Economy

A trade expert in Tehran criticized the recent attempts by the government to raise exports to Russia, calling them “politically driven.”

“The issue of exports to Russia has created real…

Germany, Switzerland, Italy and Netherlands have been among the 10 main exporters of goods and services to Iran in the first half of the current Iranian year (March 21-September 22).

In a recent visit to the Damghan-Galugah highway which runs from Iran’s Mazandaran province to the northeastern Semnan province, the CEO of Construction and Development of Transportation…

Fruit exports have the potential to generate revenues 3 to 8 times higher than a barrel of oil, according to Reza Noorai, chairman of Iran’s Export Confederation.

No budget deficit will be in sight for fiscal year 2014/2015, though oil prices have drastically fallen in recent weeks, a top economic official said on Wednesday.

Government Spokesman…

Iran’s average urbanization rate has reached 73 percent, said Mohammad Pejman, the deputy minister of roads and urban development to IRNA on Wednesday.

Multiple petrochemical companies offered 20 types of chemicals on the oil and petrochemical trading floor of the Iran Mercantile Exchange on Wednesday, the IME’s PR and foreign affairs department…

The export value of white Portland cement and iron ore with a purity of less than 40 percent have reached $1.2 billion within the first half of the current Iranian year, ending Sep. 22, ILNA…

The real estate market has seen some positive changes since September and this is expected to benefit many home buyers and renters. The changes are also affecting people’s interest in applying for…

Long products market in Iran was quiet last week, according to irsteel.com. Debar price dropped around 100,000 rials per ton and the average price of Esfahan Origin debar declined from 18.8…

The head of Tehran’s Union of Garment Manufacturers and Sellers has called for the garment industry to be revitalized by stopping illicit import of garments.

“Illicit import of garments…

Tuesday was the date set for the release of the fifth installment of Iran’s frozen assets as part of the extension of Tehran’s nuclear deal with the six world powers. There is yet to be any…

The Central Bank of Iran has recently launched two new systems for minimizing check fraud and forged securities, IRIB reported.

The two new systems called Kashef (discover), and Namad (…

US car-makers have neither declined nor accepted an invitation to participate at the International Auto Industry Conference to be held in Tehran on December 1, Sasan Qorbanim, the conference…

More than 166,000 tons of various commodities were traded at Iran Mercantile Exchange on Sunday, valued at $3.5 trillion, the IME’s PR and foreign affairs reported.

According to the report…

Pharmaceutical products and medical supplies have been exempted from US and EU-imposed sanctions for “humanitarian reasons,” in the words of the US government. Despite that, Iran reported…

The ongoing buoyant trend at Tehran’s stock market is enticing both retail and institutional investors to return their capital into the equity market, after the TEDPIX surged more than 4.5 percent…

Copper and copper concentrate export revenues will jump to over $2 billion in the near future, the minister of industry, mines and trade has recently announced, as reported by ISNA. “If the…

The unprecedented surge in the number of overflights and the need to observe International Civil Aviation Organization (ICAO) requirements has necessitated the allocation of $200 million credit to…

Eighty agreements have been signed between cooperative sectors of Iran and Iraq, secretary of Hamedan Chamber of Commerce told FNA on Tuesday. An Iranian delegation recently traveled to Iraq and…

In accordance with its plan to improve the quality of construction materials, the ministry of roads and urban development is to issue its quality assurance certification only to quality domestic…

The Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) is set to spend 25 percent of its net annual profit on research projects in various parts of the mining…

Exports from Germany, the European Union’s biggest economy, to Iran increased by 33 percent in the first eight months of this year, as a result of the interim deal on Iran’s nuclear program that…

Six ministries have been tasked to execute general policies of science and technology that had been envisioned by the Leader earlier this year.

New bylaws have been drafted by the agriculture ministry in a bid to support the private sector’s activities in agribusiness agreements with other countries, MNA reported Monday.