Iran Mercantile Exchange’s industrial and mining trading board witnessed the supply of 17,700 tons of A3-12-32 rebars by Isfahan Steel Company at the base price of $0.3 per kg on Monday, in…
Economy
Ten years ago, half of the imported plastics and rubber machines sold in Iran came from Germany. Today, after years of western sanctions over Iran’s nuclear programs, it’s virtually zero.
The global annual worth of financial transactions in the field of information technology amounts to $3.8 trillion, of which Iran has a meager share of $6 billion, said the Ministry of…
Iranian researchers have built a home connectivity system that works via wireless Internet.
Ali Moqaddas, a researcher at a knowledge-based company, added that the new system provides the…
Samsung Electronics Co. Ltd, the world’s top smartphone maker, plans an initial production run of about 5 million of its upcoming Galaxy S7 smartphones.
Air pollution could be big business.
Two of the world’s largest technology firms, IBM and Microsoft, are vying to tap the nascent, fast-growing market for forecasting air quality in…
The securities and exchange organization is determined to reactivate its financial diplomacy as soon as the sanctions are lifted, said Mohammad Fetanat, head of Iran's Securities & Exchange…
The Central Bank of Iran has issued a directive to banks and credit institutions to augment their support for manufacturing units, banker.ir reported.
Chief executive of Shahr Bank (city bank) called for the formation of a banking consortium to enhance public transportation in big cities. Hussein Muhammadpour Zarandi said “air pollution in urban…
Governor of the Central Bank of Iran said Sunday that interest rates would be acceptable only if they are 2% over and above the inflation rate.
Close to 32 million tons of iron ore will be produced by the end of the current Iranian year (March 19, 2016), said vice president of Iran Iron Ore Producers and Exporters Association. Bahram…
Iran’s steel mills produced 14.8 million tons of crude steel from January to November 2015, showing a 1% drop in terms of volume compared to last year’s similar period. The decline comes in line…
Iran’s 101 brokerages are struggling to get out of the red. The over two-year slump in equities, as a result of years of recession and multiple crises, has sapped their earnings.
Ardabil has exported 98,000 tons of potatoes in the current Iranian year (started March 21), according to the northwestern province’s Agricultural Jihad Organization…
Iran’s sugar reserves are adequate and the country need not import it in the current Iranian year (to end March 19, 2016), Mehr News Agency quoted deputy minister of agricultural jihad, Abbas…
The Second Exhibition of Iranian Producers’ Participation in Metro Industry aka Rinex 2016 will be held in Tehran’s Goftegou Park in January 17-19. The event is organized by Tehran Urban and…
Iran’s saffron, pomegranate, pistachio and concentrates of pomegranate and Damask rose have secured the organic certification from the European Union, says the head of the Organic Association of…
The Australian Trade Commission, aka Austrade, plans to send a trade delegation to Iran next year to increase bilateral trade, says Australia’s Ambassador to Iran Paul Foley. Austrade, a state-run…
Seeking to capitalize on the easing of western sanctions on Iran, China's railroad authority has proposed a high-speed rail line for both passengers and cargo connecting the country's northwest…
Parliamentarians have rejected the bill to establish seven free trade zones in Bushehr, Mehran, Baneh and Marivan, Ardabil, Incheh Borun, Zabol and Jask, in addition to 80 special economic zones,…
Iran will be setting up three centers abroad for promoting the export of knowledge-based products, an official at the Presidential Office's Science and Technology Department said. According…
Researchers from the Iranian Research Organization for Science and Technology have designed and produced dual-nozzle 3D printers that allow two-color prints with application in medical field.
Iran’s export customs clearance formalities now take one day to complete (excluding petrochemical exports), says the head of Islamic Republic of Iran Customs Administration, Masoud Karbasian. He…
Export Development Bank of Iran has launched a news website to cover topics in international trade, non-oil exports, and promote business information. Ali Saleh Abadi, head of EDBI, said that the…
A little over two months ago the government unveiled an incentive package to stimulate the economy and ease the recession. The plan was designed after the nuclear agreement with the six…
