Economy

Renault unveiled the Duster Oroch no-frills pickup truck aimed at the emerging Latam market as the automaker bets on resilient demand in South America and hopes to build on the success of its…

An analyst has made the case that with the lifting of sanctions, foreign exchange rates will be unified and the major foreign currencies—notably the US dollar—would even appreciate against the…

Iranian banks can enhance public confidence if they fight against money laundering and help root out financial corruption, a move that can ensure banks’ safety, said CEO of Bank Keshavarzi (…

Iranian businesses are preparing for a jump in activity following the lifting of sanctions against Iran over its nuclear energy program.

As foreign investors and fund managers scour Iran…

After three weeks of rout at Tehran Stock Exchange, TEDPIX wrapped up the week ending June 17 in green, pulling up 1,238 points or 1.99 percent to settle at 63,559.7.

If you take a walk in Tehran, more than any other shop, you will probably see traditional independent grocery stores. Some of them, located right next to each other, are intensely competing over…

More than 464,402 tons of commodities were traded at Iran Mercantile Exchange’s spot market during the week that ended June 17 valued at more than $233 million.

As the IME reported, the…

Dominic Bokor-Ingram recently visited a growing economy full of well-run companies that the London-based money manager deemed ripe for investment.

The catch: The place was Tehran, a target…

Trade at Iran Fara Bourse rose 20 percent in value for the week ending June 17 compared to the previous trading week with chemicals accounting for the lion’s share of trades.

Exchange-…

Mineral explorations carried out by Iran Minerals Production and Supply Company during the last Iranian year (ended March 20) led to the discovery of more than 150 million tons of iron ore and 200…

The Ministry of Economic Affairs and Finance has backed off from its decision to sell the two major state-owned football clubs, Persepolis and Esteqlal, through auction.

Iran is home to one million carpet weavers, 700,000 of whom are career weavers, according to the caretaker of Iran National Carpet Center, Hamid Kargar. “Our country sees the making of three…

In a meeting with the Armenian Ambassador to Iran Artashes Tumanyan, Minister of Economic Affairs and Finance Ali Tayyebnia called for expanding economic cooperation between the two countries.

Afghanistan’s second vice president Mahmoud Saikal visited developmental projects in Chabahar Free Trade and Industrial Zone in the southern Sistan-Baluchestan Province on Wednesday. He was…

The government plans to implement the “Farming Beyond Borders Project” for cultivating water-intensive crops, according to vice president for executive affairs, Mohammad Shariatmadari.

“As…

Imports from Turkey indicate a general decline during the first five months of 2015, according to Secretary-General of Iran-Turkey Chamber of Commerce Seyyed Jalal Ebrahimi. As ISNA reported, the…

Scientists at the National Research Center of Saline Water Aquatics in Yazd Province have managed to harvest farmed caviar in the heart of desert in Bafq County, IRNA reported. The research center…

Rice imports show a teetering trend oscillating between 1.1 and 2 million tons over the past four years (2011-15), according to Iran Rice Importers Association. Since domestic rice production…

Owners of more than 10 SIM cards have been given an ultimatum to submit their personal details by Sunday.

The legal limit on the number of SIM cards that can be owned by one individual…

Researchers at Pardis Technology Park, east of Tehran, have created an Atomic Force Microscopy device that captures and saves 2,000 images of a process in only two seconds. The ultra high-speed…

Gross domestic product in the last Iranian year (ended March 20, 2015) reached 2,031 trillion rials ($70 billion at official exchange rate) at prices using the Iranian year 1383 (March 2004-05) as…

In a green trading day at Iran Fara Bourse, more than 104 million securities changed hands valued at close to $30.3 million, IFB reported on Wednesday.

The benchmark IFX gained 9.19 points…

For the first time, Iran Mercantile Exchange featured copper cathodes on its export trading floor in Wednesday trading.

Iran has developed the technology to produce steel rebar coil-winding machine, enabling it to save millions of dollars previously spent on importing the equipment. The coil processing machine for…

Deputy minister of industries, mines and trade, Mohsen Salehinia, says the industrial and mineral sectors received 45% more incentives in the last Iranian year (ended March 20, 2015) compared to…