Iran’s ceramic and tile industry is hit by overcapacity due to the unrestrained issuance of factory construction permits during the 90s.
Iranian factories currently have an annual capacity…
Economy
South Korea’s Minister of Trade, Industry and Energy Joo Hyung-hwan, heading a high-ranking delegation, will visit Iran in February to discuss ways of bolstering bilateral trade ties, IRNA quoted…
The Producer Price Index stood at 215 in Dey (ending January 20), indicating a 0.6% decline compared with the previous month, according to the latest report of the Central Bank of Iran. The…
A Singaporean business delegation is scheduled to visit Qazvin on Thursday to assess the investment potential in the Iranian province.
Tehran Stock Exchange’s main index TEDPIX jumped 2,124 points or 3.11% on Tuesday to hit 70,999.5, extending a five-day winning streak and recording the highest rise since December 2014.
Iran Mercantile Exchange’s oil and petrochemical trading board witnessed the supply of 66,160 tons of polymers, 34,000 tons of bitumen, 15,000 tons of vacuum bottoms, 1,000 tons of lube cut oil…
Iranian fund managers hope to give overseas investors more exposure to the country’s equities after the lifting of international sanctions last week.
Iranian steelmakers produced more than 12.6 million tons of crude steel from March to December 2015, which indicates a 0.7% rise compared with last year’s similar period, according to Iranian…
The Organization for Economic Cooperation and Development (OECD) is expected to improve Iran’s rating on long-term risk factors at a meeting on Tuesday, Kamal Seyed Ali, Export Guarantee Fund of…
British regulators are considering whether to allow two Iranian banks in London to resume operations after years of sanctions, two sources familiar with the matter said.
Melli Bank and…
Iran has sent lawyers to the Ontario Superior Court of Justice on Monday to fight attempts to hold the country to account for allegedly sponsoring attacks that harmed Canadian citizens.
Bahrain’s central bank said Tuesday it has decided to close down the Iran-owned Future Bank based in the tiny Persian Gulf state.
The first round of Iranian Technicians Olympiad rounded off this week.
Focused on the repair of four major categories of mobile phones and tablets, household appliances, air-conditioning…
Apple Inc. is expected to report iPhone sales increased slightly more than 1% in the holiday quarter when it announces earnings on Tuesday, its slowest growth ever and far from the double-digit…
According to the latest statistics released by the Ministry of Communications and Information Technology, 72 million SIM cards are active in Iran, indicating a mobile technology penetration rate…
Philips, the Dutch maker of LED lights and medical scanners, on Tuesday reported core fourth quarter earnings ahead of expectations, but issued a cautious outlook for 2016. The company, which is…
Analysts are blaming the worsening weather inversion, air pollution and traffic problems, and the increasing fuel consumption in most large cities on the government’s controversial car loan scheme…
Implementation of the nuclear accord and the lifting of sanctions should reduce the cost of money and trade for Iran, Ahmad Hatami Yazd, former CEO of Bank Saderat said. Foreign bureaux de change…
The housing market in Tehran is slowly waking up from a long slumber and entering "pre-boom levels" as the total number of home deals in the ninth month of the fiscal year (Dec. 22, 2015- Jan. 20…
The government plans to issue bonds worth 400 trillion rials ($ 13.2 billion) to cover its debts, a measure which is included in the next year’s budget bill and the sixth development plan (2016-21…
Bahrain has not yet made a decision about the fate of an Iranian-owned bank based in the Persian Gulf state that is presently under administration, a senior Bahraini central bank official told…
Collaboration with Italian and French Banks are priorities for forging correspondent relations, said Ali Saleh Abadi, chief executive of Export Development Bank of Iran, Eximnews reported…
Iran’s home appliance market has an annual turnover of 200,000 billion rials ($5.7 billion at market exchange rate), said the spokesperson of Home Appliance Producers Association. Hamidreza…
The goods and services Consumer Price Index for urban areas increased to 13.2% in the 12-month period ending January 20, which marks the end of the Iranian month of Dey, compared with last year’s…
Iran’s non-oil foreign trade during the 10 months ending January 20 stood at $69.45 billion, according to the latest report by the Islamic Republic of Iran Customs Administration.
