Economy

Khouzestan Oxin Steel Company is producing wear-resistant steel for the first time in Iran, the company’s managing director announced. “Our estimates show that the country annually needs 60,000…

Iranian steel mills produced 9.947 million tons of steel during the first half of 2017, registering a 13.7% growth compared with last year’s corresponding period, the latest report released by…

Shahid Rajaee Port in the southern Hormozgan Province accounted for around 60% of all Iranian port activities last year (March 2016-17), the managing director of Ports and Maritime Organization of…

As part of the discount Iran received from Airbus in its order for 100 planes, an A320 comes free. This was announced by deputy minister of roads and urban development, Asghar Fakhrieh-Kashan, in…

Khorasan Razavi and the Republic of Tatarstan signed a memorandum of understanding in the city of Kazan in Tatarstan on Wednesday to expand bilateral economic cooperation in a wide range of fields…

Over 29 trillion rials ($767 million) were invested in Iranian mines during the fiscal 2015-16, registering a 48% increase compared to the year before, the Statistical Center of Iran’s latest…

China is financing the under-construction Tehran-Qom-Isfahan high-speed railroad project, director general of Isfahan Province Governorate’s Technical Office said.

“Foreign financing of the…

Iran will launch a railroad to Afghanistan in three weeks, an official with the Islamic Republic of Iran Railways said.

"The railroad runs 30 kilometers in the Afghan soil from the border…

Women will hold 30% of executive positions and top officials will become eight years younger by the end of the Sixth Five-Year Economic Development Plan (2017-22), Vice President Es’haq Jahangiri…

A new website called Chetor.com (meaning ‘how to’) was launched earlier this month with the aim of giving incentives and training in a range of business studies.

The website, developed…

Organizers of an international robotics competition in the US capital believe the disappearance of six teens from Burundi may have been “self-initiated.”

Amirkabir University of Technology, as one of the Iranian international robotic teams, will depart for Nagoya, Japan at the weekend to take part in RoboCup 2017 World Championship.

The Knowledge-Based Companies and Institutions Center affiliated to the Office of the Vice Presidency and the Central Insurance company have jointly developed a program for providing knowledge-…

The ‘Best Companies Festival of Pardis Technology Park’ Awards will be presented on August 22 unveiling the top products and services coming out of the companies this year.

It will…

Iran's Saman Insurance Company has signed a contract with the world's largest reinsurance company Munich Re, the CEO of Saman Insurance said on Wednesday.

“Based on the contract, risks in…

The Central Bank of Iran is set to meet the immediate demand for 550,000 marriage loans, CBI’s deputy for credit affairs announced.

“Currently, half a million applicants are waiting to…

The Iranian banking system paid out 1.01 quadrillion rials ($27 billion) worth of loans to nearly 1.4 million applicants in the first three months of the new Iranian year to June 21, marking an 8.…

The two high demand currencies in Tehran’s market, namely the US dollar and euro, followed entirely different trends during the week to July 18. The rial was quoted at 37,780 to the greenback on…

The next phase of waiving late payment penalties for non-performing loans has begun at the Central Bank of Iran, prioritizing loans under 400 million rials ($10,600(.

The Association of Private Banks and Credit Institutions has surveyed factors behind a radical surge in the debts of private lenders to the Central Bank of Iran as a result of overdrafts,…

Tehran Stock Exchange’s main index inched up 42.80 points or 0.05% to end Tuesday trade at 79,735.7.

Trading at TSE and Iran Fara Bourse starts on Saturday and ends on Wednesday.

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The European Commission has decided that Iran’s exports of hot-rolled coil to the continent will be subject to definitive anti-dumping duties.

According to a preliminary document seen by…

Mineral companies affiliated with Iranian state mines and metals holding company, IMIDRO, produced 9.49 million tons of iron ore concentrate in the first three months of the current Iranian year (…

Extroversion is the only magic word for the survival of Iran’s economy and industries, top presidential advisor, Masoud Nili, said.

A total of 376 million liters of engine oil were produced by Iran’s four major companies, namely Behran Oil Company (129 million liters), Iranol Oil Company (109 million liters), Sepahan Oil…