Economy

Iran has $29 billion of mining investments attracting interest of companies from Europe to Asia, with plans to more than double steel production by 2025 and boost exports once international…

Golgohar Mining and Industrial Company filed 55,000 tons of iron ore with the base price of $37 per ton on Iran Mercantile Exchange’s export trading floor on Wednesday. The company also announced…

More than 450,000 tons of steel ingot were exported by Khuzestan Steel Company in the first four months of the current Iranian year (started March 21), indicating a 215% increase, said the…

Iran’s pharmaceutical industry has been one of the country’s most prosperous sectors over the past years. The sector, accounting for 3.18% of Tehran Stock Exchange’s overall value, is considered…

Tehran Stock Exchange saw fresh fluctuations trade on Wednesday with trade volume and value registering close to 40% and 62% retreat compared with Tuesday.

More than 364 million shares…

Findings of a new public opinion survey conducted on Monday showed that a majority of Iranians prefer German cars, if the country's automakers were to start joint ventures with foreign car-…

This year, the southeastern province of Kerman will be hosting Iran's biggest car race. The event will be held after summer once temperature in the south cools down, said Amin Baqeri, governor of…

Italy is interested in broadening cooperation with Iran's automotive manufacturing industry.

The statement was made by Italy's Economic Development Minister Federica Guidi in Tehran on…

Iran's banking sector will benefit from the relaxation in sanctions, but will remain in a state of near-crisis over the coming quarters, a report has forecast.

Economy Minister Ali Tayyebnia denied the government plays any part in the foreign exchange market on Wednesday.

“The government is not putting any pressure on the foreign exchange market…

The police are set to deal with unauthorized money exchangers in September.

According to Central Bank Governor Valiollah Seif, the district attorney is “pursuing unauthorized bureaux de…

The CEO of a public-sector bank has stricken back at the critics of the banking industry, saying that all lenders should not be “tarred by the same brush.” Abdolnasser Hemmati, CEO of Bank Melli--…

In a meeting with Azerbaijan’s Minister of Economic Development Shahin Mustafayev on Tuesday, President Hassan Rouhani said Iran’s neighbors, including Azerbaijan, have priority over other states…

The British Embassy and trade office in Iran will soon reopen, which will in turn help bilateral trade by $4 billion to $5 billion, said the head of Iranian joint chamber of commerce.

First Vice President Es’haq Jahangiri visited Golestan Province on Tuesday for the inauguration of a railroad linking the northern city of Gorgan with Incheh Borun on the border with…

Berlin-based Germania will launch premium-economy class flights on routes to Iran starting from September. The carrier operates services from Berlin Schoenefeld and Düsseldorf to Tehran, and from…

The establishment of an Iran-based joint chamber of commerce with US in the future is likely with regards to the fact that Americans have taken action to launch a joint chamber in Washington, says…

Plans are underway to triple non-oil exports in as many years, says Minister of Industries, Mining and Trade Mohammadreza Nematzadeh adding that Iran’s potential in exports is way more than the…

Iran produces high quality honey.  The flavor and color of Iran’s honey change from region to region, depending on the flora, climate, and nature of its terrain.

Forsat-e Emrooz daily…

Absence of international banks, insurances and lack of money transfer facility as a result of sanctions imposed by the US, EU and the UN Security Council over Tehran’s nuclear energy program have…

More than 1.16 million tons of iron ore worth $41.8 million were exported between June 22 and July 22, which marks the fourth Iranian month of Tir.

This indicates a 3.9% increase in terms…

Iran Mercantile Exchange played host to the trading of more than 1.69 million tons of various commodities worth more than $761 million in its spot market in July.

Irregular ups and downs at Tehran Stock Exchange are draining the equity market as more than 60% of listed companies pulled down the benchmark TEDPIX on Tuesday.

Both retail and…

Microsoft has bought a startup with a way of using game play to boost the sales teams' performance. Microsoft did not disclose terms of the deal in which it bought Incent Games, developer of…

Iranian researchers have produced the world’s third strategic metal using mining waste.

Iranian researchers at a Science Park in Markazi Province, central Iran, recovered slag from zinc…