Economy

Over the past few years, Iran has never experienced a positive trade balance in the steel industry because the country has always imported more steel than it exported.

Tehran’s stock market continued its steady but sluggish upward trend on the week’s last trading day on Wednesday as the main index (TEDPIX) added 35.3 or 0.05 percent to finish up at 71,443.6.…

The Islamic Republic of Iran Railways said domestic carriage manufacturers in the private sector will be given priority to supply passenger cars and cargo wagons. The head of the organization,…

During the Persian year 1392 – started 21 March 2013 – Iran’s fishery sector supplied the market with 880,000 tons of fish, out of which 500,000 tons was from fishing in northern and southern…

Italian investors are surveying industrial opportunities in Kerman province in order to invest in its machineries sector. The head of delegation, Gino Tessari, stressed that anti-Iran sanctions…

Three candidates are competing for the first vice president’s seat at Iran chamber of commerce, industries and mines. The first VP will be elected Sunday to act as deputy following the election of…

Iran’s National Union of Beekeepers has slammed lack of transparency and provision of inaccurate data when it comes to beekeeping sector in Iran.

India is all set to acquire its first overseas port with the cabinet of India expected to clear the long-delayed Chabahar project in Iran within the next fortnight.

Union Shipping Minister…

The Rouhani administration aims to engage the private sector in completing semi-finished projects across the country, vice president for planning and strategic supervision said Tuesday.

The first national seminar on developing e-commerce was held on Wednesday at the ministry of industry, mine, and trade. The seminar’s aim is to promote cooperation between the public and private…

The problem with Chinese finance has been resolved and the two sides have agreed that China will open a line of credit for financing Iranian giant projects in the next 15 days, Chairman of joint…

The Securities and Exchange Organization has issued an establishment license for the 138th mutual fund in the country.

“Eftekhar Hafez” mutual fund has been successfully underwritten and…

Leader Ayatollah Seyed Ali Khameni has allowed the withdrawal of $10 billion from the National Development Fund of Iran for financing key water and soil projects amid the country's ongoing water…

The government has planned to repay its debt to contractors as soon as lawmakers approve a plan of action it sent last month to the parliament, Economy Minister Abbas Akhoundi said on Wednesday.…

Mutual funds have historically offered safety and diversification, and they spare you the responsibility of picking individual stocks. In Tehran, there were a few money managers who picked stocks…

After years of absence, cement is making its debut on the Iran Mercantile Exchange, said Secretary of Iran’s Cement Industry Employers.

Abdolreza Sheikhan said cement entered the mercantile…

The Chabahar economic free zone in Iran’s southeast will host the country’s third automobile manufacturing hub, said an official in Center for Free and Special Economic Zones. Mohammad Mo’ezodini…

Foreign companies at Iran Mercantile Exchange (IME) offered as much as 790 tons of agricultural products on the trading floor on Tuesday, while the total volume of commodities offered at the…

Nearly 266,000 tons of different grades of bitumen have been on offer at the export trade floor of Iran’s Mercantile Exchange on Tuesday, SENA reported.

Given the market demand, close to…

The Tehran Stock Exchange has sent 20 proposals to the parliament on ways to develop the capital market. A deputy TSE director says the recommendations can be included in the government's plan of…

After an up and down session, stocks ended near the flat line on Tuesday as the main index of the Tehran Stock Exchange (TEDPIX) inched up 6.1 points or 0.01 percent to 71,408.4.

The stock…

The total amount of Iranian families’ foreign currencies and gold holdings is estimated at more than five times the central bank’s gold reserves, a report said.

In light of failure of commercial banks in recent years to provide adequate degree of company loans on a widespread basis, the Central Bank of Iran urges them to sell their non-banking assets, a…

Lawmakers have introduced a motion which would add seven new clauses and a note to Article 34 of Monetary and Banking Law, but it has already been criticized by experts who believe it lacks proper…

The Azadi gold coin climbed for the third consecutive day on Tuesday, to 9.3 million edging up by 0.16 percent, almost erasing its 1.51 percent loss on Saturday.