Economy

The Organization for Economic Cooperation and Development (OECD) has unsurprisingly upgraded Iran's rating in the country risk classifications of the Participants to the Arrangement on…

About 4.2 million tons of agricultural products worth $4.005 billion were exported from Iran during the nine months to Dec. 22, 2017, a deputy agriculture minister said.

“Agricultural…

Khorasan Steel Company set a record in monthly direct-reduced iron production, as it produced 128,029 tons of the steelmaking material in the 10th month of the current fiscal year (Dec. 22, 2017…

The Ministry of Industries, Mining and Trade issued 3,235 industrial permits across the country in the first seven months of the current Iranian year (March 21-Oct. 22, 2017).

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Iran exported $183 million worth of home appliances during the nine months to December 21, 2017, an official with the Trade Promotion Organization of Iran said.

Masoud Kamali Ardakani…

Tehran Stock Exchange’s main index gained 297.48 points or 0.3% to end Wednesday trade at 99,522.2.

About 1.27 billion shares valued at $77.87 million changed hands at TSE for the day.…

Bank Melli Iran’s large-cap investment arm, Tosee Melli Group Investment Company, is planning for a major downsizing by selling off shares in 30 companies.

TMGIC’s shares in eight of the…

Winners of this year’s edition of Nourbakhsh Banking Innovation Awards were introduced late Tuesday at the close of the two-day Seventh Conference on Electronic Banking and Payment Systems in…

After days of rallying against the rial in Tehran's foreign exchange market, the US dollar is showing signs of losing momentum.

On Wednesday, the rial was quoted at 45,720 to the dollar…

Members of the Money and Credit Council, a high-level financial decision-making body with the Central Bank of Iran, in its latest meeting decided to form a committee with the specific aim of…

The Iranian Parliament on Wednesday passed a bill aimed at joining the United Nations Convention Against Transnational Organized Crime.

More than 1,220 tons of pomegranates worth close to $1.1 million were exported from Iran to six countries during the nine months to Dec. 21, 2017, the latest figures released by the Agriculture…

Over 171,000 tons of dates worth $167 million were exported from Iran during the nine months to Dec. 22, registering an 18% and 23% growth in value and weight respectively compared with last…

About $200 million worth of detergents are exported from Iran every year, the secretary of Detergent Producers Council said. Jamshid Forouzesh added that there is capacity to increase the output…

Iran and Azerbaijan will sign an agreement on the financing of Rasht-Astara Railroad project next month.

Announcing the above, Nurollah Beiranvand, the deputy head of the Islamic…

South Korea’s second batch of steel weighing 5,500 tons was unloaded at the Iranian port of Chabahar in the southeastern Sistan-Baluchestan Province, an official with the province’s Ports and…

Iran and Belarus signed a bilateral cooperation roadmap and vision plan for the three years to 2020, specifying their mutual collaboration in the fields of politics, economy, banking,…

China’s state-backed Beijing Automotive Group (BAIC) will take its electric vehicle unit public by injecting it into another listed subsidiary, boosting its financial muscle as the battle for…

Arman Motor Kavir, local auto importer of Luxgen vehicles unveiled the new S5  model at the Isfahan Motor Show (Jan. 23-26) in the central city. The Taiwan automaker made a debut in Iran at…

Iran Khodro is set to export 5,000 cars to Belarus within the next five years, the minister of industries announced at the closing ceremony of the 14th Iran-Belarus Economic Commission which was…

Iran and Iraq have reached an agreement to jointly develop two shared oilfields in the southern Khuzestan Province, according to a deputy at the National Iranian Oil Company.

President Hassan Rouhani said Iran has sufficient foreign exchange reserves to overcome any turbulence in the currency market and prevent the national currency from depreciating further.

The share of digital transactions in Iran has reached 10% of the total volume of liquidity in the country by the end of the seventh month of the current fiscal year on Oct. 22.

Shaparak…

The second and final day of the biggest electronic banking event in Iran featured several international keynote speakers, included several side events and workshops, on Tuesday.

Bank Melli Iran, the nation’s biggest bank, is planning to establish a branch of its subsidiary Mir Business Bank–based in Russia– in Iran, a member of its board said.