R Refining companies have been given five years by the Financial Stability Committee (FSC) to improve the quality of their products, including aviation fuel.
The FSC bill was approved by…
Economy
Economy
Copper, the third most widely used metal in the world after steel and aluminum, is deeply affected by the global economy, to the extent where an increase in its price reflects growth in the major…
Economy
The rial dropped against all major currencies on Monday extending losses for the third consecutive day as demand outweighed supply in Tehran.
The US dollar regained half of the ground it…
Economy
Iran’s commercial lenders are in a rut. They are facing challenges that could damage the entire banking system. They are being called profiteers. Various centers of power, namely the government…
Economy
B anks and credit institutions can invest indirectly in the equity markets. The Central Bank of Iran issued a directive pertaining to this matter on Monday. The move is aimed at increasing equity…
Economy
Sixty-one percent of the aggregate amount of deposits within the Iranian banking system is entrusted with the banks in Tehran. Out of the overall 7.5 quadrillion rials ($274 billion) of…
Economy
Not only do Iranian lighting products rival those made in Germany and France, they are also exported to Italy, which is a leading country in the industry, said the head of the guild of…
Economy
More than 9.25 million metric tons of cement was exported during the past 8 months, said the secretary of Iranian Cement Industry Employers Association.
“The export suffered an 8% decline…
Economy
The minister of industry, mine, and trade says his ministry is planning to merge small automakers, emphasizing that the plan would take time, Eghtesadnews reported on Sunday.
Mohammad-Reza…
Economy
Based latest data released by the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO), Iran produced more than 12.6 million metric tons of crude steel during the…
Economy
Stocks swung between small gains and losses on Sunday, with the Tehran Stock Exchange main index (TEDPIX) inching up 0.07% after the listed petrochemical firms contributed positively to the…
Economy
Iran Mercantile Exchange (IME)’s industrial and mining floor was host to various types of copper offered by the National Iranian Copper Industries Company (NICIC) on Sunday.
Economy
The initial public offerings of four government-owned companies will be launched on Febraury 17, Iran Provitaization Organization (IPO) reported. Close to 90 million shares of Kermanshah Oil…
Economy
The Kish Free Zone Organization announced on Sunday that it signed an agreement with the National Standard Organization to delegate the responsibility of Import/Export Quality Control and cargo…
Economy
G overnmental debt to the banking system surged during the first six month of the current fiscal year. Governmental debt reached 1.28 quadrillion rials ($47 billion at official exchange rates) by…
Economy
The Central Insurance of the Islamic Republic (CIIR) has recently published official statistics on the insurance industry for the fiscal year ending March 20, 2014 (1392). The industry is…
Economy
Ericsson is reportedly in negotiation to partner with the first Iranian 3G operator RighTel, a source familiar with the talks said.
Economy
Fifteen percent of Iraq’s foreign trade is with Iran, announced Yahya Al-Es’haq, the head of Iran-Iraq joint chamber of commerce, in the second conference on introducing business opportunities and…
Economy
In the second quarter of the current fiscal year (June 22-Spetember 22, 2014), the country's economic growth rate was 3.7 percent including the petroleum sector and 3 percent excluding the sector…
Economy
The lopsided implementation of the subsidy reform plan has exacerbated the widening rift between the country’s social classes, IRNA reported.
“As it was anticipated by the CBI in 2012, the…
Economy
Iran’s business activities should be focused on trade with neighboring countries as the economic sanctions imposed by the West keep the country from being a big player in the global market, Majid…
Economy
The agriculture minister, Mahmoud Hojjati, and his accompanying delegation left the country for China on Sunday at the invitation of his Chinese counterpart, Han Changfu, IRNA reported.
Economy
Plans are underway to expand Aras industrial site on Iran-Armenia border, Akbar Torkan, the presidential chief advisor and secretary of the Council of Iran’s Free Trade, Industrial and Special…
Economy
About 1.3 thousand tons of cigarettes, worth $9.6 million, have been imported in the months of Azar (November 21-December21), accounting for 0.23 percent of the country’s total import in this…
Economy
About 5.9 million tons of different essential commodities were imported to the country during the first nine months of the current year, Deputy Minister of Agriculture Ali Ghanbari said on Sunday…
Economy
