Economy

Around 20,000 billion rials ($570 million) worth of bread are wasted annually in Iran, said the managing director of Government Trading Corporation of Iran. Ali Qanbari was speaking at the opening…

The Third International Exhibition on Nuts, Dried Fruits and Related Industries, IranNutex 2016, is scheduled for January 2-5, 2016, at Tehran’s International Fairground. Sponsored by Trade…

A total of 7.89 million tons of oil and non-oil goods transited via Iran’s 32 borders during the eight-month period ending November 21, said the director general of Transit and Border Terminals…

The Indian government plans to rope in some of the country’s leading private sector players in the infrastructure field such as Jindal Infrastructures, Essar, SAIL and IRCON to develop the area…

Iran has outlined the ground rules for the new era of cooperation with Italian businesses, a deputy minister of roads and urban development said.

Asghar Fakhrieh Kashan added that Iran’s…

As much as escalating tensions between Ankara and Moscow in the wake of Turkey downing Russia’s fighter jet came as a shock to Turkish traders, it was seen by some as an opportunity that could…

Facebook, Google and Twitter are stepping up efforts to combat online propaganda and recruiting by militants and extremists, but the online companies are doing it quietly to avoid the perception…

Forgetting where you parked your car is an embarrassing problem that’s about to become a thing of the past.

For almost two months, Moroccan developers have been building apps for the…

Avatech Accelorator, one of Iran's leading technology startup centers, has recently announced its third group of startup companies for their official "Cycle 3" intake program. New companies in…

Interbank interest rates dropped to 21.5% in the second half of November from the 28% recorded in August, according to the Central Bank of Iran.  

Active presence of foreign banks could help reduce transaction costs including lending rates that have increased exponentially over the past few years, a senior official with the Central Bank of…

The Export Development Bank of Iran has joined the Association of Development Financing Institutions in Asia and the Pacific, said an official with the bank on Saturday. Kazem Doust Husseini,…

Lending by commercial banks grew by about 5% to 6.53 trillion rials ($283.4 billion at the official exchange rate) in the first half of the fiscal year (ending March 20) compared to the similar…

The minister of economy has called for a competitive Iranian insurance sector saying a level playing field is the primary requirement for the enhancement of the insurance industry.

Iran Mercantile Exchange witnessed the supply of 14,000 tons of 6070 bitumen by Tabriz Oil Refining Company, Qaisar Jonoub Company, ISONAM Company, Ghiran Pakhsh Setareh Iranian Company and Jey…

Iran Fara Bourse is sometimes seen as a second-rate market in Iran. Its name garners less respect and recognition from politicians and the media than its older brother, Tehran Stock Exchange.

Tehran Stock Exchange’s main index, TEDPIX, crawled up 27.10 points or 0.04% to end Saturday trade at 62,577.1.

More than 265 million shares changed hands in 25,000 transactions valued at…

China Railway Company is planning to build a high-speed rail link that will carry both passengers and cargo between China and Iran.

Iran Recycling Industries Union recently announced various investment opportunities in the recycling industry.

Polyethylene terephthalate bottle recycling was the top priority, as it…

Tehran’s International Fairground will host the Ninth International Exhibition of Goods, Services, Store Equipment and Chain Stores during January 2-5, 2016. In addition to Iranian companies,…

Close to $217 million worth of domestic goods were sold to neighboring countries through Iran’s border markets from March to September, according to the Ministry of Industries, Mining and Trade.…

Gold importers will have to keep paying Value Added Tax, media reported. According to the Iranian National Tax Administration, a governmental panel ruled in favor of gold and jewelry imports…

Last week, President Hassan Rouhani reappointed Reza Shiva as head of the Competition Council and director of National Competition Center.

After six years from the establishment of such…

A group of Singaporean traders, business owners and managers of commercial, petrochemical and financial institutes have called for the establishment of a joint chamber of commerce, investment and…

Finland's Nokia on Friday said it had completed the sale of its navigation business HERE to German carmakers BMW, Audi and Mercedes. Nokia said its net proceeds from the deal would be around €2.55…