Economy

Iran and Pakistan have agreed to expand bilateral scientific ties.

The agreement was reached during a meeting between Pakistani Minister for Science and Technology Rana Tanveer Hussain…

Targeting Iranian stock traders and investors, the local startup ‘Raahkar’ (meaning solution in Persian) has started offering online market services.

The services are accessible through…

Alphabet Inc.’s Google and Tencent Holdings Ltd. have agreed to share patents covering a range of products and technologies, marking an alliance between two of the world’s largest corporations…

The US dollar made new gains against the rial on Wednesday, but stopped short of crossing another psychological barrier. The rial was quoted at 44,400 to the dollar in Tehran’s open market,…

With the next plenary meeting of the intergovernmental Financial Action Task Force in sight, which will also rule on Iran’s cooperation with the anti-money laundering body, the country could…

Bank Maskan, as the country’s only specialized lender in the housing sector, will be supported by the Iranian government, particularly the Ministry of Roads and Urban Development and the…

The services sector has received the biggest share of all bank credits allocated in the first nine months of the current fiscal year to Dec. 21, the latest data published by the Central Bank of…

Getting a share of foreign credit lines is easier for private-sector companies as, unlike state projects, they do not require a license from the Economy Council, said the Central Bank of Iran’s…

Iran Airports Company registered 38,343 takeoffs and landings in the Iranian month ending Dec. 22, which shows a 13% rise compared with last year’s corresponding period.

Close to 4.8…

The export price index for the ninth month of the Iranian calendar (Nov. 22-Dec. 21) stood at 285.9, registering a 3.4% increase compared to the preceding month and a 12.1% rise compared with…

To cover its widening budget deficit of 395.4 trillion rials ($8.98 billion) in the first eight months of the current fiscal year (March 21-Nov. 21), the government had to issue 106% more bonds…

Tehran Stock Exchange’s main index gained 326.63 points or 0.33% to end Wednesday trade at 98,923.5.

About 1.2 billion shares valued at $71.02 million changed hands at TSE for the day.…

Iran exported about $18.8 billion worth of industrial products in the seven months to Oct. 22, 2017, registering a 3.3% increase compared with the previous year’s corresponding period.

Turkey’s Customs and Trade Minister Bulent Tufenkci said Ankara will accelerate efforts to facilitate transit through Iran, especially to increase trade with Qatar.

Iran Chamber of Guilds has made it mandatory for its members to issue paper receipts for all wholesale or retail purchases as well as imported items. The announcement was made by the head of…

According to a report by Majlis Research Center, the research arm of the parliament, the government and public companies ran up a total of 6,250 trillion rials ($142.04 billion) in liabilities…

Iran Chamber of Commerce, Industries, Mines and Agriculture, in cooperation with the Thai Embassy in Tehran, plans to send a business delegation to Thailand in February.

Iran’s Ariana Tunnel Dam Company has signed a contract to build a border bridge in the Armenian town of Bagratashen, connecting the country to Georgia.

The contract was signed on Monday…

Ford Motor Co’s plan to double its electrified vehicle spending is part of an investment tsunami in batteries and electric cars by global automakers that now totals $90 billion and is still…

SAIPA started presales of its latest hatchback model Quick on Tuesday.

The presales were to start last November, but at the time SAIPA boss Qasem Jahroudi said, “The presales are being…

As per a ruling issued by the Ministry of Industries, motorbike safety and quality standards have been upgraded and eight new standards have been added to the existing 17. All Iranian firms…

Iranian iron ore miners experienced a good year in 2017, as they became the sixth largest supplier of the material to China by shipping about 22 million tons to the world’s largest importer of…

Iran exported more than $3.03 billion worth of goods to South Korea during the nine months to Dec. 21, 2017, registering a 36% and 30% growth respectively compared with the corresponding period…

Iran’s semi-finished steel exports during the first nine months of the current fiscal year (March 21-Dec. 21) stood at 4.61 million tons, marking a rise of 80% year-on-year, the Iranian Steel…

The Majlis Joint Commission has allowed the government to gradually remove 33 million people from the list of cash subsidy recipients in the next fiscal (March 2017-18).

A lawmaker said…