More than 86,000 tons of fresh tea leaves worth over $40 million have been bought from farmers by the government in the current Iranian year (started March 21), indicating a 30% increase in value…
Economy
Production of high-quality machine-made carpets has risen significantly despite the recession afflicting the economy. By thoughtful planning, they can throw the economy a lifeline by boosting non-…
Governor of the Central Bank of Iran, Valiollah Seif, has defended the government’s recent stimulus package, saying his bank is cautious about any inflationary effects the policies could entail.…
The minister of roads and urban development elaborated on the status of the sluggish housing market, the ministry website reported.
“Up until now 12% of bank loans have been allocated to…
The High Council of Architecture and Urban Development is considering a plan to ban construction of high-rises on land smaller than 5,000 square meters, the deputy minister of roads and urban…
Exploration operations are underway in Sangan Mineral Zone, located in the northwestern Khorasan Razavi Province, says deputy head of Geological Survey of Iran, Behrouz Borna, adding that gold,…
A recent fall in demand for a wide range of commodities mostly related to the construction sector has caused a considerable rise in the inventories of companies listed in Tehran Stock Exchange.…
An investor holds his face in his hands while eying stock quotes on one of Tehran Stock Exchange’s information boards above the trading floor. Quote after quote prices are falling, more often than…
The National Iranian Copper Industries Company supplied 1,000 tons of copper cathode with the base price of $5.1 per kg, 1,000 tons of copper wires with the base price of $5.3 per kg, 20,000 tons…
Tehran Stock Exchange’s main index inched down 5.90 points or 0.01% at the Sunday’s close to settle at 62,942.7.
Researchers from RMIT University’s Center for Advanced Electronics and Sensors have come up with a breakthrough method that equips smartphones with special sensors to detect the amount of nitrogen…
Britain’s biggest-selling newspaper the Sun is to take down its online paywall, after the Rupert Murdoch-owned tabloid failed to win enough readers in the latest troubled digital experiment for a…
Los Angeles is home to the world’s largest collection of Hadean zircons—the oldest known material on Earth.
Hadean zircons are tiny but they contain a huge amount of information about the…
LinkedIn, the professional social network accessible in Iran, has denied reports that it is entering the local Internet sector. In response to Financial Tribune, the company’s PR department said…
The latest statistics released by the Central Bank of Iran reflects a semblance of stability in the key housing market despite a drop in the total number of housing deals.
Reinsurance, opening new branches, purchasing domestic insurers' shares and joint investments in the industry are among potential opportunities for cooperation with foreign firms, according to a…
The latest economic incentive package unveiled by the government has been in the headlines since it was announced with much fanfare two weeks ago. It is seen by many as a change of course by the…
Reentering the international banking industry demands that Iranian banks enhance their electronic services, as systematic innovations worldwide have been rewriting the agenda and nature of the top…
Iranian bankers discussed relations with a visiting Brazilian delegation on Saturday. The Export Development Bank of Iran hosted a meeting where participants held talks in three areas: “banking…
The first international seminar on “Offshore Projects” was held in the Dutch city of Hague on Oct. 7-8, according to Bank Mellat website. The event hosted by the Iranian Embassy in Holland in…
A 130-strong economic delegation from Germany’s Bavaria State headed by the state’s Minister of Economic Affairs and Media, Energy and Technology Ilse Aigner was due to arrive in Tehran on…
Minister of Industries, Mining and Trade Mohammad Reza Nematzadeh said on Saturday relevant directives will soon be issued to implement the recommendation of the Leader of Islamic Revolution…
Rail projects worth $25 billion have been offered to foreign investors, says the head of Iran Railway Company, Mohsen Pourseyyed Aqaei.
France’s Sephora plans to open several shops in Iran starting next year, becoming one of the first major European cosmetics retailers to directly invest in the country as it emerges from years of…
Close to 4.5 million tons of citrus fruits were produced in the current crop year, which is sufficient for domestic consumption, says Abolqasem Hassanpour, director general of Tropical and…
