Economy

Free zones should turn into the country’s export and production hubs, Presidential Advisor and Secretary of the High Council of Free Zones Akbar Torkan said in New Delhi on Saturday. He expressed…

Iran-China trade rose 35 percent in 2014 and stood at $52 billion in value, Abbas Khaleghi Tababr, an official with the ministry of industry, mine, and trade said. As ISNA reported on Saturday,…

Just as development projects in national oil and gas sectors are struggling with lack of funding, the monthly payment of 1.35 billion dollars (based on official exchange rate) for cash subsidies,…

During the past one year, 32 inactive and semi-finished industrial projects have been completed under the aegis of the Iranian Mines and Mining Industries Development and Renovation Organization (…

T hree steel industry giants from Spain, Italy, and Germany are planning to build factories in Iran to produce industrial and mineral machinery and equipment, Mohsen Parvan, secretary of the 5th…

Stocks gained ground at the Tehran Stock Exchange with the benchmark piling up gains, after giant listed petrochemical companies outperformed at Saturday’s close.

As was expected,…

Using traditional blasting techniques to extract turquoise from the mines in Neyshabour (in Khorasan Razavi Province) crush the turquoise stones, reducing the mines’ output significantly.

Small companies should not be blamed for the low quality of bitumen as it is in fact giant export-oriented companies that are forcing them to produce low-quality bitumen in order to survive,…

The oil ministry has cut off natural gas supply to clinker producers, with the aim of helping them get rid of extra expenses they bear during the winter, said Abdolreza Sheikhan, the secretary of…

Between 35% and 40% of the country’s recycling industry has been shut down due to complications regarding the National Environmental Fund, ISNA cited the head of Iran Recycling Industries Union as…

The parliament believes all mines across the country, and not only the big ones, should pay royalties, Eghtesadnews quoted member of board at the parliamentary commission for industries and mines…

Fragile atmosphere still reigns over the Tehran Stock Exchange (TSE), with the benchmark tanking almost 1.4 percent in the week that ended January 14 to settle at 65,000 point.

Coal reserves in Iran, which constitute about 550 million metric tons of proven and 1200 million metric tons of potential fossil fuel reserves, have long been neglected by the officials due to…

During the first nine months of this year (March 21-December 21), more than 134.5 thousand tons of pistachio, worth above $1.2 billion, have been exported, which registers 75 percent rise compared…

Kazakhstan is poised to commence its preferential trade with Iran, Vallyollah Afkhamirad, the head of Trade Promotion Organization (TPO), said after visiting Emiriev Baghdad Kultaovich, the Kazakh…

Iran has taken over the presidency of the Group 77 (G77) in the Food and Agriculture Organization of the United Nations (FAO). The chairmanship was transferred from Cameroon to Iran in…

Thirteen million dollars worth of handmade carpet have been manufactured and exported from West Azarbaijan Province since the beginning of the current fiscal year, Asad Darvishi, head of the…

Top officials from Iran and Turkey signed a memorandum of understanding (MOU) aimed at facilitating trade between the two countries as well as ending a three-months-long dispute over truck transit…

Iran has been bearing losses of about $2.5 billion per month ever since the international oil price plummeted by more than 56 percent  from its peak of $114 per barrel in June last year to…

Following the Financial Tribune’s report last week on the low-profile entry of Microsoft in Iran, another development has occurred to back up the claim that Microsoft is now beginning to support…

Shetab is Iran’s only nationalized ATM card system currently in use. Right now it is not accepted abroad but one day in the not too distant future that could change.

The world expects a lot of its central bankers,” wrote The Economist. Politicians demand that they control inflation, keep the economy growing and the financial sector stable. The same goes on in…

The Swiss franc is set for a huge jump versus the rial on Saturday, as Tehran catches up to late Thursday’s changes in the global arena. Stunning monetary-policy shifts in Switzerland and India…

The Iran Mercantile Exchange (IME)’s oil and petrochemical trading floor on Wednesday featured, for the first time, commodities supplied by a Singaporean company.

According to IME’s public…

Giant carmakers Iran Khodro and Saipa produced 83% of the vehicles in the market during the first 9 months of the current Iranian year (ending December 21, 2014), reported ISNA on Wednesday.