Despite last month’s agreement between Iran and the West, which lays out the framework for a possible final nuclear deal in June, the Tehran Stock Exchange has not fared well. The TSE’s…
Economy
Economy
After an eight-year hiatus, the construction of the first phase of South Aluminum Company (SALCO) was launched in the southern Fars Province. The company has the annual capacity of producing 300,…
Economy
Cement is considered as an indicator for development in developing countries since it is a key component of concrete, which is essential to the implementation of infrastructural plans. Despite…
Economy
The Iranian Privatization Organization (IPO) says the winner of the bid to buy the major football club Perspolis will be announced this week, according to the IPO public relations.
Economy
The Iran Mercantile Exchange has decided to gradually shut down the spot market (physical marker) by the end of the current Iranian calendar year (March 19, 2016) in a bid to pave the way for…
Economy
Lingering jitters weighed on the Iran Fara Bourse overall index (IFX) amid a lower trade volume during the week that ended April 29, IFB public relations reported.
More than 1.31 billion…
Economy
Another week of increased volatility in Tehran Stock Exchange (TSE) pushed the TEDPIX down as lucrative Initial Public Offerings (IPO) failed to shake off the lingering ambiguities to spur…
Economy
Electric car pioneer Tesla unveiled a "home battery" Thursday, which, according to its founder Elon Musk, could help change the "entire energy infrastructure of the world."
According to AFP…
Economy
US auto industry sales in April came in below expectations as Asia's major carmakers' results disappointed, offsetting strong gains for trucks and SUVs made by General Motors and Ford, Reuters…
Economy
Renault India rolled out its first multi-purpose vehicle (MPV) - the Lodgy - in India earlier in April, and the company is now planning to launch an 800cc small car to take on Maruti Alto 800 and…
Economy
General Motors, previously owned by the US and Canadian governments, has confirmed it will cut 1,000 jobs at its Oshawa, Canadian assembly plant, even as it announces $5.4 billion in investment in…
Economy
Ford Motor Company said it was expanding a recall to include 156,000 more vehicles to fix a potential door latch malfunction, according to Reuters. The recalls include certain Ford Fiesta, Fusion…
Economy
After seven consecutive days of downbeat performance, the Tehran Stock Exchange’s overall index notched up 0.19 percent at Wednesday close, with contribution from the second market index.
Economy
Golgohar Mining and Industrial Company offered around 100,000 tons of iron ore, priced at $27 per ton, on the Iran Mercantile Exchange export trading floor on Wednesday trading, IME’s public…
Economy
For more than two years now the issue of ‘mining royalties’ has been in the limelight amid heated debates between the government and two major iron ore mines namely Golgohar, in the southeastern…
Economy
The Geological Survey of Iran (GSI) has discovered lithium deposits in Namak (salt) Lake near the city of Qom, said deputy director of GSI, Behrouz Borna, Eghtesadnews reported.
Economy
The regulator lowered the cap on interest rates offered by banks, in a bid to boost business lending.
After being pushed by various groups to increase business financing, the Money and…
Economy
A double-urgency motion asking for further clarification on an article of the Monetary and Banking Act was approved by the parliament on Wednesday. Under the new approval, Article 39 of the…
Economy
Iranian companies starved of foreign currency are planning sales of dollar-denominated sukuk as soon as sanctions are lifted, Bloomberg reported on Wednesday.
Economy
Chairman of the National Development Fund of Iran Safdar Hosseini said the fund’s officials are eager to collaborate with other national wealth funds across the world, a move he hopes can help…
Economy
The United States exported $30 million worth of goods to Iran during the first two months of 2015, which indicates a 24 percent increase compared to the corresponding period of the previous year,…
Economy
About 906,000 metric tons of glass, valued at $3 million, was exported from Qazvin province during the past Iranian year (ended March 20), which shows close to 36% decline compared with the…
Economy
Dairy producers of Iran as well as those of India may start supplying hard cheese to Russia, Tass news agency quoted an aide to the Russian agricultural watchdog chief, Alexey Alekseyenko as…
Economy
Iran Veterinary Organization (IVO) has issued import licenses for Indian buffalo meat to industrial food processing units only and wrongdoers who have let raw buffalo meat directly into the market…
Economy
Deputy cooperatives minister for social affairs, Ahmad Meydari, in a meeting with Mexican ambassador to Tehran, Ulises Canchola Gutierrez, called for expansion of South-South cooperation – a term…
Economy
