Economy

The minister of roads and urban development, Abbas Akhundi, announced that the minimum amount required for the development of the national road network is about 1,000 trillion rials ($37.3 billion…

The Iran-US Chamber of Commerce has sent an open letter to its Iranian counterpart, inviting Iranian entrepreneurs to expand business activities in the United States, Eghtesad News reported on…

The second international conference on iron ore will unveil a strategic planning document on the future of the iron ore industry; Fooladnews quoted a member of Iron ore producers and exporters…

Almost 157,000 tons of various commodities were offered on the spot market at the Iran Mercantile Exchange (IME) on Monday, IME’s public relations and international affairs office reported.

Russian Railways JSC plans to build and electrify the railway from Iran to Azerbaijan and further extend it to Russia, RIA Novosti reported Monday.

The chairman of the transport committee…

The amount of capital raise within the first 7 months of the year (March 21-September 22) has reached last year’s total inflow of money, demonstrating that financial instruments including the…

The Interexchange Electronic Union (IEU) officially approved the membership of the Iran Mercantile Exchange (IME) on the second day of its international meeting in Tehran on Monday, reported SENA…

The Iran Energy Exchange (IEE) is ready to start trades of petroleum and natural gas through the Interexchange Electronic Union (IEU) only if the oil ministry agrees with it, said Ali Hosseini,…

The world economy is undergoing major shifts. On the back of a resurgent US economy and falling global demand, oil prices have hit four-year lows. But oil has not been the only victim of the…

The governor of the Central Bank of Iran said on Monday   that a possible reduction of the reserve ratio would lead to an increase in liquidity and inflation.

Demands by foreign investors to enter the Tehran Stock Exchange (TSE) have grown and recently a European financial institution has gained the permission to invest $20 million in the market, said…

Officials from the Kurdistan Regional Government of Iraq have signed five contracts with their Iranian counterparts to improve economic cooperation, Mostafa Abdallah, the head of exporters and…

A foreign company has won the tender to establish Sangan iron ore pellet manufacturing plant, Mehdi Karbasian, the CEO of the Iranian Mines and Mining Industries Development and Renovation…

Water and wastewater industries are active in 20 world export markets, Energy Minister Hamid Chitchian said in the opening ceremony of the 10th Iran International Water and Wastewater Exhibition…

The government has modified the amount of subsidies to be allocated to the government agencies and organizations. The move is in accordance with a proposal from the planning and strategic…

The future of Iran’s economy depends on the way it is going to be managed by the government, rather than being solely dependent on the results of ongoing nuclear talks with the P5+1 (the five…

A tax-exempt program for exporters is to be put into effect in an attempt to facilitate the ground for export activities, general director of renovation and development at Iran’ Trade Promotion…

Two years of consecutive slump in the number of housing units has led to a sharp fall in supply in the housing market and a subsequent rise in prices, Mohammad Mehdi Mafi, the secretary of the…

The railroad connecting Iran to Turkmenistan and Kazakhstan will be inaugurated on December 3 in the presence of the presidents of the three states, Iranian Railroad Organization official,…

A new Initial Public Offering (IPO) pushed the market cap up by 600 billion rials, while the Tehran Stock Exchange’s main index (TEDPIX) slid briefly to end in red territory for the second…

New production lines for three Renault products will be set up in Iran, the auto policy council’s spokesman told Tasnim news agency on Sunday.

In a meeting between Renault Company officials…

The number of trading codes, by November 24 this year, at Iran’s equity market reached 7,760,000 – up 14.5% compared to the same day last year with 6,776,341 trading codes, said an official at…

The ongoing stagnation in the steel market is expected to worsen due to winter and China’s dumping policy, said a member of Iranian Steel Producers Association (ISPA).

More than 11.7 million tons of cement was exported during the first seven months of the current Iranian year, which started March 21, Mehr news quoted the ministry of industry, mine, and trade as…

Import statistics released by Iran’s Customs Organization for the first seven months of the current Iranian year (March 21–October 22) indicate that the value of imports has increased by 72.24…