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,…
Economy
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…
Stocks waxed and waned on Sunday, causing the Tehran Stock Exchange (TSE)’s main index to keep tumbling and notch its 7th straight decline.
According to TSE data, stocks slid further after…
The Central Bank of Iran plans to sort out the affairs surrounding “14 unauthorized credit institutions” by the end of the year (March 20), said CBI Governor Valiollah Seif on Sunday.
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Cutting interest rates is often portrayed as both desirable and an action that has little in the way of long term consequences. While there are certainly situations in which reducing the current…
T he research center of the parliament issued a report Sunday on how the government has proposed to raise capital in state-owned banks in the budget of the next fiscal year (starting March, 21).…
The dollar, the euro and the British pound cut their losses versus the rial on Sunday as the foreign ministry denied late Saturday evening a breakthrough in nuclear talks with the West.
Trade and business consultants from 16 countries on Sunday held talks with representatives from commercial guilds, hotels and businesses active on Kish Island to explore avenues for bilateral…
According to a senior agricultural jihad ministry official Iran is no longer reliant on rice import. The import of rice has come to a complete halt since the beginning of the current Iranian year…
The recent announcement of a rise in the unemployment rate can be justified by the seasonal slump in agricultural activities in autumn, a top official says. Confirming the authenticity of…
The import of barley, not including barley corn, increased by 129 percent in the first eight months of the current year (March 21-December 21, 2014). According to the Customs Administration Office…
If the government can carry on with the economic growth at the current pace, it will be able to meet the employment goals, Mohammad Nahavandian chief of staff of President’s Office said on Sunday…
The first economic development plan was implemented in 1948 for seven years and until now there have been nine other plans, the first two took seven years and the next eight took five years each.…
Inflation has been curbed at the expense of amortization of production capacity, the minister of roads and urban development said.
As long as business is marginalized in the country, it is difficult to expect diplomatic relations to help develop the economy, Yahya Al-Es’haq head of Iran’s Chamber of Commerce, said on Sunday…
Reaching an annual production volume of 6 quadrillion rials ($220.7 billion at official exchange rate) needs a cash flow of 2.2 quadrillion rials ($80.9 billion), and to provide this cash flow the…
The 8th International Exhibition of Goods, Services & Equipment of Chain Stores will take place at Tehran International Permanent Fairground on Jan. 5-8, FNA reported Saturday. Other…
