Economy

Iran’s export of crude steel and steel products will reach 6 million tons by the end of the current Iranian year (March 20, 2017) to  resister a 50% rise compared to last year, the managing…

Iran and Russia signed nine memoranda of understanding in the fields of economy, transportation, trade promotion, banking and gas during the 13th session of Iran-Russia Economic Commission held in…

MTN Group Ltd., the South African wireless carrier that has been trying to repatriate $1 billion from Iran, has managed to extract several hundred million dollars from the country with the help of…

Over 33,000 trading codes were issued by the Central Securities Depository of Iran during the Iranian month ending November 20, bringing the total number of trading codes in the Iranian securities…

Projects underway in Iran in the construction, automotive and railroad infrastructure sectors should provide a substantial boost to demand for steel in the country.

Tehran Stock Exchange’s main index shed 174.30 points or 0.22% to end Tuesday trade at 80,741.2.

Over 431 million shares valued at $35.9 million changed hands for the day.

Iran…

HMD Global, the Finnish company that owns the rights to use the Nokia brand on mobile phones, announced its first new products on December 13 - two basic handsets without internet access priced at…

According to a Persian language report by Khabar Online, a study carried out in Shiraz University of Medical Sciences proves that severe electro-magnetic waves increase the risk of infertility,…

Persian Gulf city state Abu Dhabi has signed the United Arab Emirates’ second hyperloop feasibility study to build a futuristic high-speed rail transport system connecting the cities of Abu Dhabi…

Voice services such as Microsoft’s Skype and Facebook’s WhatsApp services face stricter rules on how they handle customer data under new security laws due to be proposed by the European Union.

The total value of term deposits in the Iranian banking system grew by 12.8% to reach 9.23 quadrillion rials ($236.5 billion at the official exchange rate) during the seven-month period ending Oct…

Officials from the Council of Tall Buildings and Urban Habitat (CTBUH), along with architects, experts and policymakers, are set to discuss high-rise buildings and their efficiency as a solution…

The news last week that Iran is switching its national currency to toman was more than just a big announcement; it also polarized opinion and exposed the apparent disharmony among policymaking…

Tehran Stock Exchange’s main index inched down 12.00 points or 0.01% to end Monday trade at 80,913.9.

As much as 507 million shares valued at $33.6 million changed hands for the day.

Domestic and foreign investments in Anzali Free Zone in northern Iran during the eight months to November 20, 2016, amounted to over 14 trillion rials (more than $360 million at market exchange…

Iranian cinema got off to a flying start this year, as several movies were lucky to attract mass audiences, grossing over 10 billion rials each ($2.56 million at market exchange rates).

Top Iranian government officials and steel industry players met at Financial Tribune’s headquarters in Tehran on Monday to devise the agenda and set the general outlook for the 7th Iranian Steel…

Iran's currency may be redenominated to reflect the over three-decade change in day-to-day financial lingo.

Flag carrier Iran Air is at the “very final stage” of formalizing a deal with Europe’s Airbus, having signed a $16.6 billion deal with Boeing earlier on Sunday, an unidentified Iran Air official…

More than $5.86 billion worth of non-oil goods were exported from Tehran Province during the eight months to November 20, registering a 5.5% increase compared with the corresponding period of…

President Hassan Rouhani said significant steps have been taken to ensure food security and self-sufficiency in the agriculture sector, which guarantee national security.

The president made…

Afghan and Iranian businessmen signed deals worth $2 million during the Second Afghanistan-Iran Economic Exhibition held in Mazar-e-Sharif, Afghanistan, last week. Over 10,000 people visited the…

Turkey’s motor vehicle output totaled 150,681 units through November rising 19% year-on-year (y/y), as well as 3.3% up month-on-month (m/m), according to the monthly statistics released by the…

South Korea’s outbound shipments of cars, one of the country’s top exports, are set to decline for two consecutive years this year, handing over the world’s third-largest auto exporter title to…

The contract between Iran and France’s Peugeot “is a joint venture which is owned 50% by Peugeot and 50% by Iran Khodro Company,” (dubbed IKAP) said Mohsen Salehinia,  the deputy minister…