Economy

Iran’s Ministry of Agriculture believes Malaysia can have a better differential import duty for palm oil.

Announcing the above, the Malaysian government’s news agency Bernama said Malaysia…

Tehran Stock Exchange’s main index added 87.30 points or 0.11% to end Tuesday trade at 76,766.

More than 858 million shares valued at $45.7 million changed hands for the day.

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Boeing’s agreement to sell 80 passenger jets to Iran may not be directly impacted by new US sanctions on Tehran, but the deal still could unravel.

This was stated in an article published on…

The Iranian government has finally caved in to pressure by the private sector calling for reduction of import duties on flat steel products due to local producers’ inability to meet downstream…

Iranian government officials and steel industry players met at Financial Tribune’s headquarters in Tehran on Tuesday to review the final agenda and general outlook for the Seventh Iranian Steel…

The government has issued 20 million bonds worth 3 trillion rials (about $780 million) at the over-the-counter Iran Fara Bourse to pay its debts to the Ministry of Education and those accumulated…

It seems Uber is serious about building flying taxis.

The online transportation network announced the hiring of former NASA engineer Mark Moore to kick-start its flying taxi project, Uber…

Visiting Iran’s Science and Technology Museum in Tehran will be free of charge on Thursday, February 9 to mark the anniversary of the 1979 Islamic Revolution.  The museum has five main…

In line with policy to strengthen ties between universities and industries, Iran’s ICT Guild Organization—known as NASR Organization— signed a memorandum of understanding Monday with  Tehran…

Iran’s third largest mobile operator, RighTel unveiled an indigenous mobile messaging application on February 6. 

The application is named RighPhone and was unveiled during a…

Ever wanted to get so immersed in a virtual world that you can feel and smell it? Thanks to Koei Tecmo, you might be able to.

Japan’s Koei Tecmo showed off their new cabinet, called “VR…

Iran’s Ministry of Communication and Information Technology unveiled a second phase of the National Information Network (NIN) on February 6.

The event was held on occasion of the 10-Day…

Iranians used 73 million bank cards by Dec. 20, of which 68 million or 93.29% were debit cards, the latest official data revealed. 

Gift cards and vouchers comprised 6.5% of the…

The Central Bank of Iran's new oversight plan for the banking system has employed the latest in international banking experiences and practices, announced the head of the much-anticipated scheme.…

The government's measures to plump up the capital cushion of public-sector banks will see the capital of Bank of Industry and Mine rise to 60 trillion rials ($1.5 billion), announced the bank's…

Middle East Life Insurance Company, affiliated with the privately-owned Middle East Bank, officially started operating on Monday as the first specialized Iranian insurance firm.

Dana Insurance Company, a major Iranian insurance firm, said it will expand ties with major Indian insurance firms, especially ones that continued to work with Iran during sanctions. Managing…

Per capita red meat consumption in Iran’s urban areas has decreased by 25% over the past decade to stand at 11.43 kilograms in the last Iranian year (March 2015-16), according to the head of…

Close to 6,300 tons of pomegranates worth 148 billion rials ($3.84 million) were exported during the nine months to December 20, the Islamic Republic of Iran Customs Administration’s data show.…

The United States’ Office of Foreign Assets Control has adopted a final rule amending the Iranian Transactions and Sanctions Regulations, 31 C.F.R. part 560 (ITSR), to authorize additional…

China is Iran’s biggest trading partner, yet while the trade marked an all-time high in terms of volume, trade value has taken a beating amid the global bear market.

“In 2016, 66.32…

Tehran Stock Exchange’s main index added 62.70 points or 0.08% to end Monday trade at 76,678.7.

More than 1.6 billion shares valued at $56.3 million changed hands for the day.

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When Iranian and Indian leaders signed the agreement to jointly develop the Chabahar Port—some 1,800 kilometers south of Tehran—last summer, it was heralded as a project that would transform…

Tehran has seen more than a few new faces ever since the lifting of sanctions imposed on Iran over its nuclear energy program and the reopening of the country to global trade. 

To…

Railroad projects worth 13.9 trillion rials ($360 million) will be inaugurated by Friday on the occasion of the 10-Day Dawn ceremonies, which culminate in the celebration of the 38th anniversary…