Economy

Iran’s square billet producers chose to lower their prices to meet export customers’ price expectations and boost demand. 

In addition, a significant downturn in Turkey’s import scrap…

The Iranian flat steel import market has not shown any sign of a revival in activity over the past week.

The major factor behind the halt in purchasing was the high prices for foreign…

Iran Mercantile Exchange plans to start listing saffron and pistachio for trading by mid-February, chief executive of IME, Hamed Soltani-Nejad, announced. “Iran’s saffron market is mostly based on…

Tehran Stock Exchange’s benchmark index TEDPIX gave up 634 points or 0.8% for the week that ended February 1 to close at 77, 415.

Iranian weekdays start Saturday and end on Friday. Both of…

Two hundred and fifteen cooperatives and two guild unions were registered during the Iranian month ending January 19.

These newly-founded cooperatives, most of which are active in the…

An aggregate of 15.86 trillion rials (about $396.5 million) have been invested in Aras Free Trade-Industrial Zone over the past three years, the managing director of FTZ SAID. Mohsen Khadem Arab-…

A 20-member Iranian delegation comprising representatives of Tehran Chamber of Commerce, Industries, Mines and Agriculture attended a joint business forum with their Danish counterparts in…

American telecoms operator, AT&T is to launch its first so-called "5G Evolution Markets" in the cities of Austin and Indianapolis in the coming months. The new networks will offer a peak-speed…

Sharp Corporation lifted its full-year profit guidance after posting its first quarterly net profit in over two years as the Japanese liquid crystal display (LCD) maker pressed ahead with cost-…

Former local favorite messaging application Viber, has introduced a new feature called "Secret Messages." 

The new update follows other apps like Telegram messenger which has offered…

The government of the Indian state of Karnataka said on February 2 it welcomed a proposal from Apple Inc to begin initial manufacturing operations in the state, in a sign the tech company is…

The US dollar was quoted in the free market at 38,200 rials on Monday. According to the Association of Bureaux de Change Operators of Iran, rial strengthened from 38,250 to 38,000 per dollar…

Tejarat Bank has started offering services to French traders through its Paris branch “to help boost Iran-France commercial ties in the post-sanctions era”, the bank’s chief executive said.

A number of Iranian lawmakers and officials have voiced concern regarding the potential hazards of the steady increase in the country’s money supply (M2) in the past couple of years and called for…

A directive has been issued for the current fiscal year (started March 20, 2016) to extend the penalty waiver for loans fewer than 1 billion rials ($31,400) for the coming fiscal year too,…

The Organization for Economic Cooperation and Development will upgrade Iran's rating in the country risk classification of the Participants to the Arrangement on Officially Supported Export…

A paper recently authored by economists Roman J. Zytek and Mohammad Reza Farzin has reviewed the experience of Iran’s Targeted Subsidies Reform. The study addresses several criticisms of the key…

Iran has been pursuing trade promotion in the Commonwealth of Independent States countries for achieving economic cohesion with the region, director of planning at Iran’s Trade Promotion…

The goods and services Consumer Price Index for rural areas in the 12-month period ending January 19, which marks the end of the Iranian month of Dey, reached 7.1% compared with last year’s…

Iran exported around €523 million worth of goods to Italy over the seven months to July 30, 2016, registering a 95% hike compared with the corresponding period of the year before.

Iran’s first exclusive exhibition in East Africa is scheduled to be held in Nairobi, Kenya, during February 3-6. 

“More than 80 Iranian companies are expected to take part in the event…

Over 1,400 structural steel sales outlets have gone out of business in the past three years, says the head of Tehran Iron and Steel Union, Mohammad Azad.

“The recession in the construction…

Thirty percent of revenues earned by companies affiliated to the Islamic Revolution Mostazafan Foundation are allocated to poverty alleviation programs.

This was announced by Mousa…

Director General of the Supreme Audit Court of Iran Adel Azar said the “astronomical” salaries of corporate executives have been returned to the treasury in their entirety.

“After eight…

Tehran Stock Exchange’s main index plunged by 0.72% to end Wednesday trade at a four-month low of 77,414.9.

After breaking the 78,000 resistance level early in the morning, TEDPIX continued…