Economy

Italian luxury brand Molteni has opened a flagship showroom in the Iranian capital, describing itself as a “pioneer” for design companies moving into the country following the lifting of trade…

Tehran Stock Exchange’s benchmark index shed 232 points or 0.31% during the week that ended on June 22 to close at 73,645.

More than 3.9 billion shares valued at $239.5 million were traded…

Over 29,000 tons of copper cathode and 39,000 copper anode ingots were domestically produced in the first two months of the current Iranian year (started March 20), which indicates a 7.5% rise in…

South Korea’s Daewoo Engineering & Construction, which has been engaged in the Iranian market for decades, has sought to expand its business in the country at a faster rate, following the…

The anticipated economic revival due to lifting of sanctions by the western countries, coupled with expanding automotive fleet, will drive sales of tires in Iran, a recent report by Canada-based…

Iran-Pakistan Chamber of Commerce and Industries has opened with the aim of boosting bilateral economic and commercial ties.

To promote dairy exports, the government plans to provide exporters with incentives worth an aggregate of 2,000 billion rials ($57.82 million at market exchange rate), said a deputy agriculture…

Pakistan, India, Nepal and China are busy copying the designs of Persian rugs and selling them under Iran’s name, says the head of the Union for Persian Carpet Importers in Europe. “This is…

The first international and specialized exhibition of meat and related industries, Meatex, is scheduled to be held in Tehran on November 5-8, the executive manager of the exhibition said.

In the latest developments following the lifting of nuclear sanctions, Iran has settled its debt to German export credit agency Hermes and negotiated increasing trade with Turkey.

Germany…

Iran's Ambassador to Belarus Mohammad Reza Sabouri voiced Tehran’s willingness to promote bilateral relations with Minsk in the fields of science and technology.  “Science and innovative…

The running gear market is expected to grow at a compound annual growth rate of 7.35% by 2020, with the growth in running gear being the biggest area of growth.

Scientists think the recent discovery of gravitational waves observed from the collision of two black holes may have also detected signatures of the astrophysics mystery of dark matter.

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Avatech, one of Iran's largest business accelerators, has announced its Cycle #4 is set to host new business proposals to begin their process of professional development and accelerate their…

In comments posted on the news website of Iran’s Chamber of Commerce, Industries, Mines and Agriculture, Ahmad Hatami Yazd, a former banker, has claimed that non-performing loans (NPLs) are the…

The Central Bank of Iran has plans to either dissolve or merge banks and credit institutions with a track record of poor performance, the bank's governor, Valiollah Seif said on Tuesday.

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Iran Insurance Company’s share of premiums saw a 7.7% y/y decline, accounting for 31.7% of the total earned premiums during the two months that ended on May 20.

Data from the Central…

The Office of Foreign Assets Control (OFAC) of the US Treasury Department has given Brazilian banks permission to work with Iran in euro, said the director of the Brazilian Foreign…

Tehran Stock Exchange's main index gained 845.60 points or 1.16% to close Wednesday trade at 73,644.8.

More than 760 million shares valued at $50.7 million were transacted for the day.

The Iranian Mines and Mining Industries Development and Renovation Organization is planning to sell four trillion rials ($114.2 million) worth of Musharaka bonds to develop and renovate Kahnouj…

Iranian steel companies manufactured 1.6 million tons of crude steel in May, indicating a 13% rise in production compared to last year’s corresponding period, according to the latest data released…

Commodity certificates of deposit for barley are being offered for the first time on Iran Mercantile Exchange.

The certificates represented 10,000 tons of animal feed barley from three…

The US State Department says it welcomes Boeing’s announcement of a deal with Iran Air and that it involves the “type of permissible business activity envisioned” in the Iran nuclear deal.

Iran’s newly-purchased Beechcraft King Air 350i flight inspection plane has begun operation.

The $9 million aircraft landed at Shiraz International Airport on Wednesday after performing its…

Iran has resumed dairy exports to Iraq, according to Iran Dairy Industries Association, after the Iraqi government reversed its decision on raising import tariffs on Iranian products a week ago.…