Economy

Vahid Roshanqalb has become the Securities and Exchange Organization’s new deputy for supervision on exchange and issuers. He replaces Ali Beygzadeh who has now become the manager of Tehran…

Mobarakeh Steel Company has set the target to sell 7 million tons of flat steel in the current fiscal year (March 2017-18), mostly in the local market, the company’s head of sales and marketing…

As per a memorandum of understanding signed by director general of Turkish company AGT, Sirzat Subasi, and that of Qazvin Industrial Parks Company, Hamidreza Khanpour, the Turkish side will…

Sarcheshmeh and Miduk copper mines produced 35 million tons of copper sulfide ore in the last fiscal year (ended March 20, 2017), according to Mohammad Hassani, chairman of National Iranian…

The second initial public offering of the current fiscal year (started March 21) is scheduled for Tuesday and is related to the telecoms company MobinOne Kish.

The $5 billion gas deal reached with Total S.A. last month set a new tone for Iran's energy industry and the country is now poised to seal new oil and gas agreements worth three times the gas…

Close to 16,660 tons of pistachio worth $173.66 million were exported from Iran to 56 countries, including the US, Ukraine, the UAE, Italy, Bahrain, Brazil, Bulgaria, Turkey, Canada, Qatar,…

China will finance 88% of the project to electrify a 926-km railroad between Tehran and the eastern city of Mashhad, Islamic Republic of Iran Railways’ deputy head, Maziar Yazdani, said.

Bilateral trade between Iran and Turkey stood at around $5.32 billion during the first half of 2017, indicating an 11% increase compared with the similar period of last year, the Persian daily…

Plans are underway to establish a new apparel industrial town in Fashafouyeh, located in Tehran Province’s Rey County, with the stated aim of limiting imports, boosting domestic production and…

Images of Nokia’s new flagship phone have been released on social media this week, making many die-hard fans hot under the collar by rumors the new phone will take on top-end Samsung Galaxy S8…

The iPhone SE was launched in March of last year and is now at the bottom of the company’s models.

Thankfully though, Apple has not forgotten the smallest of its smartphones and is…

Peeyade (meaning pedestrian in Persian), a local discovery app, has released an updated version for Android iOS users and now Windows. The application introduces Persian-language readers to…

CEO and founder of Telegram, Pavel Durov, took to Twitter on July 29 to say the company is set to regulate activities of modified versions of the application.

Better known as “forks”,…

In its latest directive, the Central Bank of Iran has raised the limit on the maximum amount to which the ratio of debts and assets held in foreign currencies by all banks and certified non-bank…

The annual general meeting of the Central Insurance of Iran company was held on Friday in Tehran and the head of the regulatory body presented a report on the performance of insurance sector,…

In light of the significant jump in Cooperative Investment Guarantee Fund’s capital adequacy ratio, the fund’s managing director announced that it is ready to issue up to 25 trillion rials ($658…

Bank Saderat Iran has doled out loans worth 174 trillion rials ($4.5 billion) in the fiscal year that ended on March20, 2017, registering a year-on-year growth of 36.3%. According to a statement…

You are considering investing in a large country with 80 million people and a relatively prosperous GDP per capita of almost $20,000.

President Hassan Rouhani has ordered the Cabinet to address the parliament’s concerns about steelmakers prioritizing flat steel exports over local downstream users’ demand, chairman of the…

Iran exported more than 20.6 million tons of mineral products worth over $2.83 billion during the first four months of the current Iranian year (March 21-July 22), registering a 3% growth and 5%…

The average price to earnings ratio of Tehran Stock Exchange-listed companies stood at 6.7 during the Iranian month of Tir (June 22-July 22). The ratio was calculated based on the market…

More than 864 tons of toothbrushes worth over 327 billion rials ($8.55 million) were imported into Iran from 15 countries in the last fiscal year that ended on March 20, 2017, the Islamic Republic…

Amid deepening Indo-Iranian ties, New Delhi is hopeful that the strategic Chabahar Port will be operational by 2018.

Road, Transport, Highways and Shipping Minister Nitin Gadkari, who was…

Iran is targeting dairy exports worth $1 billion in the current fiscal year (March 2017-18), Agriculture Minister Mahmoud Hojjati said.

“In the past, we used to import dairy products,…