Economy

On Sunday, 22,000 tons of lube cut oil offered by Tehran, Tabriz and Bandar Abbas oil refining companies were traded at Iran Mercantile Exchange for more than $2.5 million. Furthermore, 10,000…

Foreign investors are showing interest in Iranian bonds, says the head of Iran Fara Bourse—the country’s largest bond market.

Amir Hamouni added that foreign investors have already chipped…

Iran has a lot to boast about when it comes to the steel industry.

The country possesses some of the world’s largest mineral reserves with close to 2.7 billion tons of iron ore. It is…

Tehran Stock Exchange’s main index TEDPIX rose 465.82 points or 0.63% to settle Sunday trade at 74,569.4.

More than 2.1 billion shares valued at $118.1 million were traded, indicating a…

Polyester is a synthetic fiber derived primarily from petroleum.

Tehran and Moscow will discuss credit line extensions during a visit by Mohammad Khazaei, the deputy economy minister, to Russia on Monday, Iran’s ambassador Mehdi Sanai said Saturday. The…

Bank Maskan (housing bank) is planning to establish a “Special Maskan Credit Insurance” to cover risks for mortgage-backed securities (MBS) and the repayment of housing loans, said Mohammad Hashem…

A former governor of the Central Bank of Iran says unless exchange rates are unified, Iran’s markets would remain unattractive for foreign investors.

“Foreign companies are not likely…

Implementation of the nuclear accord with the six world powers has removed a big hurdle in the way of economic development, Said Laylaz, a senior economist says.

However, he warned that the…

Rural villages in Iran are being connected to the World Wide Web, with 326 villages in Fars Province in southwest Iran recently getting access to high-speed Internet.

The connectivity…

The Telecommunications Company of Iran will offer Internet Protocol Television services by the end of this week. For the start, users will have access to 32,000 movies via the service as well as…

Researchers at Amir Kabir University of Technology have synthesized adsorbents that clean the air of nitrogen oxides and carbon monoxides.

Air pollution poses significant challenges to…

Britain's largest employer and fifth largest employer in the world is about to get a £4.2 billion digital overhaul.

Health Secretary Jeremy Hunt will detail how the drive towards a…

Canada said it was lifting some sanctions against Iran, including a ban on financial services, imports and exports, thereby allowing companies such as planemaker Bombardier Inc to compete against…

The Trade Promotion Organization of Iran is organizing a delegation of Iranian businessmen to visit five countries in the coming weeks. The mission is scheduled to travel to Russia, Jordan and…

The chiefs of the legislative, executive and judiciary branches of the government have agreed to postpone the passage of the sixth five-year development plan (2016-21) and the budget for the…

A 15-member Iranian business delegation led by Mohammad Reza Mowdoudi, an adviser to the Iranian industries, mining and trade minister, visited Dhaka last week and expressed eagerness to invest in…

India and Iran held extensive discussions on key bilateral and regional issues, including security, energy and connectivity, in New Delhi last week as India looked at re-energizing its ties with…

Tehran Stock Exchange’s main index TEDPIX jumped 419.60 points or 0.57% to end Saturday trade at 74,103.6.

The TSE gauge has been rallying for six weeks now, hovering around a 14-month high…

Faced with a persistent drought for 18 years, Kerman has been struggling to maintain a balance between its pistachio gardens and deserts that currently account for 34% of the province’s area.

The growing presence of unlicensed hosiery manufacturers has become a cause for concern for licensed producers, says the secretary of Tehran Union of Hosiery and Yarn Producers and Salespeople.

A senior Iranian official has called on Belarus to share its expertise in the production of mining machinery and set up production lines in Iran.

Take a moment to consider just how dark the future is for economic growth worldwide. The slaughter in oil aside, real demand is collapsing at a rate never seen in the last half century, implied…

Bank Maskan (Housing Bank) has started offering Housing Savings Account’s loans well ahead of the scheduled date.  The first applicants received their loans on Wednesday although they were…

The domestic banking sector needs a thorough overhaul, Ali Divandari, head of Monetary and Banking Research Institute said. Any fissures in this important industry or its further weakening would…