Economy

The two high demand currencies in Tehran’s market, namely the US dollar and euro, followed entirely different trends during the week to July 18. The rial was quoted at 37,780 to the greenback on…

The next phase of waiving late payment penalties for non-performing loans has begun at the Central Bank of Iran, prioritizing loans under 400 million rials ($10,600(.

The Association of Private Banks and Credit Institutions has surveyed factors behind a radical surge in the debts of private lenders to the Central Bank of Iran as a result of overdrafts,…

Tehran Stock Exchange’s main index inched up 42.80 points or 0.05% to end Tuesday trade at 79,735.7.

Trading at TSE and Iran Fara Bourse starts on Saturday and ends on Wednesday.

…

The European Commission has decided that Iran’s exports of hot-rolled coil to the continent will be subject to definitive anti-dumping duties.

According to a preliminary document seen by…

Mineral companies affiliated with Iranian state mines and metals holding company, IMIDRO, produced 9.49 million tons of iron ore concentrate in the first three months of the current Iranian year (…

Extroversion is the only magic word for the survival of Iran’s economy and industries, top presidential advisor, Masoud Nili, said.

A total of 376 million liters of engine oil were produced by Iran’s four major companies, namely Behran Oil Company (129 million liters), Iranol Oil Company (109 million liters), Sepahan Oil…

After months of being taken over by a private consortium, Iran’s largest lead and zinc mine finally started operation on Tuesday, Iranian Mines and Mining Industries Development and Renovation…

Iran produces about 300,000 tons of cherries per annum, accounting for close to 2% of the global production of the fruit, the manager for development at Commercial Affairs Office with Tehran…

The Persian Gulf port of Shahid Rajaee in the southern Hormozgan Province handled 670,400 twenty-foot equivalent unit of containers during the first three months of the current Iranian year (…

Pakistan is serious about its preferential and free trade agreement with Iran, in the quest of an elusive exponential increase in exports.

Pakistani policymakers hope for significant jumps…

Iran Airports Company registered 121,688 takeoffs and landings during the first three months of the current Iranian year (March 21-June 21), which shows a 6% rise compared with the similar…

An economic delegation of Thai economic players and business owners, including producers of edible oils, coconut powder, hair and skin-care products, ginger, chocolate, jelly beans and chewing gum…

Canada will provide $100 million in finance for a deal between Montreal-based multinational aerospace and transportation company, Bombardier Inc., and Iran’s Qeshm Free Zone Organization for…

Iran is set to export lab equipment in the field of nano technology to China, Ecuador, Cuba and Indonesia as part of a push to globalize the industry. Head of Iran Nanotechnology Initiative…

Telecoms Minister Mahmoud Vaezi unveiled the third and final phase of the National Information Network (NIN) on July 16.

With the initial phase launched in August 2016, the project aims to…

Persian-language navigation mobile application ‘Locs’ is fast becoming the de facto GPS navigator for Iranians thanks to several unique features.

The navigator, developed by a knowledge-…

A knowledge-based startup Raya Pardazesh Hooshmand Amirkabir has launched an e-learning software to promote digital educational communications.

Backed by Amir Kabir University, the…

Samsung Electronics plans to recover gold and other precious metals and components from recalled Galaxy Note 7 smartphones to reduce waste.

Rasheed Bank, the second largest bank of Iraq, has requested to open a branch in Iran, Mohammed Shia al-Sudani, Iraq’s acting minister of industry and minerals, said.

As the Central Bank of Iran has beefed up its regulatory watch over monetary and banking operations, its efforts to curb bank overdrafts, especially in the quarter to March 20, 2017, have borne…

A roundtable meeting was held at Tehran Chamber of Commerce, Industries, Mines and Agriculture to discuss bank interest rates and their potential consequences, as well as the return of double-…

During the first two months of the new Iranian fiscal year to May 21, the number of new apartments built in 12 old districts of Tehran leaped by 56% compared with the corresponding period of last…

More than 1.2 million tons of apples will be produced from close to 60,500 hectares of apple orchards in West Azarbaijan Province located in Iran’s northwest during the current fiscal year that…