Economy

Oil prices witnessed a sharp plunge last year due to the US becoming self-sufficient in shale oil and China’s sluggish economic growth reducing oil demand and consumption. Hence, oil-rich…

Close to 68,000 tons of mixed rebars and I-beam bundles, 6,444 tons of I-beam A3-12 and 25 and 1,100 tons of mixed rebar bundles were offered by Esfahan Steel Company on Iran Mercantile Exchange’s…

India's giant steelmaker Essar Group is planning to invest $2.37 billion on building a steel plant in Iran, according to managing director of Persian Gulf Special Economic, Industrial and Mining…

According to Governor General of the southeastern Sistan-Baluchestan Province Ali Owsat Hashemi, the province is home to 10% of the world’s antimony reserves, Mehr News Agency reported.

The gloom hanging over the listed industries at Iran Fara Bourse slashed expectations about their performance. The main index IFX edged down 4.85 points or 0.69 percent to end at 693.03. More than…

Goals have been set so that Iran will rank fifth globally in the realm of nanotechnology by the end of the next Iranian year (March 20, 2017), Vice President for Science and Technology Sorena…

Scientists in Australia have developed “long-term” memory, mimicking information processes of the brain.

Researchers at RMIT University’s MicroNano Research Facility have developed an…

In a meeting with members of Iran Chamber of Cooperatives, head of Securities and Exchange Organization, Mohammad Fetanat, announced that the so-called "cooperative stock market" is scheduled to…

As the US is waging a dangerous financial war with Iran, some experts are warning that the US could not win such a battle and that this could ultimately destroy the dollar as we know it.

The Central Bank of Iran made sanarate.ir the official website for publishing foreign exchange quotes, escalating the bank’s control over the market. The move came after fallout with the newly…

Chief executive of Iranian Urban Development and Revitalization Corporation announced that Bank Maskan and Ghavamin Bank can also grant renovation loans, which were formerly provided only by five…

Tabarok, a large industrial company, has blamed Bank Sepah for its current share repurchase crisis.

A delegation of 10 fund managers from top investment companies in the United Kingdom, Switzerland, France and Russia concluded their three-day visit to Iran on Wednesday after holding a meeting…

The government has concentrated much efforts on attracting private investments in the mining sector, even as a large number of foreign investors have shown interest in domestic mineral industries…

The deputy chairman of a Serbian manufacturer of agricultural machinery, Ivan Petrich, has invited Iranian tractor manufacturers for cooperation, IRNA reported.

Petrich made the call during…

Iran Fara Bourse’s main index, IFX, rose 6.4 points or 0.93 percent to conclude the week’s first working day at 697.91, IFB reported.

More than 77 million securities changed hands valued at…

The construction sector accounts for 40 percent of energy consumption in Iran, according to head of engineering office at National Training Center for Energy Management Mohammad Kazem Valizadeh as…

Agricultural exports are set to reach $7.5 billion in the current Iranian year (ending March 19, 2016), says director of export development department at Trade Promotion Organization, Mahmoud…

Iran and Hungary called for closer cooperation in the areas of agricultural research, trade, fisheries, livestock and poultry in a meeting held between Iran’s Ambassador in Budapest Mohammad Reza…

Many Iranian traders active in Qatar have seen their visas expire without being able to renew them, as officials from both countries met to address the issue.

Iran’s Minister of…

Minister of Industries, Mines and Trade Mohammad Reza Nematzadeh says his ministry plans to utilize financial resources from the National Development Fund of Iran to upgrade the machine-made…

Iran Khodro Diesel, the large vehicle arm of the largest national automaker IKCO, has announced it is to start production of a new 16-seat minibus, called Vana according to the company's PR office…

Jaguar Land Rover is researching road terrain detection technology for its vehicles that would warn other vehicles about potholes and other such road hazards via the cloud.

The automaker…

Passing the driver's licensing test does not always mean new drivers have the critical skills they need to drive safely. In fact, for all new drivers, regardless of their age, crash risk is…

The equity market’s risks along with the limping economy kept draining Tehran Stock Exchange during the week that ended June 10, with almost all the 40 listed industries registering new lows.