Economy

A permanent exhibition of Iranian products, including foodstuff, apparel, shoes and handicrafts, opened in Moscow’s Food City, the main wholesale food center in Russia on Sunday. Some 50 Iranian…

Forty-two steel, iron ore, gold and copper mining projects will come on stream by the end of the first quarter of the next fiscal year (starting March 21, 2017), the head of Iranian Mines and…

Changing Iran's monetary unit from rial to toman and the subsequent replacement of all banknotes with the new currency present no cumbersome challenge, the Central Bank of Iran's governor said.

Central Insurance of Iran, the industry’s regulator, has proposed a 40% cut in premium rates for personal auto policies. Abdolnasser Hemmati, president of CII, announced that the regulator has…

The Iranian government will implement plans for the unification of foreign exchange rates when the market regains stability, the government’s spokesman announced late Saturday.

“Forex rates…

Bank Mellat, one of the leading privatized lenders in Iran, will launch a subsidiary and a branch in Malaysia and Georgia respectively in the next two months, announced the bank’s chief executive…

Close to half of all the assets of the Iranian banking system are non-performing and the governor of the Central Bank of Iran says his bank endeavors to recover these assets and return them to the…

Tehran Stock Exchange’s main index shed 324.60 points or 0.4% to end Sunday trade at 80,925.9.

More than 489 million shares valued at $38.9 million changed hands for the day.

Jam…

Despite rejections in the past, Iranian officials now confirm the domestic airlines’ intentions to buy Russian-made Sukhoi Superjet 100 passenger planes, about which the Iranian public is…

Iran is home to 113 million tons or 29% of the world’s barite reserves, according to the head of Mineral Explorations Department at Iranian Mines and Mining Industries Development and Renovation…

Iran exported more than 34 million tons of mineral products worth over $4.41 billion in the eight months to November 20, registering a 36% and 34% growth in weight and value respectively compared…

In President Hassan Rouhani’s budget for the next fiscal that was presented to the Majlis last week, science and technology are likely to get a boost, according to initial reports.

An Irish fashion e-commerce retailer, iClothing.com, has announced it will expand into the Iranian market, according to an interview with Dublin’s Business Post.

iClothing.com is an Irish-…

Iran’s third mobile network operator, RighTel, said Sunday it is launching an in-flight roaming service. The operator said the new service has been initiated in collaboration with OnAir; a Swiss…

More than 400 internet, science and technology firms will take part in the 22nd International Exhibition of Electronics, Computers and e-Commerce (Elecomp 22) to start from December 15 to 18 at…

The Iranian mining sector requires close to $50 billion in foreign investment, said the deputy minister of industries, mining and trade. Mehdi Karbasian made the statement on the sidelines of the…

Plans are underway to electrify a railroad connecting Tehran to the city of Tabriz in East Azarbaijan Province in northwestern Iran, the new CEO of Islamic Republic of Iran Railways said. “…

Iran is set to enter the export market of metallized products at last, owing to the launch of HBI production at Persian Gulf Saba Steel.

The company aims to start commissioning the DRI unit…

Iranian miners and the government are locked in a peculiar, strained relationship. 

Miners, most of whom belong to the private sector, hold that the government must act simply as a…

Mehrabad International Airport in western Tehran handles 400 flights every day, the head of Mehrabad airport said. Ali Rostami added that the airport is operating at full capacity, IRNA reported.…

First Vice President Es’haq Jahangiri said the services sector is the most important field of economic activity in Iran. Speaking in Iran Chamber of Guilds Forum on Saturday, Jahangiri added that…

Exports to Iraq through Mehran’s border terminal, located in the west of Ilam Province, amounted to about $1.56 billion during the eight months to November 21.

These indicate a 75% increase…

Iran and Italy signed a memorandum of understanding for cooperation over protection of intellectual property rights.

A 590-strong delegation from Russia arrives in Tehran today to take part in the 13th session of Iran-Russia Economic Commission on December 13, co-chaired by Iran’s Minister of Communications and…

Over 812,000 tons of goods worth $680 million were exported from East Azarbaijan Province during the eight months to November 20, registering a 9% increase in weight and a 2% decline in value…