Economy

First Vice President Es’haq Jahangiri said on Monday all sections of the ruling system, including the government, judiciary and the Supreme National Security Council, are unanimously determined to…

Iran needs money. It needs cheap financing to develop its diversified industrial base and save it from recession. It also requires foreign exchange credit and bilateral trade deals to diversify…

More than 195,000 tons of chicken and eggs and 845,000 tons of dairy products were exported in the first three months of the current Iranian year (started March 21), indicating a 30% increase…

Members of Iran Chamber of Commerce, Industries, Mines and Agriculture discussed the presence of foreign investors in Iran and warned against an increase in the share of the government in the…

The current infrastructure of the free trade zones in Iran is poor and are no match for other regional FTZs when it comes to attracting foreign investors, said the director of the office for…

In a meeting between Minister of Industries, Mining and Trade Mohammadreza Nematzadeh and his Afghan counterpart Daud Shah Saba, the Afghan minister expressed his country’s readiness to send a…

Business owners in industrial towns are soon to enjoy a 5-10 year tax-exemption program aimed at promoting domestic production, announced deputy head of the Iranian Small Industries and Industrial…

Guinea has renewed a 25-year agreement with Iran to allow it to continue producing bauxite.

About 119,000 tons of commodities worth more than $48 million were traded at Iran Mercantile Exchange on Sunday. As IME reported, 860 tons of white sugar, 110 tons of Brazilian corn and 2 kg of…

Iran Mercantile Exchange is expecting the presence of international financial institutions once sanctions (imposed by the US, EU and UN against Iran over its nuclear program) are lifted, says IME’…

An early uptick at Tehran Stock Exchange on Sunday was reversed by Bank Mellat ticker symbol’s return to the board, which was accompanied by selloffs that dramatically pulled down the benchmark.…

Iran will soon be open for business, following the agreement reached on July 14 with the EU, US, China and Russia over its nuclear program.

Iran's University of Social Welfare and Rehabilitation Sciences plans to set up the first Next Generation Sequencing center in the coming months, said the president of the university. …

Iran's Scientific and Industrial Research Organization has announced that one of its subsidiaries has designed and manufactured hovercrafts in Iran.

A new range of cellphone numbers will soon be offered by the Mobile Telecommunications Company of Iran, abbreviated as MCI, following the approval of the Communications Regulatory Authority.

Google Inc announced a surprise overhaul of its operating structure on Monday, creating a holding company called Alphabet to pool its many subsidiaries and separate the core web advertising…

Bank Saderat of Iran ranked first among Iranian banks in 2015 and was placed among top 1,000 world banks, The Banker announced in its latest annual ranking report. Performance, volume and benefits…

News website Banker defended the Central Bank of Iran’s management of the money market, saying the bank had fared well in its quest to curb inflation and the growth of money supply.

The…

The Central Bank of Iran has reportedly greenlighted a move by private banks to hire the former employees of the defunct Mizan Financial Institution.

The newly appointed CEO of Iran Mercantile Exchange has defended the creation of the real-estate bourse, saying it would not cause a hike in housing prices.

Hamed Soltaninejad said in his…

About 5,000 tons of olive oil is annually imported, the major part of which in fact is olive pomace oil –made from the residue left after producing virgin olive oil using industrial solvents – and…

The decorative stone market has been going through a period of low demand with many processing units closed. While some blame the problem on poor exports resulting from low quality of Iranian…

The free trade zone project between Turkey and Iran is advancing as Iran seeks to reconfigure its relations with western countries. The project of establishing a free trade zone on the Turkish-…

More than $140 million worth of goods were imported from the United States in the first half of 2015, showing a 60% increase compared to the similar period a year before, US Census Bureau, a body…

The CEO of New Zealand’s giant multinational dairy cooperative Fonterra says Iran has “huge potential” as a destination for the company’s dairy products. “Iran is a…