Economy

The Oil Ministry has approved a proposal by the Industrial and Commercial Bank of China for financing the development of Mehran Petrochemical Complex in Ilam Province, said a local official hoping…

They may not be dead, but the Airbus and Boeing commercial aircraft deals struck this year with Iran likely will remain unresolved orders well into 2017 now that US lawmakers have fired their…

The 20th Asia-Pacific Central Securities Depository Group’s General Meeting dubbed ACG20 opened in Tehran on Tuesday. Organized by the Central Securities Depository of Iran, the event was attended…

The 16th Asia-Pacific Regional Meeting of the International Labor Organization opened in Bali, Indonesia, on Tuesday.

Leading the Iranian delegation, Minister of Cooperatives, Labor and…

It’s difficult to wake up to reality from a good dream, if you have a choice. Especially if you know you will wake up to find yourself wrapped in rags in a street corner.

Tehran Stock Exchange’s main index gained 749.30 points or 0.94% to end Tuesday trade at 80,830.5.

More than 1.2 billion shares valued at $87.2 million changed hands for the day.

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Tehran is hosting the 10th International Flour and Bakery Industry Exhibition, otherwise known as IBEX 2016, in which representatives from nearly 200 Iranian and 60 foreign companies are…

Governor of the Central Bank of Iran has underlined the role of petrochemical companies in balancing the foreign exchange market, urging them to maximize discipline and efforts to better stabilize…

Bank Melli Iran has paid 18.5 trillion rials ($576 million at market exchange rate) to 2,114 small- and medium-sized enterprises since April, in line with the government’s plans to revive…

Iran’s Health Minister Seyyed Hassan Qazizadeh Hashemi has underscored the country’s huge progress in producing drugs and medical equipment, and its preparedness to export medicine to the Middle…

Armenia’s export of lamb to Iran increased significantly over the past two months, the press service of Armenian Ministry of Agriculture said. As of December 2, 2016, lamb export to Iran amounted…

Servcorp, an Australia-based multinational organization that sells serviced office space, virtual office products and IT services, officially inaugurated its first branch in the Iranian capital…

Iran’s state-owned shipping company IRISL is in advanced talks with South Korean shipyard Hyundai Heavy Industries Co. for a $650 million order of container ships and tankers, people involved in…

Around 28 million tons of non-oil goods worth $8 billion were exported from Hormozgan during the eight months to November 20, says Alireza Dashtani, an official with the southern Iranian province’…

Amazon.com on December 5 said that it will open a bricks-and-mortar grocery store called Amazon Go, an ambitious bid by the once-online-only retailer to gobble up more of Americans’ shopping…

Facebook, Microsoft, Twitter, and YouTube are joining forces to quickly identify terrorist groups online, in a sign that the social media sites have been used by groups like Da’esh to plan…

Russia’s deputy minister of communications and mass media, Rashid Ismailov, discussed in Tehran prospects to promote collaboration in science and technology. 

Ismailov exchanged views…

The extreme cold that set in a fortnight ago across the country caused 9.4 trillion rials (over $240 million at market exchange rate) in damages to orchards in Mazandaran, according to governor of…

The Central Bank of Iran should take quick measures for regulating fintech firms to prevent potential problems in future, said the director of IT Center of Export Development Bank of Iran, noting…

The use of real-estate applications are growing in Iran and realtors, unlike users, are not happy with the impact of the technology on their income.  

Turkish President Recep Tayyip Erdogan said his country is moving toward allowing trade with Iran, Russia and China in local currencies, as he continues his efforts to strengthen the falling lira…

The past two weeks saw the US dollar surge to a historic high in Tehran’s market, unleashing the usual panic emblematic of all currency upheavals elsewhere.

The occasion was reminiscent of…

Central Bank of Iran and Shaparak Company, Iran’s payment network supervisor, have required all payment service provider companies to use the newly-launched “Peyvand system” instead of the low-…

Mobarakeh Steel Company produced 3.74 million tons of crude steel during the eight months to November 21, registering a 7% rise compared with last year’s corresponding period, the company’s public…

Iran’s Mines and Mining Industries Development and Renovation Organization is looking to build on last year’s successful conference with a second event. 

Last year’s conference in…