Economy

Tehran Stock Exchange’s main index gained 59.50 points or 0.08% to end Sunday trade at 77,658.6.

About 712 million shares valued at $40 million changed hands for the day.

Azarbaijan…

Over 145% of the projected revenues for the Islamic Republic of Iran Customs Administration in the current Iranian year’s budget will be realized by the yearend, IRICA announced in a report. The…

The domestic steel market is currently grappling with a glut. Some cash-strapped producers have cut down on production to weather the storm, while many large-cap players carry on at full capacity…

Iranian producers managed to sell significant volumes of steel billet to foreign customers by offering discounts. 

The mills’ pricing may receive some support from the current market…

Iranian aviation company Aseman Airlines has entered into an agreement with Rolls Royce to purchase up to 100 aircraft engines, according to a statement from the country’s Ministry of Roads and…

Tehran is hosting a spring exhibition for the direct supply of domestically-produced goods.

More than 350 domestic producers are offering their products at 10% to 30% discount, Mehr News…

Kyrgyzstan’s Minister of Agriculture, Food Security and Land Reclamation Nurbek Murashev is scheduled to meet with his Iranian counterpart Mahmoud Hojjati in Tehran today to survey ways of…

Some 1,000 industrial units operating in industrial parks across the country exported $1.7 billion worth of goods over the 11 months to February 18, the head of Small Industries and Industrial…

Iran’s pistachio accounts for $1.5 billion of a total of $2 billion worth of nuts exported from the country annually, said Asadollah Asgaroladi, a member of Iran Chamber of Commerce, Industries,…

A new messaging application developed by Iranians students was unveiled last week. The app 'Bale' (yes in Farsi) and what distinguishes it from similar competitors is its banking and payment…

A London hospital is using VR to make medical testing more comfortable for children.

King’s College Hospital teamed with the Google Play Specialist team to create an app that—when worn…

Samsung had a lifetime's worth of battery woes in 2016. Seeking to ensure it doesn't endure a repeat crisis in 2017 the company is looking to a variety of battery manufacturers to provide parts…

An estimated 30 million SIM cards are in the process of being disconnected according to a deputy from the Telecoms Ministry, ICTNA reported on February 18.

Each year 12.5 million cell phones are brought into Iran illegally depriving  government coffers $350 million in tax revenues, says a business official.

In order to have a healthy bank, branch managers ought to ensure the bank's profitability while abiding by the law and observing transparency. Farshad Heydari, the Central Bank of Iran's deputy…

Tejarat Bank is looking to the UAE and China as the next target markets to expand its operations, announced the bank’s director for international affairs.

Ali Mehrpour also detailed the…

The Personal Injury Indemnity Fund is offering a series of incentives to encourage some 10 million uninsured motorcyclists in the country to acquire an insurance policy as part of a larger scheme…

A member of Majlis Economic Commission has criticized the poor execution of a Central Bank of Iran directive by the banking network. Rahim Zare’ added that even though the directive, which ensures…

Insurance industry’s total premium income during the nine months to December 20 amounted to 200 trillion rials ($5.24 billion), registering a 21.33% growth compared with the same period of last…

With all the expectations that Russian businesses had about Iran after the lifting of American sanctions, the 60% growth in Russia-Iran trade from $1.2 billion in 2015 to almost $2 billion in 2016…

Iran’s budget deficit for the three quarters of the current fiscal year (March 20-December 20, 2016) amounted to 268.9 trillion rials ($7 billion), according to the latest data released by the…

Depressed domestic prices for longs and poor demand in the Iranian market are forcing local steel producers to adjust to severe conditions.

While some of them, who have already succeeded in…

Iran Mercantile Exchange is planning to start bitumen exports to India, chief executive of the commodity exchange, Hamed Soltani-Nejad, announced.  

Iran’s trade deficit in the agriculture sector during the 10 months to January 19, 2017, narrowed by $308 million over last year’s corresponding period to stand at $2.47 billion.

Delay in resumption of imports by Iran is likely to hinder the recovery in Indian Basmati rice exports, says India’s investment information and credit rating agency ICRA in its latest update on…