Cheap fuel prices in Iran, costing less than 10% of the global average, are the main reason for the popularity of road transportation, which is responsible for the excessively high number of…
Economy
Economy
A recent regulation introduced by the Supreme Administrative Council prohibits the promotion of employees with more than 25 years of experience or those over 55 years to management posts.
Economy
There seems to be no end in sight to Mobarakeh Steel Company’s expansive domination in the Iranian steel industry, as the country’s largest steelmaker has announced plans to buy a stake in Iran’…
Economy
Iranian steel billet has been quietly gaining acceptance in the global market, because of its attractive prices compared to material from other suppliers.
In the first half of the…
Economy
Some 2.2 million tons of bitumen worth $410 million were exported from Iran during the seven months to Oct. 22, registering a 17% rise in weight and 6% fall in value compared with the similar…
Economy
Qatar is seeking to increase bilateral trade with Iran, said the Qatari Minister of Economy Ahmed bin Jassim Al Thani in a meeting with Iranian Minister of Industries, Mining and Trade Mohammad…
Economy
Nissan Motor Co, an early mover in the electric vehicle market, will use the Los Angeles auto show next week to send a message about gasoline-fueled engines: They are not dead yet.
Economy
With one eye on accelerating demand for electric vehicles, BMW AG said it is talking to suppliers of cobalt and other battery materials amid fears that stocks will run short and push already…
Economy
The second round of Tehran International Auto Show will open on Nov. 27. The five-day event will be held at the new Shahr Aftab (Sun City) exhibition center in south Tehran. Large numbers of…
Economy
Iran's tanker shipping company plans to expand cooperation with Norwegian suppliers of parts for oil tankers while pushing for measures to align with global environmental standards, head of the…
Economy
The share of life insurance in the overall portfolio of the Iranian insurance industry is meager, a fact that a board member of Middle East Insurance Company, which specializes in life insurance…
Economy
Any attempt by Iranian banking system to receive fees for providing services to government-owned accounts lacks any legality, according to a letter forwarded by the Department of Financial…
Economy
Iran’s High Council of Cyberspace, one of the main entities deciding the fate of virtual currencies in Iran, has welcomed the idea of Bitcoin and other cryptocurrencies if they are harnessed by…
Economy
After gold coin’s continued rally in the past month, which pushed its value to the highest level in nearly six years in Tehran’s market on Monday, the yellow metal’s surge lost momentum…
Economy
Switzerland’s industrial production and turnover increased notably in the third quarter, the federal statistical office reported Friday, RTTNews reported. Industrial production grew 8.6% year-on…
Economy
Iran exported 298,204 tons of non-oil commodities worth $143.46 million to Russia during the seven months to Oct. 22, registering a 96.32% and 63.21% growth in volume and value respectively…
Economy
Close to 680 tons of toothbrush worth more than 399 billion rials (around $12 million) were imported into Iran during the seven months to Oct. 22, figures released by the Islamic Republic of…
Economy
The rate of prescription drugs used in Iran is the same as China’s, a member of Majlis Health and Treatment Commission said.
Referring to the heavy debts of the government to the…
Economy
Director of Ports and Maritime Organization in Bandar Lengeh Mahmoud Saberi said 493,763 tons of non-oil goods were exported from the southern port in the first seven months of the current…
Economy
The South Korean ambassador to Iran said Seoul is shifting focus from trade to investment in Iran.
Kim Seung-ho also told Mehr News Agency in an interview that Seoul is looking beyond…
Economy
Some 800 people have become unemployed following the recent earthquake in the western Iranian province, while the natural disaster has caused the indirect unemployment of 1,500 people, the…
Economy
The 14th International Exhibition of Metallurgy, also known as Iran Metafo 2017, is scheduled to be held from Dec. 4 to 7 in Tehran’s International Fairground.
Economy
Minister of Industries, Mining and Trade Mohammad Shariatmadari has reappointed Mehdi Karbasian as the head of Iranian Mines and Mining Industries Development and Renovation Organization and his…
Economy
Tehran is hosting the 17th International Exhibition of Home Appliances that opened on Thursday and will run through Nov. 28.
“Our home appliances industry accounts for 0.7% of the…
Economy
The results of a study by Majlis Research Center show out of six subcategories of transportation, “road transport” has the highest direct job creation coefficient among 35 economic sectors.
Economy
