Economy

Iran’s largest steelmaker, Mobarakeh Steel Company, has started the test run of its 5-million-ton per year iron ore pelletizing plant in Sangan mineral zone in northeastern Iran, Iranian Mines and…

The Ministry of Roads and Urban Development’s proposal for a 2% rise in taxes on road transportation of goods from the current 3% to 5% to boost rail transit will hit production hard, the head of…

Mouteh Gold Mine produced 65 kilograms of gold ingots during the first two months of the current Iranian year (started March 21), registering a 48% growth compared with last year’s corresponding…

Deputy Minister of Industries, Mining and Trade Mohsen Salehinia has declared that a longstanding recession plaguing the Iranian industrial sector is now a thing of the past.

Tehran Stock Exchange’s main index lost 730 points or 0.9% during the week that ended June 21 to close at 78,736.

The smaller over-the-counter Iran Fara Bourse’s benchmark, IFX, gained 1.1…

The prices of imported hot-rolled and cold-rolled coils in Iran remained unchanged over the past week.

With the holy month of Ramadan coming to an end, buying activity has resumed, with a…

The trilateral engagement involving India, Iran and Afghanistan discussed during the visit of Indian Prime Minister Narendra Modi to Iran in May 2016 expanded avenues of trade for India with Iran…

India fired a rocket carrying 31 small satellites into space on Friday, several of them for European countries looking for high resolution earth images, underlining its strength as a low-cost…

Founder of Anetwork, an Internet advertising firm, has castigated the director of the ICT Guild Organization, Naser-Ali Sa’adat, for opposing the establishment of the Iranian Guild for Online…

FANAP ICT Company, owned by Pasargad Financial Group, has received license to operate as a Mobile Virtual Network Operator (MVNO).

The government announced two years ago that companies…

The International Coordinating Council of the Man and the Biosphere (MAB) Program of UNESCO has named Iranian Amirhosein Mosavi as one of the recipients of the 2017 Young Scientists Awards.

Iran’s Qeshm Air has unveiled a preliminary agreement with Boeing to buy 10 B737Max passenger jets.

The airline’s CEO Mahmoud Shekarabi says the…

Two private Iranian airlines have signed memoranda of understanding with European aerospace giant Airbus to purchase a total of 73 brand-new jets. 

Iran Airtour signed a deal for…

Iranian private bank Sina has opened accounts in the Spanish Ares Bank and Italian Banca Popolare di Sondrio, the bank’s website announced. According to a statement by Sina, the lender has…

Iran’s insurance industry has significantly improved in recent years, as its penetration rate grew by 0.5% to reach 2.2% during the year to March 20, 2017, said the president of Central Insurance…

The 27th annual Conference on Monetary and Foreign Exchange Policies will be held in Tehran on July 1-2 with a focus on financial stability, the head of Monetary and Banking Research Institute—the…

The Money and Capital Markets Commission of Iran Chamber of Commerce, Industries, Mines and Agriculture held a meeting on Saturday to weigh in on the requirements of the long-overdue plan to unify…

Tehran Stock Exchange’s main index lost 131.30 points or 0.17% to end Wednesday trade at 78,736.2.

Trading at TSE and Iran Fara Bourse startS on Saturday and endS on Wednesday.

About…

The stock market was dealing with a great deal of ambiguities during the last days of the 10th government (the second term of former president, Mahmoud Ahmadinejad), as petrochemical feedstock…

Iran’s Mobarakeh Steel Company boosted sales by 18.21% to 6.2 million tons in the last Iranian year (ended March 20, 2017), according to a Monday filing in Tehran Stock Exchange. The sales total…

Iranian steel mills produced 8.159 million tons of crude steel in the five months to June 2017, registering a 13.1% growth year-on-year compared with last year’s corresponding period, according to…

The promotion of domestic apparel is tied with preparing the cultural ground among consumers. In addition, offering good clothing quality and variety is indispensable to build trust.

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About 1,500 tons of eggs have been exported to Afghanistan since April 2, the secretary-general of Iran’s Association of Producers of Egg-Laying Hen said.

Construction work on a 140-kilometer railroad in Khuzestan Province will start as soon as next month, the southern province’s governor general, Gholamreza Shariati, has announced. The new 3-…

The import of secondhand mining and road construction machinery by well-known international brands are permitted until the end of the current Iranian year (March 20, 2018) provided they are not…