Economy

Automotive companies have been clearing some of their long-standing debts to auto part suppliers, even though they have been complaining of being hit by recession and unable to recover their money…

According to a recent agreement reached between the IME and steel suppliers, the steel market is expected to reach equilibrium in terms of supply and demand; SENA quoted Hossein Panahian, SEO of…

Anguran mine in Zanjan province extracted nearly 17% more zinc and lead in the first ten months of the current Iranian year (to end March 20) than the similar period last year, based on a report…

The two key private associations in the iron ore and steel sectors formed a joint council, in a bid to address the steel industry issues and boost production in line with the country’s Vision Plan…

Tehran Stock Exchange (TSE)’s overall index snapped 3 days of losing streak at Saturday’s close, after Brent crude oil prices hit their highest level so far this year.

Major iron ore companies produced more than 21.32 million metric tons of iron ore concentrate during the first ten months of the current Iranian year (a period spanning from March 21, 2014 to…

Nearly 60% of shares of an ochre (red soil) mine on the southern Hormoz Island in Hormozgan province were offered to the island’s residents during a ceremony attended by provincial officials on…

Iran’s annual import of drugs and pharmaceutical products currently stands at nearly $1 billion, said the head of Iranian Pharmaceutical Importers Association, Nasser Riahi, ISNA reported.

Iran Financial Center (IFC) in collaboration with the Central Securities Depository of Iran (CSDI) will organize the first Mergers and Acquisitions (M&A) Conference on February 16 to enhance…

Stocks thrashed amid lingering fears over the outcome of nuclear talks, and the limping economy, with the Tehran Stock Exchange (TSE)’s benchmark tumbling more than 1.4 percent during the week…

An exhibition of Iranian products will be held in the Iraqi capital Baghdad, from February 16 to 19, IRNA reported.

Domestically manufactured home appliances meet 75 percent of local needs, said Habibollah Ansari, secretary general of the Home Appliance Association, as reported by ISNA on Friday. The official…

Housing prices are not expected to increase in the coming Iranian calendar year (starting March 21), deputy minister of roads and urban development Hamed Mazaherian told ILNA on Friday. While the…

Almost a decade after the idea of preferential trade was first proposed, Iran penned its first preferential tariff agreement (PTA) with Turkey when the Turkish Prime Minister Recep Tayyip…

The private sector is gearing up to engage in the economy and trade with foreign countries following “a dignified nuclear agreement in which Iran’s national interests are observed and acknowledged…

Multinational companies from Europe are forging an alliance to overtake their US rivals in trade with Iran as the ongoing nuclear talks between Iran and the world’s six major powers could…

Iran’s current $2.5-billion share in the $10-billion Afghan market can be increased to $6 billion in the near future, Farhad Mojallali, an official in Trade Promotion Organization said, according…

A majority of Iran’s population are youngsters, less than 35 years, who are considering getting married. This is good news for Iran’s wedding planning industry, but after years of government…

Benchmark bullion coin, the Azadi, had a rough trading week. It ended the Iranian week lower on account of a sharp drop on Saturday (Feb. 7), as international price fluctuations and Iran’s foreign…

A  Tehran based investment firm in January announced that it has created Iran’s first exchange-traded fund or ETF specifically for international investors, excluding the US.

The…

The Gold Expo 2015, known as an international exhibition of gold, silver, jewellery, watch and related industries, kicked off in Tehran on Thursday.  About 130…

Iran is the 10th biggest producer of chicken meat in the world, Homayoun Darabi, the head of chicken farmers union said in a news conference on Tuesday. With more than 2 million metric tons of…

The government has transferred all its authority in the tea sector including imports, exports, production, selling, and trade, to Iran Tea Organization, government spokesperson Mohammad Bagher…

Turkmen traders owe more than $10 million to 137 of their Iranian counterparts, Mohammad Samadi, an official in the ministry of industries, mine, and trade said in a news conference on Tuesday.…

The northeastern province of East Azarbaijan exported $200 million of agricultural products in the first 10 months in the current year (March 21-January 20), Karim Mehri, the head of the province’…