Trade between Iran and Saudi Arabia is minimal, as commercial exchanges are carried out by intermediary countries, the deputy minister of industries, mining and trade and the head of Trade…
Economy
Economy
According to a recent report by the Statistical Center of Iran, the country’s industrial exports’ value saw a 10.66% decline in the second quarter of the current Iranian year (started March 21)…
Economy
The Ministry of Industries, Mining and Trade has decided to keep tariff rates on paper imports unchanged at 5% and allocate foreign currency at preferential exchange rates for its imports to…
Economy
A Bulgarian renewable power developer has signed a memorandum of understanding to expand solar photovoltaic infrastructure in Jahrom, a city and country in the central-southern Fars Province.
Economy
Local ICT company FANAP, affiliated to Bank Pasargad, has commercially launched its eWallet ‘Keypod’ in the eastern city of Mashhad.
The service was first launched in the northern Qazvin…
Economy
Facebook Inc’s Instagram said on Thursday it was testing a standalone messaging app called Direct, making it the company’s third chat tool alongside its hugely popular WhatsApp and Messenger.…
Economy
YouTube plans to introduce a paid music service in March, according to people familiar with the matter, a third attempt by parent company Alphabet Inc. to catch up with rivals Spotify and Apple…
Economy
Google says its AlphaGo Zero artificial intelligence program has triumphed at chess against world-leading specialist software within hours of teaching itself the game from scratch.
The…
Economy
Latest statistics on Iran-Turkey trade released by the Turkish Statistical Institute show the neighboring countries exchanged $9.1 billion worth of goods during the 10 months to Oct. 31,…
Economy
The Banker magazine, affiliated with the Financial Times Group, has selected Bank Pasargad Iran as the best Iranian bank for 2016.
As the publication reported on its website, the private…
Economy
The Iranian government has managed to boost home ownership through allocation of bigger home loans at lower interest rates, which have significantly improved the real-estate market.
Economy
The annual general meetings of two major state-owned banks, Bank Melli Iran and Bank Maskan, have been belatedly held and their balance sheets for the previous fiscal year to March 20, 2017,…
Economy
As part of the government’s plan for lenders to do away with excess assets and become more agile, more than 150 trillion rials ($3.5 billion) worth of bank properties have been sold during the…
Economy
Tehran Stock Exchange’s main index gained 155.59 points or 0.17% to end Tuesday trade at 91,092.2.
About 1.01 billion shares valued at $51.54 million changed hands for the day.
…
Economy
The Iranian government has decreased the import duties on different steel products with immediate effect, according to a recent official notice.
For semi-finished steel…
Economy
More than 6 million tons of oil and non-oil products were transited through Iran’s 32 land and water border crossings during the eight months to Nov. 21, registering a 21% increase compared with…
Economy
There is a never-ending competition for supplying raw steelmaking materials and this is at its fiercest in China as the world’s largest producer and consumer of iron ore. Iran, however, is…
Economy
HiWeb has returned to trading on Tehran Stock Exchange after a month-long period of having its ticker symbol frozen over its recent merger agreement. The 4-trillion-rial ($97.56 million) ISP…
Economy
A deputy road minister has called for cuts in auto import tariffs so that low- and middle-income families would be able to afford safer and better cars.
Economy
Spanish Secretary of State for Trade Maria Luisa Poncela said Madrid will guarantee all investments by that country's investors in Iran.
Economy
Iranian state-owned animal feed importer SLAL has agreed to purchase about 120,000 tons of soymeal through an international tender at the weekend, European traders said on Monday.
…
Economy
Chairman of Iran-Iraq Chamber of Commerce Yahya Al-e Es’haq has called on Iranian businesspeople to resume their activities in the Iraqi Kurdistan Region, noting that the security situation…
Economy
Pakistan and Iran have finalized the draft of the much-awaited Free Trade Agreement and the expeditious resolution of banking channel issues, official sources told Business Recorder.
Economy
India will start exporting container cargo to Russia via Iran and Azerbaijan from next month, as it moves forward to operationalize the International North-South Transport Corridor, India’s…
Economy
South Korea’s JJ Consulting Ltd will invest $500 million in the northern port of Noshahr as per a memorandum of understanding signed between the Asian company and the Ports and Maritime…
Economy
