Economy

Some 5.4 trillion rials ($187.3 million based on official currency exchange rate) have been allocated to the mining sector out of the mining royalties which will be received in the current Iranian…

More than 3.05 billion securities changed hands in 84,000 transactions at Iran Fara Bourse during the working week that ended May 27, valued at a total of $739.3 million to record an unprecedented…

The western Kurdistan Province accounts for 10 percent of Iran’s gold mine reserves, Mehr News Agency quoted head of Kurdistan’s Industry, Mine and Trade Organization, Mohammad Dare Vazami, as…

The shoe industry in Iran is one of the most neglected sectors of the economy, to the extent that official data about the sector are hard to come by.

An estimated 3,700 inactive manufacturing units will be revived by the end of the current Iranian year (started March 21), deputy minister of mine, industry and trade, Mojtaba Khosrwotaj, said on…

The Iranian Tobacco Company (ITC) plans to increase production by 66% to 15 billion cigarettes in the current Iranian year (started March 21), ISNA reported. The ITC produced more than 1.7 billion…

One-fifth of Iran’s small-sized enterprises is working at less than 50% capacity, director of Iran Small Industries and Industrial Parks Organization, Mehr News Agency quoted Mohammad Ali…

The National Iranian Productivity Organization released figures showing that labor productivity shrank by as much as 2.5 percent between the Iranian years 1390 and 1392 (March 2011 to March 2013…

Officials in Anzali Free Trade Zone have welcomed the idea of setting up the so-called “House of Switzerland” in the region, deputy head of Iran-Switzerland chamber of commerce, Reza Rafiei,…

China and Iran have opened a joint nano center in Suzhou Science Park in China, according to ISNA.

The center was inaugurated in a ceremony attended by the deputies of Iranian vice…

Google announced on Friday it will offer its mobile mapping application, Google Maps, completely offline, according to Engadget. Now if a user has no mobile signal, or their 3G signal continues to…

The 4th International Innovation and Technology Exhibition (INOTEX 2015) will be held on June 9-12, ISNA reported on Friday. More than 20 Iranian specialists along with international attendees…

The chief executive officer of Dana Insurance Company on Tuesday announced the insurer’s objectives for the fiscal year that started March 21, while reviewing the private firm’s achievements in…

After protests by shareholders in front of the Tehran Stock Exchange on Hafez Street and nasty comments about stock manipulation and insider trading in the social media, the government has stepped…

Minister of Economy Ali Tayebnia said on Tuesday that Iran has signed six anti-money laundering pacts with foreign nations to boost experience and knowledge-sharing between states.

Tayebnia…

The governor of the Central Bank of Iran has reacted to reports that his bank is deeply involved in the currency market, saying that the CBI only intends to help avoid shocks. “Fluctuations in the…

Price swings in Tehran Stock Exchange besides low trade volume and value were accompanied by further retreat of the benchmark on Wednesday trading, with most of the indices settling in red.

Close to 200,000 tons of granulated iron ore, with the base price of $15 per ton, were offered by Sangan Iron Ore Complex on Iran Mercantile Exchange's (IME) export trading floor on Wednesday, IME…

Breakfast cereals are many people's choice as the first meal of the day. It is eaten hot or cold, usually mixed with milk and sometimes yogurt or fruit. Apart from satisfying the…

According to the ministry of industry, mine and trade, Iran Alumina Company – as the sole producer of alumina in the country – plans to accelerate its exploration operations to discover new…

The prospect of Iran’s capital market liberalization and integration into global financial markets in the post-sanctions era was reviewed by Islamic finance  specialist, Hassan Daher in a…

A new private sector facility to produce oxidized bitumen was inaugurated by Minister of Cooperatives, Labor and Social Welfare, Ali Rabiei, in the southwestern city of Abadan which will increase…

The private sector invested an estimated 12 trillion rials (close to $428 million based on official exchange rate) for the development of the southern port of Shahid Rajaei Port during the past…

Close to $2.4 billion worth of various commodities were exported to Afghanistan during the past Iranian year (ended March 20), managing director of Export Guarantee Fund of Iran (EGFI), Taher Shah…

The 6th international conference on Heating, Ventilating and Air Conditioning ended in Tehran on Wednesday, IRNA reported. More than 500 participants, including experts, researchers, engineers and…