Economy

Iran Mercantile Exchange featured granulated iron ore, bitumen, sulfur lumps and roof insulation in a bustling trading day on Monday, IME reported.

The construction sector in Iran has always been a lucrative option for investors and industry owners. Burgeoning demand for buildings and housing units has increasingly led to the need for new…

Producer cooperatives exported $1.1 billion worth of goods in the previous Iranian calendar year (ended March 20), said deputy minister of cooperatives, labor and social welfare, Hamid Kalantari…

Even though trade between Iran and Iraq is booming, the two countries are yet to take full advantage of their vast trade opportunities, said Farzad Piltan, director general of Arab and African…

Minister of Economic Affairs and Finance Ali Tayyebnia met with the United Arab Emirates’ deputy prime minister and minister of presidential affairs, Mansour bin Zayed Al Nahyan, in Tehran on…

According to Iranian Ambassador to Nigeria Saeed Koozechi, Tehran is willing to increase annual trade with Abuja from the current $50 million to $500 million. Koozechi made the remark at the…

Trade between Iran’s northern Mazandaran Province and Mexico could potentially be expanded to $500 million a year, said head of the province’s chamber of commerce, Amir Miran, in a meeting with…

Chances are high that illegally imported fruits contain pests, Mehr News Agency quoted director general at Tropical and Subtropical Fruits Department in the Agriculture Ministry, Abolqasem…

The government has announced that a new domestically manufactured small airplane will become operational by the end of the current Iranian year (March 19, 2016). The new aircraft seats six…

Iran Khodro, Iran's oldest and largest national automotive producer, will start presales of Dongfeng vehicles  in the second half of the current Iranian year (started March 21), the company's…

IKCO has announced it will begin presales of the new Renault Clio 4 hatchback vehicle next month.  

Mostafa Khankarami, made the announcement of the presales of the small Renault on…

Most vehicle assembly plants in Russia are not cost competitive because they are not producing enough vehicles, said Bo Andersson, CEO of Russia’s largest carmaker, AvtoVAZ. Among the plants …

The former deputy of legal affairs at the Central Bank of Iran voiced opposition to a recent decision by the High Council of Statistics (approved on June 9) that the Statistical Center of Iran…

CEO of a private bank has cast doubt on the ability of banks to undertake the new mortgage package, which seeks to stimulate the housing market.

Hassan Motamedi, CEO of Bank Eghtesad-e-…

Iran's ambassador to Azerbaijan announced the establishment of a joint bank in Tehran in the near future for facilitating banking operations and developing investment and trade activities between…

Business Monitor International forecasts the market will become the fourth largest pharmaceutical market in the Middle East and North Africa region by 2024, in terms of market size.

The Central Bank of Iran has ceased manufacturing and selling gold bars after a relative calm returned to the gold market.

CBI began to supply gold bars through Karafarin Bank during the…

Iran’s banking system is grappling with numerous problems, raising concerns over their future. International statistics show that Iran’s ranking in banking management is not very noteworthy.

Iran produces 770,000 tons of honey annually, accounting for only 0.4% of the global honey production, according to an official at the agriculture ministry, Mashallah Jamshidi. The number of…

Member of board at Iran’s Airports Company affiliated to the Ministry of Roads and Urban Development says Iran has purchased autoland  and GPS aircraft tracking systems from an unnamed…

Mohsen Jalalpour was elected as the new chairman of Iran Chamber of Commerce, Industries, Mines and Agriculture on Sunday. The sole candidate for the position, Jalalpour received 354 votes from…

Iran should move toward globalization to achieve economic stability, says chairman of the Education, Culture and Economy Department at Iran’s Chamber of Commerce, Industries, Mines and Agriculture…

At a meeting held in Johannesburg, Minister of Economic Affairs and Finance Ali Tayyebnia and South African Minister of Economic Development Ebrahim Patel stressed the importance of broadening…

First quarter numbers for basmati rice imports from India to Iran–the biggest buyer, accounting for a fourth of Indian sales overseas–are yet to be released, but Indian sources say that volumes…

Tehran Stock Exchange’s main index, TEDPIX, staged a relatively big rally at the beginning of Sunday trading. however, persistent ambiguities in the equity market evaporated part of the gains at…