Economy

In 2015, when Russia-Turkey relations entered a phase of tension due to the downing of a Russian fighter jet by Turkey, a propitious opportunity emerged for Iran's food industry to replace the…

The volume of agricultural products that go to waste in Iran is enough to feed up to 18 million people annually, Deputy Agriculture Minister Abbas Keshavarz said.

French Foreign Minister Jean-Marc Ayrault is scheduled to visit Iran at the head of a politico-economic delegation this week, Iranian Ambassador to France Ali Ahani announced. “The visit is timed…

The Iran-Russia “Green Corridor” was piloted last week after the first shipment of Iranian agro products was exported to Russia from Abbasabad Export Terminal in western Mazandaran Province.

International companies have signed agreements with Iranian businesses to invest $3.2 billion in Chabahar, as part of development projects of Makran Coast in southeastern Iran.

“Seven major…

Import prices for hot rolled coil in the Iranian market have remained unchanged over the past week, Metal Bulletin learnt on Wednesday.

Metal Bulletin’s weekly price assessment for Iran’s…

Since the nuclear-related sanctions against Iran were lifted a year ago, several European companies have started negotiations to establish businesses in Iran’s diversified market.

Stating…

Tehran Stock Exchange’s main index shed 1,333 points or 1.67% during the week that ended January 25 to end at 78,049.

IFX, the over-the-counter Iran Fara Bourse’s benchmark, lost 8.1 points…

The Eighth Doors and Windows Technology International Exhibition ended in Tehran on Friday. Also known as Do-WinTech 2017, the four-day event hosted 352 local firms and 63 companies from Turkey,…

Samsung is preparing to unveil a pair of Galaxy S8 smartphones significantly different from past models, according to someone familiar with the company’s plans.

Local utilities are pushing ahead with plans to overhaul the ageing residential and commercial electric metering infrastructure. One key feature of economic growth is smart utility meters and the…

The Iranian Space Agency and Iran’s Space Research Center will sign a contract to jointly design and build a communications satellite to be named Nahid 2 (Venus 2 in Persian).

A…

It will take two months for the Central Bank of Iran to implement plans for unification of foreign exchange rates, said Valiollah Seif, CBI’s governor. He noted that plans will start once the…

Iranian banks say they have had notable achievements on the international banking scene one year into the implementation of Iran’s nuclear accord with world powers.

Industrial Management Institute has released the list of 500 largest Iranian firms, gauging them on the basis of their generated revenues during the fiscal year that ended on March 19, 2016.

The average house price in Tehran during the Iranian month of Dey (December 21-January 19), increased 9.9% from a year ago —a measure of the cost per square meter of floorspace has revealed.…

Central banks of Iran and Turkey on Wednesday signed an agreement to work on addressing current banking issues between the two countries including integrating the two countries' payment networks…

Tehran Stock Exchange’s main index shed 200.10 points or 0.26% to end Wednesday trade at 78,049.

More than 894 million shares valued at $40.2 million changed hands for the day.

…

Iran Mercantile Exchange witnessed the trading of 28 million tons of commodities valued at $16.86 billion in the 10 months to January 19, up 42% and 87% in terms of volume and value respectively…

Iran is considering imposition of additional import duties to support domestic steel producers, who are facing weak demand at home. 

The initiative, though, is subject to approval by…

An estimated 1.2 million tons of bitumen is produced in Iran annually, according to deputy minister of roads and urban development, Kheirollah Khademi.

“Bitumen, as the main material used…

Islamic Republic of Iran Customs Administration has published a new list of goods that will be eligible for reduced import tariffs as part of a Preferential Trade Agreement with Turkey.

National Iranian Copper Industry Company’s subsidiaries Sarcheshmeh, Sungun and Miduk copper complexes produced 805,063 tons of copper concentrate in the nine months to December 20, registering a…

Bank Tejarat and Bank Saderat will publish their new interim financial statements next week and their symbols will reopen for trading at Tehran Stock Exchange, announced Ali Beykzadeh, an official…

Last April President Hassan Rouhani said his government would strive to reduce the galloping inflation rate to single digits. That promise was delivered in June. Next in line was joblessness and…