Economy

A memorandum of understanding (MoU) has been signed between the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) and the Geological Survey of Iran to expand…

The Tehran Stock Exchange overall index pulled back from an early rally to a sharp decline, to notch a new record low in 2015 at Tuesday’s close.

Iran’s textile and apparel industry is worth $7.3 billion, with the apparel industry’s market value amounting to $5 billion and the textile and rug industry comprising the rest, announced the…

Tuesday trading at the Iran Mercantile Exchange (IME) was accompanied by offering of corn, both from local and overseas suppliers, on the agricultural trading floor, IME’s Public Relations and…

A report published by the parliament’s research center provides a general overview of mining and mineral industries in North Khorasan Province, located in northeast Iran.

Close to 257,000 tons of various commodities were put up on the boards of Iran Mercantile Exchange (IME)’s spot and secondary markets during Monday trading, IME’s Public Relations and Foreign…

The second phase of Sungun copper concentration plant, which was inaugurated last week, is an advanced copper recovery plant with state-of-the-art equipment that enables it to recover up to 92% of…

Ever since Iran and the P5+1 group (the five permanent members of the United Nations Security Council plus Germany) reached an interim nuclear deal in Geneva back in 2013, foreign companies have…

Iran Fara Bourse or over-the-counter (OTC) has registered 237 cases of takeover, worth 120 trillion rials (approximately $3.5 billion at market exchange rate), the chairman of Iran Financial…

Price swings at the Tehran Stock Exchange helped the benchmark to rebound and stand in green at Monday’s close. The TSE data illustrates that all indices contributed to push the TEDPIX in green,…

Saffron exports from Mashhad – the capital of Khorasan Razavi province in northeast Iran –registered a 30% growth during the first ten months of the current Iranian year (to end March 20),…

As Iran’s Foreign Ministry continues to foster warmer relations with countries around the world, this month’s turn was the sub-Saharan African country of Tanzania. Javad Zarif was in town as part…

Boosting the level of economic activities in the region and improving economic relations with the neighboring countries is high on top of the government’s agenda, reiterated minister of…

The sanctions imposed by the West on Iran’s economy as well as lack of a proper banking system between Iran and Pakistan have caused the annual trade exchange between the two countries to reduce…

The central Yazd province exported more than 1.25 million metric tons of commodities worth above $443 million in the first ten months of the current Iranian calendar year (ending March20), the…

Unlike 2012, when the Iranian police force cracked down on illegal foreign exchange dealers in Tehran and other big cities, the police have this time no plan to intervene in the market unless top…

Aside from attracting deposits, which has long been a main criterion for assessing the successful performance of a bank, increasing customer loyalty and decreasing non-performing loans are also…

In their latest meeting, the cabinet members agreed to raise additional capital for the Central Bank of Iran. The bank’s capital is now set to be raised by 6.4 trillion rials ($186.9 million),…

Microfinancing is an untapped field in Iran’s financial industry. But regardless of the industry’s long term challenges like high amount of toxic debt circulating within the banking system and the…

A recent article published on the CoinTelegraph Website – dedicated to Bitcoin news– has created a buzz on social media about how Iran can continue to do trade with the world using the emerging…

A Tehran-based company, Shid Andish Dadepardazan Co., has announced it has created a new indigenously created search engine.

The search engine to be made within Iran is called “Yooz”,…

The parliament on Sunday approved the  outlines of the budget bill proposed by President Hassan Rouhani's administration for the next Iranian year, which begins March 21.

Out of the…

The agricultural sector accounts for 10 percent of the Gross National Product (GNP), said Nematollah Rezai, an official with the presidential office for rural development. He made the remarks in a…

International flights in Iran have grown by 25 percent over the past two years, IRNA quoted Ebrahim Shushtari, an official with Airports Holding Company, as saying on Sunday. He cited certain…

Iran has lost its substantial share in the international carpet market, Razi Miri, the deputy manager of the union of hand-woven carpet exporters told ISNA on Saturday. The official said the…