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Economy News

Indigenizing modern technology in steel sector nullifies sanctions

Indigenizing modern technology in steel sector nullifies sanctionsWhile the U. S. unilateral sanctions on Iran in recent years have upset the Iranian industry in some sectors, the statistics indicate that the minerals sector has not been affected by the sanctions, while it’s been also improved....
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Iran, Kyrgyzstan open new chapter in economic relations

Iran, Kyrgyzstan open new chapter in economic relationsTEHRAN – Iran’s capital hosted the 12th Iran-Kyrgyzstan Joint Economic Committee meeting on December 3-4, during which the two sides discussed numerous issues regarding e...
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Iran, Senegal explore avenues of economic co-op

Iran, Senegal explore avenues of economic co-opTEHRAN – Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) hosted an Iran-Senegal business forum on Tuesday, in which the two sides discussed expansion...
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Forex rate not to be changed significantly in next year’s budget

Forex rate not to be changed significantly in next year’s budgetTEHRAN- Iranian Finance and Economic Affairs Minister Farhad Dejpasand said that the forex rate in the budget for the next Iranian calendar year (begins on March 20, 2020...
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Clash of titans: Is OPEC+ deal nearing its end?

Clash of titans: Is OPEC+ deal nearing its end?TEHRAN – Only a few days is left before the unveiling of a big decision which will mostly determine the future of oil market in the upcoming year....
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Clash of titans: Is OPEC+ deal nearing its end?

Clash of titans: Is OPEC+ deal nearing its end?TEHRAN – Only a few days is left before the unveiling of a big decision which will mostly determine the future of oil market in the upcoming year....
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Rail industry development plan to be drafted within a month

Rail industry development plan to be drafted within a monthTEHRAN – Iran’s Deputy Industry, Mining and Trade Minister for Industry Affairs Mehdi Sadeqi Niaraki said the draft for the country’s rail industry development plan will ...
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Value of trades at IME rises 25% in a week

Value of trades at IME rises 25% in a weekTEHRAN- During weekdays ended on November 28, while 867,603 tons of commodities worth over $857 million were traded at Iran Mercantile Exchange (IME), the trading volume ...
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Russian trade delegation to visit Tehran on Dec. 11

Russian trade delegation to visit Tehran on Dec. 11TEHRAN – A 23-member trade delegation from Russia’s Samara City is going to visit Tehran on December 11 to attend a business forum hosted by Tehran Chamber of Commerce, I...
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President inaugurates major development projects in northwestern province

President inaugurates major development projects in northwestern provinceTEHRAN- Iranian President Hassan Rouhani inaugurated several development projects in Tabriz, the capital city of the northwestern province of East Azarbaijan on Wednesday...
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Russia to loan Iran $2.8b upon previous agreements

Russia to loan Iran $2.8b upon previous agreementsTEHRAN – Iranian Energy Minister Reza Ardakanian said Russia, which has already provided Iran with $2. billion of facilities, is going to give another $2. 8 billion to fu...
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Mount Damavand is the highest peak in Iran and the highest volcano in Asia.

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Things to Know Before Trip
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