Economy

Phase I of Shahid Rajaee Port, Iran’s biggest container port at the mouth of the Strait of Hormuz, is ready to be inaugurated by President Hassan Rouhani, the managing director of Ports and…

Bears are dominating the stock market and investment is going other places. The months-long continuation of this trend has analysts hunting for answers.

According to a prominent economist,…

A draft agreement between Iran and the Eurasian Economic Union was signed in Yerevan, Armenia, on Wednesday for levying preferential export tariffs on 350 Iranian industrial products in return…

The Second Exhibition of Steel Pipe and Profile Manufacturing and Related Industries concluded in Tehran on Friday after it opened on July 4 following a 10-year hiatus.

Some 17,000 tons of vegetables grown in Andimeshk County of southwestern Khuzestan Province worth close to $10 million have been exported to Russia since the beginning of the current Iranian year…

Close to 222 tons of onions and shallots worth nearly 142 billion rials (more than $3.75 million) were exported during the first month of the current Iranian year (March 21-April 20), the Islamic…

Iranian steel billet has been quietly gaining market acceptance in Southeast Asia because of its low prices, just as it happened with China-origin product a few years ago, but can it dominate the…

The Islamic Republic of Iran Customs Administration is in talks with the European Union’s Directorate-General for Taxation and Customs in Brussels, Belgium, to enhance bilateral cooperation.

The second round of negotiations between Pakistan and Iran on a free trade agreement will be held from July 10 to 12 to discuss ways and means of enhancing bilateral trade.

Iran’s second largest mobile operator, MTN-Irancell, has reduced the cost of phone calls for customers who move to the operator through the Mobile Number Portability scheme.

MNP allows…

The University of Tehran and Iran’s largest Internet service provider Shatel Group have signed a memorandum of understanding for building a framework to establish a more strong connection between…

A new startup named Shekam (meaning abdominals) has been launched to help users do physical training, giving them a wide variety of abdominal exercises at several levels.

Nokia’s reentry into the smartphone market was celebrated by the announcement of phones that are slick, but decidedly mid-range: Nokia 6, Nokia 5 and Nokia 3.

However, a recent leak teases…

A total of 77 Iranian ships are now receiving protection and indemnity coverage from Steamship Mutual Underwriting Association Limited denied during the sanctions as the country has managed to…

Roads and Urban Development Minister Abbas Akhoundi has announced that residents of distressed urban areas and informal settlements, along with first-time homebuyers, are first in line to receive…

The Iranian Parliament on Wednesday passed a bill requiring banks and agent funds to guarantee the repayment of loans extended by the National Development Fund of Iran.

Lawmakers approved a…

As the heated case of uncertified credit institutions drags on, the parliament has given the Central Bank of Iran until March 2018 to wrap up the case.

The Central Bank of Iran said the total number of letters of credit opened for imports during the first quarter of the year to June 21 amounted to 3,447 that were worth $3 billion.  According…

Bank Mellat has officially restarted work in South Korea through its branch in Seoul, Iran’s ambassador to the East Asian nation announced.

Tehran Stock Exchange’s main index gained 67.70 points or 0.09% to end Wednesday trade at 78,700.2.

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

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Currently, 9,818 industrial units are active in Iran’s textile and apparel industries licensed by the Ministry of Industries, Mining and Trade, constituting 11% of all industrial entities in the…

Tehran will be hosting the first edition of the Iran Mining Technology Summit from July 11 to 12, Iranian Mines and Mining Industries Development and Renovation Organization reported. The event…

Iran exported €2.77 billion worth of goods to the European Union in the first quarter of 2017, registering a sixfold rise compared with the preceding year's corresponding period…

Saffron is the world’s most expensive spice, used to give a golden yellow color to food and its distinct flavor.

A National Geographic report surveyed the crocus fields of Iran, where more…

Iran exports about $600 million worth of confectionery annually, the chairman of Iran’s Biscuit, Confectionery and Chocolate Industries Association said.

The Commonwealth of Independent…