Deputy minister of industry, mine and trade Mehdi Karbasian says western companies have recently offered to take part in Iran’s industrial and mining sectors, Eghtesad News reported.
Economy
Iran’s production of crude steel grew 9.6% in the first quarter of 2015 as output from Mobarakeh Steel Company (MSC) increased 21% compared with the similar period a year before, IRNA quoted the…
Trade with China’s Muslim-dominated province of Xinjiang hovered around $1.6 billion during the first quarter of 2015, recording an increase of nearly 89.4% compared with the similar period in…
Georgia is an emerging trade partner for Iran, said head of Iran-Georgia joint Commercial Council, Fatemeh Moghimi, ISNA reported. Iran’s exports to Georgia exceed its imports.
The United Arab Emirates’ Ministry of Environment and Water finally put an end to the rumors about watermelons the UAE had imported from Iran after certain Emirati media had claimed that the fruit…
The government has been seeking to avoid budget deficits via spending cuts and tax increases; however, the policy has forced end consumers to pay high taxes on daily expenses such as electricity,…
Although sugar beet production grew in the past Iranian calendar year (ended March 20), sugar business is in a slump, said secretary of Iranian sugar factories syndicate, Bahman Danayi, as…
The cooperatives sector has so far failed to deliver its envisioned share of 25% in the national economy as the sector’s current share is no more than 5%, according to senior official at Tose’e Ta…
The unauthorized financial and credit institutions hold 20 percent of the money supply, according to news website BINA. Statistics released by the International Monetary Fund suggest that there…
M ajor banks agreed on deposit interest rates on Wednesday, after the central bank left it to them to decide on the matter.
Financial experts and policymakers who had convened for a second meeting to discuss banking strategies after the sanctions are lifted if a nuclear deal is finalized by June 30 sounded more vocal…
About 191,000 tons of steel section was offered on the Iran Mercantile Exchange’s industrial and mining trading floor on Wednesday trading.
According to IME public relations, Khuzestan…
Stocks in Tehran Stock Exchange staged yet another rout at Wednesday’s close, with oil refining companies, petrochemicals, and minerals pulling down the TSE’s overall index to stay in red for the…
According to deputy minister of industry, mine and trade, Ja’far Sarqini, 2,200 mines out of 7,600 mines in the country remained inactive over the past Iranian calendar year (ended March 20).
Iran is the world’s fourth producer ceramic tiles and the fourth exporter to Asian and Middle Eastern countries, deputy minister of industry, mine, and trade, Ali-Asqar Tofiq said on the sidelines…
Rural inflation rate stood at 13.4 percent in the first month of the current Iranian calendar year (started March 21), showing a 3 percent decrease compared to a month before, according to the…
About 10,000 metric tons of silk cocoons are produced in Iran annually, IRNA quoted head of Sericulture Organization, Ali-Asghar Dadashpour as saying.
About $2 billion worth of apparel is smuggled into the country annually, while legal imports are 333 times less at $6 million, Eghtesad News quoted deputy industry minister Mojtaba Khosrotaj as…
A Chinese delegation in a visit to Alborz Province – located northwest of the capital Tehran – has expressed readiness for making investment there, IRNA reported.
Iran’s West Azerbaijan Province plays a crucial role in consolidating trade ties between Tehran and Ankara, said Turkey’s ambassador to Iran Reza Tekin Hakan, calling for closer relations with the…
President Hassan Rouhani says that Indian investment in the Port of Chabahar will open a new chapter in Tehran-Delhi trade ties, IRNA reported.
He made the remarks while receiving Indian…
The heads of Iran and Algeria chambers of commerce, Gholam-Hossein Shafei and Mohamed Laid Benamor held talks on Tuesday as part of Iran-Algeria Trade Forum organized by Iran Chamber of Commerce,…
Business Monitor International revised down its forecasts for the Iranian insurance market in an April report forecasting the third quarter of 2015. However, the think-tank said the sector would…
The recent deposit rate cut has had no impact on gold market, according to an expert in Tehran.
Mohammad Keshti-Aray, president of the Gold and Jewelry Union, said although one week has…
The CEO of a private bank has denied there is a state of monopoly over money in the country, saying the heterogeneous nature of Iranian banking system makes it impossible for few entities to…
