First Vice President, Es’haq Jahangiri inaugurated a direct-reduced iron (DRI) production plant with annual production capacity of 1 million metric tons in Bardsir in the southeastern province of…
Economy
Economy
Iran’s textile and apparel imports registered a record high of $1.3 billion during the first nine months of the current year, which started March 21, according to data provided by the Islamic…
Economy
The government of Japan has decided to donate 6.575 million dollars through the following four UN agencies, following a recent summit and ministry level meetings upon which Tokyo also expressed…
Economy
Lingering ambiguities dragged down the Tehran Stock Exchange (TSE)’s overall index to break below 65,000-point mark resistance level at Monday’s close, with the free float index topping market…
Economy
The production of pickup trucks by Iran Khodro (IKCO) during the 10th month of the current Iranian year (a period spanning from December 22 to January 20) indicated a 23.2% growth in comparison…
Economy
The easing of sanctions on Iran’s shipping companies would not yield significant results so long as banking and insurance sanctions are still in place, deputy minister of industry, mine, and…
Economy
The ratio of NPLs or non-performing loans in Tejarat Bank has reduced from the previous 17.2 percent to 15.2 now, according to central bank data.
The figure is bound to decrease to less…
Economy
A disciplinary committee has been tasked with addressing illegal activities of a bank and five credit institutions, Fars news agency reported Monday, citing an informed source. The case…
Economy
The Azadi gold coin rebounded from a two-month trough on Monday as lower prices spurred more buying from investors who curbed their enthusiasm about Iran and the world powers striking a nuclear…
Economy
The Export Development Bank of Iran (EDBI) plans to cooperate with the National Development Fund of Iran (NDFI) to boost export activities, an official said on Monday.
Economy
More than $5 billion has been invested in energy-intensive industries of the Persian Gulf Special Economic, Mining Industries and Metal Zone, said Masoud Hendian, the managing director of the zone…
Economy
The administration is planning to increase the role of railways in transportation of goods in line with its policy to expand trade, Mohammad Sa’idnejad, the deputy minister of roads and urban…
Economy
Iran’s economy continued to grow for the second season during the summer of 2014, based on latest reports released by the Central Bank of Iran (CBI). Ever since the start of stagflation period (…
Economy
Iran’s trade balance with Italy has turned positive with Iran notching up a surplus of $400 million in its bilateral trade with the European country, Chairman of Iran-Italy Joint Chamber of…
Economy
High levels of sugar imports have caused an oversupply of the product, putting pressure on domestic producers, according to comments made by senior officials.
Economy
Trade balance with Turkey dropped $93 million to minus $1.497 billion in the first ten months of the current year (March 21-January 20) compared with the similar period last year, based on…
Economy
Head of Iran’s Mines and Mining Industries Development and Renovation (IMIDRO), Mehdi Karbasian last week announced that all incomplete or pending steel projects have resumed their activities over…
Economy
The Tehran Stock Exchange (TSE)’s overall index tumbled at Sunday’s close to snap 11 days of winning streak, and wipe out piled up gains to spur concern among both institutional and individual…
Economy
Minister of Industry, Mine, and Trade, Mohammad-Reza Nematzadeh expressed hope on Saturday that Iran would soon be able to export diesel engines to European countries.
Economy
Crude steel production in Mobarakeh Steel Group exceeded 6.17 million metric tons during the first ten months of the current Iranian year (ending January 20), ILNA reported. The group’s three…
Economy
Three steel mills will be set up on the southern coasts of the country, according to the Iranian Mines and Mining Development and Renovation Organization (IMIDRO), Mehr news reported. The three…
Economy
Bank Mellat comes to be the first Iranian bank – after Bank Maskan which has been specialized in providing mortgage loans – to allocate a special fund for such a purpose.
Economy
A recent decision by the Central Bank of Iran for banning acceptance of checks issued by three banks, including Iran Zamin Bank, was made due to negative balances of the private banks, said Kamal…
Economy
The stagnant state of the economy has disrupted company earnings, causing firms to delay paying their debts to commercial banks. So, with non-performing loans continuing to pile up, the banks will…
Economy
Banks are suffering losses due to the electronic services they provide as the commissions charged on the services hardly cover 10 percent of the expenses, manager of payment systems of the central…
Economy
