Iran became self-sufficient in steel production in 2009 and a year earlier, it produced 7.5 million tons of direct reduced iron (DRI). The country accounts for 13% of global DRI production and 41…
Economy
The administration has banned the import of rice and sugar in a bid to support Iranian producers and control supply and demand, an official in Iran Chamber of Commerce, Industries, Mines and…
Iran on Wednesday rejected a report by the Food and Agriculture Organization (FAO) on the country's reduced grain production in the farming year which ended September 30, 2014.
Iran and Vietnam have signed memorandums of understanding on expansion of economic cooperation, IRNA reported on Wednesday.
In his visit to Tehran, the Vietnamese Deputy Prime Minister,…
The Export Development Bank has allocated $300 million to boost Iran’s exports to Iraq, Head of Iran-Iraq joint chamber of commerce, Jahanbakhsh Sanjabi Shirazi, said in a seminar dubbed ‘…
During the past two years, reciprocal visits by Iranian and Russian officials and regional consultations have increased in a bid to expand bilateral relations. However, the economic cooperation…
The intelligence minister says his ministry has plans to increase economic security for both Iranian and foreign investors. Mahmoud Alavi said those who start a production company should not…
A member of coordination council at Iran Automobile Parts Manufacturer Association (IAPMA) told ILNA on Tuesday that the high amount of cheap car parts imported from China has left no hope for…
The Turkish government has decided to increase border crossing fees for Iranian trucks after 20 years, triggering a debate with Iranian officials.
Top officials from the Iranian capital market are set to officially launch the long-awaited pilot post-trade portal on October 26.
“The portal has been developed based on lessons learnt…
The value of transactions conducted via electronic banking services in the past six months was 4,261 trillion rials ($160 billion), said a board member of Pasargad Bank on Sunday. The figure is 15…
About 55 grades of polymers of 18 petrochemical complexes were offered at the Iran Mercantile Exchange on Tuesday, the IME’s international affairs and public relations reported.
More than…
The stock market’s main benchmark, the TEDPIX, stood in green as most of the indices contributed to the current uptick, with car manufacturers and auto spare parts industries helping the TEDPIX to…
The government along with the parliament has proposed 3 formulas to determine the long-run price of petrochemical feedstock, though the oil ministry believes that a joint meeting with…
As one of the biggest fairs in the Middle East, the 13th International IRAN HVAC&R 2014 will be held on 17-20 Oct at the Tehran international permanent fairground, IRIB reported.
Iran incurs millions of dollars in damages thanks to the 22-year blockage of cargo transit via Jolfa railway, secretary of the high council of free zones, Akbar Torkan, said yesterday.…
The government plans to increase non-oil exports to $61 billion in value by March 2015 from the present $28 billion, the deputy chairman of the Trade Promotion Organization of Iran told MNA on…
A second cargo of Iranian passenger cars, containing 12 Samand sedans manufactured by Iran Khodro Industrial Group (IKCO) entered Niger to be used in VIP services, Mohammad Nikkhah, Iran’s…
Twelve million people are estimated to live in Tehran at night. During the day, that number increases to about sixteen million. With a daily in- and outflow of more than four million, it is no…
President Hassan Rouhani says he will try his best to fulfill his campaign promises with the help of the private sector and the public.
The South African government is willing to expand mining cooperation with the Islamic Republic of Iran, the South African ambassador to Iran, Archie Whitehead, said during the 3rd annual Iran…
The second biennial international conference on banking industry and global economy (ICOBIGE) with a focus on banking systems and emerging economic environment is to be held on October 21-22, in…
The minister of economic affairs and finance has called on the Islamic Development Bank (IDB) to accelerate the project approval process.
Iran needs to invest on its insurance infrastructure if it wants to increase the amount of foreign investment inflow from Europe, the United States and Asia, said an official of the United…
Tejarat Bank’s stockholders ratified a new statute in their Extraordinary General Assembly meeting on Sunday, the bank’s public relations office reported.
Over 93 percent of stockholders,…
