Economy

As per predictions made by the International Monetary Fund, the inflation rate in Iran will drop to 7.2% in 2017 from 7.4% in the current year. The forecast comes amid fears of an inflation…

Sarcheshmeh and Miduk copper complexes produced 95,472 tons of copper cathodes in the first half of the current fiscal year (started March 20), registering a 1.7% rise in production volume…

Equity markets remained almost unaffected by the news of the United States easing financial restrictions on Iran, as trading was minimal while the country heads into holidays commemorating the…

Iran’s seven major steel plants, namely Esfahan, Hormozgan, Iran Alloy Steel, Khorasan, Khuzestan, Mobarakeh and Oxin, exported more than 2.6 million tons of steel and steel products worth over $…

India’s Tata Steel Company has a good chance of ramping up exports of its new product, granulated pig iron, under the trademark Ferroshots. Although the producer has entered the segment fairly…

When it comes to oriental rugs, Tamin Wahdat can fully meet his customers’ demands. His business, based in Hamburg’s warehouse district, deals with rugs from India, Pakistan and Iran.

Among…

An official with the Agricultural Jihad Organization of Kohgilouyeh-Boyerahmad Province says a trade delegation from Russia will visit the province in the coming days to discuss the import of rose…

More than 39.2 million tons of oil and non-oil goods were loaded and unloaded in Shahid Rajaie Port in southern Iran during the first half of the current Iranian year (started March 20). This…

Despite the rising value of hard currencies in Iran, steel traders were unable to raise prices last week.

Local buyers halted all purchasing activity, as they expect prices to fall in the…

An Iran-Thailand Business Forum was held in Bangkok on Saturday. Minister of Industries, Mining and Trade Mohammad Reza Nematzadeh, the head of Iran’s Cultural Heritage, Handicrafts and…

Google’s new “Pixel” smartphone is off to a fast marketing start with $3.2 million in television ads in two days since it announced the upcoming launch.

Ad executives expect Google to spend…

A Microsoft event is scheduled for October 26 in New York City, with the Internet abuzz about what the product to be released could be.

US-based AT&T Wireless has reportedly signed a deal with Iran’s third operator RighTel to offer roaming services to Americans visiting Iran, according to a report from Tehran.

The New…

In the wake of new opportunities and positive developments between Iran and Malaysia, the governor of the Central Bank of Iran has called for expansion of joint banking measures by the two Muslim…

The Central Bank of Iran is working on a plan to raise the daily withdrawal limit at ATM devices, from 2 million rials (55$) to 4-5 million rials ($ 112-138), said the head of CBI’s IT department…

Iranian insurance firms paid policyholders 60 trillion rials ($1.9 billion) in claims during the five-months to August 20, a 31.2% increase compared to the same period last year.

Data from…

The minister of economy has called for greater momentum in economic and banking ties between Tehran and Ankara.

The United States is further easing sanctions on Iran, making it easier for foreign firms to do business with the country following last year's nuclear deal.

Heading a large trade delegation, Germany’s Vice Chancellor and Minister for Economic Affairs and Energy Sigmar Gabriel recently paid a two-day visit to Tehran, hoping to give a timely boost to…

Deputy Agriculture Minister Ali Akbar Mehrfard said trade deficit in the agriculture sector has narrowed by $220 million to stand at $1.5 billion in the first half of the current Iranian year (…

According to the latest figures released by the Statistical Center of Iran, the unemployment rate in the first quarter of the current Iranian year (started March 20) showed a 1.4% increase…

Over 1.65 million tons of goods worth $452.9 million were exported from Kermanshah Province in the first half of the current Iranian year (March 20-September 21), indicating a 3% rise in value…

Iran exported $58.5 million worth of commodities to the United States from January to August. The Islamic Republic had no exports to the US during last year’s corresponding period, the US Census…

Iran’s major mining companies manufactured more than 15.1 million tons of iron ore concentrate in the first half of the current fiscal year (started March 20). The Iranian Mines and Mining…

The Iranian government is paying as much, if not more than private companies, in bond markets to borrow money. While this goes contrary to the norm, it is a demonstration of the universal rules…