Economy

Iran’s Sarmayeh bank has been selected as the “most innovative bank” at the Global Customer Exchange Conference 2015, the private bank’s public relations office reported on Tuesday. It won the…

Monetary authorities would do better to focus on developing the bond market that in turn will create the grounds wherein market forces bring down deposit rates, Parviz Aghili Kermani, a Tehran-…

The Central Bank of Iran has received 20 local requests for opening banks, a member of the Iran Chamber of Commerce, Industries and Mine’s board of representatives said.

“CBI has so far…

Tehran Stock Exchange’s main index extended its losing streak on Tuesday by shedding 74.80 points or 0.12% to settle at 62.720.9.

Over 546 million shares valued at more than $40.2 million…

The Global Marketing Conference opened at the International Conference Center of Shahid Beheshti University in Tehran on November 21.

Day two of the event, which brought together more than…

While many domestic industries are suffering from low investment and shortage of equipment and new technologies, some Iranian sectors host small private companies manufacturing products or…

Iran Mercantile Exchange’s oil and petrochemical trading board witnessed the supply of 43,657 tons of polymers, 37,100 tons of bitumen, 21,000 tons of vacuum bottoms, 5,000 tons of lube cut oil…

A meeting of Iran-Serbia Economic Commission will be held in December, Minister of industries, Mining and Trade Mohammad Reza Nematzadeh said in a meeting with Serbian National Assembly Speaker…

Russia-led Eurasian Economic Union will study the possibilities of creating a free trade zone with Iran, Russian President Vladimir Putin said on Monday. The EEU is an economic union of former…

French aquaculture firm Aqualande will invest €10 million in setting up a major trout farm in Lorestan Province. “Upon the establishment of the farm, 250 million trout eggs will be produced…

Some 5,000 tons of footwear valued at $27 million were exported from March 21 to October 22, according to Iran Customs Administration. The figures are almost the same as those of last year’s…

Thailand’s government has given priority to investment in small- and medium-sized enterprises and seeks cooperation with Iran in this regard, said the Southeast Asian country’s deputy commerce…

A development firm in Texas is putting a new spin on the concept of wearable technology. The company, Chaotic Moon Studios, based in the city of Austin is combining sensors with conductive paint,…

The Sixth International Aviation and Space Industries Exhibition is slated to open in the west of the Iranian capital on Wednesday. Amin Salari, the head of the Union of Aerospace Industries of…

After several leaks, Pepsi has officially introduced the Pepsi phone P1s, which will only sell in China.

It features a 5.5-inch (1080 x 1920 pixels) 2.5D curved glass display, is powered by…

Iranian researchers produced nanocapsules containing omega-3 oil at laboratorial scale in association with an Iranian enterprise active in the food industry.

According to Iran…

With a special focus on water resources and energy, the fourth Sharif Startup Trigger blasted off on Sunday.

According to a press release, the six-day event is being held at Sharif…

Despite recurrent droughts in recent years, Iranian pistachios have preserved their quality and taste, and are still the frontrunner in global markets.

Currently 200 apparel brands are marketed in the country, only 55 of which have been legally registered, the Guilds and Traders Center of Iran reported. Up to $2.5 billion worth of clothing are…

Only licensed retailers and wholesale distributors will have the permission to sell cigarettes as of December 22 and violators will be prosecuted, announced the Tobacco Planning and Supervision…

The southwestern Khuzestan Province has set the target of annually producing 25 million tons of agricultural products, according to the provincial Agricultural Jihad Organization. Khuzestan’s…

Moscow is hoping to strengthen its expanding relationship with Tehran by clinching industrial export deals worth more than $21 billion, as it prepares to send one of its biggest trade delegations…

The goods and services Consumer Price Index for urban areas increased 13.1% in the 12-month period ending November 21, which marks the end of the Iranian month of Aban, compared with last year’s…

Iran’s economy has undergone ‘repression’ in the previous decade, according to Hadi Ghavami, vice-chairman of the Parliaments’ Budget Commission.

Elaborating on the charge, he says “…

The government should intervene indirectly in the housing market by introducing structural reforms to pull the embattled sector out of the long and drawn out recession, the minister of roads and…