Iran is gradually restoring banking links with the rest of the world by forging ties with smaller foreign institutions, even though large global banks are still holding back because of legal risks…
Economy
A memorandum of understanding on electronic trade and joint investments in hypermarkets and small chain stores was signed between South Korea’s largest retailer Emart and Iran’s Refah Chain Stores…
The Organization of Targeted Subsidies' request from the Securities and Exchange Organization to release information about ownership of financial securities and personal details of investors has…
Silver is found in its natural form as an alloy with gold and other metals, and in ores containing sulfur, arsenic, antimony or chlorine.
The principal sources of silver…
Esfahan Steel Company will start rail production by June 21, ESCO’s public relations director said on Wednesday.
“With a production capacity of 400,000 tons per year, ESCO is capable of…
Some 2,000 tons of garlic are produced every year in Teymourlou, which is known as Iran’s garlic production hub, located in Gugan District, East Azarbaijan Province, according to the head of…
Iran has an unusual strain of command economy, an eminent Iranian economist said.
Mousa Ghaninejad made the statement in an opinion piece, published in the website of Tehran Chamber of…
Turkmenistan will host Iran’s third exclusive trade exhibition titled “Iran Project 2016”, which will be held in the capital Ashgabat on August 18-20.
About 168,000 tons of agricultural products (3.2% of Iran’s overall agro exports) worth $175 million were exported from Alborz in the last Iranian year (March 2015-16), according to the province’s…
According to the Islamic Republic of Iran Customs Administration, Iran exported dates worth $44.15 million to Afghanistan, the UK, India, Turkey, the UAE, Malaysia, Azerbaijan and Russia in the…
The World Association for Waterborne Transport Infrastructure (PIANC) said Iran will host the 10th International Conference of Coastal and Port Engineering in Developing Countries, otherwise known…
Iran Khodro Diesel, a heavy goods vehicle producer and subsidiary of Iran’s largest carmaker Iran Khodro Company, and Oghab Afshan, a producer of Scania branded buses in the Islamic Republic…
Setting up an industrial park in Arg-e Bam to produce auto parts could play an important role in the development of the auto manufacturing industry and boost business relations between Iran and…
The chief executive of Britain’s Rolls-Royce has written to its UK staff to tell them the engineering company is better off in the EU, warning that Brexit could result in some decisions being put…
Referring to the 40% inflation in 2013 rate that was reduced by the current government to around 10% last month, Economy Minister Ali Tayyebnia emphasized on Monday that there has to be some…
The new ‘Risk Management and Compliance Department’ of Bank Melli Iran has begun work with a new structure. The new unit has been formed in accordance with the implementation of rules and…
What has been undermining the domestic economy and by extension the banking sector the most is chronic inflation, says a board member of the Tehran Chamber of Commerce, Industries, Mines and…
Cement exporters are turning away from the lucrative but restricted Iraqi market toward North African countries like Kenya and Ethiopia, says Abdolreza Sheikhan, the head of Iran Cement Employers…
Equities have routed since the turn of the Iranian year in March.
Shares on Tehran Stock Exchange dipped over 7% ever since, while those on Iran Fara Bourse lost nearly 4% during the same…
Tehran Stock Exchange’s benchmark index plunged by 740.80 points or 0.99% to close Tuesday trade at 73,959.7, reaching its lowest since February 3. Losing oil and petrochemical companies as well…
Iran is home to various world-class gold mines boasting 340 tons of proven reserves.
Zarshouran Gold Mine, located 35 kilometers from Takab in the northwestern province of West Azarbaijan…
According to the Ministry of Agriculture, rice imports will come to a complete halt as of July 21. The Iranian government imposes a ban on rice imports every year during the harvest season…
The drop in non-oil exports in the first two months of the current Iranian year (started March 20) compared to the similar period of the previous year is due to the decline in gas condensate…
Iran’s Minister of Industries, Mining and Trade Mohammad Reza Nematzadeh and Russian Minister of Energy Alexander Novak are scheduled to meet on the sidelines of St. Petersburg International…
Iran has reached an agreement with the US plane manufacturer Boeing to purchase commercial aircraft, the minister of roads and urban development said.
Abbas Akhoundi was also quoted as…
