Economy

The ban on import of refrigerator trucks will be conditionally removed after a decision made during the cabinet’s latest meeting, IRNA reported on Friday. According to the new ratification, less…

Iran- Georgia bilateral exchanges can increase ten-fold, the head of Iran-Georgia Parliamentary Friendship Group, Moayyed Hosseini said in the meeting between an Iranian parliamentary delegation…

The validity of country transit permits for automobiles from United Arab Emirates has decreased from 60 days to 30, the Islamic Republic of Iran Customs Administration (IRCA) stated on Friday.

Iran-Turkmen-Kazakh railroad is scheduled to be operational by the end of 2014, a senior government official said.

“Once the project is finished, it will have the capacity to transport 10…

The submission of orders for sugar imports to meet the domestic demand will commence by mid-November, a member of the board of representatives of the Tehran Chamber of Commerce said.

More than 6,000 tons of different products including tea, construction materials and dried fruits have been exported from Sarakhs Special Economic Zone (SSEZ) to foreign countries in the first…

A growing number of foreign airliners have expressed interest in operating in Iran, the national civil aviation organization has reported.

According to IRIB news agency, 33 foreign airlines…

With the completion of several major industrial projects, which are to be implemented till the end of this year (March 2015), around 97,000 job opportunities will be created that is a sizeable…

Iran exported $314 million of hand-woven rugs last year (ending March 21, 2014), with the industry remaining popular with foreign markets, Hamid Kargar, the head of Iran’s National Carpet Center (…

Iran harvests about 90% of the world’s saffron production, but a lot of the exported saffron is later packed, relabeled under various brands in places like the UAE and Spain and re-exported to…

The share of large-scale housing construction projects from the housing sector activities is expected to increase up to 15 percent next year, director of the roads, housing and urban development…

Use of public transport decreased by 19% in the first half of the current year (March 21-September 22), compared to the same period last year.

a low inflation rate. “However, it should happen together with bridging the production gap,” Hassan Dargahi, a member of the specialized working group of Economic Coordination Committee of the…

Iran and Turkey continue to look for avenues of mutual cooperation as they aim to increase bilateral trade to $30 billion by the end of 2014, it was announced during a meeting between Mahmoud…

The head of Iran’s Quality Management Society has said that in the past 10 years no manufacturer has managed to win the main standard prize awarded annually by the National Standards Organization…

Iran’s rank for ‘ease of doing business’ in 2015 has been improved to 130th position globally, from 132nd in 2014, according to a new World Bank report.

The secretary general of Central Bank of Iran (CBI) has stated that the bank is the main organization in charge of issuing banknotes with high security features.

Mahmoud Ahmadi said on…

Small industries now account for 45 percent of total employment in the country, according to the deputy head of the Iranian Small Industries and Industrial Parks Organization (ISIPO).

The governor of the Central Bank of Iran (CBI), Valiollah Seif, has met with Indian officials in New Delhi, exchanging views on how to develop and broaden economic ties, IRNA reported. Trade…

Prices of metal building materials sharply fell during the first half (March 21-September 22) of the current Iranian calendar year, a new report said on Wednesday.

The Tehran Stock Exchange’s main index (TEDPIX) had a bullish trend at this week’s last trading day, after most indices settled in green and wiped out earlier losses.

Based on the TSE’s…

The Islamic Republic of Iran Customs Administration has issued a directive based on which no more steel ingots and rebars will be imported with the official exchange rate, Fooladnews reported…