Economy

Iranian companies are managing $4.2 billion worth of housing, cement and oil projects in Iraq, according to Iran’s commercial attaché to Iran, Mohammad Rezazadeh.

Market analysis shows that enough rice has been stored, therefore the ban on import of this staple will remain in force, announced an official with the Agriculture Ministry. Market Adjustment…

Medical products, including but not limited to medications and treatment kits, are not subject to value added tax, said the deputy head of Iranian National Tax Administration. Therefore,…

Fifty-two tons of prawns produced by five companies in West Azarbaijan Province will be exported to European countries, including France, Germany, Italy and Armenia, said the provincial head of…

Conforming to the principles of Resistance Economy is a key aspect of the sixth five-year economic development plan (2016-21), director general for planning at Trade Promotion Organization of Iran…

In a joint session in Tehran, Askar Mamin, the minister of transport and communications of Kazakhstan, and Mohammad Gharavi, the head of Islamic Republic of Iran Railways Transit Committee, agreed…

The import tariff on black chador (a full-body cloak worn by many Iranian women) has seen a 450% rise recently jumping from 10% to 32%, according to deputy head of the Association of Chador…

Low demand in domestic steel market and the slump in steel prices over the past one year have dramatically reduced the prices of scrap iron as a vital material for steel production.

Tuesday trade at Iran Mercantile Exchange saw the offering of about 60,000 tons of polymers by local petrochemical complex on the oil and petrochemical trading floor.

Iran Fara Bourse’s main index IFX surged 10.54 points or 1.46 percent at Tuesday’s close to end at 734.17 and catch up with Tehran Stock Exchange. As IFB reported, more than 537 million securities…

Almost 71-percent of the listed companies at Tehran Stock Exchange outperformed on Tuesday to help the benchmark rise 562 points or 0.87 percent to stand at 64,838.5.

The National Iranian Copper Industries Company has signed a cooperation agreement with the Mining Investment Insurance Fund to protect private producers of copper concentrate, IRNA reported.

In Iran, demand for housing is always more than supply, resulting in boom and bust cycles in housing prices, Hadi Nazarpour, a housing sector expert, told ISNA.

He said as the housing…

Minister of Economy Ali Tayyebnia has called for fundamental reforms in the banking system, saying an integrated system should be created in the banking sector to collect customers’ information…

The latest report from the Central Insurance of Iran for March 21-April 20 suggests  that out of the $300-million premium income earned by insurance companies during the period, only $…

Five commercial banks have announced their readiness to grant home loans while requiring no sight deposits as prerequisite, a report says.

Eligible applicants are expected to receive loans…

The rial’s recent rally against the US dollar in the Iranian foreign exchange market is noteworthy, as marathon nuclear talks between Iran and the six world powers reach their final weeks. It is…

Shiraz Medical Sciences University and Italy's University of Turin have signed a memorandum of understanding to expand cooperation in the fields of science and research for five years. The two…

Homes and businesses in the center of the Australian city of Adelaide will be offered financial incentives to connect battery storage to their solar power systems.

Adelaide City Council…

IBM America has launched a law-enforcement data repository as a cloud service and an emergency management application that's powered by The Weather Co.

E-banking is an inseparable part of the banking industry and Iran needs to put a proper system in place to modernize the industry hampered by years of financial mismanagement and economic…

Ansar Bank sold its investment subsidiary on Monday. Over 1.33 billion shares of Danayan Pars Investment Company were sold to Sadr Arain and Ab-Khak-Sakht investment company. Ansar and its various…

Pradip Shah's IndAsia Fund Advisors and Iranian Middle East Bank have formed a joint venture to explore investment opportunities between India and Iran.

The deal comes ahead of the June 30…

Bank Melli is set to act as a mediator between the government and contractors that have undertaken government projects.

Iran Mercantile Exchange featured various types of steel sections offered by Mobarakeh Steel Company in its spot market on Monday.