Economy

Italian oil and gas giant Eni is expected to sign a memorandum of understanding with the National Iranian Oil Company on Tuesday to study two Iranian oil and gas fields.

Tehran Stock Exchange’s total market capitalization grew 88.6% during the five years to March 2017 to reach 3.32 quadrillion rials ($88.96 billion).  The market’s total trade volume and…

Emami gold coin kept surging in Tehran’s market on Sunday after registering a three-month record high the day before.

According to Tehran Gold and Jewelry Union’s website, the coin gained…

With around 54% of Central and West Asia's paddy fields located in Iran, the country accounts for 61% of the regions' combined rice production, the Central and West Asia Rice Center said.

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More than 10,600 tons of different kinds of dates worth 373 billion rials (approx. $10 million) were exported from Iran during the first month of the current fiscal year (March 21-April 20),…

Iran and the Food and Agriculture Organization of the United Nations will carry out their first joint program on soybean cultivation in the city of Safiabad in the southern Khuzestan Province’s…

Iran Chamber of Commerce, Industries, Mines and Agriculture plans to hold online courses on the rules of World Trade Organization from July 1 to August 1.

The National Development Fund of Iran has $91 billion in reserves, Mohammad Hosseini, who also represents the parliament on the NDFI governing board, said. The NDFI is Iran’s sovereign wealth fund…

Bank Melli Iran's loan-to-deposit ratio is now 90%, which is considered acceptable, the CEO of the bank has said. "BMI adheres to the principles of financial and credit ratios emphasized by the…

Since Iran’s nuclear accord with world powers–officially known as the Joint Comprehensive Plan of Action–was implemented on January 16, 2016, the country has engaged in negotiations to attract…

Tehran Stock Exchange’s main index lost 294.60 points or 0.37% to end Sunday trade at 78,990.4.

Trading at TSE and Iran Fara Bourse starts on Saturday and ends on Wednesday.

About…

Iranian pharmaceutical company Behestan Tolid has wrapped up partnership negotiations with Merck Sharp & Dohme and is waiting for the Health Ministry’s go-ahead to start licensed production, a…

Sarcheshmeh Copper Investment Company was listed on the over-the-counter Iran Fara Bourse’s Second Market on Sunday. The 2-trillion-rial ($52.63 million) market cap investment company is a…

The Minister of Information and Communication Technology Mahmoud Vaezi voiced Iran’s readiness to export technical and engineering services related to information and communications technologies…

Director of the ICT Guild Organization Naser-Ali Sa’adat, has criticized a move by the Ministry of Industries, Mining and Trade to establish a specialized guild for online businesses, calling it…

Elon Musk’s Tesla Company has won a contract with Australia’s Transgrid to supply power-packing energy storage devices across several cities in New South Wales, in the first deal of its kind for…

Snapp, Iran’s biggest ride-hailing app, is aiming to expand its market by launching a motorbike delivery service in Tehran.

Dubbed “Snapp Box” the company is set to compete with other…

Twitter suspended several Arabic language Twitter accounts of Qatar’s news channel Al Jazeera on Saturday, following a so-called cyber attack on the website, Kurdish news agency Rudaw reported.

The construction of Phase 2 of the Tehran-North Freeway, connecting the capital to Chalus in Mazandaran Province, was officially launched on Saturday in the presence of first Vice President Es’haq…

The new tax regulations on housing activities, which replace old tax laws with pragmatic and precise regulations, will provide financial benefit for both builders and buyers, says the chief of…

As the administration of President Hassan Rouhani is preparing the stage for deeper economic reforms in its second term (due to start in mid-summer), private sector leaders are taking it to task…

Central Bank of Iran is using a new system of supervision in which risky banks are being closely monitored at a time when the fallout from shadow banks has beset the financial system, a CBI…

The National Development Fund of Iran–the main sovereign wealth fund– has announced that it has recorded a year-on-year increase of “50% plus” in opening letters of credit during the previous…

Economy Minister Ali Tayyebnia met his South Korean counterpart to finalize a $13 billion credit line which is to be allocated by two Korean financial institutions to support Iranian projects.

Iran’s total cereal production for 2017 is forecast to stand at 20.1 million tons to register a 0.9% increase compared with the 2016 estimate of 19.9 million tons, according to the latest data…