Economy

Iran is seeking $50 billion in investment for its mining industries up to 2022 and has signed agreements with several European and Asian banks in the past few months, a deputy minister of…

India’s first consignment of wheat to be sent to Afghanistan arrived at Iran’s southeastern port of Chabahar on Wednesday morning.

Financing railroad projects through public-private partnership, foreign direct investment and leasing are among methods to set up ventures with foreign investors, a senior official with the…

Tehran Stock Exchange’s main index added 195 points or 0.22% to end Wednesday trade at 87,844.9.

TEDPIX is hovering near its 45-month high these days.

About 833 million shares…

Negotiations are underway between Iran and India over a deal to develop a major offshore gas deposit in the Persian Gulf, but the two sides are at odds over the price of Iran's natural gas,…

Norway's Offshore Resource Group signed a memorandum of understanding with Khazar Exploration and Production Company to the study the development of Sardar-e Jangal oil and gas field off Gilan…

Economic departments will be established in Iranian diplomatic missions within a couple of weeks, Mehr News Agency quoted Deputy Foreign Minister Morteza Sarmadi as saying. Back in July, Majlis…

Trade between Iran and Pakistan stands at $230 million a year, of which only $44 million account for Pakistan’s exports. This was announced by Mohammad Vali, the head of Iran-Pakistan Chamber of…

Iran’s non-oil foreign trade during the first seven months of the current fiscal year (started March 21) stood at $52.52 billion, indicating a 6.2% rise compared to last year’s corresponding…

Afghan Chief Executive Abdullah Abdullah said the operationalization of the Chabahar Port project is an important step toward the economic development of South and Central Asia and will boost…

All payments and transactions pertaining to people’s bank accounts dating back to the beginning of the previous fiscal year in March 2016 will be disclosed to the Iranian National Tax…

After Iran’s nuclear deal, the insurance industry’s international dealings have significantly increased, as Italian and German firms are keen on buying the shares of state-owned Iran Insurance…

Minister of Economic Affairs and Finance Masoud Karbasian said the recent move by Chinese banks to close Iranian nationals’ accounts is “unreasonable”, saying that Iran is seriously seeking an…

Tehran Stock Exchange’s main index gained 172.7 points or 0.2% to end Tuesday trade at 87,649.9.

The index is hovering near 45-month high these days.

About 1.1 billion shares…

This year’s Europort exhibition, which takes place at Rotterdam Ahoy from Nov. 7-10, will have a significant presence from Iran, one of the fastest growing markets in the maritime sector.

Iran didn’t need to take a cue from Saudi Arabia’s success with its Alcoa joint venture Ma’aden Aluminum smelter and downstream operations, as just about every Middle Eastern natural-gas…

More than $150 million worth of hand-woven carpets were exported from Iran during the first half of the current Iranian year (March 21-Sept. 22), registering a 13% rise compared with the…

The average Producer Price Index in the 12 months ending Oct. 22, which marks the end of the Iranian month of Mehr, increased by 8.9% compared with last year’s corresponding period, the latest…

A new ride-hailing app ‘Netax’ is offering services in the northwestern city of Orumiyeh, the capital of West Azarbaijan Province. The newcomer operates through Android and iOS applications and…

Chinese vendors have slashed the price of Apple’s iPhone8 by up to a fifth in a bid to lure customers amid sluggish demand ahead of the launch of the tech giant’s much-anticipated iPhone X on…

Samsung’s web browser is now available on all smartphones running Android 5.0 and above. In the same update, Samsung Internet is also getting a built-in ad-tracking blocker.

Efforts are underway to bring under control a deadly blaze that ripped through an oil well in the southern Khuzestan Province last week.

On Sunday, two workers were killed after fire…

In line with the goals of Sixth Five-Year Development Plan (2017-22), a $100 million capital increase in Investment Guarantee Fund for small- and medium-sized enterprises will be considered in…

The latest edition of Kish Invex expo, one of the most important events for the Iranian money and capital markets, opened on Monday on the southern coast of Kish Island. More than 250 local and…

Minister of Economic and Finance Affairs Masoud Karbasian announced that Iranian banks have about eight months to end their non-banking activities for which they have constantly come under fire…