Economy

Denmark's major offshore explorer Maersk Oil is in a strong position to win a contract to produce ultra-light crude from Iran's South Pars gas field and its recent acquisition by France's Total…

The European Union has decided to set fixed duties for hot-rolled coil imported from Iran, as well as HRC from Brazil, Russia and Ukraine, after a complaint by EU manufacturers that the product…

The 17th International Industry Exhibition, also known as IINEX 2017, opened at Tehran’s International Permanent Fairgrounds on Friday.

Iran’s unemployment rate in the second quarter of the current fiscal year (June 22-Sept. 22) stood at 11.7%, registering a 1% drop compared with the same period of last year and a 0.9% decrease…

About 81,580 tons of different kinds of dates worth close to 2.7 billion (more than $82.82 million) were exported from Iran to 76 countries during the five months to August 22, based on figures…

It is estimated that some 5 million tons of citrus fruits will be produced in Iran during the current fiscal year that started March 21 to register a 7% increase compared with last year’s…

Iran Chamber of Commerce, Industries, Mines and Agriculture will host a joint forum between the businesspeople of Iran and Mexico on Oct. 15.

About 39,000 tons of seafood worth $121 million were exported from Iran during the five months to Aug. 22, according to the director general of Seafood Quality Improvement, Processing and…

The southern Vietnamese city of Can Tho expects to export its first batches of rice to Iran in the last quarter of 2017, deputy director of the city’s Department of Industry and Trade said.

An Iranian delegation headed by Agriculture Minister Mahmoud Hojjati visited Sommet de l’Elevage (livestock summit in French), Europe’s number one livestock show in France over the weekend.…

Google’s single-lensed Pixel2 and Pixel2 XL phones have shot straight to the top of DxOMark’s camera benchmark charts, beating the iPhone 8 Plus and the Galaxy Note 8, both of which feature dual…

China said on Thursday it has approved HP Inc’s $1.1 billion purchase of Samsung Electronics’ printer business with certain restrictions, citing concerns about the US firm’s dominance of the…

Georgia and Iran are set to hold a joint business-to-business forum on technological cooperation in Tbilisi on October 18-19.

The event is sponsored by Iran's Presidential Office for…

The third edition of Sharif University of Technology’s national programming competition ‘Code Cup’ opened on Friday. During the initial stage, programmers from across the country compete online…

For making Iranian financial institutions conform to international standards, Money and Credit Council–a top monetary decision-making body–has approved a directive that requires banks to…

The Export Guarantee Fund of Iran has signed an agreement to bolster banking and insurance cooperation with KUKE, its Polish counterpart.

Since complying with international standards and building strong infrastructures are prerequisites for opening a branch in another country, Sina Bank has managed to complete the first phase of…

Bank Melli Iran, owned by the government and the largest commercial bank in Iran, has invested more than 1 trillion rials ($25.6 million) in three knowledge-based startups, an official at the…

With the aim of expanding banking correspondent relations to support foreign trade, Bank Melli Iran has succeeded in establishing correspondent ties with Brazilian banks, the lender’s deputy for…

Tehran Stock Exchange’s main index gained 74.50 points or 0.09% to end Wednesday trade at 85,429.5.

About 601 million shares valued at $37.44 million changed hands for the day.

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Sometimes all it takes to retard a well-oiled machine is one loose cog. And for the Iranian steel industry, the increasingly limited supply of graphite electrode is the inconspicuous gear…

The Iranian capital market outperformed all its rival markets in terms of return on investment (ROI) during the first half of the current fiscal year (March 21-Sept. 22).

The parallel…

Morteza Lotfi has assumed the leadership of Iran’s largest holding, Social Security Investment Company. Lotfi, who earlier served as the company’s deputy head, is the former managing director of…

Following the Cabinet's approval on Wednesday, Farzaneh Sharafbafi officially took over as the chief executive of Iran Air, the country's flag carrier airline company, also known as Homa.

The outstanding debts owed to pharmaceutical companies by insurance firms have tipped this sector into recession, the chairman of Majlis Health Commission said.