Economy

Iran Privatization Organization is expected to generate some $546 million by transferring 120 government-owned companies to the private sector by the end of the current Iranian year on March 19,…

Following an extended downbeat performance by the capital market which has been lingering for more than a year and causing severe losses to both retail and institutional investors, President…

Deputy head of Geology and Mineral Explorations Organization, Behrouz Borna, believes an appropriate price setting for mineral products by the government or the stock market could help mitigate…

More than 80,000 tons of marble were extracted in the city of Khoy in West Azarbaijan Province in the first four months of the current Iranian year (started March 21), of which about 50,000 tons…

The prospect of Australia exporting live sheep to Iran finally getting off the ground was given a boost last week with Aussie Agriculture and Food Minister Ken Baston meeting with Iran’s…

Iran Fara Bourse’s benchmark retreated 3.17 points or 0.17% to close at 778.35 on Sunday. As IFB reported, about 101 million securities traded valued at around $12 million.

Iranian…

Tehran Stock Exchange’s overall index dropped on Sunday amid downbeat performance of 64% of listed companies, including companies with the highest market cap.

TEDPIX snapped a three-day…

Researchers have established a DNA database for workers doing hazardous jobs, the head of Iran’s Nour Research Center on Genetics, Mohammad Tavallaei, said. According to Tavallaei, a database…

An Iranian researcher has devised a new method by which polyester fabrics can be dyed more efficiently through “plasma surface activation”.

A US-based company has been fined $82,260 by the US’ Office of Foreign Assets Control for violating sanctions imposed on Iran.

In the latest OFAC release, Massachusetts-based Blue Robin,…

Farhad Nili, president of the Monetary and Banking Research Institute, has been appointed as the representative of the Central Bank of Iran to World Bank.

CBI's Governor Valiollah Seif…

The Central Bank of Iran urged all credit institutions and commercial banks in a new decree to allocate at least a quarter of their total resources to the agricultural sector, natural resources…

The government reiterated its vow to keep rial's value stable and prevent currency shocks to the Iranian economy recovering from deep recession.

"Henceforth foreign exchange volatility will…

All the tough talk and bluster which was considered to be the signature approach of the Central Bank of Iran under Valiollah Seif toward unlicensed financial institutions, now seems to be on its…

Iran has expressed interest to channel millions of dollars to Zimbabwean banks as lines of credit depending on the individual financial institution’s creditworthiness.

Abdolnasser Hemmati, head of the Coordination Council of Banks, said on Saturday that deposit rates, which decreased in April, will remain unchanged until authorities prepare for a second review…

Livestock smuggling to Turkey has increased following the rise in foreign exchange rates and the recent liberalization of meat exports, said the director general of the Central Union of Animal…

The first quarter of the current Iranian year (started March 21) saw the exports of 600 tons of honey worth more than $3 million to 16 countries, ISNA reported. The UAE and Turkey were the main…

More than 27 million tons of cargo (including both oil and non-oil products) were handled in the ports of Hormozgan Province during the first four months of the current Iranian year (March 21-July…

Qatar Airways has launched a business class in Boeing 777 flights from Doha to Tehran.

For the first time in 10 years, Tehran and Kiev are set to hold talks on economic cooperation at the level of an intergovernmental commission, said head of Ukraine’s Ministry of Energy and Coal…

Britain’s biggest trading rivals in Europe have wasted little time in gaining a head start in the race to win billions of pounds worth of business in Iran.

With the ink barely dry on…

Sari Gunay Gold Mine in the city of Qorveh in Kurdestan Province will be operational in two to three months, according to the Minister of Industries, Mining and Trade Mohammad Reza Nematzadeh.…

The nuclear deal between Iran and six world powers—the US, Britain, France, Russia, China and Germany—will help revive the traditional market of carpet and turn around its exports, says the…

Saturday trade at Iran Mercantile Exchange recorded the offering of 157,000 tons of commodities on both local and export trading floors.