The global iron ore crisis and the increased mining royalties in Iran have put small and medium iron ore mines, especially those in the northern half of the country, under great pressure, making…
Economy
Deputy governor of East Azarbaijan Province, Davood Behboudi, says the province has great industrial and mineral capacity, holding 1% of the global copper reserves, Mehr News Agency reported.
While the prevailing recession in the construction sector has negatively impacted the market for housing-dependant industries such as construction materials and equipment, increased concern among…
More than 65 percent of companies listed at the Tehran Stock Exchange underperformed, and pushed the TEDPIX to notch a fresh retreat on Saturday trading.
In a meeting held in the city of Mashhad, the capital of the northeastern Khorasan Razavi Province, between provincial officials of the Agricultural Jihad Organization and representatives of…
According to data released by the ministry of industry, mine and trade, domestic production of most home appliances grew over the past Iranian calendar year (started March 20). About 1.9 million…
More than 37% of medical equipment used in Iran has been imported, according to Secretary of Iran Industrial Equipment Manufacturers Association (SATSA), ISNA reported. Imaging equipment such as…
Iran and Canada’s trade relations, once severed by political animosity, is expected to take a new turn with the Iranian private sector gearing up to introduce to the Canadians the possibilities of…
The Iraqi government has officially stepped back from its decision to increase the transit fees imposed on Iranian trucks crossing Mehran border terminal, according to Ilam Province governor-…
The government plans to increase revenues from non-oil exports, including the export of services, to $77 billion by the end of the current Iranian calendar year (started March 21), deputy…
Iranian and Indonesian officials during Iran-Indonesia 11th economic cooperation meeting, which was held in Tehran, called for promotion of bilateral banking, business and investment relations,…
Representatives from 25 countries, including England, Austria, Italy, Germany, Switzerland, France, Japan, China, India, South Korea and the UAE, will participate in Agrofood 2015 Exhibition,…
Renault is hoping to succeed where its alliance partner, Nissan, has stumbled with Datsun by introducing a cheap new hatchback in India with upscale features to challenge the dominance of domestic…
Renault has said it might rethink its investment in Turkey if a labor dispute, which has stopped production at its joint venture Oyak Renault, brings instability, Zaman News reported.…
Mazda, Mitsubishi and Subaru maker said on Friday they would recall about 715,000 more cars equipped with airbag inflators made by parts supplier Takata Corporation, Reuters reported. The recalls…
According to the minister of industry, mine, and trade, the preliminary examinations have been carried out to set up a joint industrial complex with Turkey in East or West Azarbaijan Province,…
Experts believe the housing market, hit by the recession over the past two years, will eventually receive an impetus, as the Money and Credit Council raised the mortgage ceiling on May 19.
I ran’s financial services are struggling to make a profit with brokers having seen their margins fall due to low trading volume. The government has recently stepped in but its involvement is…
Capital market experts have discussed the structure of the newly-established “construction funds” in a gathering held in Tehran at the initiative of Lotus Parsian Investment Bank, the Securities…
While there is ample evidence that banks play favorites when it comes to granting loans to customers, this may not fully explain the scarcity of loans for most applicants in desperate need of…
About 10,000 billion rials (about $360 million based on the official exchange rate) has been allocated to support the agriculture sector, ISNA quoted Agriculture Minister Mahmoud Hojati as saying…
In a meeting held in the Russian capital Moscow, Iranian and Russian foreign ministry officials have finalized a consular cooperation treaty in a bid to expand bilateral relations pertaining to…
The east-central Kerman Province accounts for about 50 percent of Iran’s date exports, IRNA quoted head of Karman’s Date Association, Mohesen Rashidfarrokhi, as saying.
Years of sanctions imposed on Iran over its nuclear energy program have restricted the country’s trade with the international community.
Although imports from India have experienced ups and downs over the past four years, exports to the country have remained more or less the same.
With an average $2.4 billion, India comes…
