Although Iran and Azerbaijan have made considerable efforts for connecting the two countries through railroads, it appears that the mission is unlikely to be completed by 2020.
Tehran…
Economy
Economy
Iran exported 1.2 million tons of non-oil goods worth $497.5 million to Pakistan during the eight months to November 20, registering a 30% increase compared with last year’s corresponding period…
Economy
Home appliances market in Iran is worth 200 trillion rials (more than $4.95 billion at market exchange rate). Domestic production accounts for only a quarter of this sum and the rest is dominated…
Economy
At present, 80% of domestic demand for food products are met through domestic production, a deputy agriculture minister said.
"The figure stood at 55% when President Rouhani first took…
Economy
Iranian aviation is being revitalized with the long-term prospects of reestablishing a global hub in Tehran.
Economy
Gold options trading started on Iran Mercantile Exchange on Wednesday. The options are being traded through brokers for the time being but, according to IME CEO Hamed Soltani-Nejad, their…
Economy
A 10-member delegation of Mobarakeh Steel Company of Iran is in Karachi to examine the possibility of acquiring Pakistan Steel Mills, Pakistan Today reported.
Secretary of Industries and…
Economy
The recent news about a possible cut in the import duty on flat steel products entering Iran has led to a halt in trading, Metal Bulletin learnt on December 28.
The exact date when the…
Economy
With the surge in foreign exchange rates in Iran cell phone prices have shot up 15% in just two weeks. Head of Iran’s Telecommunications Guild, Gholamhossein Karimi, in an interview with…
Economy
Changing Iran’s official monetary unit from rial to toman would cost a hefty 30 trillion rials ($922.7 million), announced the head of Majlis Economic Commission.
Economy
A private-sector representative has welcomed the Central Bank of Iran’s recent decision to allow banks to handle foreign exchange transactions at a free-market rate by calling it a “good…
Economy
Iranian insurance firms generated 21.7 trillion rials ($525.9 million at market exchange rate) from selling life policies during the eight months to November 20, marking a 37.19% growth compared…
Economy
Azerbaijan intends to expand banking cooperation with Iran, said Azerbaijan’s Economy Minister Shahin Mustafayev. “Banking is one of the most prospective fields for the expansion of Azerbaijani-…
Economy
The government of President Hassan Rouhani is among the world’s top five in generating an annual average of 704,000 jobs, a senior presidential advisor said.
“But this extraordinary…
Economy
Earlier this month, Boeing signed a deal with Iran Air for 80 jetliners valued at $16.6 billion. However, on December 25, Iran Air revealed that it has negotiated to pay only half the announced…
Economy
Close to 25,000 tons of red meat and 50,000 tons of chicken have been stocked to adjust prices in the domestic market, says the CEO of Livestock Affairs Support Company, affiliated with the…
Economy
Tehran Stock Exchange’s main index lost 109 points or 0.14% to end Wednesday trade at 79,691.8.
More than 1.1 billion shares valued at $55.2 million changed hands for the day.
Tehran…
Economy
Twenty-three illegal online providers of stock market analysis and investment services have been blocked by Securities and Exchange Organization, SEO’s deputy for legal and securities affairs,…
Economy
The average inflation rate for the Iranian month Azar (ended December 20) stood at 8.6% almost unchanged compared to the previous month, implying that the indicator may be putting the brakes on…
Economy
The videogame market in Iran is worth 2 trillion rials (more than $48.4 million at market exchange rate) per month, while Iranian producers and games account for less than 5% of this sum,…
Economy
The National Confederation of Entrepreneurs Organization of Azerbaijan and the Iran Chamber of Commerce, Industries, Mines and Agriculture have signed a memorandum of understanding.
The…
Economy
Swedish Prime Minister Stefan Lofven is scheduled to visit Iran at the head of an economic delegation next February, said Swedish ambassador to AIran Helena Sangeland. She made the announcement in…
Economy
Iranian ports loaded and unloaded more than 93.5 million tons of oil and non-oil products during the eight months to November 20, registering a 6.6% increase compared with last year’s…
Economy
Tehran is hosting an exhibition of domestically-made furniture.
Economy
Iraq plans to link its railroad network with that of neighboring Iran, the state-run Iraqi Republic Railways announced on Tuesday, noting that several international companies had already voiced…
Economy
