Economy

Iranian steel billet export prices fell by $5-10 per ton over the week ending Feb. 7 with deals being reported at lower prices.

Metal Bulletin’s weekly price assessment for Iranian…

A recent Supreme Court of India's decision to cancel all iron ore mining leases in an ore-rich state can open the way for Iranian ore miners to increase their share in the Chinese market.

Japan International Cooperation Agency signed a grant aid agreement worth up to 1.53 billion yen ($10.7 million) with Iran’s Health Ministry in Tehran on Monday to help Iran improve its medical…

International Business Machines Corp sued its former executive Lindsay-Rae McIntyre, who was named Microsoft Corp’s new chief diversity officer over the weekend, alleging violation of a one-year…

A local startup Borsipa has launched an online service for selling, donating and exchanging new and second-hand books.

Operating through borsipa.com, for using the services people need…

With mom, dad and grandma signing up in increasing numbers, Facebook is losing younger users in the United States at a faster pace than previously estimated, researchers said Monday.

A…

The US dollar hit new highs against the rial on Monday, as the foreign exchange market continued to surprise investors and policymakers who are struggling to accept record forex rates as the new…

Iran has established banking relations with close to 300 foreign banks two years after the landmark nuclear deal with world powers, the Central Bank of Iran announced.

Iranian banks have started buying Qatar’s riyal from exporters of goods and services to the Persian Gulf emirate, director general of Trade Promotion Organization for Iran’s Arab-African affairs…

The Central Bank of Iran has belatedly released its regulatory framework for the operations of payment aggregators, coming one step closer to completing its overarching vision for fintechs and…

A memorandum of understanding was signed on Monday between Tehran Air Quality Control Company, a subsidiary of Tehran Municipality, and Japan International Cooperation Agency on supplying the…

The outbreak of avian flu across Iran is posing a new threat. 

According to Secretary-General of Iran’s Union of Producers of Egg-Laying Hen Farzad Talakesh, the new H5N6 strain…

Iranian coastal guards seized 12,000 liters of diesel in the southwest of the country before it could be smuggled across the border. Acting Commander of Iran’s Coastguard Colonel Nader Soheili…

About 42,000 tons of agricultural products worth $25 million have been exported from Zanjan Province since the beginning of the current Iranian year on March 21, 2017, according to Abdollah…

A Russian-made Sukhoi Superjet 100 landed at Tehran’s Mehrabad International Airport on Monday for demonstration purposes.

The research arm of the parliament has revised upward its estimates of economic growth for the current fiscal year (March 2017-18) from the previous 4.1% to 4.6%. 

According to…

Iran exported more than $6 million worth of goods to Ghana in the 10 months to Jan. 20, registering a 127% increase compared with the similar period of last year, the deputy head of Trade…

Major Iranian mining companies produced an aggregate of 287.45 million tons of ores and mineral products during the first 10 months of the current fiscal year (March 21, 2017-Jan. 20),…

The average Producer Price Index for electricity in the 12-month period ending Dec. 21, 2017, which marks the end of fall, declined by 3.43% compared with the same period of last year and 2.52%…

An official with the Department of Environment has called on Sarcheshmeh Copper Complex to cut production until it addresses its emission issues.

“This factory’s environmental pollution…

Bank of Industry and Mine will be the first Iranian bank to sell off its excess assets on the capital market.

The state-owned lender is scheduled to offer a 51% stake in its investment…

Tehran Stock Exchange’s main index gained 142.03 points or 0.15% to end Monday trade at 97,924.7.

About 820 million shares valued at $31.81 million changed hands at TSE for the day.

Uber Technologies has agreed to settle a lawsuit with Alphabet’s Waymo over allegations that Uber stole and used intellectual property for self-driving vehicles.

Senior Renault board member Thierry Desmarest has resigned from the French carmaker days ahead of a meeting at which Chief Executive Carlos Ghosn is asking directors to back his chosen successor…

A subsidiary of Iran Khodro, Clean Auto Catalysts Co at the weekend launched production lines of Euro 5 catalysts at Mahmoud Abad Industrial Zone near the central city of Qom, 120km south of…