Over 14.8 million tons of crude steel were produced in Iran during the 10 months of 2016, registering a 9.6% increase year-on-year, the latest report released by World Steel Association shows.
Economy
Economy
Tehran Stock Exchange’s main index gained 75 points or 0.09% to end Tuesday trade at 79,393.9.
More than 644 million shares valued at $49.9 million changed hands for the day.
Iran…
Economy
The offer to sell a 17% equity stake in Iran’s Esfahan Steel Company attracted no bids by the Nov. 16 deadline, the Iranian Privatization Organization said in a statement.
It is the second…
Economy
Out of 1.4 million tons of vegetable oils imported to Iran annually, close to 760,000 tons are palm oil, according to a member of the Majlis Agriculture Commission, Abbas Papeyzadeh.
Palm…
Economy
A local ride-hailing service called TAP30 announced on Monday that users can now use a “robot” on messaging application Telegram to summon a ride, which marks the first such use of AI in the field…
Economy
Instagram has rolled out many new features this year and the latest features include live video and vanishing message—watch out Snapchat et al.
The new features, which are part of Instagram…
Economy
Brazil and Iran have developed a joint agenda for research and development in technology parks, nanotechnology and biotechnology to leverage synergies between the two countries, according to a…
Economy
An Iraqi delegation from the University of Babylon visited Tehran’s Amirkabir University of Technology to discuss the establishment of new research centers among other topics. Ahmad Shoushtari,…
Economy
Iran’s Minister of Communications and Information Technology Mahmoud Vaezi met with French Ambassador to Iran Francois Senemaud on November 17.
In the meeting, Vaezi called for accelerating…
Economy
A satellite built by Iran’s University of Science and Technology has been delivered to Iranian Space Agency and is ready for takeoff.
Mohammad Ali Barkhordari, the university’s rector,…
Economy
The mechanisms of economic development in Iran are not focused on reduction of air pollution.
That is the primary complaint of an editorial authored by business journalist, Ali Farahbakhsh…
Economy
A drug maker and an oil company, slated to go public this month (the Iranian month that started on Nov. 21), will be the vanguard of 37 listings planned by Tehran Stock Exchange for the next six…
Economy
Tehran Stock Exchange’s main index gained 40.40 points or 0.05% to end Monday trade at 79,319.0.
More than 431 million shares valued at $29.6 million changed hands for the day.
…
Economy
The Securities and Exchange Organization has mandated companies to prepare their financial statements based on International Financial Reporting Standards for the current fiscal year (ends March…
Economy
The Iranian Privatization Organization will sell 12 trillion rials ($326 million at market exchange rate) of government-owned stocks this week, Jafar Sobhani, a consultant to the head of IPO, said…
Economy
The Export Guarantee Fund of Iran and Brazil’s fund for export guarantee (ABGF) signed an agreement to expand cooperation on information exchange, reinsurance, and coinsurance, aiming to help ease…
Economy
The Central Bank of Iran has published its latest report on the economic performance of the country for the six months ending Sep. 21. Although the report lacks important data such as the growth…
Economy
After years of isolation left them with outdated practices, banks in Iran are trying to fall in line with international norms of transparency, attract more business and integrate with the global…
Economy
The government has sufficient financial resources to implement the long-pending single foreign exchange rate regime, said Kamal Seyyed Ali, head of the Export Guarantee Fund of Iran.
Economy
Central Bank of Iran needs more authority to start merging banks, said Ali Divandari, head of the Monetary and Banking Institute.
Economy
It is barley planting season and the Agriculture Ministry is planning to increase the area under cultivation of the crop by 50,000 hectares to 1.75 million hectares this year, says Kaveh Khaksar,…
Economy
The presentation was as professional as that of a western company.
In its promotional movie clip, the state-owned Islamic Republic of Iran Shipping Lines was shown to be a modern, fully-…
Economy
Iran witnessed an 18% hike in the number of passengers using air transport during the seven months to October 21, said deputy minister of roads and urban development, Ali Abedzadeh. There has been…
Economy
Iran cannot afford to pay in cash for the order it placed with Airbus, says deputy minister of roads and urban development Asghar Fakhrieh-Kashan.
“We have not held any negotiations over…
Economy
Iran exported 876,000 tons of non-oil goods worth $333.5 million to the Republic of Azerbaijan during the seven months ending October 21, which indicates a 112% rise in value compared with last…
Economy
