Economy

Head of the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO), Mehdi Karbasian says as of April 21 copper cathodes will only be sold at the Iran Mercantile…

Vietnam’s ambassador in Iran, Nguyen Hong Thach visited Iran Tractor Manufacturing Company (ITMCO) in the northwestern city of Tabriz and met with company’s managing director to assess the…

The second development phase of Zarshooran gold mine in West Azerbaijan Province has started, with the capacity to produce 3 metric tons of gold bullion per year, the Iranian Mines and Mining…

Close to 234,000 tons of various grades of bitumen was offered by local suppliers on the export trading floor of Iran Mercantile Exchange (IME) on Tuesday trading.

Minister of Roads and Urban Development, Abbas-Ahmad Akhondi says the government is planning to implement railway electrification system for all railways in the southern and southwestern regions,…

Iran imported wheat grains worth $2.22 billion in the 11-month period that ended on February 21, which accounted for the largest share of Iran’s total imports (4.6%) during the period, ISNA…

As much as 20% of Iran’s demand for red meat is provided by nomads who produce about 175,000 tons of red meat every year, an official at the Organization for Nomadic Affair, Mirvali Safarzadeh,…

Holding exhibitions, including seasonal events, where goods are sold at lower prices than the market, is among the most effective tools of business in today’s world. Such events would meet…

Head of Iran International Exhibitions Company (IIEC), Hossein Espahbodi was appointed by the Global Association of the Exhibition Industry as the deputy for the Middle East and Africa…

Minister of Industry, Mine and Trade, Mohamamd-Reza Nematzadeh welcomed expansion of bilateral cooperation between Iran and the Republic of Tatarstan, in a meeting with Tatar President Rustam…

Although Iranian commodities are well received in the Iraqi cities such as Najaf, Karbala and Baghdad, they are not properly presented in the Iraqi market, a senior official at the ministry of…

More than 1.03 million automobiles were manufactured in eleven months of the outgoing Iranian calendar year (March 21-February 19), to register a 58.2 percent increase compared to the same period…

Pineapples, bananas and coconuts, were the only fruits imported during the outgoing year (to end March 20), Mohamamd-Reza Naderi, the deputy for customs affairs in the Islamic Republic of Iran…

Iranians smoke 60 billion cigarettes a year, 38 billion of which are produced domestically, 10-14 billion are legally imported and the rest are smuggled, Ali Asghar Ramzi, an official in the…

A comparison of Iran’s revenues from three types of taxes, namely income tax, goods and services tax and taxes on international trade, with those of other countries over the past decade, reveals…

A new government-sponsored website has come online in the weeks running up to the Iranian New Year period. Called eshopfest.ir the new temporary website hopes to promote the use of online shopping…

In the next Iranian year (starting March 21) unified check books will be issued using an integrated system known as ‘Sayyad’, said Central Bank of Iran’s (CBI) head of communication and…

Iran’s largest mobile network provider has won an award for its contribution to the development of knowledge-based industries. Mohammad Atoofi, director of marketing and sales at MCI, was on hand…

T he Azadi bullion coin rebounded from a three-month low on Monday due to gold’s rise in the global arena as the dollar rally paused.

But gold and Azadi remained near a three-month low…

The manager of the Central Bank of Iran’s printing department has announced that the bank will print new versions of the 50,000 banknotes and 500,000 rial Iran Checks, which (like hard cash) are…

Bank Melli Iran has provided 18 trillion rials ($645 million at official exchange rate) in interest-free loans between March 21, 2014 and March 6, 2015, IRNA reported.

The Tehran Stock Exchange (TSE)’s gauge briefly rebounded at Monday’s close to change the equity market’s dented sentiment, with all indices settling in green.

French automaker PSA Peugeot Citroën and its Iranian counterpart Iran Khodro (IKCO) recently reached a new agreement, but some believe IKCO should adopt a tougher approach in order to prevent…

The Chinese ambassador in Iran, Peng Sen, vowed that his country would soon solve the financing problems with the People's Bank of China, Sinosure, and China Development Bank to help facilitate…

The Iran Mercantile Exchange (IME)’s export trading floor featured 100,000 tons of iron ore concentrate, with the base price of $24 per ton, offered by Sangan Iron Ore Complex at Monday trade.…