Economy

Land under cotton cultivation in Iran had decreased by over 75% from the fiscal 2001-2 to 2015-16 to reach from 300,000 hectares to 70,000 hectares, turning Iran from a cotton exporter to…

Khorasan Razavi Province in northeastern Iran is estimated to produce 250-260 tons of dried saffron from 82,000 hectares in the current Iranian year (started March 21), the head of Khorasan…

US Secretary of State Rex Tillerson said the Trump administration is not seeking to disrupt European business deals with Iran, offering a message of reassurance following US President Donald…

A glance at Iran’s meat packing industry shows red meat production in the country has been climbing during the six years to March 20, 2017, narrowing the gap between…

Armenia has recorded an unprecedented growth in exports to Iran in Jan.-Aug.

As part of the visit of a delegation from Uzbekistan to Iran on Oct. 18 and following a joint business forum there, the two countries’ entrepreneurs signed agreements worth $25.5 million on the…

Over the first nine months of 2017, exports of Russian wheat, rye and corn to Iran through Makhachkala Sea commercial port grew by almost 30%, reaching 220,000 tons, the press service of the…

Italian groups will help build a major thermal power station south of Iran that roughly matches the output capacity of the country's only nuclear power plant.

Virtual currencies are slowly but steadily gaining traction across the world, as many are lured by their decentralized and somewhat exotic qualities once they get past the initial opaqueness.…

Money and Credit Council, a top financial decision-making body with the Central Bank of Iran, has approved rules to manage liquidity risk in banks and credit institutions.

As liquidity…

The collective figure of Iranian insurance companies’ premiums during the first half of the current fiscal year to Sept. 22 has reached 166 trillion rials ($4.15 billion), which indicates an…

Bank Melli Iran has benefited from another recapitalization worth 11.5 trillion rials ($295 million) which increased the capital of the bank to 198.5 trillion rials ($5.09 billion), BMI’s…

The Iranian capital market’s first foreign currency exchange-traded fund is expected to come on stream next week, the deputy head of Securities and Exchange Organization, Ali Saeedi, has…

Cement exporters will receive $3 for each ton of shipment as transportation subsidies from Thursday, the head of Iran Trade Promotion Organization, Mojtaba Khosrotaj, was quoted as saying by…

The issue of “consulate approval”, which negatively affected trade between Turkey and Iran, has been settled by Turkish Economy Minister Nihat Zeybekci and his ministry officials, the Turkish…

Tehran Stock Exchange’s main index gained 108 points or 0.13% to end Wednesday trade at 85,768.

About 862 million shares valued at $56.3 million changed hands for the day.

…

The city of Nimvar, located in Mahallat County of Markazi Province, is hosting the International Iran Stone Expo 2017.

The expo opened on Tuesday and will run until Friday.

More…

The Islamic Republic of Iran Shipping Lines plans to replace 49 ships with new ones within five years, the technical and commercial director of the state-run company said.

“The company…

Iran is one of the top milk producers and has ambitious plans to grab a bigger share of the global milk and dairy market.

In an interview with Financial Tribune, Deputy Agriculture…

More than 1.05 million tons of semi and wholly milled rice worth close to $996 million were imported into Iran during the first half of the current Iranian year (March 21-Sept. 22), registering…

An Iranian delegation is scheduled to visit Austria from November 12 to 17.

Italy's Ansaldo Energia signed a memorandum of understanding with several subsidiaries of the state oil company NIOC on Wednesday on using natural gas that is being burned off in South Pars Gas…

Saman Bank has signed a cooperation deal with the United Nations Children’s Fund (UNICEF) that involves the bank in humanitarian programs supported by the UN agency. Bank Saman’s CEO Seyyed…

The National Development Fund of Iran is to allocate a total of $2 billion to help Iranian exporters, the fund’s director said.

“Loans that are to be doled out by NDFI will be in the…

Iranian Minister of Economic Affairs and Finance Masoud Karbasian discussed issues of mutual interest with his counterparts from Brazil, Indonesia and Algeria on Monday.