Economy

Tehran Stock Exchange’s main index TEDPIX added 614 points or 0.79% during the week that ended March 9 to close at 78,312.

More than 10 billion shares valued at $775 million were traded in…

Following the removal of sweeping trade sanctions against Iran, National Iranian Copper Industries Company is open to international investment, according to NICICO’s planning and supervision…

Imports from China during the 11 Iranian months ending Feb. 19 stood at $9.3 billion, according to the deputy head of Trade Promotion Organization of Iran.

A senior Iranian official said economic exchange worth $1 billion a year between Tehran and Kiev is within reach, given the determination of government officials and the potential of the two…

Iran-Germany Economic Commission will convene on May 2-4, after a 14-year gap, says Iran’s Ambassador to Germany Ali Majedi.  Sigmar Gabriel, Germany’s vice chancellor and minister of…

Iran did not import wheat in the current Iranian year (ending March 19) and it is estimated that next year 2 to 3 million tons of the grain in excess of the domestic production will be exported,…

Two Chinese firms are pushing for multibillion-dollar deals with Iran to build a high-speed railroad and modernize its shipping fleet following the lifting of sanctions against Tehran, Reuters…

Taiwan has long sought to portray itself as a major player in East Asia and recent talks with Beijing have not tempered Taipei’s enthusiasm to build on its prior successes to act unilaterally and…

On March 10, Apple sent out press invites for a March 21 event at the company’s Cupertino headquarters in California. Apple did not share its plans for the event, but the company offered a vague…

Businessmen from Iran and Turkey will attend a forum at the headquarters of Trabzon Chamber of Commerce known by its Turkish acronym TTSO in Trabzon on March 11 to discuss potential trade…

Foreign banks are slowly starting to reengage with Iran’s Middle East Bank after international sanctions were eased in January, although it will be months before all snags are resolved, the bank’s…

Mortgage interest rates have been lowered by one percentage point, Bank Maskan’s CEO announced. Hashem Botshekan added that mortgage rates for the housing saving account have been lowered from 14…

The rise in housing loan ceiling is a step forward in helping the people buy their own homes, the head of Tehran’s Association of Realtors said.

A senior banking official has predicted that another interest rate cut is likely at the beginning of the coming fiscal year (starting March 20),  describing the two previous rate cuts…

Central Bank of Iran Governor Valiollah Seif asked the Slovak Minister of Economy Vazil Hudak to help restore Iran’s credit rating in the EU to pre-sanctions  levels.

The FinTech Trig-Up event wrapped up this week at Khatam University, affiliated with Bank Pasargad, with top innovators receiving cash prizes.

FANAP ICT Company, affiliated to Bank Pasargad…

A cargo of smuggled fruit weighing 27 tons was destroyed in Tehran on Wednesday after it was found to be carrying health risks by health inspectors.

Some 11,000 tons of livestock were exported from the port of Shadegan on the Persian Gulf coast over the 11 Iranian months ending March 19, according to Ports and Maritime Organization of…

A memorandum of understanding was signed by Iran’s Minister of Industries, Mining and Trade Mohammad Reza Nematzadeh and Slovakia’s Minister of Economy Vazil Hudak to establish a joint economic…

Vietnam’s President Truong Tan Sang is heading to Iran for an official visit. Sang, who left Hanoi on Tuesday, is also visiting Tanzania and Mozambique on his March 9-15 tour, Vietnam News…

Despite the difficult economic climate in recent years, wage increase continues to outstrip inflation for the third consecutive year, said Minister of Cooperatives, Labor and Social Affairs Ali…

UK Export Finance and the Export Guarantee Fund of Iran have committed to enhancing trade and economic cooperation with a memorandum of understanding to help British businesses export.

Major Taiwanese companies are eager to start joint investments with Iranian firms, according to an official with Taiwan’s External Trade Development Council.

Tehran Stock Exchange’s main index TEDPIX notched up 92.10 points or 0.12% to close Wednesday trade at 78,312.1.

Close to 2.1 billion shares valued at $170 million were traded, as daily…

Iran’s bread market has witnessed years-long disputes over the economic ramifications of sticking to traditional approaches in baking flatbreads over modern methods used for producing industrial…