Cheap labor has given India and Pakistan a chance to grab hold of a market that Iran used to be a byword for: the hand-woven rug market, said the head of the Sellers of Hand-Woven Carpets Guild.…
Economy
The first specialized exhibition of Iran in Nigeria was held with delay, as Nigeria failed to keep up with its promises of discharging the commodities shipped from Iran to the African country,…
Recently the price of saffron skyrocketed by about 20 million rials ($600) per kg to reach 70 million rials. The primary reason behind this price hike does not seem to have been lack of supply or…
Iran’s Civil Aviation Organization has announced the acquisition of 17 trainer aircraft by the private sector over the past Iranian year (ended March 20).
The goods and services Consumer Price Index for urban areas increased 14.2% in the 12-month period ending June 21, which marks the end of the third month of the Iranian year Khordad, compared to…
More than 460 billion rials ($15.76 million at official exchange rate) have been allocated to the expansion of Mehran Border Terminal on the Iran-Iraq border in preparation for Arbaeen—a religious…
The Iranian market will be welcoming yet another Chinese car as the country's second largest carmaker, Saipa, has begun sales of the 'Eado ' model—a compact four-door sedan produced by Changan…
A Chinese delegation visited Borujerd in the western province of Lorestan to assess investment opportunities on Tuesday. They toured the facilities of automotive factories in Borujerd, Fars News…
If international negotiations over Iran's nuclear agreement conclude by next week, Iran will again become a crucial market for PSA Peugeot Citroen, according to a French auto magazine.
L'…
Based on the latest report by the World Steel Association, Iran saw a 5.1% growth in crude steel production over the first five months of 2015 vis-à-vis the same period last year.
The…
The budget law for the current Iranian] year (started March 21) has projected 750,000 billion rials ($25.8 billion) and 130,000 billion rials ($4.48 billion) in tax and customs revenues…
The government has allocated 100 billion rials ($3.4 million at official exchange rate) for the maintenance of the road connecting Tehran to the city of Chalous in northern Mazandaran Province,…
The home appliance market is facing a drastic slump as the products are stocked up in factories while retailers are completely out of business, Mehr News Agency quoted the head of Home Appliance…
Iranian companies are managing $4.2 billion worth of housing, cement and oil projects in Iraq, according to Iran’s commercial attaché to Iran, Mohammad Rezazadeh.
Market analysis shows that enough rice has been stored, therefore the ban on import of this staple will remain in force, announced an official with the Agriculture Ministry. Market Adjustment…
Medical products, including but not limited to medications and treatment kits, are not subject to value added tax, said the deputy head of Iranian National Tax Administration. Therefore,…
Fifty-two tons of prawns produced by five companies in West Azarbaijan Province will be exported to European countries, including France, Germany, Italy and Armenia, said the provincial head of…
Conforming to the principles of Resistance Economy is a key aspect of the sixth five-year economic development plan (2016-21), director general for planning at Trade Promotion Organization of Iran…
In a joint session in Tehran, Askar Mamin, the minister of transport and communications of Kazakhstan, and Mohammad Gharavi, the head of Islamic Republic of Iran Railways Transit Committee, agreed…
The import tariff on black chador (a full-body cloak worn by many Iranian women) has seen a 450% rise recently jumping from 10% to 32%, according to deputy head of the Association of Chador…
Low demand in domestic steel market and the slump in steel prices over the past one year have dramatically reduced the prices of scrap iron as a vital material for steel production.
Tuesday trade at Iran Mercantile Exchange saw the offering of about 60,000 tons of polymers by local petrochemical complex on the oil and petrochemical trading floor.
Iran Fara Bourse’s main index IFX surged 10.54 points or 1.46 percent at Tuesday’s close to end at 734.17 and catch up with Tehran Stock Exchange. As IFB reported, more than 537 million securities…
Almost 71-percent of the listed companies at Tehran Stock Exchange outperformed on Tuesday to help the benchmark rise 562 points or 0.87 percent to stand at 64,838.5.
The National Iranian Copper Industries Company has signed a cooperation agreement with the Mining Investment Insurance Fund to protect private producers of copper concentrate, IRNA reported.
