Economy

Iran Fara Bourse’s main index IFX notched down 4.33 points or 0.56% to close at 787.45 on Sunday. As IFB reported, more than 85 million securities traded at IFB, valued at more than $385 million…

The comprehensive deal on the Iranian nuclear issue was made only a fortnight ago, yet western companies, excited by Iran’s rich oil reserves and enormous market, cannot wait to return to the…

A bustling day at Iran Mercantile Exchange saw the offering of various commodities on the oil and petrochemical trading floor on Sunday.

The majority of stocks kept retreating on Sunday, weighing on Tehran Stock Exchange’s benchmark to slip 59.13 points or 0.09% to 66,977.2. TEDPIX recorded its sixth consecutive trading day in red…

Foreign currencies rallied against the rial on Sunday as the uncertainty surrounding sanctions relief following the nuclear deal between Iran and P5+1—US, Britain, France, Russia, China and…

International credit rating agency Capital Intelligence improved its outlook for Iran and its currency, the rial, on Sunday, reflecting the improving prospects of Iran after agreeing to limit its…

Western and Middle East insurance specialists see Iran as an appealing $8 billion market in the wake of its nuclear deal with world powers.

Governor of the Central Bank of Iran Valiollah Seif has urged bankers to restrain themselves from indulging in “illusory competition” when engaging in international transactions in the post-…

Austrian President Heinz Fischer is scheduled to visit Iran on September 7-9. According to Mehr News Agency the visit is aimed at promoting trade and sustainable economic ties between Tehran and…

The government will not be able to invest in transportation infrastructure in ten years’ time, says the Minister of Roads and Urban Development.

“In the best-case scenario, the revenues…

Poland’s Deputy Prime Minister and Economy Minister Janusz Piechociński is to visit Tehran in September along with a group of businesspeople, as part of Poland’s efforts to tap into the lucrative…

An increase in domestic fruit supplies has led to a significant drop in fruit smuggling, says the head of Fruit and Vegetable Sellers Union. “Fruit prices have dropped considerably.

In a meeting between director of Asia and Pacific Department at Iran’s Chamber of Commerce, Industries, Mines and Agriculture Aliasghar Farshchi and representatives of Japan’s External Trade…

About 235,500 tons of rice worth $242.9 million were imported from Pakistan, the United Arab Emirates, Thailand, Turkmenistan and India in the first quarter of the current Iranian year (March 21-…

The Sixth International Conference on Nanostructures, which will be hosted by Kish Island, is calling for submission of abstracts.

Designing, manufacturing and launching a domestic telecommunications satellite is the most important item on the Iranian Space Research Center's agenda in the sixth five-year economic development…

Toshiba's billion-dollar accounting scandal has shone a light on corporate culture in Japan still beset by collusion in its senior ranks, unquestioning employees and poor external controls,…

T he US dollar rallied after two days of decline against the rial, as investors sold their shares to buy dollars as a row between Iran and the United States sent investors running for safety.

Hossein Abdoh Tabrizi, head of Financial and Economic Research Institute of Transport and Housing, has called for establishment of a fund to help finance construction of highways and freeways.…

As sanctions on Iran are to be lifted later this year, US businesses could be the biggest losers in the rush to stake a claim in Iran—especially the banking sector, a report says.

Iran’s historic nuclear deal with the world powers will give Tehran access to its assets blocked for years in foreign banks due to financial sanctions imposed on the country over its nuclear…

About 11,200 tons of tea worth $52 million were imported in the first quarter of the current Iranian year (started march 21) mainly from India, Sri Lanka, China, the United Arab Emirates and…

According to data released by Iran Customs Administration, about 1.5 million tons of corn for livestock feed, worth $356 million was imported during the first quarter of the current Iranian year (…

Chips exports will increase by 20% in terms of value in the current Iranian year (started March 21) compared to the previous year following the lifting of sanctions imposed against Iran over its…

Agreements worth $100 million were signed between traders from Mazandaran Province and Kazakhstan’s Mangystau region to boost economic cooperation in trade, agriculture, technical and engineering…