Economy

Iran’s largest flat steel producer Mobarakeh Steel Company ended the first month of the current fiscal year (started March 21), with double-digit upticks in production and sales value while…

Tehran Stock Exchange’s main index gained 274.54 points or 0.29% on Sunday compared to the day before to end trade at 94,165.6.

About 704 million shares valued at $34.15 million changed…

NASA has long been able to check out Mars on the ground with rovers and landers and from far above with orbital spacecraft. Now, it wants to prove that it can sustainably fly around the planet’s…

Iran’s Vice President for Science and Technology Sorena Sattari met with Swiss State Secretary for Education, Research and Innovation Mauro dell’ Ambrogio in Tehran to hold talks about expansion…

Iran’s major mobile operator and Internet service provider MTN-Irancell is swapping subscribers’ WiMAX modems which are mostly used at homes for TD-LTE ones, which will translate into increased…

The Central Bank of Iran has released its latest report on the index of housing rent across the country for the fourth quarter of the previous fiscal year (ended March 20, 2018), which shows an…

One of Iran’s top bankers has renewed the beleaguered banking system’s call for service fees to emerge as the main source of income instead of interests. “Bank Melli Iran has started charging…

Iran’s banking sector has rebounded in the absence of sanctions lifted under the 2015 nuclear deal and will continue to rebuild its foreign correspondent relations despite the recent US…

The Central Bank of Iran has allowed lenders to purchase the hard currency held by foreign tourists, transit drivers, foreign diplomatic missions based in Iran and representative offices of…

Foreign ministers from Germany, France and the UK on Monday will meet with Iranian officials to save the multilateral Iran nuclear agreement strung together by former US president, Barack Obama…

Around 4,344 tons of rosewater worth 428.1 billion rials ($12.24 million) were exported to 30 countries from Iran during the last fiscal year (March 2017-18), based on figures released by the…

About 13.4 million tons of wheat are estimated to be produced in the country during the current fiscal year (March 2018-19), the manager of “Wheat Project” undertaken by the Ministry of…

A high-ranking political-economic delegation arrived in Tehran on Saturday to discuss ways of improving all-round ties between the two neighboring countries.  Turkmenistan’s Deputy Prime…

The Administrative and Recruitment Organization announced on Friday that a retrospective directive has been issued to all state entities on May 8 for disclosing the full details of payments,…

The London Metal Exchange is maintaining the status quo on its treatment of Iranian aluminum brand IRALCO after the United States said this week it will reintroduce nuclear-related sanctions on…

Major Iranian steelmakers exported 420,944 tons of semi-finished and finished steel products during the first month of the current fiscal year (March 21-April 20) to register a 6% growth year-on…

Iran traded $992.34 million worth of non-oil goods with Singapore during the last Iranian year (ended March 20, 2018) which is 36.59% more compared to the year before, making the Southeast Asian…

Tehran Stock Exchange main index gained 58.90 points or 0.07% to end Monday trade at 88,261.2.

About 602 million shares valued at $35.599 million changed hands in the day.

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Iranian automaker and local partner of Hyundai Motor is set to unveil the South Korean firm's small SUV Kona by late June.

According to Kerman Motor's marketing manager, the Kona will be…

During the ceremony to deliver the first series of the Haval H2 to customers, Bahman Motor CEO Hamid Davoudzadeh announced that Haval H6 will arrive in the market in October.

CEOs or senior executives from ten American and foreign automakers met with President Donald Trump on Friday for about an hour at the White House as the Transportation Department considers…

Iran’s housing sector has been showing signs of exiting a deep recession that had undermined the country’s overall growth for more than five years, but US President Donald Trump’s pullout on May…

The Central Bank of Iran has announced allocating $6.6 billion to fulfill the country' foreign exchange needs between April 11 and May 8 at the unified rate of 42,000 rials. 

Central Bank of Iran Vice Governor Akbar Komijani underscored the banking system’s contribution to the implementation of a national policy to promote domestic production by providing substantial…

Iran’s banking relations with the international community, excluding the US, will continue as usual following the United States’ May 8 withdrawal from the Joint Comprehensive Plan of Action (the…