Economy

More than 1,220 tons of pomegranates worth close to $1.1 million were exported from Iran to six countries during the nine months to Dec. 21, 2017, the latest figures released by the Agriculture…

Over 171,000 tons of dates worth $167 million were exported from Iran during the nine months to Dec. 22, registering an 18% and 23% growth in value and weight respectively compared with last…

About $200 million worth of detergents are exported from Iran every year, the secretary of Detergent Producers Council said. Jamshid Forouzesh added that there is capacity to increase the output…

Iran and Azerbaijan will sign an agreement on the financing of Rasht-Astara Railroad project next month.

Announcing the above, Nurollah Beiranvand, the deputy head of the Islamic…

South Korea’s second batch of steel weighing 5,500 tons was unloaded at the Iranian port of Chabahar in the southeastern Sistan-Baluchestan Province, an official with the province’s Ports and…

Iran and Belarus signed a bilateral cooperation roadmap and vision plan for the three years to 2020, specifying their mutual collaboration in the fields of politics, economy, banking,…

China’s state-backed Beijing Automotive Group (BAIC) will take its electric vehicle unit public by injecting it into another listed subsidiary, boosting its financial muscle as the battle for…

Arman Motor Kavir, local auto importer of Luxgen vehicles unveiled the new S5  model at the Isfahan Motor Show (Jan. 23-26) in the central city. The Taiwan automaker made a debut in Iran at…

Iran Khodro is set to export 5,000 cars to Belarus within the next five years, the minister of industries announced at the closing ceremony of the 14th Iran-Belarus Economic Commission which was…

Iran and Iraq have reached an agreement to jointly develop two shared oilfields in the southern Khuzestan Province, according to a deputy at the National Iranian Oil Company.

President Hassan Rouhani said Iran has sufficient foreign exchange reserves to overcome any turbulence in the currency market and prevent the national currency from depreciating further.

The share of digital transactions in Iran has reached 10% of the total volume of liquidity in the country by the end of the seventh month of the current fiscal year on Oct. 22.

Shaparak…

The second and final day of the biggest electronic banking event in Iran featured several international keynote speakers, included several side events and workshops, on Tuesday.

Bank Melli Iran, the nation’s biggest bank, is planning to establish a branch of its subsidiary Mir Business Bank–based in Russia– in Iran, a member of its board said.

Armenian Prime Minister Karen Karapetyan has called on Eurasian Economic Union member states to take advantage of preferential terms in Meghri Free Economic Zone and export goods to Iran.

Out of the 15 trillion rials ($325 million) earmarked for agricultural mechanization in the current Iranian year that started on March 21, 2017, 598 billion rials ($130 million) have been paid…

The government sold 4.54 trillion rials ($98.27 million) worth of public companies’ shares to the private sector in the first 10 months of the current fiscal year (March 21-Jan. 20). About 3.95…

Bank Saderat Iran is scheduled to hold its annual and extraordinary general meeting on Feb. 4, according to the bank’s announcement on Codal.ir.

Two back-to-back meetings will see…

Beef supply in the domestic market is sufficient but due to people’s low purchasing power, the sales are low, the head of Beef Sellers Union said.

“The stocks are full and there is no…

More than 82,450 tons of different kinds of seafood worth $283 million were exported from Iran in the nine months to Dec. 21, 2017, registering a 23% and 37% growth in weight and value…

In a bid to support domestic fish farmers, Chairman of Iran Fisheries Organization Hassan Salehi has sent a letter to the Ministry of Agriculture calling for a ban on imports of Tilapia for…

Iran exported $518 million worth of commodities to Africa in the nine months to Dec. 22, 2017, up by 23% compared with last year’s corresponding period.

Iran and Belarus traded $14.5 million worth of agricultural products during the 10 months to Oct. 31, 2017, to register a 58% increase compared with last year’s corresponding period.

IPhone demand will disappoint this year, according to another Wall Street analyst. Atlantic Equities lowered its rating for Apple shares to neutral from overweight on Monday, predicting weaker-…

Adobe said Monday that it is raising its earnings targets for fiscal 2018 due to the expected financial impacts of the Tax Cuts and Jobs Act, which reduced the US corporate income tax rate from…