Economy

Iran and Russia will engage in preferential trade with one another in the near future, Mohammad Hossein Barkhordar, the chairman of the import assembly in Iran Chamber of Commerce and Trade told…

While basic foodstuff was imported for strategic storage purposes during the first eight months of this year (March 21- October 21, 2014), given the available supply of rice and sugar their…

The inflation rate in Iran’s rural areas reached 16 percent in the Iranian month of Azar (ending December 21), down 17.3 percent from one month earlier, a recent report released by the Statistical…

Electric motorcycles in Iran are sold at four to five times more than the average global prices while the import tariff for electric vehicles (EVs) has been lifted in the country, ISNA reported on…

Iran’s automobile industry has registered 64.3 percent growth in a period of nine months, which ended December 21, the ministry of industry, mine and trade reported on Monday.

Car…

Iran, as the ninth global producer of antimony, has managed to localize the technology for producing antimony ingots, IRNA cited data from Iranian mineral processing research center.

Recent speculations over the gloomy performance of a wide range of listed companies including high yielding ones at the Tehran Stock Exchange (TSE) have led investors to hedge their bets.

The country exported more than 1.3 million metric tons of steel during the first nine months of the current Iranian year (which started March 21, 2014), according to IRNA’s Monday report.

The Iran Mercantile Exchange (IME)’s trading floors played host to more than 119,000 tons of various commodities offered by 25 local and international suppliers on Monday, IME’s public relations…

Tehran is playing host to three individual expos over the next three days, starting Monday, at the Permanent International Fairground, Iran’s largest exhibition center.

The latest report by the Central Bank of Iran (CBI) has revealed that the government’s debt to the banking system have increased by 27.75 percent in the year ending September 22, 2014.

When one lives in a city the size of modern day Tehran, it becomes quite apparent that many of the procedures you’d expect to be run by the local municipality are in fact conducted by small…

A top central bank official on Sunday denounced commercial banks' overdraft from the central bank as "inconveniencing."

A senior advisor to the managing director of Kish Free Zone Organization has held a meeting with the Malaysian Ambassador to Tehran Raja Nushirwan Zainal Abidin to explore avenues for expansion of…

Non-oil export recorded 18 percent growth during the first nine months of current fiscal year (March 21st 2014- March 20th 2015) compared to the same period last year, according to Head of Trade…

The first cargo will be officially imported through the Inche Boroun railway on January 7, IRNA reported. An 8,000-ton cargo of wheat will be the first freight transported via this route,…

Some 306, 49 tons of non-oil commodities were exported from Bandar Lengeh, in southern province of Hormozgan, during three quarters of the current Iranian calendar year (which started on March 21…

Economic Affairs and Finance Minister Ali Tayyebnia is to visit Kuwait on Tuesday to discuss bilateral ties, IRNA quoted KUNA on Monday. Tayyebnia is scheduled to attend a meeting at Kuwaiti…

Given the range of disagreements the parliament has with the Rouhani administration, the latest outburst of conflict only got a small footnote in domestic news outlets. Last Thursday (January 1),…

Twelve years since the idea of ‘preferential trade’ was first proposed, the country has not been able to sign a satisfactory number of contracts in this regard, Mehdi Behkish, the head of Iran’s…

The domestic production of home appliances increased by 30 percent in the first nine months of the current year (March 21-December 21, 2014), Mohammadreza Nematzadeh, the minister of industry mine…

Nearly 70% of the glass used in the country’s automotive industry is domestically manufactured, said Mohammad Fatemian, the general manager for the bureau of mineral industries at the ministry of…

If the essential needs of the steel industry, including foreign investment, development of the infrastructures, and most importantly organizing the projects are not met, the country’s steelmakers…

The Iran Mercantile Exchange (IME) saw a bustling day on Sunday as various zinc commodities and steel slab-c dominated its industrial and mining trading floor.

For the second consecutive winter, the housing market is plagued by slowdown as stagnation is still seen in trades and many builders or property owners can hardly find a customer for their real…