Economy

The first iron ore pelletizing complex owned by the private sector will be inaugurated by March 2015, reported IRNA.

As many as six contractors and 230 people are working on the project,…

The ministry of industry, mine, and trade sent a proposal to the government to be approved based on which the manufacturers and owners of electric and hybrid cars would be given incentives,…

The Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) said the gold extracted from Zarshooran gold mine will be offered at the Iran Mercantile Exchange (IME) for…

After six weeks of rallies at the Tehran Stock Exchange, the benchmark pulled back amid ongoing uncertainties as well as newly-debuted shares within the week ending November 19, to broadly wipe…

Iran’s steel production in 2014 exceeded 13.5 million tons by the end of October, demonstrating a 6.5 percent hike compared to the same period last year, announced the World Steel Association. The…

The government is on a daily basis spending 1,500 billion rials in cash handouts saved through its annual earnings from the implementation of the Subsidy Reform Plan, said Deputy Minister of…

Economic ties with neighboring countries must be prioritized since it is an area least influenced by big powers, Secretary of Free Trade Zones Coordination Council Akbar Torkan said on Tuesday.

It’s winter again in the Iranian capital and that means pollution is on the rise.

The parliament speaker has criticized the overreliance of the economy on oil sales, saying that dependence on oil and gas revenues has impeded economic growth, as Shana reported. Speaking in…

If nuclear negotiations between Iran and the six world powers known as the P5+1 are finalized by November 24 deadline, Boeing Company will seek an extension from the US government to sell…

Trade between Iran and Russia may soon increase from the current $1.7 billion to $3 billion, Alexei Pushkov, the chairman of the International Committee of the Russian State Duma’s lower…

More than 60,000 tons of iron ore at the base price of $33 per ton was offered by Mishdovan Iron Ore Complex on the export trading floor at the Iran Mercantile Exchange on Wednesday, IME’s public…

Iran Khodro Industrial Group (IKCO) has manufactured more than 365,000 sedans and pickups during the 8 months that ended November 18. The figure accounts for the total production of the giant…

Large amount of textiles smuggled into the country have threatened the domestic textile industry and have become a lucrative business during the past decade, the major beneficiary of which are…

Uncertainty seems to have come back to the stock market, triggering irregular behavior at Tehran Stock Exchange all through this week, with unsettled investors lining up to sell risky stakes,…

The production of stones used for ornament and façade of buildings will reach 115 million square meters by the end of the current Iranian year, ending March 20, 2015, IRNA quoted Mohammad Fatemian…

The budget ran into a deficit in the first three months of the fiscal year, further pressuring the government on its fiscal policy and adding to the recent economic woes as oil prices continue to…

As we continue our guide through Iran's special economic zones (SEZs), which are different from their free trade zone cousins (FTZs) with slightly different laws and regulations catering to…

Oil prices have fallen off a cliff. This has raised concerns that the Iranian government could run a deficit this year. Sanctions and a faltering economy mean that if a deficit is run, the…

About 27 percent of the construction budget was spent by the government during the first four months of the current fiscal year, which started in 20 March, 2014. According to Tasnim news agency,…

The number of applications by foreign investors choosing Iran as their trade destination has increased fivefold during the past 12 months, director of Iran's Organization for Investment and…

In August 2010, the government of former president Mahmoud Ahmadinejad issued a bylaw to establish six major dry ports across the country established with the aim of decentralizing the country’s…

After years of importing Turkish-made furniture products, Iran has started producing its own furniture through acquiring the industrial know-how, Mehdi Saqafi, a former manager of the furniture…

For the first time in Iranian history, malt extract has been domestically manufactured in the country, Ali Rahmani, a manager of a domestic malt producing company told ISNA on Wednesday. “…

The government seeks to increase the share of industries in GNP to 25 percent by 2025 from its current 20 percent, Mohammadreza Nematzadeh, the minister of industry, mine, and trade said on the…