Economy

Exports to Russia of more than 20,000 tons of fish and other aquatic products such as shrimp and trout will start as of July 23, announced the head of Iran Fisheries Organization. “No restrictions…

The first round of negotiations to sign a treaty on avoiding double taxation was held between the governments of Iran and Hungary from June 15-17 in the headquarters of the Iranian National Tax…

According to an agreement signed by Iranian Ambassador to Algeria Reza Ameri and Algerian Trade Minister Amara Benyounes, Iran is to help Italy build a date processing plant in Algeria by lending…

The punitive policy stipulated in the new law aimed at removing production barriers may put an end to business activities of commercial banks, Banker news website reported on Friday. Some…

Iran’s sovereign wealth fund announced new lending rates on Saturday.

Banks will have to pay the National Development Fund of Iran 5.2%, when borrowing from it to finance projects, the fund…

Lack of funds in commercial banks has made them reluctant and unable to undertake the newly-introduced mortgage package by the Money and Credit Council that sought to stimulate the struggling…

During a recent seminar on the role of development banks on economic growth, Minister of Economy Ali Tayyebnia announced that a banking overhaul plan, which he said has been drafted, would be…

While the prices of steel rebar have remained more or less unchanged over the past few weeks, steel beam prices have experienced a steady growth.

Market analysts believe fluctuations in…

As growth in crucial investment markets inside Iran has stalled, real-estate capital has increasingly flown abroad. Countries providing easy access to residence permits in return for property…

Iran Mercantile Exchange witnessed the offering of more than 27,000 tons of copper in the spot market on Sunday trade.

An unprecedented underwriting at Iran Fara Bourse was accompanied by a massive surge in daily trade volume and value, with more than 3.1 billion securities sold at $193.7 million on Sunday.

The construction of a cement plant has begun in the northern city of Damghan in Semnan Province, jointly financed by a Chinese company and Iran’s Bank of Industry and Mine. Tooyeh Darvar cement…

Researchers from several Iranian universities have designed a biosensor that can be used in measuring the effect of drugs on the stability of DNA structures preventing cancer cell growth.

Apple has determined that a small number of 3 TB hard drives used in late 2012 27-inch iMacs sold between December 2012 and September 2013 may fail under certain conditions. The company has…

A San Francisco biotech startup has an unusual solution to Africa's rhinoceros poaching problem: flood the market with synthetic rhino horn.

A long-awaited bill aimed at amending the compulsory motorists’ third-party insurance regulations would soon go to the parliament for approval.

O ver a hundred employees of defunct lender Mizan protested against the credit institution’s closure on Saturday morning.

The protest was held in front of the central bank’s main building…

Financial instruments are the backbones of modern economies. With an over $700 trillion market, derivatives–financial instruments whose value depend on the value of an underlying asset–have become…

In the month to April 20, the Central Bank of Iran and development funds provided 18 banks and privately-owned credit and financial institutions with 193 quadrillion rials ($6.6 billion at…

Iran Mercantile Exchange featured close to 175,000 tons of commodities at its spot market on Saturday trading, including about 60,000 tons of agricultural goods, IME reported.

Tehran Stock Exchange’s benchmark piled up more gains in a fresh rally amid upbeat news, to notch up 276 points or 0.43 percent at Saturday’s close, ending higher at 63,835.7.

The optimism…

Cement exports to Iraq have recently seen a 20% drop as the Arab country’s demand has decreased over the sluggish pace of construction projects, said secretary general of Iran-Iraq Joint Chamber…

Daily trade at Iran Fara Bourse reached about $91.8 million to post a 202-percent surge at Saturday’s close compared with the same day of last week.

As IFB reported, more than 108 million…

A great deal of financial news has lately focused on the US Federal Reserve’s two-day meeting amid stock prices tumbling in almost every market around the world. Speculations had it that the…

The growing security concerns in Afghanistan have pushed some Chinese and Indian companies to withdraw their mining investments from the country. This is increasing the chances that the investors…