Economy

Iran Polymer and Petrochemical Institute unveiled locally produced synthetic blood vessels and polymer wound dressings on Jan. 22. According to Mehr News Agency, the institute will launch the…

South Korea will ban the use of anonymous bank accounts in cryptocurrency trading from Jan. 30, regulators said on Tuesday in a widely telegraphed move designed to stop virtual coins from being…

Tehran’s iconic Milad Tower on Monday hosted the largest banking event of the year, which whole-heartedly supported financial technology and innovative solutions to succor an economy…

Governor of the Central Bank of Iran Valiollah Seif assured markets on Monday that the big rally in foreign exchange rates is temporary and that the market will cool off.

Bank Maskan, the agent bank of the housing sector, is upbeat about emerging out of its years-long stagnancy, as 14.2 million housing bonds have been traded by the end of the 10th month of the…

Trade Capital Bank, Tejarat Bank’s affiliate in Belarus, has active banking ties with its counterparts in the Eastern European nation, according to the minister of industries, mining and trade…

Iran became the world’s second largest direct-reduced iron producer in 2017 by producing 20.5 million tons of the steelmaking material, up 28.3% year-on-year, the latest data by World Steel…

Tehran Stock Exchange’s main index gained 408.42 points or 0.42% to end Monday trade at 98,629.4.

About 1.10 billion shares valued at $49.88 million changed hands at TSE for the day.…

The latest development in the tug-of-war between Iran and Saudi Arabia has manifested in the kingdom blocking an investment deal by South Korea in Iran’s steel industry.

Minister of Industries, Mining and Trade Mohammad Shariatmadari said only half of Iran’s active industrial units are operating above 50% of their capacity.

Iran’s first hydroponic greenhouse has come on stream in Markazi Province.

The first phase of the project with an area of 15 hectares became operational in Zarandiyeh.

Once…

A 15.85% controlling stake in Iran’s largest auto producer, Iran Khodro Group, is scheduled to be put up for sale on Tehran Stock Exchange on Jan. 31.

The sale includes more than 2.2…

Iran exported over 160 tons of saffron worth $219 million during the nine months to Dec. 22, 2017, indicating a 26% and 33.33% growth in value and volume compared with last year’s corresponding…

Avian flu infecting Iranian chicken farms has created a new challenge in chicken breeder farms and a threat to the whole country’s meat output.

The “Repair and Installation of Machinery and Equipment” subsector shrank by 49.6% in the first half of the current fiscal year (March 21-Sept.22, 2007) compared with last year’s corresponding…

The 14th session of Iran-Belarus Economic Commission, co-chaired by Iran’s Minister of Industries, Mining and Trade Mohammad Shariatmadari and Belarusian Industry Minister Vitaly Vovk opened in…

The Islamic Revolutionary Guards Corps and other branches of Iran’s armed forces have been instructed to sell off business holdings and commercial assets “irrelevant” to their main function, the…

Inauguration of Iran Khodro-AzEuroCar LLC joint production plant known as Azermash is scheduled for March, the JV’s Azeri chairman of the board told reporters over the weekend.

BMW has acquired Parkmobile, an app that provides guidance and services for those looking for parking in North America, including on-street and garage parking payments and spot reservation.

Iran's sovereign-wealth fund has approved more than $36 billion in foreign exchange loans since its inception about six years ago until the third quarter of the current fiscal year to Dec. 21.…

Major currencies continued their bullish trend in Tehran’s foreign exchange market on Sunday, prompting the rial to fall to record lows. According to Tehran Gold and Jewelry Union’s website, the…

The goods and services Consumer Price Index in the 12-month period ending Jan. 20, which marks the end of the Iranian month of Dey, increased by 8.2% compared with last year’s corresponding…

Chairman of Iran National Carpet Center Hamid Kargar expects Iran's exports of hand-woven carpets to reach $400 million by the end of the current fiscal year (March 20).

Last year's (…

The Rasht-Astra Railroad project will be carried out by Iran and the neighboring Azerbaijan, each providing 50% of the required finances.

Announcing the above, Deputy Minister of Roads…

Iranian company Agro Portal, with the help of Kazakhstan’s National Company for Investment Support and Promotion, also known as Kazakh Invest, has invested in the construction of a halal meat…