Economy

The largest Iranian flats producer Mobarakeh Steel Company continues to diversify product portfolio of high value-added steel. This time, the company is focusing on high-strength galvanized steel…

A groundbreaking ceremony for launching a joint pharmaceutical plant between Iran and Azerbaijan will be held on January 16. Iranian Minister of Cooperatives, Labor and Social Welfare Ali Rabiei…

Close to 4.33 million tons of agro products worth nearly $4.13 billion were exported from Iran during the nine months to December 20, registering a 5.3% increase in value, the deputy agriculture…

Tehran Stock Exchange’s main index shed 368 points or 0.5% during the week that ended January 11 to end at 78,622.

IFX, the over-the-counter Iran Fara Bourse’s benchmark, lost 14.7 points…

Close to 2 million tons of wastes were recycled in Iran in the last fiscal year (March 2015-16) to produce nearly 1.3 million tons of polymers and plastic products, the head of Iran Recycling…

Air pollution costs Iran about $20 billion annually, which can be used to purchase 20,000 subway cars or establish 140 power plants, 60 stadiums with a 50,000-seat capacity and 900 60-hectare…

The official portal of Measuring Information Society (MIS) of Iran has released data indicating that some 65% of Iranian Internet users are active on social media.

It did not give the size…

Nintendo will launch the Switch, its first new game console in about four years, on March 3 for $299.99 in the United States and 29,980 yen in Japan, the video game maker announced on January 13.…

Registration for the new cycle of startups at Avatech accelerator started on January 9.  

Telegram Messenger has released the version 1.0 update of its universal desktop application, Telegram Desktop. The app had been available for a while but this is the first stable release and it…

Ride-hailing service Uber signed an agreement with Dubai’s transport authorities on Wednesday to become fully regulated after a series of clashes over pricing and availability.

Iran’s agriculture sector generates an average value added of 250% from raw products, said the managing director of the Central Organization of Rural Cooperatives of Iran.

Iran holds 3 billion tons of decorative stone reserves, says an executive of Iran Stones Association.

Some 16 million tons of decorative stones are extracted in Iran every year, which is…

Around $519 million worth of foreign investments have been made in Alborz Province since the beginning of President Hassan Rouhani’s tenure in August 2013, an official with the provincial…

Iranian private steelmakers exported 2.56 million tons of crude steel during the nine months ending December 20, recording a 118% upsurge compared with last year’s corresponding period. The…

In the second quarter of the current Iranian year 1395 (June 21-September 21, 2016), Iran’s crude oil production continued its upward trend of the past two years and in 7/1395 (10/2016).

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The Statistical Center of Iran has released a report on home prices in Tehran during the summer, indicating that average prices registered a 6% growth compared with the same period of last year.…

For Islamic banking, the opening up of Iran is a huge development, as Iranian banks make up the world’s largest financial system based on Islamic law, with Islamic banking assets totaling $500…

The Central Bank of Iran has issued licenses for 200 credit cooperatives since the beginning of the current Iranian year (started March 20, 2016), CBI’s deputy for supervisory affairs announced on…

The research arm of the Iranian Parliament has published a report on fluctuations in the foreign exchange market during the past few months, advising the Central Bank of Iran to do what it takes…

Tehran Stock Exchange’s main index gained 12.50 points or 0.02% to end Wednesday trade at 78,622.

About 783 million shares valued at $29.7 million changed hands for the day.

Bafgh…

Annual premiums for 2017-delivery refined lead in Asia have softened compared with the year before as a result of an uptick in Iranian exports of the metal.

Premiums for 99.97% purity lead…

The government of US president-elect Donald Trump will have no significant impact on foreign investments into Iran’s mining sector, as any reinstatement of sanctions will, if at all, pose minimal…

Maersk Line has expanded its footprint in Iran by adding a second port of call less than three months after it resumed services to the country following the lifting of sanctions imposed…

Despite challenging market conditions, Iran’s billet and longs producer Khorasan Steel Complex managed to significantly increase sales volumes over the first nine months of the current Iranian…