Economy

Tehran Stock Exchange’s main index lost 166.55 points or 0.17% to end Saturday trade at 99,355.6.

About 951 million shares valued at $51.43 million changed hands at TSE for the day.

The direct-reduced iron plant of Neyriz Ghadir Steel Company was inaugurated on Saturday in a ceremony attended by First Vice President Es’haq Jahangiri, Industries Minister Mohammad…

The Industrial Development and Renovation Organization of Iran will be investing in the construction of a stone paper factory in the city of Kharameh in the southwestern Fars Province with a…

Global demand for magnesium as a light metal used in automotive and aerospace industries is on the rise, with some calling it the “metal of the future”.

Despite its sizable reserves,…

Trade between Iran and Belgium during the 11 months to Nov. 30, 2017, amounted to more than €690.6 million, registering a 22% hike compared with the corresponding period of last year. The latest…

The Iranian Parliament begins to discuss the Majlis Joint Commission’s version of the fiscal 2018-19 budget on Sunday.

The lawmakers will first approve the general outline of the budget…

Trade between Iran and Greece exceeded €1.23 million during the 11 months to Nov. 30, registering a 92% hike compared with the similar period of last year, based on the latest Eurostat figures…

Iran imported $347 million worth of textiles and apparel production machinery and equipment during the nine months to Dec. 21, 2017, the director general of Textile and Clothing Department at…

More than 20,000 tons of agricultural products worth $24 million were exported from Iran’s Semnan Province during the first nine months of the current Iranian year (March 21-Dec. 21) to register…

Local automaker Kerman Motor will deliver the first batch of Hyundai Accent assembled in Iran next week, the company’s sales manager told reporters on the sidelines of Isfahan Motor Show held in…

Japan’s famed hospitality has just stepped up a gear with the arrival of self-parking slippers, floor cushions, and even tables. A traditional Japanese inn near Tokyo is testing out the new…

German carmakers hope a network of high-power charging stations they are rolling out with Ford will set an industry standard for plugs and protocols that will give them an edge over electric car…

In what the Central Bank of Iran has referred to as the “first step in improving the security level of platforms for people’s monetary transactions”, the regulator has issued a directive stating…

With the aim of stabilizing the gold market, boosting supply and facilitating easier access for people, the Central Bank of Iran is to start the presale of gold coins from Feb. 4, the director…

Tejarat Bank, the Oil Ministry and the National Iranian Oil Company have reached an agreement on devising a new method of finance for oil projects related to crowdfunding.

The news was…

The People’s Bank of China, the central bank of the East Asian nation, has reportedly given the green light to Iranian private sector investors interested in purchasing the shares of Chinese…

Europeans spent much of last year trying to convince US President Donald Trump to do no harm to the nuclear deal Iran signed with world powers in 2015, also known as Joint Comprehensive Plan of…

Buying activity in the Iranian flat steel import market remained sluggish in the week that ended Wednesday, while local prices were more competitive to import.

Iran’s national currency,…

Iran’s Islamic Revolution Mostazafan Foundation and China Railway Academy Company signed a memorandum of understanding in Beijing on Thursday regarding the financing and construction management…

Stocks had a relatively quiet week, as the forex market stole much of the spotlight as well as a large chunk of investors’ liquidity.

The US dollar market seems more attractive for the…

Iranian export billet and slab prices strengthened over the week that ended on Wednesday due to renewed bookings. Metal Bulletin’s weekly price assessment for Iranian export billet was $508-510…

More than three decades of sanctions have not negatively affected Iran's attractiveness as an emerging market. 

The country has long been of geostrategic importance because of its…

The jobless rate is forecast by the Plan and Budget Organization of Iran to stand at 12.1% and economic growth to reach 5% in the current fiscal year (March 2017-18).

The average goods and services Consumer Price Index for urban areas in the 12 months ending Jan. 20, which marks the end of the Iranian month of Dey, increased by 10% compared with last year’s…

Trade Development Authority of Pakistan Secretary Inamullah Dharejo said bilateral trade with Iran is unlikely to see a surge as no Pakistani bank is ready to open its branch in the country due…