Economy

Iran Mercantile Exchange witnessed the trading of over 62,500 tons of commodities on Sunday. This included 6,000 tons of aluminum ingots, over 1,500 tons of rebars, 950 tons of corn, 80 tons of…

Some $350 million worth of seafood were exported in the last Iranian year (March 2015-16), registering a 15% rise compared to a year before, the head of Iran’s Fisheries Organization said. “Of the…

Iran could achieve self-sufficiency in wheat production in the next 2-3 years, said Esmaeil Esfandiaripour, an advisor to the Agricultural Jihad Minister. Currently 85% of domestic demand for…

Iran exported more than 230 tons of hand-woven carpets worth some $11 million during the first month of the current Iranian year (started March 20), indicating a 107% and 120% growth in volume and…

Close to 100,000 tons of dates have been stored and there will be no shortage of the product in the holy month of Ramadan, an official with the Agricultural Jihad Ministry said. “We will do our…

Lack of insight into Iran’s current economic condition hinders foreign businesses from making investment here.

Despite all the efforts made by Iranian delegations that visited several…

A new indigenously developed Android app has hit the market with a very different mission–to report sick and damaged trees around the country.

Called Derakhtban, the new application can…

Turkcell, Turkey’s biggest cell operator, has unveiled the country’s largest data center in Gebze near Istanbul. The company wishes to use its servers to host Google and other companies in the…

Huawei is strongly defending its export position following reports in the New York Times that the US Department of Commerce has subpoenaed it for information about supplying US technology to…

As Iran prepares to allow several new Mobile Virtual Network Operators to enter the telecoms market, rumors have been circulating in local and international media that Iran could also host the…

Expanding banking ties and countering terrorism financing are the key issues at stake for Iran, said Ali Tayyebnia, the minister of economy in a meeting with Austria’s Minister of Finance Hans…

Isfahan annually exports close to $800 million worth of gold bars, according to the Iranian province’s governor general, Rasoul Zargarpour. Mouteh Gold Mine, one of Iran’s biggest gold deposits,…

Iran is stepping up talks with potential foreign investors with an eye to develop its mining and metals industries, the president of the Iranian Mines and Mining Industries Development and…

Tehran Stock Exchange’s benchmark wiped 769 points or 1% during the week that ended on June 1 to stop at 76,084.

Over 4.5 billion shares valued at $270.8 million changed hands in 354,000…

Concerns in the financial community about doing deals in Iran are hampering Airbus Group SE’s ability to close a multibillion-dollar aircraft pact with Tehran, the European plane maker’s head of…

Tehran-based international financial services group Turquoise Partners periodically issues newsletters and factsheets about Iran’s economy, based on International Monetary Fund, World Bank and…

The Cabinet has announced that all the necessary steps would be taken so that 350,000 residential units are ready for delivery by the end of the present fiscal year that ends in March 2017. The…

The governor of the central bank has stressed the necessity of upholding environmental-friendly norms in economic policy and projects.

Insurance companies are allowed to offer discounts for auto insurance only up to 2.5%, according to a law called into action by President Hassan Rouhani on Wednesday.

Heading a delegation of representatives of workers and employers unions, Minister of Cooperatives, Labor and Social Welfare Ali Rabiei is heading for Geneva today to attend the 105th session of…

Iran’s railroads have the potential for the cross-border transport of 12 million tons of cargo per year, but only 4 million tons are currently utilized, said a board member at Islamic Republic…

The Iranian capital hosted the first Alu-Tech Partnership Seminar last week with a focus on technological developments in the production of structural parts as well as in automotive industry.

The tenure of former president Mahmoud Ahmadinejad is gaining notoriety as one of Iran’s worst periods in history.

Squandering of public funds on populist policies, systemic corruption,…

When sanctions on Iran were lifted in January, Russia might have expected to be near the front of the queue for business opportunities.

On the evidence of commerce passing through the…

The Armenian government announced on Thursday the signing of an agreement with Iran on abolishing visa requirements for Iranian travelers.