Economy

The construction of a cement plant has begun in the northern city of Damghan in Semnan Province, jointly financed by a Chinese company and Iran’s Bank of Industry and Mine. Tooyeh Darvar cement…

Researchers from several Iranian universities have designed a biosensor that can be used in measuring the effect of drugs on the stability of DNA structures preventing cancer cell growth.

Apple has determined that a small number of 3 TB hard drives used in late 2012 27-inch iMacs sold between December 2012 and September 2013 may fail under certain conditions. The company has…

A San Francisco biotech startup has an unusual solution to Africa's rhinoceros poaching problem: flood the market with synthetic rhino horn.

A long-awaited bill aimed at amending the compulsory motorists’ third-party insurance regulations would soon go to the parliament for approval.

O ver a hundred employees of defunct lender Mizan protested against the credit institution’s closure on Saturday morning.

The protest was held in front of the central bank’s main building…

Financial instruments are the backbones of modern economies. With an over $700 trillion market, derivatives–financial instruments whose value depend on the value of an underlying asset–have become…

In the month to April 20, the Central Bank of Iran and development funds provided 18 banks and privately-owned credit and financial institutions with 193 quadrillion rials ($6.6 billion at…

Iran Mercantile Exchange featured close to 175,000 tons of commodities at its spot market on Saturday trading, including about 60,000 tons of agricultural goods, IME reported.

Tehran Stock Exchange’s benchmark piled up more gains in a fresh rally amid upbeat news, to notch up 276 points or 0.43 percent at Saturday’s close, ending higher at 63,835.7.

The optimism…

Cement exports to Iraq have recently seen a 20% drop as the Arab country’s demand has decreased over the sluggish pace of construction projects, said secretary general of Iran-Iraq Joint Chamber…

Daily trade at Iran Fara Bourse reached about $91.8 million to post a 202-percent surge at Saturday’s close compared with the same day of last week.

As IFB reported, more than 108 million…

A great deal of financial news has lately focused on the US Federal Reserve’s two-day meeting amid stock prices tumbling in almost every market around the world. Speculations had it that the…

The growing security concerns in Afghanistan have pushed some Chinese and Indian companies to withdraw their mining investments from the country. This is increasing the chances that the investors…

Iran ranks among the top three date producing countries worldwide, with production exceeding 1 million tons per year. Different varieties of date fruit are grown in Khuzestan, Hormozgan, Bushehr,…

Bulgaria’s ambassador to Iran, Christo Polendakov, called for expansion of bilateral ties in a meeting with Iran’s deputy minister of industries, mines and trade, Hossein Esfahbodi. “My country…

Following a streak of objections from the weaving and clothing industries against the controversial preferential trade agreement with Turkey, the Trade Promotion Organization of Iran has finally…

It is a good sign that people in Iran are paying increasing attention to the accuracy of government data.  

The Imam Khomeini International Airport is boasting two new flight routes. According to IKIA’s deputy head of Airport Facilities Department, Nader Afshar, the new routes include flights between…

The government has allocated as much as 600 billion rials (more than $20 million at official exchange rate) for the preservation of natural resources in the current Iranian year (started March 21…

As per the decision of the Ministry of Industries, Mines and Trade, all items of clothing available in the market should have barcodes, said a member of the Iran Textile Exporters and…

Renault Pars, Renault's local joint subsidiary company, has announced that it will soon offer a new breakdown service for Renault car owners. The new service is aimed at Renault vehicle owners and…

European vehicle sales are up 7% this year through May, but the market is showing signs of a potential slump.

In May, sales grew 0.8% compared to the same month in 2014, according to…

Pars Khodro and French carmaker Renault are set to produce 15,000 Sandero hatchbacks in Iran by the end of the year (March 19, 2016), CEO of Azin Khodro Reza Rezaei said.  

Renault…

Honda Motor Co. confirmed an eighth fatal victim of a ruptured Takata Corp. airbag inflator after completing the investigation of a September crash in Los Angeles.

Jewel Brangman was…