Economy

A comprehensive system for exchanging information on combating money laundering pertaining to Bank Melli Iran, the nation’s biggest lender, has been established by the bank with the support of…

The initial public offering of the so-called Sakhab bonds took place on Iran Fara Bourse on Wednesday after months of trading by banks. The trading symbol of “BT051” opened on IFB in the early…

Major Iranian steelmakers exported 2.64 million tons of semi-finished and finished steel products during the first five months of the current Iranian year (March 21-Aug. 22), registering a 12%…

The ongoing seasonal ban on rice imports will be in effect until Nov. 21, Deputy Agriculture Minister Yazdan Seif said, noting that the ban started as of August.  

Tehran Stock Exchange’s main index lost 58.20 points or 0.07% to end Wednesday trade at 83,675.3.

About 424 million shares valued at $31.9 million changed hands for the day.

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A new freight train service bound for the Iranian capital of Tehran was launched from Yinchuan City of northwest China's Ningxia Hui Autonomous Region on Tuesday.

Two Indian firms have signed an agreement with the Industrial Development and Renovation Organization of Iran to finance the construction of a rolling stock manufacturing company.

Alborz Province Exports Promotion Company will open a permanent exhibition in Moscow late October based on an agreement reached by an Iranian-Russian consortium headed by Russia’s Elbin Bank and…

The industrial sector generates 32% of all jobs in Iran, a report by the Iranian Parliament’s Research Center said. The subsectors of construction, food and beverages, non-metal production,…

Minister of Roads and Urban Development Abbas Akhoundi attended a meeting with Oman’s Minister of Transport and Communications Ahmed bin Mohammed bin Salem Al-Futaisi and his Qatari counterpart…

The 21st round of Tabriz International Automobile Industry and Spare Parts Trade Fair, one of the major auto events in Iran, is underway in the northwestern province of East Azarbaijan.

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Canadian auto sales rose 6.9% in August, according to data released on Tuesday, as the industry benefited from a robust economy and rising consumer confidence. In a strong finish to the summer,…

Hurricane Harvey did for the auto industry what record profits for automakers, rising volumes for auctions and service-and-parts business had failed to do: Make Wall Street happy.

Coming off its worst economic recession and a string of corruption scandals in the highest echelons of power, Brazil is banking on a new era in its key oil industry to pull through one of the…

Governor of the Central Bank of Iran and the speaker of the National Assembly of South Africa met on Monday in Tehran, with both officials calling for expanded ties between Tehran and Pretoria…

Despite the recent buzz in the housing market, the growth in prices has so far been on a par with the inflation rate that hovers around 10%, the head of Tehran Association of Realtors announced…

Despite the recent buzz in the housing market, the growth in prices has so far been on a par with the inflation rate that hovers around 10%, the head of Tehran Association of Realtors announced…

In its most recent meeting, the Money and Credit Council, a top financial decision-making body, has ruled to raise the ceiling set for the annual turnover of rial accounts allowed for foreigners…

The Sixth International Conference and Exhibition on Materials Engineering and Metallurgy, also known as iMat 2017, is slated to be held in Tehran from October 28 to 29.

The dominance of foreign brands in Iran’s apparel market, mostly through smuggling, has undermined domestic production over the years.

In the hope of boosting domestic production and…

Tehran Stock Exchange’s main index gained 281.40 points or 0.34% to end Tuesday trade at 83,733.5.

About 755 million shares valued at $54.76 million changed hands for the day.

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More than 132,200 tons of different kinds of nuts worth over $351 million were exported from Iran during the first four months of the current fiscal year (March 21-July 22), registering a nearly…

Representatives from regional countries are expected to meet within the next two months in Iran to discuss plans for a new regional railroad that would run through five countries: Afghanistan,…

More than 770 tons of pencil sharpeners and sharpener blades worth close to 65.9 billion ($2 million) were imported from 10 countries during the first four months of the current Iranian year (…

Following the January 2016 implementation of the nuclear deal Iran signed with world powers in 2015, foreign financiers have been stepping in to fund domestic projects in Iran by opening lines…