Economy

Iran Fara Bourse’s main index IFX gained 8.9 points or 0.93% to close Monday trade at its all-time high record of 969.57.

IFX’s previous historical high of 961.03 was reached on…

Golgohar Mining and Industrial Complex produced 13.66 million tons of iron ore concentrate and pellets during the first seven months of the current fiscal year (March 21-Oct. 22), indicating a 7…

SAIPA has signed a contract with Hyundai PowerTech Company, a subsidiary of the South Korean giant Hyundai Motor Co., for the production of gearboxes.

The deal was signed by the director…

The Central Insurance company of Iran has announced new vehicle insurance regulations through which the drivers’ behavior will have a direct impact on their car insurance rates, said CII’s…

A face-lifted version of the Chinese crossover JAC S5 was spotted on the streets in Tehran by car enthusiasts late last week. The vehicle had a temporary number plate issued to cars deemed ready…

US Treasury Secretary Steven Mnuchin squashed speculation that he has warned Turkish officials of possible sanctions targeting the nation in violation of Iran sanctions.

The number of residential deals in Tehran has increased during the first seven months of the current Iranian year to Oct. 22, indicating a pre-boom phase in the embattled housing sector, the…

Tehran Municipality, the body overseeing the management of the Iranian capital, is aiming to overhaul the way the megacity generates revenue, turning away from practices that had over decades…

US dollar once again surged against the rial in Tehran’s open market on Sunday, as the bull run for the currency continues.

Tehran Stock Exchange’s main index gained 481.20 points or 0.55% to end Sunday trade at 87,416.6.

TEDPIX crossed its 45-month high of 85,700 recorded on Jan. 15, 2014. The benchmark’s…

Iran’s biggest confectionery company, which is also one of the biggest in the Middle East, is planning to enter Qatar’s retail market.

Shirin Asal Food Industrial Group, with a turnover…

Iran’s semi-finished steel exports during the first six months of the current fiscal year (March 21-Sept. 22) stood at 3.19 million tons, up 86% year-on-year, Iranian Steel Producers Association…

HiWeb, one of Iran’s largest Internet service providers, has signed a merger agreement with its archrival Pars Online. The agreement was officially signed late Saturday by the two ISPs’ managing…

The tea harvest season in Iran has come to an end. This year, 108,000 tons worth 2.03 trillion rials ($50 million) were purchased from local farmers, registering a 23% decline compared with last…

Iran exported over 1.27 tons of garlic worth 40.55 billion rials ($1.25 million) during the five months to Aug. 22, figures released by the Islamic Republic of Iran Customs Administration show…

For happy and sad occasions, flowers are a part of daily life in Iran, but Iranians have not been able to exploit the full potential of a global industry worth $104 billion a year.

For…

More than 5,000 tons of shampoos worth over 531.4 billion rials ($16.38 million) were imported into Iran from 15 countries during the five months to Aug. 22, figures released by the Islamic…

The increase in Consumer Price Index ranged from 0.4% to 11.9% for different goods and services in the 12 months ending Oct. 22, compared with last year’s corresponding period. According to the…

India on Sunday sent its first consignment of wheat for Afghanistan to be transited through Chabahar Port in Iran, seen as a “landmark” move to operationalize the strategic transit route.

Iran Space Research Center is set to expand collaboration with academia and increase investment in the sector.

The center's research deputy, Saeed Shakhesi, said more than 100 research…

Iran's top Internet service provider and three local mobile operators have started offering free Wi-Fi services in Tehran and other major cities.

According to the Telecoms Ministry's…

A new debit-card-stealing malware is targeting Iranian Microsoft Windows users and the attack is turning into an epidemic.

A government agency affiliated with the Telecom Ministry, Iran…

Bushehr Nuclear Power Plant in the south has generated 25 billion kilowatt-hours of electricity since it went on stream since its launch in 2011, which is equivalent to consuming 6 billion…

After reports emerged that the banking woes of Iranian citizens in China have resurfaced and they are increasingly finding their accounts closed, the Iranian Embassy in Beijing announced that it…

In an unprecedented move, the Central Bank of Iran has increased the official rate of US dollar by 300 rials on Saturday.

CBI began gradually increasing the official rate of the…