Economy

Esfahan Steel Company inaugurated its iron ore beneficiation plant last week.

According to ESCO’s deputy head, Hassan Zia, the beneficiation plant has a processing capacity of 200…

The Ministry of Roads and Urban Development plans to establish a transportation development fund by the end of the incumbent government’s tenure.

Tehran Stock Exchange’s main index lost 179.00 points or 0.22% to end Sunday trade at 79,963.0.

More than 960 million shares valued at $62.9 million changed hands for the day.

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The government has bought some 28,000 tons of fresh tea leaves worth 650 billion rials ($17.3 million) from local farmers in northern Iran so far this year (started March 21), from which 6,300…

The export of Iran’s five main commodities shipped to the European Union has seen a significant increase in value in the last Iranian year (ended March 20, 2017), compared with the average…

Trade between Iran and Afghanistan has nearly doubled over the past three years, Afghan Ministry of Commerce and Industries Spokesman Musafer Qoqandi said.

“Official figures put Iran-…

An Iran-Armenia-Russia-Georgia business chamber will be established in 2017 with the involvement of state bodies and businessmen from the respective countries, Vruyr Penesyan, initiator and…

Portable electronic point-of-sale devices were advertised on prime time state TV Saturday by the company that has been given the license to promote the brand.

A mobile POS is a smartphone,…

A new Iranian startup called Hypertire.com has gone online with the promise of cheaper and better quality tires that "fit quickly to vehicles."

Hypertire was launched in Tehran at the…

The registration process for participating in the Sevan Startup Summit 2017 in Armenia has started with organizers welcoming teams from around the globe, including Iran.

Italy's antitrust watchdog said on Friday it was imposing a €3 million- ($3.3 million) fine on messaging service WhatsApp for allegedly obliging users to agree to sharing their personal data with…

Iran’s ATA Airlines has reached an agreement with Brazilian planemaker Embraer to purchase 10 new passenger planes, the carrier confirmed over the telephone to the Financial Tribune.

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Iran Air will receive four new ATR planes by Friday, deputy minister of roads and urban development, Asghar Fakhrieh-Kashan, said.

These will be the first deliveries out of a massive order…

The Central Insurance of Iran has finalized the assessment of insurance firms, selecting the top three companies during a conference on information technology and insurance, the Central Insurance…

One of the biggest hurdles of foreign investment is multiple forex rates since investors cannot be sure of the value of their investment when they intend to repatriate it out of the country, a…

The Central Bank of Iran has played a significant and effective role in implementing Basel II and III standards in the banking system, a board member of Bank Maskan said.

A number of foreign banks have submitted applications to set up branches in Iran, the Central Bank of Iran's deputy for foreign exchange affairs announced.

"These banks will be able to open…

Governor of the Central Bank of Iran Valiollah Seif has outlined four troublesome areas for the Iranian banking system and what is currently being done to effectively address them.

For the last 15 years, Iran’s total production of dates has stood at 1 million tons per annum while domestic demand is 600,000 tons, the secretary-general of the National Association of Iran’s…

Pests and diseases as well as natural disasters caused 12 trillion rials ($320 million) in damages to orchards and lost revenues in the last Iranian year (ended March 20, 2017), the deputy head of…

Iran’s Minister of Economy and Financial Affairs Ali Tayyebnia left Tehran for Beijing on Saturday to attend the so-called “One Belt, One Road” summit starting May 14. The two-day forum is…

The export of eggs from Iran remains hard to crack, even after the country was reported to be clean of the highly contagious H5N8 bird flu virus.

The economic policies of French President-Elect Emmanuel Macron could help forge good relations between France and Iran, a member of Iran Chamber of Commerce, Industries, Mines and Agriculture…

Shadegan Steel Plant’s direct iron reduction unit is scheduled to be inaugurated on Sunday by President of Iranian Mines and Mining Industries Development and Renovation Organization Masoud…

A total of 96,000 tons of goods were transited by road between Iran and Russia during the first three months of 2017, up 21.7% year-on-year. Russian trucks accounted for 83% of the overall goods…