Economy

As per a ruling issued by the Ministry of Industries, motorbike safety and quality standards have been upgraded and eight new standards have been added to the existing 17. All Iranian firms…

Iranian iron ore miners experienced a good year in 2017, as they became the sixth largest supplier of the material to China by shipping about 22 million tons to the world’s largest importer of…

Iran exported more than $3.03 billion worth of goods to South Korea during the nine months to Dec. 21, 2017, registering a 36% and 30% growth respectively compared with the corresponding period…

Iran’s semi-finished steel exports during the first nine months of the current fiscal year (March 21-Dec. 21) stood at 4.61 million tons, marking a rise of 80% year-on-year, the Iranian Steel…

The Majlis Joint Commission has allowed the government to gradually remove 33 million people from the list of cash subsidy recipients in the next fiscal (March 2017-18).

A lawmaker said…

Tehran Stock Exchange’s main index gained 652.93 points or 0.67% to end Tuesday trade at 98,596.9.

About one billion shares valued at $49.90 million changed hands at TSE for the day.…

Iran Privatization Organization, the state-run entity overseeing the sale of state-owned companies, plans to divest the remaining stake of the government in major privatized lenders and thereby…

 The volume of investments made by the private sector in Tehran’s ailing housing sector in the first half of the current fiscal year to Sept. 22 has registered a 34.8% increase compared…

Iran’s Seventh Conference on E-Banking and Payment Systems will commence on Jan. 22 at Tehran’s Milad Tower and focus on innovation, new players in the electronic banking market and banks’ new…

The life insurance portfolio of insurers and its potentials have improved, in light of the number of people currently benefitting from its coverage, the head of the Central Insurance of Iran,…

Iran has 900,000 hectares under vegetable cultivation and produces about 28 million tons of different kinds of vegetables per year, making it the seventh and fifth in the world in terms of land…

Tehran Mayor Mohammad Ali Najafi speaks of “dark chapters” in the management of the capital city by his predecessor between the fiscal years 2005-6 and March 2017-18.

In a report…

Two rail projects, namely Malayer-Firouzan-Kermanshah and Mahabad-Urmia railroads, will become operational during the Ten-Day Dawn celebrations (February 1-11), marking the anniversary of the…

Iran-France Transportation Working Group held its first meeting in Tehran on Monday where representatives from transport ministries of the two countries discussed a wide range of topics,…

Average annual hours actually worked per person in Iran are at 800, a report by the Statistical Center of Iran announced.

For Japan, South Korea, China, Turkey, Germany, Pakistan and…

The First International Comprehensive Marine Exhibition of Iran, also known as MARINEX, has been scheduled for Jan. 24 at Tehran’s International Fairground, the official website of the expo, www…

Artificial intelligence programs built by Alibaba and Microsoft have beaten humans on a Stanford University reading comprehension test.

“This is the first time that a machine has…

US lawmakers are urging AT&T Inc, the No. 2 American wireless carrier, to cut all commercial ties to Chinese phone maker Huawei Technologies Co Ltd and oppose plans by telecom operator China…

The privately-owned Tourism Bank has signed an agreement with the Presidential Office for Science and Technology to help create a startup accelerator In addition to launching the startup…

Bank Sepah’s capital base has increased by 740% in the past two years, which led to the bank’s capital adequacy ratio (CAR) to hit 10.5% from a low of 2% during the sanctions, which have now…

In the latest meeting of President Hassan Rouhani’s Cabinet on Sunday, the Ministry of Economic Affairs and Finance was officially given the go-ahead to guarantee the recent foreign finance deal…

 Minister of Economic Affairs and Finance Masoud Karbasian, who also chairs the annual general meetings of all state-owned banks, has appointed Abolqasem Rahimi Anaraki as the new chief…

Top officials from the Central Bank of Iran and Turkey along with senior bankers met in Tehran on Sunday to discuss new ways of developing banking relations between the two neighboring states.…

Tehran Stock Exchange’s main index gained 715.46 points or 0.74% to end Monday trade at 97,944.1.

About 1.05 billion shares valued at $61.54 million changed hands at TSE on Monday.

The Economy Ministry plans to issue 10 trillion rials ($227 million) worth of bonds on Tuesday to finance the electrification of Tehran-Mashhad Railroad.

With a 17% yield to maturity, 10…