Economy

Tehran Stock Exchange’s main index gained 456.50 points or 0.6% to end Saturday trade at 76,907.4.

More than 654 million shares valued at $50.5 million changed hands for the day.

…

Iran Mercantile Exchange saw the trading of about 2.7 million tons of commodities worth $1 billion in the Iranian month ending Sept. 21, which indicates an 8% growth compared to the previous month…

The largest semis producer in Iran–Khouzestan Steel Company–has signed a contract with Austria’s Horst Wiesinger Consulting, as it plans to expand production by the end of the current Iranian year…

Iran Veterinary Organization has never issued a permit for the production of organic chicken, which means the country does not produce organic chicken, an official with the organization said.

More than 100 leading Iranian scientists and university professors have signed a statement, voicing their support for the indigenization of transgenic technology.

Transgenic technology…

Investors have fled to bond markets and other safe haven assets, as poor economic prospects lowered appetite for stocks. The exodus also happened among mutual funds, where nearly 99% of their 948.…

The 16th edition of Tehran International Industry Exhibition, known as TIIE 2016, will be held on October 5-8 at Tehran’s Permanent International Fairgrounds.

Cement factories in Fars Province exported 285,700 tons of the construction material worth $11.7 million in the five months of the current Iranian year (started March 20), registering a 134% and…

MG, now owned by China’s SAIC Group, will stop making cars in the UK this year after the parent company decided to move full production back to China.

The company said the move will result…

Malaysia’s Proton, locally known in the past 15 years for its deal with Zagros Khodro, is reportedly in talks with three carmakers, including PSA Group, to sell a significant stake in the firm.

The brakes were pulled on the production of five cars in the Iranian month ending August 21.

One model was the Voleex C30 manual transmission, which used to be produced by Rayen Khodro, a…

Iran’s auto manufacturers produced just shy of 450,000 vehicles in the first five months of the current Iranian year (started March 20), noting a 10% increase year-on-year, new statistics showed…

The eighth specialized exhibition of auto industries and spare parts concluded in Rasht, Gilan Province, on September 24. The four-day event, according to the CEO of Gilan’s International…

The eighth round of National Population and Housing Census begins today and will run through November 15. According to the head of Statistical Center of Iran, Omid Ali Parsa, this round will be…

The US green light for Boeing and Airbus sales to Iran has broken a taboo and opens the door to a potential boom in foreign financial dealings with Tehran, experts said.

Three types of investment are currently under way for the development of Chabahar port which collectively amount to $565 million, said the managing director of Ports and Maritime Organization of…

The US Treasury Department’s recent decision to grant export licenses to Airbus and Boeing to sell commercial airplanes in Iran is a credit positive development for both companies and the broader…

Kish Iran Credit Card Company, an authorized payment service provider, unveiled PayPat application for use in both Android and IOS devices.

Spanish engineering company Ineco, together with local companies Moshanir and Hexa, and the Italian engineering group Geodata, has won a tender put out by Islamic Republic of Iran Railways for the…

Iran is planning to halt the export of raw iron ore from March 2017 and instead sell the processed form of the steelmaking ingredient to maximize returns as low prices prevail, an industry…

Iranian suppliers of square billet have reduced prices amid weak overseas demand and bearish sentiments of Chinese exporters.

Over 60% of Iran’s 80 million people are under 30 years and youth expectations for trendy cafes and recreation have increased.

It was an excellent opportunity for an ambitious young…

The inaugural Focus Iran Summit will open on September 26 at the Espinas Palace Hotel in Tehran.

The two-day investment summit aims to bring together top names from the world of business…

Iran Fisheries Organization has given the go-ahead for the local farming of tilapia in the central Yazd Province in cooperation with the Department of Environment.

Iran accounted for 1% of the world’s 1 billion tons of animal feed production in 2015, ranking 21st globally, according to the head of Iran Feed Industry Association. Majid Movafeq Qadiri added…