Economy

Unrestrained imports of steel products are one of the main impediments to the domestic steel industry’s growth, says the sales manager of Mobarakeh Steel Company, Mahmoud Akbari.

Tehran Stock Exchange’s main index inched up 35 points or 0.05% to close trade at 76,448 on Saturday.

Robust gains by auto manufacturers, large-cap engineering holdings and investment…

Low demand is taking its toll on Iran’s home appliances sector, especially its fridges and air conditioning systems.

Back in the 80s, 170 fridge manufacturers were operating in Iran, which…

Iran’s Agricultural Minister Mahmoud Hojjati and New Zealand’s Foreign Minister Murray McCully signed a memorandum of understanding for furthering agricultural cooperation, IRNA reported.

A 13-member delegation of government officials and businesspeople are due to arrive in Iran’s Alborz Province on Monday to survey opportunities of bilateral cooperation with their Iranian…

More than 100 traders from Iran and Russia are scheduled to attend a two-day business forum that will open in Moscow’s Radisson Royal Hotel on May 24 to discuss ways of promoting bilateral trade…

Iran is the second biggest exporter of dairy products in the Middle East after Turkey, according to Mohammad Reza Sanjabi, the head of Holstein Association of Iran.

“At present Iran has…

The elimination of troubled business entities and emergence of efficient companies are normal mechanisms of a market-based economy, Iranian economist Farrokh Qobadi said.

The goods and services Consumer Price Index for urban areas in the 12-month period ending May 20, which marks the end of the Iranian month of Ordibehesht, increased to 10.2% compared with last…

As Iran moves away from biting western sanctions in 2016, international corporations are beginning to take note of the country's potentials in driving their profits.

Several international…

Former mobile phone maker Nokia is cutting 1,032 jobs in its main base in Finland, as part of a cost-cutting program following its acquisition of Alcatel-Lucent, the telecom network equipment…

Iranian researchers have identified 45 oil-eating microscopic life forms that thrive in salt lakes and other high-salt environments in Iran.

The number of high-speed Internet ports has seen a 41-fold increase over the past six years, with 4.8 million ADSL users in Iran, a deputy of the Telecommunications Company of Iran said.

An experimental airplane powered solely by energy from the sun landed in Ohio on Saturday night on the latest leg of its historic bid by pilots and developers to fly around the globe without a…

In a bid to boost its readymade garment exports, India is looking to tap Iran’s market for apparel products following the removal of economic sanctions against the country last year.

The Central Bank of Iran is studying 18 applications for establishing private banks in the free trade zones. The applications have been put forward by Iranian investors, the secretary of Iran’s…

Bank Shahr, affiliated to municipalities across the country, is ready to provide finance for the smart development of cities, according to the bank’s chief executive, Hussein Muhammad Pourzarandi…

The 26th conference on Monetary and Forex Policies will be held May 24-25 in Tehran. Senior bankers have outlined their opinion on the banking state of affairs ahead of the meeting, pointing to…

Central Bank of Iran Chief described Iran on Thursday as a country with unique geopolitical stance and a young and well-educated workforce that can have great potentials for the world economy.

Two Iranian banks have expressed interest in investing in Indonesia, the Economy Minister Ali Tayyebnia said in Jakarta on Wednesday.

Iran has become a member of the International Apparel Federation, the president of IAF announced during a visit to Tehran.

Vice President for Science and Technology Sorena Sattari said Iran exported 70 kilograms of biotech drugs worth $150 million to Russia in the last Iranian year (March 2015-16).

“Imagine how…

Croatian President Kolinda Grabar-Kitarovic’s three-day visit to Tehran is bound to deepen not only Iran-Croatia ties but also Iran-EU relations, given Croatia’s EU status since 2013.

…

The National Development Fund of Iran will allocate 40,000 billion rials (more than $1 billion at current market exchange rate) to boost production and exports in the current Iranian year (March…

Iranian stock markets diverged in Ordibehesht (the second month of the Iranian year started April 20) with the larger Tehran Stock Exchange falling while the smaller Iran Fara Bourse rallied.