Economy

Bank Mellat has officially restarted work in South Korea through its branch in Seoul, Iran’s ambassador to the East Asian nation announced.

Tehran Stock Exchange’s main index gained 67.70 points or 0.09% to end Wednesday trade at 78,700.2.

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

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Currently, 9,818 industrial units are active in Iran’s textile and apparel industries licensed by the Ministry of Industries, Mining and Trade, constituting 11% of all industrial entities in the…

Tehran will be hosting the first edition of the Iran Mining Technology Summit from July 11 to 12, Iranian Mines and Mining Industries Development and Renovation Organization reported. The event…

Iran exported €2.77 billion worth of goods to the European Union in the first quarter of 2017, registering a sixfold rise compared with the preceding year's corresponding period…

Saffron is the world’s most expensive spice, used to give a golden yellow color to food and its distinct flavor.

A National Geographic report surveyed the crocus fields of Iran, where more…

Iran exports about $600 million worth of confectionery annually, the chairman of Iran’s Biscuit, Confectionery and Chocolate Industries Association said.

The Commonwealth of Independent…

About $270.75 million worth of goods were exported from Iran to Iraq through Mehran Border Terminal located in Ilam Province during the three months to June 21.

Jobs created in Iran’s industrial parks during the first three months of the current Iranian year (March 21-May 21) have increased by 20% compared with last year’s corresponding period, Deputy…

Iran’s exports to Oman increased by 42% to increase from $376 million two years ago to $533 million in the last fiscal year that ended on March 20, 2017, Trade Promotion Organization of Iran’s…

The Trade Promotion Organization of Iran has called on exporters to sign up to the 21st edition of Top National Exporters Awards. Exporters across the country have until July 8 to register for the…

The Ninth International Iran Stone Exhibition, Natural Stone, Quarry, Machinery and Equipment, otherwise known as IRSE 2017, is scheduled to be held in Tehran’s International Fairground from July…

Oil Minister Bijan Namdar Zanganeh said serious negotiations are underway to develop Iran's hydrocarbon deposits, including Azadegan, Yadavaran and Yaran, major oilfields in the oil-rich Khuzestan…

The so-called Competition Council that keeps an eye on the pricing of local products, including vehicles, has given permission to some local carmakers to increase prices of several models.

Iran Khodro Group says it has upgraded its Peugeot 207i and the car  will soon enter the market with automatic transmission. Previously, IKCO used to offer the 207 equipped with automatic…

Iran Standards and Quality Inspection Company (ISQI) has released its latest report on the quality of local automakers’ products.

According to the latest statics provide by the Ministry of…

Iran Aseman Airlines will launch biweekly flights from Rasht, Gilan Province to the Georgian capital of Tbilisi on July 3, according to a statement on the official website of Rasht’s

Volkswagen AG plans to sell cars in Iran for the first time in 17 years, taking advantage of the easing of sanctions to expand amid concerns about stalling growth in Europe and China.

The…

Any driver without a personal auto policy will have his car confiscated by the police, as per a new directive approved by the Cabinet.

Based on the experience of countries that succeeded in absorbing foreign direct investment, incentives such as tax exemption, investment guarantees and customs facilitations play an important role…

The Central Bank of Iran has unveiled the blueprint based on which state-owned lenders must make their financial data publicly available in line with the government's efforts to boost transparency…

Sina Bank has established correspondent relations with 25 internationally recognized banks to benefit from their international experience and provide better services to customers, the bank’s…

The first quarter of the current fiscal year (March 21-June 2) saw cigarette production rise by 60%, imports fall by 75% and smuggling decline by 48% compared to last year’s corresponding period…

Two Mongolian meat companies, Eco Food Trading LLC and Darkhan Meat Foods LLC, have begun jointly exporting meat to Iran as part of an agreement to ship 4,000 tons of lamb meat. With around 61…

A lack of feasibility studies prior to constructing shopping malls in adherence to regulations in Iranian metropolises in the past few years has made them reach a saturation point, an executive…