Iran ranked 6th out of 179 countries in terms of having high Gross National Saving (47.3%) in 2014. Presented as a percent of GDP, it is derived by deducting final consumption expenditure from…
Economy
According to the minister of industry, mine, and trade, the production of 50 to 60 million metric tons of crude steel by 2025 – as targeted by the National Vision Plan – can be only achieved…
Khuzestan Oxin Steel Company, located in the southwestern city of Ahwaz, unveiled its new steel plates during a ceremony attended by the head of the Civil Servants Pension Organization (CSPO),…
According to the Trade Promotion Organization of Iran (TPO), Iran was the biggest exporter of steel to Iraq in 2013, Fooladnews reported on Wednesday.
Iran Mine House (IMH) has decided to form a special committee for mineral laboratories aimed at providing services to the private sector, Eghtesadnews cited deputy chairman of the IMH Mohammad-…
Wednesday trading at Iran Mercantile Exchange (IME) was accompanied by the offering of 227 tons of scrap metal in the secondary market by the Islamic republic of Iran Shipping Lines (IRISL), IME…
Stocks at the Tehran Stock Exchange (TSE) failed to get a boost with all indices settling in red, pushing the TEDPIX to mark its third consecutive negative trading day at Wednesday close.
The National Development Fund of Iran (NDFI) allocated €118 million to finance a steel ingot manufacturing project in Iran Alloy Steel Company (IASCO), IRNA reported. The NDFI will inject the fund…
For the first time in Iran's history, arc steel sections are being manufactured by Esfahan Steel Company (ESC), IRNA reported on Wednesday. The steel section, technically known as V21, is highly…
Women’s participation in the economy increased by 0.1% in the third quarter of the past Iranian calendar year (ended March 20) compared with the previous quarter, an official from the ministry of…
Passenger air transport grew by 11 percent in the past Iranian calendar year (ended March 20) compared to a year before, head of Iran’s Civil Aviation Organization (CAO) announced on Tuesday, as…
Iran is ready to link Bulgaria’s railway network with those of China and East Asian countries, ISNA quoted Minister of Roads and Urban Development Abbas Akhoundi as saying on Tuesday. He made the…
Iran’s agricultural trade deficit decreased by 32% in the past Iranian calendar year (ended March 20), reaching $5.4 billion from the preceding year’s $8 billion, Abdolmahdi Bakhshandeh, a senior…
Contrary to what was initially expected, the framework nuclear deal reached between Iran and the P5+1 group in the Swiss city of Lausanne on April 2 failed to stimulate the domestic housing market…
Establishing six new Free Trade Zones has been approved by the Supreme Council of Iran’s Free Trade, Industrial and Special Economic Zones and the bills will soon be submitted to the parliament…
The two-day technology conference titled ‘German Technology meets Iranian Textile and Carpet’ organized by the German Engineering Association (VDMA) in Tehran ended on Wednesday. The conference…
Four insurance companies have received penalties from the country’s main insurance regulator, Central Insurance of Iran (CII), IRNA reported on Tuesday. The four companies are Iran Insurance…
The plan proposed last year by Bank Maskan (Housing Bank) to increase the mortgage ceiling from 350 million rials to 600 million rials ($21,000 at official exchange rate) is now being assessed by…
Top managers of private and state-owned banks eventually agreed last week to set the deposit rate ceiling at 20% (for one-year deposits), down from 22%. The decision is yet to be finalized by the…
Central Bank Governor Valiollah Seif highlighted Iran’s economic achievements in the year to March 20, 2014 (last fiscal year) at a meeting with Christine Lagarde, managing director of the…
Iran’s gold market could remain stable in the coming days though political developments in the region could directly impact the global market of gold, said an expert in Tehran.
Mohammad…
The majority of imported tires can be domestically manufactured but are only welcome in the market due to their competitive prices, said an official at the Tire Industry Association of Iran,…
Processing gypsum and using modern technologies to produce such valuable mineral would generate great profits for the country and especially the northern Semnan Province, which is the supplier of…
The Iran Mercantile Exchange (IME)’s oil and petrochemical trading floor featured 54 grades of various polymers offered by local petrochemical complexes on Tuesday trading.
The TSE’s benchmark failed to get back on track and retreated again at Tuesday close, with all indices settling in red territory.
