Nearly 86,400 tons of unwrought aluminum worth $155.1 million was exported in the seven months ending October 22, showing a 26 percent decrease compared to the same period last year, ISNA reported…
Economy
Economy
Iran is set to extend its national rail network by 10,000 kilometers, Ali Noorzad, the deputy minister of roads and urban development announced in a meeting with his Armenian counterpart, Arthur…
Economy
Exports to Iraq through Mehran international border—located in the west of Ilam Province—since the start of the current year (March 21) amounted to over $647 million, showing 20 percent increase,…
Economy
In a bid to improve Iran’s transportation infrastructure and provide the required machineries for the maintenance of the national road network, the cabinet has ratified the allocation of 2…
Economy
Tracking codes will be issued for imported commodities as from the end of this year (March 2015), director of the valuation office at Islamic Republic of Iran Customs Administration, Khodakaram…
Economy
Brent crude’s price has fallen to its lowest level in four years. Pierre Andurant, one of the most respected and successful fund managers in the oil industry, predicted late last month that oil…
Economy
The director of the Iranian World Trade Center has criticezed government efforts to join the World Trade Organization, arguing that the decision cannot be a good idea given the unsatisfactory…
Economy
The southern province of Hormozgan is ready to boost its trade ties with foreign countries, Khalil Qasemi, the head of Hormozgan’s industry, mine, and trade organization told IRNA on Monday.
Economy
Two copper ore beneficiation plants, each a 150,000-ton capacity, will be operational for processing copper from the Sarcheshmeh (in Kerman Province) and Sungun (Azerbaijan Province) mines. The…
Economy
Iran and Portugal have, for the first time in their history of mutual economic cooperation, signed a 25-article Air Transport Agreement (ATA), Alireza Jahangirian, head of Iran’s Civil Aviation…
Economy
The first International summit on Iran-Iraq trade development will start today in Tehran’s Milad Tower, IRIB reported. The summit is co-organized by the Iran-Iraq Joint Chamber of Commerce,…
Economy
The Rouhani administration has no plans to continue the purchase of used wagons from China, Mohsen Pooraghai, the general director of the Islamic Republic of Iran Railways told ILNA on Sunday.
Economy
Depleting groundwater levels and increasing amounts of saline water threaten date palms in southern Iran, IRNA reported on Saturday, citing the chairman of the National Assembly of Agricultural…
Economy
Italian private sector businesses are welcome to invest in projects in Fars Province, the southern province’s governor general, Mohammad Ahmadi, told IRNA.
Economy
The effects of recession in the housing market have finally touched mortgage bonds at Iran Fara Bourse or over-the-counter (OTC), pulling the price of each bond down on Saturday to a record low in…
Economy
The private sector is poised to operationalize two major development plans in the Persian Gulf Arab state of Oman, Gholamhossein Shafei, the head of Iran Chamber Of Commerce, Industries, Mines and…
Economy
The Managing Director of Kish Free Trade Zone has announced new direct flights between the Persian Gulf island and Turkey’s largest city of Istanbul will start in the near future, Mehr news agency…
Economy
Insurance authorities are set to discuss the problems facing the private firms providing supplemental health insurances in the next session of the Supreme Council of Insurance, according to the…
Economy
A new report suggests the construction of one of Tehran’s largest residential structures called the Third Millennium Tower has resumed after almost four years of inactivity.
Economy
Commercial banking in Iran will continue to grow next year but the growth pace is expected to slow down, according to new forecasts. This will be partly due to inflationary pressure and high…
Economy
To maintain communication with the rest of the world, Iran has no other choice but to move on to Internet Protocol version 6 – the latest version of the IP, said the telecom minister on Sunday.
Economy
A report on the performance of the insurance market in the first six months of current Iranian year (March 21-September 22) shows a 38 percent increase in insurance premiums, as well as 24 percent…
Economy
The ministry of economic affairs and finance has no intention to increase the rate of value added tax (VAT) for next year, according to the president of Iranian National Tax Organization. In a…
Economy
A senior Polish official has voiced his country’s readiness to expand cooperation with Iran in the banking sector, FNA reported.
Economy
The National Iranian Copper Industries Company (NICIC) has offered various types of copper on the industrial and mining trading floor of the Iran Mercantile Exchange on Sunday, IME’s public…
Economy
