Economy

Aras Free Trade Industrial Zone or AFZ for short is one of Iran’s most popular and bustling business frontiers anywhere in the country.

Situated in northwest Iran bordering Armenia,…

The Money and Credit Council set a three-year deadline for the commercial banks to sell their non-banking assets in the equity market.

The Money and Credit Council is tasked with considering a mechanism for establishing international banks in free trade zones, according to an official from the Center for Free and Special Economic…

Tehran Stock Exchange’s bullish trend calmed down and the stock market’s main indexes didn’t contribute that much as the TEDPIX rose only 0.03 percent on Wednesday.

Despite two broad…

The deputy minister of industry, mine, and trade said he would negotiate with the Chinese over Miyaneh steel project in order to make it operational by next summer, reported Irna.

The Securities and Exchange Organization (SEO) is gearing up to facilitate the process of attracting foreign investment in a bid to bolster the capital market, Ali Salehabadi, head of the SEO said…

Iran’s crude steel production hit a record high within the first nine months of 2014, with a 6.6 percent increase compared to the same period last year, the World Steel Association reported. Iran’…

An Iranian delegation is in Istanbul to discuss ways of developing economic cooperation between Iran and Turkey, IRNA reported on Wednesday.  Deputy chairman of the Trade Promotion…

The Money and Credit Council rejected bid to give mortgages to journalists and artists, according to the Central Bank of Iran.

Lack of knowledge and business management is evident when it comes to handicrafts, Majid Reza Hariri, deputy chairman of Iran-China chamber of commerce has said. “This causes the shortcomings in…

Despite a considerable reduction in the number of unemployed young people under 30 during the past 12 months, the issue of youth unemployment is still assessed as critical. As Eco News reports,…

Latest reports on Producer Price Index (PPI) have revealed that from August 23 to September 22 (sixth month of the Iranian calendar), monthly average and point-to-point inflation rates for…

A leading Iranian businessman believes that domestic restrictions and limitations, combined with sanctions, have provided a difficult situation for many manufacturers.  “The selective…

The purchase of second-hand ships from foreign countries and the absence of new orders for Iranian shipyards is likely to inflict huge damage to Iran’s shipbuilding industry, CEO of Iran Marine…

Iranian Research Organization for Science and Technology (IROST) is willing to cooperate with other countries in the field of water desalination, the organization’s chairman Ahmad Akbari said on…

The Chamber of Commerce of the Russian Federation has recently held a meeting on the development of trade and economic cooperation between Moscow and Tehran to facilitate commercial exchanges…

The process of customs clearance for the purpose of export and import as well as submitting the required certificates for doing trade will be done online from now on as instructed by a…

The Securities and Exchange Organization (SEO) has predicted that 22 professional market maker funds are set to join the capital market to help major companies at the Tehran Stock Exchange and…

The banking system has granted more than 5 trillion rials ($187 million) and 157 trillion rials ($5.9 billion) in interest free loans to home-based businesses and young couples respectively, said…

The southern Kish Island is hosting 105 domestic and 15 international companies, which are taking part in two coinciding events, IRNA reported.

An official with the ministry of industry, mine and trade has suggested that tariffs must be imposed on the export of minerals, including iron ore, if the government wants to support domestic…

Close to 300,000 tons of commodities were offered on Tuesday at Iran Mercantile Exchange (IME), where different Iranian petrochemical and chemical companies offered 45 grades of polymers.

The TEDPIX continued to make gains on Tuesday, with the Tehran Stock Exchange (TSE) indices up more than 1.7 percent each, since Sunday.

The TSE’s main index started rallying once again at…

The Strategic Committee for Steel and Mining Industries Conference concluded its session on Monday by urging the private sector to play a stronger role in steel production chain, underlining the…

General agricultural census which is being conducted by the Statistical Center of Iran is key to the government’s planning for this sector, Mohammad Baqer Nobakht, vice-president for planning and…