A private Russian wagon manufacturer is set to provide Iran with 500 freight wagons through leasing contracts, head of the Islamic Republic of Iran Railways announced on Wednesday.
Economy
Economy
Tehran Stock Exchange’s all-share index TEDPIX jumped 444.40 points or 0.67% to end Wednesday trade at 66,562.5.
More than 1.5 billion shares changed hands valued at $82.8 million with…
Economy
Demand for spices is ever-growing, especially due to their medicinal properties and widespread use in cooking.
Spices such as peppers, turmeric, ginger, cinnamon, cumin, cloves, garlic and…
Economy
Iran Mercantile Exchange’s industrial and mining trading board witnessed the supply of 80,000 tons of steel slabs by Khuzestan Steel Company at the base price of $0.3 per kg on Wednesday.
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Economy
International law firm Simmons & Simmons has acted on the restructuring of the Sturgeon Central Asia Fund to enable it to be one of the first funds to invest in Iran.
Economy
Iran's Oil Ministry cut the price of natural gas fed to the petrochemical industry by 38.5% to less than 9 cents per cubic meter on Saturday, sending most petrochemical stocks up while some lost,…
Economy
More than 134 kg of 24-carat gold bars with an average purity of 99.8% as well as over 100 kg of silver were produced by Zarshouran Mining and Industrial Complex from March to December 21, 2015,…
Economy
Pakistan has decided to initiate a free trade agreement with Iran following the lifting of sanctions on Tehran. In a meeting with the newly-appointed Ambassador of Iran to Pakistan Mehdi…
Economy
Kabul has called on Tehran to review the state of its trade ties with Afghanistan and move toward investing and establishing production factories in the country, instead of regarding it as an…
Economy
Although the UAE lately downgraded its diplomatic ties with Iran in the wake of tensions between Riyadh and Tehran, many believe the opportunities arising from the recent removal of western…
Economy
After the United States and the European Union announced on Saturday the end of Iran’s sanctions, the Brazilian government estimates that trading between the two countries will triple over the…
Economy
Russia is ready to set up a “green corridor” to trade agricultural products with Iran, Russian minister of agriculture said.
Alexander Nikolayevich Tkachyov made the statement after meeting…
Economy
An Italian construction group said on Tuesday it had signed a preliminary agreement with Iran to build five hospitals, just after the lifting of economic sanctions against Tehran in a deal over…
Economy
Lord Lamont has been appointed the UK’s trade envoy to Iran as part of a wider government attempt to reverse Britain’s underwhelming record of exports. The appointment of the former chancellor to…
Economy
Minister of Industries, Mining and Trade Mohammad Reza Nematzadeh has outlined four conditions that must be observed by foreign auto companies wishing to set up business in Iran. Firstly, the…
Economy
Three of the most prominent trading families in Iran have dispatched requests to Volkswagen in hopes of obtaining legal representations of the German brand while others hope the carmaker would set…
Economy
Renault has recalled 15,000 diesel-powered cars to update their emissions filters, France's environment minister said on Tuesday, describing the current filters as inadequate in warm weather.
Economy
Kerman will host an auto exhibition on January 26-29, said the organizer of the event. "The expo will be held at Kerman's Permanent Fairgrounds," YJC also quoted Mostafa Hamidian as saying.…
Economy
The Istanbul Chamber of Commerce (ITO) is seeking to expand Turkey and Iran’s trade ties, the chamber announced in a press statement on Monday.
“We need to bring our commerce and…
Economy
President Hassan Rouhani said Tuesday the time has come for government downsizing and reducing its footprint in economic affairs. So long as the government maintains its strong grip on the economy…
Economy
Valiollah Seif, Central Bank of Iran’s governor said on Tuesday Iran has transferred some of its freed assets from banks in Japan and South Korea to other banks in Germany and the UAE.
Economy
Central Bank of Iran and Russia’s Union Card Company are planning to connect the two countries’ payment systems and issue joint bank cards. The Central Bank of Russia also announced Monday that…
Economy
Commerzbank is reviewing the possibility of returning to Iran, less than a year after agreeing to pay $1.45 billion to settle sanctions violations tied to the country.”Commerzbank is monitoring…
Economy
The Lloyd's of London insurance market said on Monday that from a European Union perspective its managing agents can now provide insurance and reinsurance for the transportation of Iranian oil and…
Economy
Iran Mercantile Exchange’s oil and petrochemical trading board witnessed the supply of 61,276 tons of polymers, 70,586 tons of bitumen and 100 tons of benzene on Tuesday. The IME's export trading…
Economy
