Economy

A memorandum of understanding was signed between Iran’s Agriculture Ministry and the International Center for Agricultural Research in Dry Areas (ICARDA) on Saturday. “Based on the MoU, rain-fed…

Tehran is hosting four international exhibitions this week.

Isfahan’s Chamber of Commerce, Industries, Mines and Agriculture and Ukraine’s Kherson Chamber of Commerce and Industry have agreed for firms in Isfahan active in agribusiness to lease 500…

Perpetuation of the fiction that engineering approaches are workable in social interactions, including economic interaction, must be consigned to history.

Tehran Stock Exchange's main index shed 420.90 points or 0.55% to end Saturday trade at 76,747.

More than 458 million shares valued at $58.7 million changed hands for the day.

Pars…

Iran exported more than 267,200 tons of non-oil goods worth $82.3 million to Egypt during the first four months of the current fiscal year (March 20-July 21), registering a 45% decline compared to…

Contraband worth 600 billion rials ($16.8 million) was confiscated during the first four months of the current Iranian year (March 20, June 20), an 80% rise compared to the same period last year,…

Steel prices in Iran dipped slightly over the past week, despite signs of a pick-up in construction activity.

The 3rd National Iranian Coal Congress ended in Semnan Province last week. The two-day event was organized with the aim of bringing together producers, industry researchers and academia to discuss…

Driverless minibuses will begin taking passengers in the eastern French city of Lyon at the European weekend in a yearlong experiment that officials are calling a “world first”. The two electric…

Ford Motors has shelved plans to produce a new compact car designed mainly for emerging markets like India and China, industry sources said, reflecting disappointing sales of mainstream models in…

Iran’s Ambassador to Pakistan Mehdi Honardoust and Chairman of the Pakistan Automotive Manufacturers Association Sohail Bashir Rana exchanged views on ways of expanding cooperation in the auto…

Majlis Speaker Ali Larijani asked bankers to set easier repayment terms for debtors and forgive fines for late loan repayment, especially for creditworthy customers.

Iran’s cement sector is far from its past glory. Low domestic demand due largely to the feeble construction sector and the loss of key export destinations such as Iraq have caused the industry to…

Expansion of Middle East fleets goes on apace as more self-sufficiency is sought to cover expanding crude, chemical and products exports. At a steady rate, high-specification newbuildings are…

Equities had a mixed week in Iran, as Tehran’s two exchanges diverged in direction while the rial further weakened in foreign exchange markets.

Non-oil exports to the Netherlands during the first four months of the current Iranian year (March 20-July 21) stood at 5,400 tons worth $11.6 million, which indicates a 21% decline in value…

State-run Shipping Corp. of India Ltd., struggling for respite from an industry downturn, plans to revive a 40-year-old joint venture with Islamic Republic of Iran Shipping Lines.

Reforming the process of issuing bank licenses is one of the measures that could help expand relations with international banks, the Central Bank of Iran’s director general for banking regulations…

The commercial banks of Russia and Iran have agreed to pay for bilateral supplies of products in national currencies, the Central Bank of Russia said in a statement on Friday.

Pakistani Commerce Minister Khurram Dastgir Khan has said the federal Cabinet would approve the memorandum of understanding regarding resumption of banking ties between Iran and Pakistan to…

A memorandum of understanding has been signed between the Tehran Chamber of Commerce, Industries, Mines and Agriculture, the Iran Technical and Vocational Training Organization and the Institute…

Implementation of connectivity projects was among the main issues discussed at a trilateral meeting between India, Iran and Afghanistan in Tehran on Wednesday.

The director-general level…

A new concrete runway is under construction in Ramsar International Airport and will cost  $4.2 million, IRNA reported. Ramsar is a tourist hub in the northern Mazandaran Province on the…

Almost 4,000 tons of cornelian cherries were produced in the 2,000 hectares of farmland around the country, says deputy agriculture minister Ali Tahmasebi.  Qazvin Province’s Alamut region…