Economy

This week was awash with reports on interest rates being lowered by private banks. But unlike in the past, it seems the Money and Credit Council–the powerful monetary authority – has decided to…

Members of the Eurasian Economic Union will hold expert-level talks on creating a free trade zone with Iran at the end of June, Russia’s first deputy economic development minister said. “The talks…

Iran and Russia surveyed ways of accelerating bilateral economic cooperation in a meeting on Thursday focused on Iran’s return to the global economy following the lifting of western sanctions.…

Iran exported 12,590 tons of pistachios worth $119.23 million during the first two months of the current Iranian year (March 20-May 20, 2016), the Islamic Republic of Iran Customs Administration…

Turkey aims to triple trade with Iran to $30 billion as quickly as possible after the lifting of economic sanctions made banking transactions with the country easier, Turkish Customs and Trade…

China’s National People’s Congress Secretary-General Wang Zhan said his country is eager to cooperate in developing the third phase of Pardis Technology Park.

Speaking during a visit to…

Chinese e-commerce giant Alibaba Group Holding Ltd. is aiming to double its annual transactions to over $1 trillion within four years, the firm’s chief executive said on Wednesday. “What I can…

LG has launched a new range of smartphones in its X series, with all four of them being aimed squarely at the midrange market.

The devices called the X Power, X Mach, X Style and X Max will…

Swedish mobile telecom gear maker Ericsson is being investigated by US authorities over possible corruption related to its business in China.

The ground-breaking detection of gravitational waves, ripples in space and time postulated by Albert Einstein 100 years ago, which was announced in February, was no fluke.

Scientists said…

Iran plans to set up a financial center in the Qeshm Free Zone as it seeks to attract overseas financial institutions to the market of 80 million people.

Bank Pasargad has been named the most “efficient” bank for the fifth consecutive year. Established in 2005 as part of the government’s privatization of the banking system, it received the seventh…

Iran is gradually restoring banking links with the rest of the world by forging ties with smaller foreign institutions, even though large global banks are still holding back because of legal risks…

A memorandum of understanding on electronic trade and joint investments in hypermarkets and small chain stores was signed between South Korea’s largest retailer Emart and Iran’s Refah Chain Stores…

The Organization of Targeted Subsidies' request from the Securities and Exchange Organization to release information about ownership of financial securities and personal details of investors has…

Silver is found in its natural form as an alloy with gold and other metals, and in ores containing sulfur, arsenic, antimony or chlorine.

The principal sources of silver…

Esfahan Steel Company will start rail production by June 21, ESCO’s public relations director said on Wednesday.

“With a production capacity of 400,000 tons per year, ESCO is capable of…

Some 2,000 tons of garlic are produced every year in Teymourlou, which is known as Iran’s garlic production hub, located in Gugan District, East Azarbaijan Province, according to the head of…

Iran has an unusual strain of command economy, an eminent Iranian economist said.

Mousa Ghaninejad made the statement in an opinion piece, published in the website of Tehran Chamber of…

Turkmenistan will host Iran’s third exclusive trade exhibition titled “Iran Project 2016”, which will be held in the capital Ashgabat on August 18-20.

About 168,000 tons of agricultural products (3.2% of Iran’s overall agro exports) worth $175 million were exported from Alborz in the last Iranian year (March 2015-16), according to the province’s…

According to the Islamic Republic of Iran Customs Administration, Iran exported dates worth $44.15 million to Afghanistan, the UK, India, Turkey, the UAE, Malaysia, Azerbaijan and Russia in the…

The World Association for Waterborne Transport Infrastructure (PIANC) said Iran will host the 10th International Conference of Coastal and Port Engineering in Developing Countries, otherwise known…

Iran Khodro Diesel, a heavy goods vehicle producer and subsidiary of Iran’s largest carmaker Iran Khodro Company, and Oghab Afshan, a producer of Scania branded buses in the Islamic Republic…

Setting up an industrial park in Arg-e Bam to produce auto parts could play an important role in the development of the auto manufacturing industry and boost business relations between Iran and…