A trade delegation from Switzerland, headed by former Swiss ambassador to Tehran Livia Leu, is scheduled to visit Tehran in the coming days to scope out business opportunities in Iran, IRNA…
Economy
Economy
The equity market’s systemic risks, and investors’ dented sentiment kept dragging down the Tehran Stock Exchange (TSE)’s overall index at Monday close.
A tentative nuclear deal between Iran…
Economy
Esfahan Steel Company (ESC) produced a record high of 2.7 million metric tons of crude steel during the past Iranian calendar year (ended March 20), indicating 20% growth compared to the previous…
Economy
Next year, the Iran Mercantile Exchange (IME) will be celebrating its decennial. The bourse has quickly turned itself into the largest commodity exchange in the Middle East in terms of volume.
Economy
Around 102,000 tons of various commodities were supplied in the Iran Mercantile Exchange (IME)’s spot market on Monday. According to IME public relations, more than 18,900 tons of chickpea, 10,370…
Economy
If the ruble’s value stabilizes, a plan for bypassing the US dollar and euro in Iran-Russia trade could take effect in the current fiscal year (which started March 21), said Mohammad Hossein…
Economy
The dollar rose in Tehran on Monday as equities fell to a two-week low.
The greenback gained 0.45 percent and changed hands at 33,390 rials by 11:33 GMT in Ferdowsi Street – heart of…
Economy
No Swiss delegations have visited Iran over the past eight years, but at least six of them are set to explore the Iranian economic and political atmosphere by the end of June, a Swiss diplomat…
Economy
Agriculture received its lowest share of financing in the last four years, despite a 44 percent growth in lending during the previous fiscal year (ended March 20). The agriculture sector received…
Economy
Between five and seven thousand metric tons of olive oil is smuggled into the country annually, Mehr news agency quoted Nader Jalallat, a member of Iranian Olive Council as saying on Sunday.
Economy
Georgia has expressed willingness to launch a “joint economic committee” with Iran, according to Ali Mohammadi, the Iranian consul general in Georgia’s seaside city of Batumi. “The Georgians seek…
Economy
Foreign investment in the Arvand Free Trade Zone (AFTZ) located in the western Khuzestan Province reached $108 million in the past Iranian calendar year (ended March 20), which indicates a 14…
Economy
Officials are drawing up a successor to the seven-year-old Mehr social housing project, which has been blamed for everything from corruption and extended construction delays to its role in…
Economy
Recycling goes far beyond separating your wet and dry waste —which the city’s municipal authorities have lately been propagating intensively. Scrap recycling industry is a sophisticated, capital-…
Economy
The ministry of industry, mine, and trade has called on financiers to invest in a project to utilize the mineral salts such as calcium carbonate, sodium chloride, and potassium sulfate in the Lake…
Economy
Iran is planning to increase crude steel production using raw materials supplied by iron ore resources in Kazakhstan, Fooladnews quoted Mehdi Karbasian, deputy minister of industry, mine and trade…
Economy
The Tehran Stock Exchange (TSE)’s benchmark ended a seesaw trading day in green following news about a possible cut in interest rates from 22 percent to 20 percent, coupled with positive…
Economy
Deputy head of the Geological Survey of Iran (GSI), Behrouz Borna said Iran currently holds 70 different types of minerals, adding that 15 new mineral species including rare-earth elements, nickel…
Economy
The agricultural trading floor of Iran Mercantile Exchange (IME) played host to more than 3,000 tons of soybean meal, 5,370 tons of corn, 3,065 tons of rice, 4,000 tons of wheat, 300 tons of…
Economy
Former central bank governor Tahmasb Mazaheri has urged the administration to immediately take action and unify foreign exchange rates, whether or not sanctions are lifted.
His remark came…
Economy
Top managers of private and state-owned banks have agreed to set the deposit rate ceiling at 20 percent, IRNA reported, citing Abdonasser Hemmati, head of the coordination council of state-owned…
Economy
Iran's financial industry is expanding rapidly. Since changes were made in Iran's financial laws in 2008, many new financial services firms and various financial instruments have sprung up. This…
Economy
The central bank governor has called for regional cooperation to set up credit lines using local currencies to have more transparent trade transactions under the supervision of the central banks,…
Economy
More than $6 billion worth of commodities were traded via border areas of the northwestern Kurdistan Province over the past Iranian calendar year (ended March 20), which indicates a 52 percent…
Economy
Close to 100 metric tons of tragacanth gum, valued at $6 million, was exported from Isfahan Province to European and Asian countries during the past Iranian year (ended March 20),…
Economy
