Economy

More than 210,000 tons of commodities of 40 suppliers were offered on Iran Mercantile Exchange’s trading floors on Tuesday, IME reported.

The 8th International Stones, Mines and Related Industries Exhibition will be held on October 11-14 in the city of Mahallat in Markazi Province, says the exhibition’s organizer Mohammad Hallajian…

Sri Lanka will once again commence exporting tea to Iran as of November, says Colombo Tea Trader’s Association Chairman Anselm Perera.

More than one million tons of dates will be produced this Iranian year (started March 21), said the general director of Tropical and Subtropical Fruits Department of Agricultural Jihad Ministry.…

Iran and Tajikistan have signed a memorandum on cooperation in the field of air transport, AKIpress reported. According to the agreement, the frequency of regular flights will be increased to 10…

Russia annually imports more than $35 billion worth of foodstuffs due to lacking infrastructure for domestic production, presenting a tremendous opportunity for Iran’s food industry to enter the…

Deputy Minister of Economic Affairs and Finance, Shapour Mohammadi says he expects Iran’s ranking in the World Bank’s ease of doing business index to improve in 2016.

Iran ranked 130th in…

Iran expects its economic growth to accelerate next year as the removal of sanctions under a nuclear agreement offsets a global slump in oil prices, a top aide to President Hassan Rouhani said.…

Iran's ICT Guild Organization has received the authorization to host the 21st International Exhibition of Electronics, Computer and E-Commerce.

According to Nasser Ali Sa'adat, head of IIG…

Iranian researchers at Tarbiat Modarres University have designed a nanocarrier that loads precise amounts of anti-cancer drugs and releases them in targeted cancer cells without using additional…

An Iranian university student has succeeded in producing biofuel using London rocket seeds.

Highly pollutant, fossil fuels are not sustainable sources of energy. This encouraged Mehdi Alami…

Although Iran's Chamber of Commerce, Industries, Mines and Agriculture was once governed by officials who would not allow the press anywhere near their premises, it is now led by a merchant who is…

Italy intends to become Iran’s first European partner and play a leading role in the new phase of relations between the two countries, said Cosimo Ferri, Italy's Undersecretary to Justice, in his…

Goods and services Consumer Price Index for urban areas increased 13.8% in the 12-month period ending August 22, which marks the end of the fifth month of the Iranian year Mordad, compared to the…

Foreign firms have invested about $1.7 billion in East Azerbaijan Province, says the director general of the Economic Affairs and Finance Office of East Azerbaijan Province. “The $1.2-billion…

About 1.5 tons of caviar will be produced this Iranian year (started March 21), said the head of Iran’s Fisheries Organization, adding that there are currently 50 active sturgeon farms across the…

To make furniture, Iran has to import wood from Georgia since the wood available in the country is of low quality, said a member of Tehran Carpenters and Sofa Manufacturers Union, adding that 80%…

The Ministry of Industries, Mining and Trade on Saturday announced that cement production stood at 20.8 million tons in the first four months of the current Iranian year (started March 21),…

Iran Fara Bourse’s overall index snapped its losing streak and notched up 0.22 point or 0.03% on Monday to close at 735.88. The IFX was mostly boosted by Marun Petrochemical Company’s performance…

The new chief of Iran Civil Aviation Organization, Ali Abedzadeh, says he will make every effort to liberalize air ticket prices as part of the Fifth Five-Year Development Plan (2011-16).

Unsettled investors kept shrugging off upbeat news, including the latest comments made by Britain’s Foreign Secretary Philip Hammond on possible collaboration between the two countries’ stock…

About 110,000 tons of iron ore at the base price of $20 per ton were offered by Jalalabad Iron Ore Complex on Iran Mercantile Exchange’s export trading floor on Monday to potential customers…

The Central Bank of Iran has approved a plan seeking to open a “free financial center” on Kish Island, IRNA reported on Monday, citing Ali Asghar Mounesan, managing director of Kish Free Trade…

As the debate on the revised tax laws requiring banks to disclose their account information to tax officials continues, officials are sparing no effort to assure the public that the media hype on…

Largely absent from the global finance scene during the sanctions era, Iranian banks and investment houses are beginning to take calls, schedule meetings and discuss partnerships with foreign…