Economy

Official figures show that about 90% of foreign clothing are smuggled into the Iranian market, says the director general of Textile, Apparel and Leather Industry Organization, affiliated to the…

Iran accounts for 15.7% of the 7 million tons of date fruit annually produced worldwide, which amounts to 1.1 million–200,000 tons of which are grown in Khuzestan Province alone, according to…

The 13th session of Iran-Belarus Economic Commission, headed by Iran’s Minister of Industries, Mining and Trade Mohammad Reza Nematzadeh and his Belarusian counterpart, Vitaly Vovk, is scheduled…

A trade delegation from the northeastern Austrian state of Lower Austria met with Masoud Khansari, the head of Tehran Chamber of Commerce, Industries, Mines and Agriculture, in Tehran on Tuesday…

The Iranian steel industry’s path to growth is influenced by factors, such as the global steel supply, iron ore prices, import tariffs and the prevailing political climate.

Most of these…

The ‘construction quality assurance’ scheme proposed recently by the government was a dire need of the domestic construction industry, a housing experts says,  but adds that he is not very…

As the first Irish trade delegation arrived in Iran this week after the lifting of sanctions in January, a major obstacle in the way of bilateral trade between the two countries has remained…

Shaparak, the domestic payment and settlement network, processed 1.035 billion transactions during the last month of the fiscal year that ended on March19, worth 1.18 quadrillion rials ($39…

Parsian Bank and Post Bank have teamed up to improve their services for promoting domestic production, exports and scientific ventures.

Saman Bank Academy is holding an educational seminar on trends in anti-money laundering measures in cooperation with the UK based Euromoney Learning Solutions. David Brimacombe, an expert in…

The Central Insurance company of Iran has urged insurance firms to remove misleading billboards from the cities. The measure comes after some insurers put ads purporting to pay extra returns on…

The metal packaging industry has been around for nearly two centuries and continues to thrive worldwide.

Metal cans and tins are commonly used for packaging food and industrial products…

Football is one of the most popular sports in Iran and clubs hosting the teams have a large following of fervent fans.

Despite the avowed goal of privatizing state assets, the fate of two…

Tehran Stock Exchange's all-share index TEDPIX wiped 294 points or 0.37% to close Tuesday trade at 78,394.4. Steel companies, oil refineries and investment companies weighed most on the benchmark…

The government sold the first batch of the so-called Ijarah sukuk, a form of Islamic bond, on the Iran Fara Bourse over-the-counter market earlier this week, adding to the financial…

Iran Mercantile Exchange witnessed the trading of more than 62,000 tons of commodities valued at over $28.1 million on Tuesday, including 21,300 tons of polymers, 520 tons of granulated sulfur, 3,…

Iran's first-ever social enterprise hub has shut down after one of its main sponsors pulled the plug on funding, according to one of the founders.

A social enterprise…

As South African President Jacob Zuma concluded a two-day visit aimed at bolstering trade relations with Iran, MTN, Irancell's part owner, said it would repatriate 15 billion South African rand ($…

Augmedix Inc, a startup that uses Alphabet Inc's Google Glass to provide documentation services to doctors and other healthcare workers, said on Monday it had closed a $17 million funding round…

Turk Eximbank will open a $400 million credit line for the Export Development Bank of Iran to import raw material and support investments in projects, Ali Salehabadi, the EDBI chief executive,…

Close to 1.5 tons of caviar were produced in Iran in the last Iranian year (ended March 19, 2016), over 65% of which—worth $1.7 million—had been exported to Japan, Germany, the UAE, Britain, Italy…

Iran and Turkey agreed to reopen the Sarv-Esendere border crossing in May during the recent visit of Iranian President Hassan Rouhani to Turkey in mid-April, Islamic Republic of Iran Customs…

Iran and South Africa have vowed to raise economic exchanges to $8 billion a year by 2020, said the visiting South African President Jacob Zuma.

Construction shares in the South Korean stock market rallied on hopes of big development deals in Iran during President Park Geun-hye’s upcoming visit to the Middle Eastern nation in early May,…

Maritime trade ties between Oman and Iran were further bolstered on Saturday when a consignment of pipes shipped from Sohar Port and Free Zone was discharged at the Iranian port of Bandar Lengeh.…