister of roads and urban…
Economy
The Iranian Rail Industries Development Company (IRICO) has renovated a hundred locomotives belonging to Iran Railways Company, the production director of IRICO, Mohammad Reza Kamali-nejad, said…
Economy
The price of Iranian exports has dropped year-on-year, thus making them more competitive. The Export Price Index fell by 2.9 percent in the first seven months of the current fiscal year compared…
Economy
The banking sector’s outstanding loans have risen markedly for the past two years. Of all the loans given, most have gone to the private sector and a smaller portion to the government.
Economy
The Iranian insurance industry will face challenges in the next few years that would hinder its growth, as the market is heavily controlled by the state through the regulator Bimeh Markazi or the…
Economy
The government’s attempt to curb the inflation and create a sustained increase in the general price level have been successful, but they won’t bring about satisfactory results for households until…
Economy
The reserves of the National Development Fund of Iran (NDFI) now stands at $70 billion, announced the deputy of the fund on Thursday after a large span of time that no official provided…
Economy
Close to 414,000 tonnes of various commodities, worth almost 7.8 trillion rials were traded on the spot market at the Iran Mercantile Exchange (IME) in the week ending November 19, the IME’s PR…
Economy
Venezuela’s Cerro Azul cement factory, developed by Iran, has begun production of high-quality clinker, reported IRNA.
Following the trial production in September, the factory…
Economy
The first iron ore pelletizing complex owned by the private sector will be inaugurated by March 2015, reported IRNA.
As many as six contractors and 230 people are working on the project,…
Economy
The ministry of industry, mine, and trade sent a proposal to the government to be approved based on which the manufacturers and owners of electric and hybrid cars would be given incentives,…
Economy
The Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) said the gold extracted from Zarshooran gold mine will be offered at the Iran Mercantile Exchange (IME) for…
Economy
After six weeks of rallies at the Tehran Stock Exchange, the benchmark pulled back amid ongoing uncertainties as well as newly-debuted shares within the week ending November 19, to broadly wipe…
Economy
Iran’s steel production in 2014 exceeded 13.5 million tons by the end of October, demonstrating a 6.5 percent hike compared to the same period last year, announced the World Steel Association. The…
Economy
The government is on a daily basis spending 1,500 billion rials in cash handouts saved through its annual earnings from the implementation of the Subsidy Reform Plan, said Deputy Minister of…
Economy
Economic ties with neighboring countries must be prioritized since it is an area least influenced by big powers, Secretary of Free Trade Zones Coordination Council Akbar Torkan said on Tuesday.
Economy
