Economy

Mouteh Gold Mine produced 92 kilograms of gold bullion during the first four months of the current Iranian year (March 20-July 20), which shows a 19% rise compared to the same period last year,…

Global production of potato is increasing and there is ample capacity for activity in the related processing industry. In Iran, 150,000 to 160,000 hectares are under potato cultivation, from which…

Iran is among countries the European Union has threatened to hit with tariffs to check their exports of hot-rolled flat iron and alloy and non-alloy steel products to the continent.

Other…

Tehran Stock Exchange’s main index lost 379.90 points or 0.48% to end Monday trade at 78,324.7.

More than 824 million shares valued at $51.9 million changed hands for the day.

Omid…

Over 16 million tons of cement are currently in warehouses due to low demand, according to deputy minister of industries, mining and trade Jafar Sargheyni, Mehr News Agency reported. The Iraqi…

A refrigerated container carrying 1,000 cartons of smuggled fruit weighing 15.78 tons was confiscated in the southern Hormozgan Province. Mehdi Rezaie, the director General of Shahid Bahonar…

The board of directors of Iran Chamber of Commerce, Industries, Mines and Agriculture named Mohsen Jalalpour Sunday as the honorary chairman of ICCIMA and said the new president of Iran’s private…

Iran and Afghanistan have reached a preliminary agreement to use Chabahar Port as a trade hub with customs procedures both pertaining to shipment costs and time of clearance. The agreement was…

More than 942,200 tons of non-oil goods valued at $474.7 million were exported to Japan during the first four months of the current Iranian year (March 20-July 21). Exports in the corresponding…

South Korea opened a business center on Monday to help local firms expand trade and investment in Iran as part of its efforts to tap deeper into the Middle East country following the lifting of…

The government has purchased 66,000 tons of colza from local farmers since the beginning of the harvest season in March, according to the head of Government Trading Corporation of Iran.

Lawmakers on Monday allowed the government to settle its debts to the banking system through Central Bank of Iran’s foreign exchange resources for one year as part of the amendment to the 2016-17…

The central banks of Iran and Azerbaijan on Sunday agreed to connect the two countries’ payment networks to ease money transactions for tourists and traders.

Life insurance accounted for 14.8% of industry’s premiums generated during the first quarter of the current fiscal year (started March 20), marking a growth of 2.9% compared with the same period…

The Banking Overhaul Plan–enacted by President Hassan Rouhani to transform the outdated banking system–consists of several aspects, including a focus on core banking and a unified data platform,…

With the easing of sanctions, foreign exchange services of Bank Melli Iran have experienced a significant rise, the bank announced. In the first three months of the current fiscal year ending June…

Saipa Yadak Company, the after-sales services subsidiary of Iran’s second largest carmaker SAIPA, has launched a new vehicle service application for mobile devices running on Android.

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A taskforce made up of four major governmental bodies has been assigned with the task of promulgate National Motor Vehicle Safety Standards.

According to a report by Mehr News Agency, the…

The German state of Lower Saxony, Volkswagen’s second-largest shareholder, has no plans to sue the carmaker for damages caused by its emissions-test cheating scandal, its prime minister, Stephan…

The northeastern city of Mashhad in Khorasan Razavi Province is hosting Iran’s 16th International Auto Exhibition.

Featuring national and international firms, the exhibition opened on…

Iran’s cars and spare parts exported in the first four months of the current Iranian year (started March 20) amounted to $74 million. According to Eghtesad Online, the country has exported…

Iranian banks have established corresponding relations with about 450 foreign banks since the lifting of the sanctions in January, said the vice president for executive affairs.

Iran is actively working over the balancing of steel production chain by expanding upstream segments to feed the future needs of the industry. Nevertheless, depending on the growth rate of steel…

More than 10 million tons of wheat worth about 128 trillion rials (more than $3.6 billion at current market exchange rates) have been purchased from local farmers by the government since the…

Tehran Stock Exchange’s main index gained 379.70 points or 0.48% to end Sunday trade at 78,704.6.

More than 1.2 billion shares valued at $87.7 million changed hands for the day.

Iran…