Economy

Italian groups will help build a major thermal power station south of Iran that roughly matches the output capacity of the country's only nuclear power plant.

Virtual currencies are slowly but steadily gaining traction across the world, as many are lured by their decentralized and somewhat exotic qualities once they get past the initial opaqueness.…

Money and Credit Council, a top financial decision-making body with the Central Bank of Iran, has approved rules to manage liquidity risk in banks and credit institutions.

As liquidity…

The collective figure of Iranian insurance companies’ premiums during the first half of the current fiscal year to Sept. 22 has reached 166 trillion rials ($4.15 billion), which indicates an…

Bank Melli Iran has benefited from another recapitalization worth 11.5 trillion rials ($295 million) which increased the capital of the bank to 198.5 trillion rials ($5.09 billion), BMI’s…

The Iranian capital market’s first foreign currency exchange-traded fund is expected to come on stream next week, the deputy head of Securities and Exchange Organization, Ali Saeedi, has…

Cement exporters will receive $3 for each ton of shipment as transportation subsidies from Thursday, the head of Iran Trade Promotion Organization, Mojtaba Khosrotaj, was quoted as saying by…

The issue of “consulate approval”, which negatively affected trade between Turkey and Iran, has been settled by Turkish Economy Minister Nihat Zeybekci and his ministry officials, the Turkish…

Tehran Stock Exchange’s main index gained 108 points or 0.13% to end Wednesday trade at 85,768.

About 862 million shares valued at $56.3 million changed hands for the day.

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The city of Nimvar, located in Mahallat County of Markazi Province, is hosting the International Iran Stone Expo 2017.

The expo opened on Tuesday and will run until Friday.

More…

The Islamic Republic of Iran Shipping Lines plans to replace 49 ships with new ones within five years, the technical and commercial director of the state-run company said.

“The company…

Iran is one of the top milk producers and has ambitious plans to grab a bigger share of the global milk and dairy market.

In an interview with Financial Tribune, Deputy Agriculture…

More than 1.05 million tons of semi and wholly milled rice worth close to $996 million were imported into Iran during the first half of the current Iranian year (March 21-Sept. 22), registering…

An Iranian delegation is scheduled to visit Austria from November 12 to 17.

Italy's Ansaldo Energia signed a memorandum of understanding with several subsidiaries of the state oil company NIOC on Wednesday on using natural gas that is being burned off in South Pars Gas…

Saman Bank has signed a cooperation deal with the United Nations Children’s Fund (UNICEF) that involves the bank in humanitarian programs supported by the UN agency. Bank Saman’s CEO Seyyed…

The National Development Fund of Iran is to allocate a total of $2 billion to help Iranian exporters, the fund’s director said.

“Loans that are to be doled out by NDFI will be in the…

Iranian Minister of Economic Affairs and Finance Masoud Karbasian discussed issues of mutual interest with his counterparts from Brazil, Indonesia and Algeria on Monday.

Tehran Chamber of Commerce, Industries, Mines and Agriculture has outlined the expectations of private sector from the government in the wake of the recent incendiary remarks made by US…

Deputy Minister of Industries, Mining and Trade Ali Yazdani said exports by Iranian small- and medium-sized enterprises reached $800 million in the first half of the current Iranian year (March…

The Fourth International Exhibition of Bags, Shoes, Leather and Related Industries, also known as MPEX 2017, is scheduled to be held at the Tehran International Fairground from October 25 to 28…

Iran has long relied on its cheap energy costs and abundance of raw materials to sustain its steel industry, having to forego development of new technologies due to years of stringent…

The Iranian National Tax Administration has collected 480 trillion rials ($12 billion) in tax and duties in the first half of the current Iranian year (March 21-Sept. 22), the INTA chairman said…

China is calling on the United States to preserve the Iran nuclear deal reached in 2015, after US President Donald Trump threatened to tear up the agreement.

In a speech on Friday, Trump…

Tehran Stock Exchange’s main index gained 69.30 points or 0.08% to end Tuesday trade at 85,660.

About 630 million shares valued at $70.9 million changed hands for the day.

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