Economy

Iran’s major holding company in the mining sector said it would end exports of iron ore by March 20, 2017, reported Fooladnews.

Steel production is expected to grow over the coming years as an easing of sanctions placed on Iran will boost the steel industry, a new report projected.

Tehran Stock Exchange's (TSE) indices failed to contribute to the TEDPIX’s uptrend on Tuesday, wiping out part of the recent gains.

Based on the parliament’s Tuesday ratification, investment companies are required to pay interests for the Justice Shares to the Iranian Privatization Company (IPO) until the last dividend. The…

The transaction fees on POS terminal holders should be proportional to the transaction volume, an official at the High Coordination Council for State Banks suggested.

Funding for the improvement of infrastructure in the remaining phases of the Mehr housing project is set to be doubled next year (starting March 21, 2015), Amir Amini, the deputy minister of roads…

Iran has not been able to obtain a fair share of the world trade of halal products, Mahmoud Molanejad, the deputy director of Iran Research Organization for Science and Technology (IROST) said on…

Iran has hailed the Chinese president’s proposal named Silk Road Economic Belt and is ready to cooperate with China in this respect, Iran’s first vice-president Es’haq Jahangiri said in his…

The row between Iran and Turkey over the border transit fees is to be resolved soon, Chairman of Iran’s Chamber of Commerce, Mines and Industries, Gholam-Hossein Shafei, announced on Tuesday.

The Pakistani government is to take measures to remove hurdles in making payments to Iran. The problems include the international sanctions against Tehran over its nuclear energy program, high…

Iran is determined to encourage foreign investment as more foreign trade delegations travel to Iran to explore new opportunities here, director of Iran’ Organization for Investment and Economic…

The minister of roads and urban development, Abbas Akhundi, announced that the minimum amount required for the development of the national road network is about 1,000 trillion rials ($37.3 billion…

The Iran-US Chamber of Commerce has sent an open letter to its Iranian counterpart, inviting Iranian entrepreneurs to expand business activities in the United States, Eghtesad News reported on…

The second international conference on iron ore will unveil a strategic planning document on the future of the iron ore industry; Fooladnews quoted a member of Iron ore producers and exporters…

Almost 157,000 tons of various commodities were offered on the spot market at the Iran Mercantile Exchange (IME) on Monday, IME’s public relations and international affairs office reported.

Russian Railways JSC plans to build and electrify the railway from Iran to Azerbaijan and further extend it to Russia, RIA Novosti reported Monday.

The chairman of the transport committee…

The amount of capital raise within the first 7 months of the year (March 21-September 22) has reached last year’s total inflow of money, demonstrating that financial instruments including the…

The Interexchange Electronic Union (IEU) officially approved the membership of the Iran Mercantile Exchange (IME) on the second day of its international meeting in Tehran on Monday, reported SENA…

The Iran Energy Exchange (IEE) is ready to start trades of petroleum and natural gas through the Interexchange Electronic Union (IEU) only if the oil ministry agrees with it, said Ali Hosseini,…

The world economy is undergoing major shifts. On the back of a resurgent US economy and falling global demand, oil prices have hit four-year lows. But oil has not been the only victim of the…

The governor of the Central Bank of Iran said on Monday   that a possible reduction of the reserve ratio would lead to an increase in liquidity and inflation.

Demands by foreign investors to enter the Tehran Stock Exchange (TSE) have grown and recently a European financial institution has gained the permission to invest $20 million in the market, said…

Officials from the Kurdistan Regional Government of Iraq have signed five contracts with their Iranian counterparts to improve economic cooperation, Mostafa Abdallah, the head of exporters and…

A foreign company has won the tender to establish Sangan iron ore pellet manufacturing plant, Mehdi Karbasian, the CEO of the Iranian Mines and Mining Industries Development and Renovation…

Water and wastewater industries are active in 20 world export markets, Energy Minister Hamid Chitchian said in the opening ceremony of the 10th Iran International Water and Wastewater Exhibition…