Iran is expected to witness significant expansion in its pelletizing capacity in the coming years as local steel mills strive to balance their existing production chains, feed new DRI (direct…
Economy
A memorandum of understanding was signed in Baku between the Iranian National Standards Organization and the State Committee on Standardization, Metrology and Patents of the Republic of…
Tehran Stock Exchange’s benchmark index TEDPIX gained 334 points or 0.4% during the trading week that ended August 10 to close at 78,190.
TSE trading begins on Saturday and ends on…
Trade with Afghanistan can increase to at least $6 billion per year from the current $2.5 billion, said the Minister of Economy Ali Tayyebnia.
In a groundbreaking decision, the government has announced measures to transfer its accounts from agent banks to the Central Bank of Iran in line with its policies to promote transparency and…
A new plan is being reviewed by Money and Credit Council, which would allow auto manufacturers to own up to 35% of bank shares, said Kourosh Parvizian, Parsian Bank’s CEO. The permission is…
The Central Insurance of Iran, the industry’s regulator, has revoked the licenses of 58 law-breaking brokers and agents, in response to complaints filed by policyholders in the last Iranian year (…
EN Bank on Tuesday unveiled its financial supermarket, in cooperation with its affiliates, Novin Insurance and Novin Investment Bank. The move is intended to improve customers’ experience,…
Saman Bank has established corresponding relations with India’s IDBI Bank, offering services like payment orders and letters of credit in rupee. The bank currently has links with 330 banks…
Iran produced 3.629 million barrels of crude per day in July, marking a 12,000 bpd rise over its June output, OPEC said in its monthly report, citing secondary sources.
The report, released…
An innovative addressing system that assigns every patch of earth in the world an easy to remember three-word address is being used to help visitors get around at the Olympics in Rio de Jeneiro.…
Cheshmak, an Iranian software developer, has released the first indigenous mobile tool for application analytics.
Iran’s National Nanotechnology Initiative has released details of an agreement signed with the Nano Technology Research Association of Korea.
During a recent nano exhibition held in South…
Iran’s Ministry of Industries, Mining and Trade has issued licenses for nine local companies to import iPhones.
A copy of the official document that has allowed the companies to sell…
Viewers in all major Iranian cities on August 14 can receive programs of Channel 3, one of the domestic TV channels, in high-definition quality.
Bahar Azadi gold coin was traded at 11.25 million rials ($362.3) in Tehran on Wednesday, up by 1.26% or 140,000 rials compared with the previous day's close.
The Emami gold coin was up 1.1…
A reduction in interest rates would be effective as the country is still grappling with economic recession and lower rates can stoke demand and reduce the cost of living, a deputy head of the…
Money changers will not be affected by banks operating in the forex market, the head of Export Development Bank of Iran Brokerage firm said.
Referring to the achievements of Iran’s nuclear deal with world powers, the former head of Iran’s Chamber of Commerce, Industries, Mines and Agriculture said the agreement had been beneficial for…
Bank Maskan, which specializes in the housing sector, is prepared to lower its lending rates from 11% to 9%, said the bank’s CEO on Tuesday.
The plans and policies devised in the Banking Overhaul Plan—signed into law by President Hassan Rouhani earlier this month—show that the country’s economic officials, including the economy…
Iran exported more than 7,800 tons of non-oil goods valued at $13 million to the UK during the first four months of the current Iranian year (March 20-July 21), which shows an increase of 16%…
Iran-South Korea relations should move beyond trade and expand into cooperation in different fields of science, industry, agriculture and medicine, says the Korean Ambassador Kim Seung-ho. He…
Turkey’s trade with Iran has increased 30% since the lifting of sanctions, Turkey’s customs minister said on Wednesday. Bulent Tufenkci also said Iranian and Turkish companies were working on…
Agriculture Minister Mahmoud Hojjati says plans are underway to produce different varieties of hybrid seeds inside the country, including those for water intensive crops like melons and tomatoes,…
