Economy

With development in rapeseed cultivation, it is expected that 50-60 percent of the country’s vegetable oil consumption will be produced domestically within the next ten years, deputy agriculture…

The government has licensed a private company to construct and operate a 206-kilometer highway linking Hamedan and Kermanshah —the capital cities of two adjacent provinces with the same name.

Mobarakeh Steel Company (MSC), in a joint project with major auto manufacturer Iran Khodro, has produced more than 4,000 metric tons of high tensile steel (technically known as IF or interstitial-…

The operational phase of the first copper cathode production plant in Tehran Province has been launched following the completion of exploration and feasibility studies, the Financial Tribunes…

Tehran Stock Exchange gauge recorded an unprecedented drop on Monday trading as lingering ambiguities kept slashing expectations and pushed t he TEDPIX to shed more than 672 points.

I ran will soon be hosting international fund managers and investors, who are already gearing up to flock to one of the world’s few untapped markets. However, the country is not fully prepared.

Close to 205,000 tons of goods were offered on the spot and secondary market of the Iran Mercantile Exchange (IME) on Monday trading.

According to IME public relations, about 4,000 tons of…

The Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) has managed to absorb 200 trillion rials (over $7 billion based on official currency exchange rate) in…

New Congestion Zone ID cards can be used in the banking network from May 22. Congestion Zone ID cards for the fiscal year which started March 21, can be used in the public transport and parking…

A lawmaker has downplayed the real effects of the recent decision by the Money and Credit Council to cut interest rates, saying that lack of transparency by certain businesses hampers initiatives…

The recent cut in the deposit rate ceiling, from 22 percent to 20 percent, will probably help send part of the savings to the equity market, an expert has said.

Details of a bilateral currency swap agreement between Iran and Russia was revealed on Monday. The deal was made to settle mutual payments by elimination of the US dollar and euro as trade…

Bureaux de change will get legal status by obtaining official permits from the Central Bank of Iran (CBI).  The director of CBI's regulatory and anti-money laundering office said the move is…

Bank Melli plans to expand its foreign exchange operations, said its chief executive, Abdonasser hemati. The official told the press on Monday that the lender is moving to do so as “mobilizing…

President Hassan Rouhani has called for a national movement to opt for domestic products instead of foreign brands.

For more than 35 years, western sanctions against Iran's aviation industry have forbidden the world's major aviation manufacturing companies to do business with Iran. However now, commercial…

It was hard to assume that private businesses in Iran would one day  deliberate on pumping money into the Syrian market, a market of roughly 23 million people that is all but cut off from the…

All the cigarettes sold in the Iranian market under the brand Marlboro are smuggled as there is yet no official permission issued for the import of this brand, said deputy minister of industries,…

As it was predicted earlier the preferential tariff agreement (PTA) deal between Tehran and Ankara, which came into force in January, is working more to the benefit of Turkey than Iran. Turkey’s…

More than 5 trillion rials ($178.5 million based on official exchange rate) worth of goods was exported from Aras Free Zone (AFZ) during the past Iranian year (ended March 20), recording an…

The Iran Mercantile Exchange’s export trading floor listed the offering of about 32,300 tons of bitumen, 22,000 tons of vacuum bottoms, 3,000 tons of lube-cut oil, and 1,600 tons of sulfur on…

The minister of industry, mine and trade has described the auto, home appliance, steel, cement and food sectors as the country's leading industries.

Iran and Guinea have moved to reactivate a bauxite mining project in the West African country, after a 23-year delay.

Innovations in the window and door sectors have resulted in a surge towards the use of UPVC (unplasticized polyvinyl chloride) in the construction industry, which is rapidly replacing the…

Stocks massively underperformed at Tehran Stock Exchange on Saturday trade, dragging down the overall index to keep wiping out the gains it made earlier this year (started March 21) after a…