Economy

The Iranian rial was devalued against 17 currencies on Saturday. The move initiated by the Iranian Central Bank (CBI) is part of a trend to gradually weaken the rial’s official rate. The rial was…

The first international conference on tiles, ceramics, and sanitary ware will be held at the Olympic Hotel’s conference center in Tehran on November 29-30, IRNA reported. The event, which is held…

Fara Bourse (over-the-counter) recorded trading of more than 2.8 billion shares worth 17.4 trillion rials within a month ending Oct. 22, indicating a 9 percent growth compared to the same period…

The steel industry’s outlook is improving as the Iranian government plans to increase the country’s steel production capacity from 20 million tons per annum (mtpa) to 55mtpa by 2025, with an…

Over 67,000 tons of various commodities were up for grabs on the spot market at the Iran Mercantile Exchange (IME) on Saturday, the IME’s public relations and foreign affairs office reported.…

Top private sector officials from Iran and Turkey have announced that they seek to ensure that trade relations between the two countries will increase in the next two years.

T he equity market has showed a spurt it has not experienced since July. In less than a week, the market thundered away from the slump it has been in for over a month and added more than 2000…

Relieving the Central Bank of Iran from the influence of the government has become a hot topic in recent weeks as the Expediency Council, in charge of hashing out differences between the…

Private sector businesses have received about 130 trillion rials in loans from Bank Melli, according to the bank’s CEO Abdonnaser Hemmati. He added that only 54 people have borrowed half of the…

Over 355,000 tons of various commodities were traded on the spot market at the Iran Mercantile Exchange within the week ended Oct 22, valued at more than 7.4 trillion rials, IME’s public relations…

Boeing said on Wednesday it had sold aircraft-related goods to Iran Air in the third quarter, marking the first acknowledged dealings between US aerospace companies and Iran since 1979, Reuters…

The deputy minister for industry, mine, and trade said the ministry supports world-class mines; although small mines are definitely contributing to the domestic economy, reported Eghtesadnews.…

The government in September eliminated tariffs on raw iron ore in blocks or slabs, ore concentrate, and iron ore pellets, reported SENA.

Trade Promotion Organization (TPO) said the…

T he Tehran Stock Exchange (TSE) had a spectacular trading week, in the seven days that ended Oct 22, as the TEDPIX surged almost 3 percent to marking the benchmark’s highest growth in more than…

Iran has exported its first consignment of alumina or aluminum oxide to Tajikistan, the general manager of industry, mine, and trade office at North Khorasan province told IRNA.

Yahya…

A French delegation active in auto industry is about to visit Iran Khodro Industrial Group’s (IKCO) main facilities, Hashem Yekezareh, managing director of IKCO told ISNA.

Tehran and Amsterdam have discussed the expansion of bilateral trade ties during a meeting between the chairman of Iran’s chamber of commerce Gholamreza Shafei and his Ducth counterpart in the…

Farmers should not be burdened with paying high water prices, neither should low consumers in urban areas, presidential advisor Akbar Torkan told ILNA on Friday. “However, an increase in water…

Iran and Turkey have agreed to continue and broaden trade ties, Turkish Economy Minister Nihat Zeybekci said in meeting with the Iranian ambassador to Ankara, Alireza Bigdeli, as ISNA…

A trilateral agreement has been signed between the Iranian National Carpet Center (INCC), the governor of Fars Province and the provincial organization of industry, mine and trade for developing…

The amount of goods transited from Iran’s borders in the first six months of the year (March 21-August 22) shows 5.2% increase compared to last year’s figures, said Mohammad Atrchian, the director…

In a meeting with Qatari Minister of Economy and Trade Ahmad bin Jasim bin Muhammad Al Thani, Iranian Vice President, Eshaq Jahangiri, expressed Tehran’s readiness for the enhancement of…

Small industries are set to receive 250 trillion rials in loan facilities as allocated by the ministry of industry, mine and trade, said the deputy minister on Wednesday.

Trade between Iran and Russia is on the rise, as the two augment their economic ties to cushion the impact of Western sanctions imposed on each of them.

The president of the Institute for Trade Studies and Research called on Wednesday for developing a cluster and network for firms active in the aerospace industry.