Economy

Following the final agreement for a multibillion dollar South Korean finance deal for Iranian projects, private Iranian banks have signed a memorandum of understanding with their South Korean…

More than 15,000 tons of shrimps worth over 2.21 trillion rials (close to $70 million) were exported to 10 countries in Europe and Asia during the last Iranian year that ended March 20, 2017,…

Close to 440 tons of shampoo worth 59.8 billion rials ($1.84 million) were imported during the fourth month of the current Iranian year (June 22-July 22), the Islamic Republic of Iran Customs…

About 2.8 billion cigarettes were smuggled into Iran during the five months since the beginning of the current Iranian year (started March 21), registering a 47% decline compared with last year’…

China’s strategic interest in Iran is intensifying, as Chinese manufacturers seek to establish new operations in Iran.

Tehran is viewed as a vital transport and logistics hub, reads a…

A joint commercial delegation from the chambers of commerce, industries, mines and agriculture of Iran and Tehran headed by TCCIM Chairman Masoud Khansari are scheduled to visit Belarus from…

The prices of imported flat steel in Iran continued to increase over the week that ended on Wednesday, as deals and offers were reported at higher prices.

There was a booking of 20,000…

The Trade Defense Instruments Committee of the EU has rejected a proposal to impose definitive anti-dumping measures on the import of hot-rolled coil from Iran and three other countries.

Tehran Stock Exchange’s main index TEDPIX gained 402 points or 0.5% during the week that ended September 6 to close at 83,675.

Trading at Iran’s stock markets starts on Saturday and ends…

The export of PET (polyethylene terephthalate) chips continues to be the biggest problem for Iran’s PET polyester carpets, the chairman of Sadaf Termeh Fiber’s board of directors said. “The…

The intrinsic quality of capital is that it cannot afford to stop growing, as the whole process of economic reproduction is conditioned on capital accumulation.

The system depends on…

Auto distributors and ports in the United States’ southeast are scrambling to prepare for Hurricane Irma, a devastating storm that is forecast to directly hit south Florida on Sunday and move…

Iran Khodro has attended the Industrial Armenian Expo for the second consecutive year. The 17th version of the three-day event that opened on Friday in Yerevan is hosting a large number of…

Automaker Azar Ettesal based in East Azarbaijan Province has launched presales of its locally designed light-duty trucks with a relatively competitive price.

The 5.2-ton truck, dubbed ‘…

Foreign exchange rates increased in Tehran's market on Wednesday, following the Central Bank of Iran's latest regulations concerning foreign currency offered at banks to travelers.

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As Iran pushes reforms to privatize its economy and improve the business landscape, the country's private sector is taking a more proactive approach in convincing the government to liberalize…

Tose’e Ta’avon Bank or the Cooperatives Development Bank of Iran has allocated about 30 trillion rials ($770 million) of loans throughout the country since the beginning of the current fiscal…

A comprehensive system for exchanging information on combating money laundering pertaining to Bank Melli Iran, the nation’s biggest lender, has been established by the bank with the support of…

The initial public offering of the so-called Sakhab bonds took place on Iran Fara Bourse on Wednesday after months of trading by banks. The trading symbol of “BT051” opened on IFB in the early…

Major Iranian steelmakers exported 2.64 million tons of semi-finished and finished steel products during the first five months of the current Iranian year (March 21-Aug. 22), registering a 12%…

The ongoing seasonal ban on rice imports will be in effect until Nov. 21, Deputy Agriculture Minister Yazdan Seif said, noting that the ban started as of August.  

Tehran Stock Exchange’s main index lost 58.20 points or 0.07% to end Wednesday trade at 83,675.3.

About 424 million shares valued at $31.9 million changed hands for the day.

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A new freight train service bound for the Iranian capital of Tehran was launched from Yinchuan City of northwest China's Ningxia Hui Autonomous Region on Tuesday.

Two Indian firms have signed an agreement with the Industrial Development and Renovation Organization of Iran to finance the construction of a rolling stock manufacturing company.

Alborz Province Exports Promotion Company will open a permanent exhibition in Moscow late October based on an agreement reached by an Iranian-Russian consortium headed by Russia’s Elbin Bank and…