Economy

Mineral explorations carried out by Iran Minerals Production and Supply Company during the last Iranian year (ended March 20) led to the discovery of more than 150 million tons of iron ore and 200…

The Ministry of Economic Affairs and Finance has backed off from its decision to sell the two major state-owned football clubs, Persepolis and Esteqlal, through auction.

Iran is home to one million carpet weavers, 700,000 of whom are career weavers, according to the caretaker of Iran National Carpet Center, Hamid Kargar. “Our country sees the making of three…

In a meeting with the Armenian Ambassador to Iran Artashes Tumanyan, Minister of Economic Affairs and Finance Ali Tayyebnia called for expanding economic cooperation between the two countries.

Afghanistan’s second vice president Mahmoud Saikal visited developmental projects in Chabahar Free Trade and Industrial Zone in the southern Sistan-Baluchestan Province on Wednesday. He was…

The government plans to implement the “Farming Beyond Borders Project” for cultivating water-intensive crops, according to vice president for executive affairs, Mohammad Shariatmadari.

“As…

Imports from Turkey indicate a general decline during the first five months of 2015, according to Secretary-General of Iran-Turkey Chamber of Commerce Seyyed Jalal Ebrahimi. As ISNA reported, the…

Scientists at the National Research Center of Saline Water Aquatics in Yazd Province have managed to harvest farmed caviar in the heart of desert in Bafq County, IRNA reported. The research center…

Rice imports show a teetering trend oscillating between 1.1 and 2 million tons over the past four years (2011-15), according to Iran Rice Importers Association. Since domestic rice production…

Owners of more than 10 SIM cards have been given an ultimatum to submit their personal details by Sunday.

The legal limit on the number of SIM cards that can be owned by one individual…

Researchers at Pardis Technology Park, east of Tehran, have created an Atomic Force Microscopy device that captures and saves 2,000 images of a process in only two seconds. The ultra high-speed…

Gross domestic product in the last Iranian year (ended March 20, 2015) reached 2,031 trillion rials ($70 billion at official exchange rate) at prices using the Iranian year 1383 (March 2004-05) as…

In a green trading day at Iran Fara Bourse, more than 104 million securities changed hands valued at close to $30.3 million, IFB reported on Wednesday.

The benchmark IFX gained 9.19 points…

For the first time, Iran Mercantile Exchange featured copper cathodes on its export trading floor in Wednesday trading.

Iran has developed the technology to produce steel rebar coil-winding machine, enabling it to save millions of dollars previously spent on importing the equipment. The coil processing machine for…

Deputy minister of industries, mines and trade, Mohsen Salehinia, says the industrial and mineral sectors received 45% more incentives in the last Iranian year (ended March 20, 2015) compared to…

Stocks staged a broad rally on Wednesday with nearly 73 percent of listed companies outperforming to help TEDPIX soar 1.6 percent to recoup part of the massive losses it had accumulated since…

Sponge iron production units in three out of seven major steel plants, known as Provincial Steel Projects, are expected to become operational by the end of the current Iranian year on March 19,…

A trade conference between Iran and Russia will be held in Moscow on June 25, the Russian Oil and Gas News Agency reported on Tuesday.

The bill to establish Sistan Free Trade Zone in Sistan-Baluchestan Province has been ratified by the working group of the High Council of Iran Free Trade-Industrial Zone, said Seyyed Mohammad…

In a meeting with Russia’s trade envoy in Iran, the caretaker of Iran National Carpet Center called for the removal of obstacles in the way of exporting Persian carpets to the neighboring…

Although the western sanctions imposed against Iran over its nuclear energy program have adversely affected the economy, internal obstacles are to blame for the larger part of economic stagnation…

Managing director of Chabahar Free Trade-Industrial Zone, Hamed Ali Mobaraki, on Tuesday encouraged Emirati investments in the FTZ.

Referring to time-honored ties between Iran and the…

The government will allocate 600 billion rials (more than $20 million at official exchange rate) for sampling and supervising the quality of domestically-produced commodities in the market, said…

Sterling rallied to a one-month high after upbeat UK data on Wednesday. The British currency rose 0.65% to 51,430 rials by 1142 GMT in Tehran, as British jobs data beat expectations leading to the…