Iranian cement producers exported about 4.4 million tons of cement and clinker–the main material used in the manufacture of cement–during the first four months of the current Iranian year (March…
Economy
Economy
Steel mills in Iran produced 10.1 million tons of crude steel during the seven months of 2016, which shows a 4.9% growth compared to the corresponding period last year, according to a preliminary…
Economy
Entering regional markets, which for variety of reasons was previously neglected or out of reach, is a goal now pursued by Iranian traders. The international sanctions, on the one hand,…
Economy
The balance in the Caucasus is changing. With Iran emerging from the malaise of sanctions, it is reaching north and becoming more assertive. Russia, too, is changing tack, aligning with…
Economy
Toyota said on Friday it restarted its Venezuelan factory after six months without producing vehicles because of hard currency shortages, good news for the South American nation suffering a…
Economy
Mega Motor and SAIPA, the country’s second largest carmaker, plan to harmonize their activities to maximize their production and efficiency, the managing director of Mega Motor, one of the main…
Economy
Iran’s first automotive college will be established in Payam Special Economic Zone in Alborz province, west of Tehran.
Economy
The continued production of old car models such as Peugeot 405 and Pride at Iran Khodro Company and SAIPA is illegal.
A guideline for improving the quality of passenger vehicles was passed…
Economy
Atlas Khodro, the sole representative of Kia Motors in Iran, has been ranked the best company in providing after-sales services. In the recent ranking published by Iran Standards and Quality…
Economy
Despite persistent warnings and strict regulations, the smuggling and sale of banned foreign fruits including Egyptian orange, African and Brazilian lemon and Turkish avocado and cornelian cherry…
Economy
Tehran has topped the list of world cities that have achieved biggest improvements in livability over the past five years, as calculated by the Economist Intelligence Unit. The scores were…
Economy
South Korean manufacturer of rolling stock, defense products and plant equipment Hyundai Rotem has collected 83.5 billion won (about $75 million) in outstanding payments from a railway project in…
Economy
A trade delegation of representatives from the public and private sectors is scheduled to visit Oman in mid-September, said the deputy head of the Trade Promotion Organization of Iran Mohammad,…
Economy
More than 327,000 tons of watermelon worth almost 1.7 billion rials ($47.9) were exported during the first four months of the current fiscal year (March 20-June 20), registering a 6% rise in…
Economy
Iran exported 570,600 tons of non-oil goods worth $182.8 million to Turkmenistan during the first four months of the current Iranian year (March 20-July 21) -- a 27% decline in value compared to…
Economy
The Italian Danieli group, which is one of the world’s largest suppliers of equipment and plants to the metal industry, is set to revamp Khorasan Steel Company’s electric arc furnace technology to…
Economy
Equities continued to slide last week finishing the six-week rally that saw stocks rise to their highest since March on Aug. 7. Even the publishing of better-than-expected first quarter growth…
Economy
Syrian Prime Minister Imad Khamis and Iranian deputy economy minister, Farhad Zargari, in a meeting in Damascus on Wednesday discussed ways to expand cooperation, namely in the economic spheres.…
Economy
One of the world’s leading maritime exhibitions, Rotterdam-based Europort has become the official and exclusive international partner of the 18th Marine Industries Conference and Iran…
Economy
Iran’s pharmaceutical industry has found itself in a catch-22. On the one hand, the country is trying to grow its pharmaceutical exports and attract investment in the industry. But on the other,…
Economy
Cement produced by Qayen Cement Company has replaced bitumen as the main construction material for Qayen-Birjand Highway, the Persian-language newspaper Donya-e-Eqtesad reported.
The…
Economy
Islamic Republic of Iran Shipping Lines and Skuld on Thursday signed an agreement to start cooperating on marine coverage. The Norwegian insurer also agreed to hold training courses for IRISL’s…
Economy
The Central Bank of Iran has never approved banks engaging in speculative and non-banking activities, said the CBI’s deputy for supervisory affairs on Thursday.
Economy
The banking system will start issuing credit cards to gradually meet the customers’ needs for small loans and help pull "the real economic sectors" out of the prolonged recession, a statement by…
Economy
All banks registered in Iran’s banking network are now authorized to sell housing bonds, announced a member of Money and Credit Council, a decision-making body.
Economy
