Economy

Bank Melli Iran has shifted its corporate social responsibility activities to cover the medical expenses of needy patients, BMI's CEO has announced.

About 10,000 tons of dates worth close to $40 million are exported from Iran’s southern Hormozgan Province every year, an official with Hormozgan Agricultural Jihad Organization said.

South Khorasan Province’s ultimate target is to increase the outsourcing of Kazakhstan’s farmland area to 10,000 hectares, director for market control with the South Khorasan Agricultural Jihad…

Over the past month, Oman has returned part of Iran’s agricultural shipments that lacked pesticide control certificates, the head of the National Union of Agricultural Exporters said. “…

About $137 million worth of goods were exported from and $381 million were imported to the southern Kish Island in the last Iranian year that ended March 20, 2017, registering a 30.5% rise and 15.…

Eleven development projects worth 6,180 billion rials ($167.02 million) will come on stream in the southern Shahid Rajaee Port by the end of the current fiscal year (March 2018), the director…

Tehran Stock Exchange’s main index lost 137.20 points or 0.17% to end Tuesday trade at 79,426.9.

About 555 million shares valued at $53.18 million changed hands for the day.

Shahd…

Only 4% of all commuters to and from Tehran use rail transportation, the minister of roads and urban development said. “Some 1.3 million people commute to and from the capital city on a daily…

The Iranian iron ore sector has experienced tough times in the last few years.

“Of the 145 small and medium iron ore mines operating in the fiscal year 2013-14, only nine are still…

The government of President Hassan Rouhani has delivered a convincing performance in the fight against corruption, yet it will take years to stamp out corruption from Iranian society and economy,…

Iran has cleared more than 40% of the fine it was told to pay Turkey by an international tribunal for overpricing natural gas it sold to the Eurasian country, said Asadollah Gharekhani, spokesman…

A knowledge-based firm called ‘Ideh Vision Ertebatat’ has introduced a new app called Hamloo for the busy motorcycle delivery market. Android and iOS versions of the application have been…

Telegram messenger voice calling feature was blocked before the Iranian presidential election on May 19 due to security reasons, Minister of Telecommunications and Information Technology Mahmoud…

Users of the partly South African-owned MTN-Irancell company are dropping out of the mobile network service at an unprecedented rate, while the older and bigger Mobile Communications of Iran (MCI…

Britain, Canada, New Zealand, Australia and the US, will meet next month to push ahead with plans to crack down on technology firms with a scheme to force them to share their encrypted data with…

Gold coin price dropped on Monday, after an irrational bull run on the previous day had sent it to a new high in Tehran market.

The benchmark coin was sold for 11.99 million rials ($320),…

Banking ties with two major Austrian banks are being established, with Iranian banks establishing 22 correspondent relations only with Oberbank, the governor of the Central Bank of Iran said.

Bank Melli Iran, the country's largest commercial lender, is set to establish a company tasked with recovering its non-performing loans, announced a member of the state-owned bank's board of…

Bank Melli Iran’s Hamburg branch has conducted transactions worth €11 billion ($12.3 billion), noting that the bank’s activities soared after economic sanctions against Iran were lifted in January…

The unique conditions of Iranian economy, especially its low amount of foreign debt, help attract foreign investments, a deputy economy minister said.

Tehran Stock Exchange’s main index lost 306.60 points or 0.38% to end Monday trade at 79,564.1.

About 354 million shares valued at $20.1 million changed hands for the day.

SAIPA…

A total of 1.5 million tons of minerals have been extracted from Chaharmahal-Bakhtiari Province’s mines so far in the current Iranian year (started March 21), said Behzad Ebrahimi, the head of…

Iran has high long steel production capacity, small output and low exports. The scenario for flats is the exact opposite, which is testament to Iran’s unbalanced steel sector.

Iran Airports Company registered 84,043 takeoffs and landings in the first two months of the current Iranian year (March 21-May 21), which shows an 8% rise compared with the similar period of…

An Iranian union of chicken farmers said it has received requests from Qatar to import chicken eggs over a possible food shortage there after Saudi Arabia and its allies cut ties with Doha.