Domestic canned olive production is expected to decline by 30-40% in the current Iranian year (March 2016-17), due to the cold spell experienced at the beginning of the year, according to Iran…
Economy
Economy
Some 4,000 Iranian companies are doing business in Georgia, says Iran’s Ambassador to the Eurasian country, Abbas Talebifar. “Most of these companies have invested in the agriculture sector,” the…
Economy
Iran exported 493 million tons of non-oil goods worth $33.8 million to Qatar during the first four months of the current Iranian year (March 20-July 21), registering a 33.5% drop in value compared…
Economy
Shiraz International Airport is in talks with Austria to establish directs flights between the capital of southern Fars Province and Austria.
“We’re in talks with international airline…
Economy
Iran’s inflation will bounce back to 12-13% in the next fiscal year (starting March 21, 2017) due to the high monetary expansion rate, says economist Saeed Leylaz.
The 50-year-old Shahid…
Economy
The Economy Ministry settled dues by paying 9.96 trillion rials ($280 million at market exchange rates) of Islamic Treasury Bills on Sunday. These were the second batch of such bills ever offered…
Economy
About 8% of Iran’s population have securities trading codes, says Mohammad Reza Mohseni, the head of Central Securities Depository of Iran. There are 4.6 million men and 2.1 million women…
Economy
Iran Fara Bourse is increasing its capital by 75% to 700 billion rials ($19.7 million at market exchange rate).
The over-the-counter market is raising 300 billion rials, only 20 billion of…
Economy
The subsidiaries of National Iranian Copper Industries Company, including Sungun, Miduk and Sarcheshmeh copper complexes, extracted more than 64.4 million tons of copper ore in the first…
Economy
Iranian exchanges need a major overhaul to attract foreign investors, as the systems running Iran’s exchanges are “antique” compared to other advanced markets, Jochen Thiel, managing director of…
Economy
Iran Mercantile Exchange witnessed the trading of 764,312 tons of commodities valued at $305.5 million in the trading week that ended on September 8, indicating a 10% and 9% growth in trading…
Economy
More than 12.4 million tons of iron ore concentrate were domestically produced in the first five months of the current Iranian year (March 20-August 21), registering a 20% rise compared with…
Economy
The Iranian steel market has recovered slightly over the past week, despite stagnation, although such rallies rarely last for long, UK-based specialist international publisher and information…
Economy
Tehran Stock Exchange’s main index inched up by 3.60 points or less than 0.01% to end Sunday trade at 76,643.9.
More than 390 million shares valued at $22.5 million changed hands for the…
Economy
Head of Treaty London and head of Iran for Matrix Insurance which has recently opened an office in Tehran says Iran represents a great opportunity in the insurance market.
Economy
Establishment of a specialized bank for the oil industry in cooperation with contractors could help solve the sector’s funding problems, said Bahaedin Husseini, a former banker. He says the…
Economy
In its latest report mapping out the economic performance of the country during the previous fiscal year that ended in March, the Majlis Research Center has identified three major challenges…
Economy
SAIPA has announced the price at which Pride and Tiba are being sold in Iraq and Azerbaijan.
A Pride without airbags or a Euro-II engine, neither ABS brakes nor third-party insurance is…
Economy
Three in four British drivers are worried that the introduction of driverless cars will spell the end of road etiquette, research shows.
The survey by uSwitch.com found that 75% of the UK’s…
Economy
Urmia, the second largest city of West Azarbaijan Province, hosted the First Urmia International Auto Exhibition.
The event, which concluded on September 9, featured national and…
Economy
SAIPA’s new Saina automatic will be available in the market by the end of the current Iranian year (March 20, 2017). The price of the new model has been estimated at 320 million rials ($9,…
Economy
Iran currently holds a 20% share in the global markets for hand-woven carpets, Seyyed Razi Haj-Aqamiri, a board member at Tehran Chamber of Commerce, Industries, Mines and Agriculture, said.
Economy
Statistics by Food and Agricultural Organization on food waste in Iran are staggering.
According to these figures, 1.3 billion tons of food, mainly fruit, vegetables, fish and grains, are…
Economy
Russia’s rolling stock and defense group Uralvagonzavod (UVZ) Research and Production Corporation has started shipping its rail carriages to Iran, CEO Oleg Sienko announced on Friday. He said 600…
Economy
Iran has expressed interest in participating in the China-Pakistan Economic Corridor Project (CPEC), terming it one of the biggest projects of the region. Iran’s Ambassador to Pakistan Mehdi…
Economy
