Economy

The US dollar gained against the rial on Wednesday to reach its highest value in Tehran’s foreign exchange market in almost a year. According to Tehran Gold and Jewelry Union’s website, the rial…

Financial institutions throughout the world have historically–voluntarily or otherwise–relied on mergers and acquisitions to adapt to an ever-evolving climate that has only surged following the…

Following the banking policies implemented during his first term in office (2013-17), President Hassan Rouhani has once again urged the country’s banking system to follow a roadmap that directs…

Iran imported some $1 billion worth of raw vegetable oil and exported around $76 million worth of edible oils in the last Iranian year (March 2016-17), the deputy head of Trade Promotion…

About $180 million worth of handmade carpets were exported from Iran during the seven months to Oct. 22, registering a 7.8% increase compared with the similar period of last year, the deputy…

Minister of Roads and Urban Development Abbas Akhoundi attended the One Belt-One Road Forum 2017 in Tbilisi and met with Georgian First Vice Prime Minister and Minister of Economy and…

Iranian electronics manufacturer Entekhab has submitted a letter of intent to purchase a 100% stake in South Korea’s Dongbu Daewoo Electronics.

The first phase of zinc concentrate production at Iran’s largest lead and zinc mine is set to be completed by the end of the next fiscal year (March 2019), the managing director of Mehdiabad…

The Central Securities Depository of Iran issued 19 trading codes for foreign investors in the eighth month of the current Iranian year (Oct. 23-Nov. 21) to trade in Iran’s capital market, the…

A business delegation from Tabriz in northern Iran was expected in Namibia's capital Windhoek on Wednesday to finalize a contract that in a year’s time could culminate in Iranian-designed…

After persistent calls and pressure from tire manufacturing companies the Industries Ministry has proposed a new guideline on tire imports including higher tariffs. If ratified, the tariffs will…

Daimler AG has rebuffed an offer from China’s Geely to take a stake of up to 5% via a discounted share placement due to long-held reluctance to see existing shareholdings diluted, people with…

BMW will boost spending on research and development next year, to 6.5-7% of sales, its finance chief, Nicolas Peter, told the German daily Handelsblatt.

Iran has kept up the pace of crude oil and natural gas production in the second and last term of Hassan Rouhani as president, government data indicated.

In a report…

In a letter to the Minister of Industries, Mining and Trade Mohammad Shariatmadari, Agriculture Minister Mahmoud Hojjati has called for reinstating the ban on rice imports until further notice…

The average age of regional airplanes is around five years, while that of Iran stands at 23, the head of Iranian Aviation & Space Industries Association said.

Holland-Iran Potato Seminar was held in Tehran on Tuesday with the aim of establishing joint ventures for producing seeds, creating varieties and transferring cultivation techniques.  The…

Hungarian Minister of National Economy Mihaly Varga will lead a delegation to attend a business forum hosted by Iran Chamber of Commerce, Industries, Mines and Agriculture in Tehran on Dec. 3.…

There seems to be no end to the gold coin fever engulfing Iran's market. Despite the Central Bank of Iran's attempts to bring the precious metal– traditionally favored by Iranians as a safe-…

In response to recent complaints of Iranian petrochemical companies regarding difficulties in transferring money from China to their accounts in Iran, the head of Iran-China Chamber of Commerce…

The Central Bank of Iran has ordered the establishment of a specialized committee to follow up on the implementation of banking relief measures for quake-stricken areas.

Tehran Stock Exchange's main index gained 599.70 points or 0.66% to end Tuesday trade at 91,255.2.

About 1.33 million shares valued at $68.82 million changed hands for the day.

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The Iranian Mines and Mining Industries Development and Renovation Organization plans to issue a tender calling on foreign and domestic investors to finance 15 newly-discovered mineral zones,…

Super-large container ships (between 100,000 DWT and 120,000 DWT) would be able to dock in Chabahar’s Shahid Beheshti Port with the completion of Phase 1 of the development project of the…

Iran aims to achieve self-sufficiency in beet production within three years, a deputy agriculture minister said.

“The area under beet cultivation in fall this year stood at around 16,000…