The Iran Mercantile Exchange (IME) played host to almost 518,257 tons of various commodities, worth close to 7 trillion rials on the spot market throughout the past week, which ended January 8,…
Economy
Economy
The slack domestic market for Iranian cement overseas, which is mainly due to instability in Iraq and insecurity in its borders, has led to an 8.5 percent decline in cement export within the first…
Economy
T he first exclusive exhibition of Italian companies in Iran was held on January 5-8 in Tehran International Permanent Fairground, showcasing dozens of Italian brands mainly in interior design.
Economy
Tehran Stock Exchange (TSE) recorded its longest losing streak within the past couple of years, with the benchmark nose-diving almost 3 percent during the past week, which ended January 7.
…
Economy
The CEO of Iran Insurance Company, Abbas Farashiani, has announced that Tehran ranks first in receiving third party insurance compensations. According to latest statistics available, Razavi…
Economy
The advancement of electronics and information technology in Iran has been rapid in recent years especially in the realm of virtual banking so that the e-banking trend, which started out in the…
Economy
A new business association has been created for Iranian business owners to develop their business skills in local and international markets.
The announcement was made by Mohammad Sadr-…
Economy
High interest rates on loans and the inability of exporters in buying foreign currency at the official exchange rate, which is considerably lower than the market rate, were cited as primary…
Economy
The Central Bank of Iran (CBI) is closely monitoring lenders non-banking activities, said Governor Valiollah Seif.
Many commercial banks have invested heavily in the ownership and…
Economy
Gold coin futures contract for August delivery will be offered form Jan. 11 on the Iran Mercantile Exchange.
Each IME gold coin futures contract is for ten Emami gold coins. Each Emami gold…
Economy
Iran's Minister of Economy and Finance, Ali Tayebnia, says Tehran is eager to broaden economic relations with Kuwait, IRNA reported on Thursday.
He made the remarks in a meeting with Emir…
Economy
Aras Free Zone has absorbed $300 million in foreign investment thus far through discussions and endorsement activities carried out with the help of Iranian embassies in different countries,…
Economy
The fifth of January might go down in history as the day in which Iran’s ground breaking privatization process was delegitimized by the government itself. This day saw an outburst of criticism…
Economy
The price of bread, the staple food of most Iranian households, increased 30% about a month ago. However, in some cases, bread has been sold at prices higher than the level determined by the…
Economy
The value of retail exports of Iranian saffron reached $94 million in the first nine months of the current Iranian year (starting March 21, 2014), recording an increase of nearly 12 percent…
Economy
The government is planning to spend about 1.1 billion dollars (based on official exchange rate) on rural houses, Azizollah Mahdian, vice president for restoration and retrofitting of rural houses…
Economy
Iran is able to meet its domestic need of rice in the current year due to excessive import of the product during the past two years, Jamil Alizadeh Shayegh, secretary of the national Rice…
Economy
A new gold mine has been discovered on the outskirts of the northeastern city of Kashmar, in Khorasan-e Razavi province, IRNA cited the head of the provincial Industry, Mine and Trade Organization…
Economy
Stocks crumpled at Tehran Stock Exchange (TSE) at Wednesday’s close, with the TEDPIX plunging in bear market territory as the majority of the stocks took it on the chin in the face of escalating…
Economy
There is no restriction on the private sector to extract precious metals, excluding uranium, IRNA quoted the head of the Iranian Mines and Mining Industries Development and Renovation Organization…
Economy
Some 255,000 tons of commodities were offered in Iran Mercantile Exchange (IME) on Wednesday, reported IME’s public relations and international affairs.
Around 26,800 tons of bitumen were…
Economy
At least 1.3 million metric tons of iron ore pellets, worth $235.8 million, have been imported during the first nine months of the current Iranian calendar year (to end March 20), indicating a…
Economy
The minister of industry, mine, and trade, Mohammad-Reza Nematzadeh has strongly criticized the current state of mine exploration across the country, describing it as “wasting the country’s…
Economy
The United Arab Emirates will grow faster if Iran reaches a breakthrough in talks with the West as the Arab state has always acted as a gateway for Iranian business, according to a Dubai-based…
Economy
The Central Bank of Iran cannot control the money market because of interference by certain military figures or firms, the parliamentary news agency ICANA reported on Wednesday.
Many…
Economy
