Economy

The Central Bank of Iran has prohibited banks and credit institutions from depositing money into accounts of other lenders or financial institutions outside the interbank market.

Iran’s first iron ore beneficiation plant will become operational by the end of September, says managing director of Jalalabad Iron Ore Complex. The plant, with an annual production capacity of…

Over 400 million tons of iron ore, 500 million tons of coal and 90 tons of gold deposits have been discovered since the government of President Hassan Rouhani took office in 2013.

Tehran Stock Exchange’s main index wiped 250.20 points or 0.34% to close Wednesday trade at 73,940.3.

More than 1.4 billion shares valued at $77.1 million were traded for the day.

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Iranian chromite miners are going through a tough time. High extraction costs, depressed domestic demand and global prices as well as unrestrained imports of the mineral have brought many of the…

Iran is home to the Middle East’s largest fire clay mines with refractory minerals unmatched in quality worldwide.

The country’s fire clay production sector, however, has so far been unable…

Iran exported 13,000 tons of chicken eggs during the first three months of the current Iranian year (March 20-June 20), which indicates a 46% drop compared to last year’s corresponding period, the…

More than 7,000 tons of olive oil are smuggled into Iran every year, according to the National Olive Council.

Iranian ports handled more than 36.6 million tons of freight during the first three months of the current Iranian year (March 20-June 20, 2016), which indicates a 15.1% increase compared with the…

Shanghai Cooperation Organization once again refused to initiate Iran’s accession in a summit held in the Uzbek capital Tashkent last week.

Iran applied for full membership in SCO in 2008,…

Iran finds neighboring Iraq its closest ally in the Arab world as well as a big market for its domestically produced goods, including fresh milk and antibiotics.

Once bitter enemies, non-…

Iran and Russia are scheduled to jointly hold a trade exhibition in Yerevan Expo Center in Armenia on October 26-28.

Following an internal review, the Chinese-derived SAIPA's Ario sedan has been announced as the new entrant to join the capital's taxi fleet.

Iran Khodro’s CEO Hashem Yekezare in a follow-up announcement concerning IKCO’s plans to team up with Japanese automaker Suzuki said that in addition to Swift, Celerio and Ciaz, another model,…

Toyota is recalling 1.43 million vehicles globally for defective airbags, although it is not part of the massive recalls of Takata airbags, the Japanese automaker said on Wednesday.

Toyota…

Azim Khodro brokerage group, renowned in Iran for its national auto sales network, has purchased a 70% share of Zagros Khodro, as part of a deal to revive the southern-based auto producer's…

The Majlis Research Center says in a new report that the housing sector is not capable of acting as a driving force for the economy, saying that the apparent weakening purchasing power and large…

A senior member of the Central Bank of Iran’s Fiqh Council says the disclosure of deposits’ performance as part of the new financial statements by banks is not only an advantage but a necessity…

German and Austrian banks have opened $1 million -10 million in credit lines for Iranian business, said Asadollah Asgaroladi, a board member of the Iran Chamber of Commerce, Industries, Mining and…

Sarmad Insurance Company, affiliated to Bank Saderat Iran, has joined the Federation of Afro-Asian Insurers and Reinsurers (F.A.I.R.),  the company  website reported on Tuesday.

Tehran Stock Exchange’s benchmark index gained 447 points or 0.61% on Tuesday to end at 74,190.5.

More than 1.1 billion shares valued at $71.1 million changed hands for the day.

Yazd…

The International Exhibition of Stones, Mining, Machinery and Related Industries will be held in Tehran’s International Fairground on July 18-31.

Domestic demand for fixed income securities is rising. An agreement between banks to lower their borrowing rates has boosted demand for bonds even more, due to their higher rates compared to bank…

As western planemakers seek to finalize lucrative deals to sell some 200 jets to Iran, doubts are growing over the sale of a dozen Airbus A380 superjumbo jets to the country's national flag…

The Agricultural Jihad Ministry has bought 5.22 million tons of wheat worth 64,400 billion rials ($1.84 billion at market exchange rate) from local farmers so far in the current Iranian year (…