Economy

Bank Mellat is planning to sell its 20% stake in Asia Insurance Company as part of plans to shed excess assets and streamline operations.

“Mellat Financial Group, as the handler of the…

The government will allocate 50 trillion rials ($1.19 billion) to bread subsidies and guaranteed wheat purchase scheme as per the budget bill for the next fiscal year (March 2018-19). The figure…

Some 420,000 tons of cucumber are annually produced in Yazd Province in central Iran, making up 23% of the country’s total cucumber production, the head of Kermanshah Agricultural Jihad…

Chairman of Iran-Russia Chamber of Commerce Asadollah Asgaroladi and President of Altai Chamber of Commerce and Industry Boris Chesnokov signed a memorandum of understanding in a meeting on…

The Second International Exhibition of Transportation, Road Construction, Road Maintenance and Related Industries, also known as Iran Trans Expo 2017, was officially opened by Minister of Roads…

About 700 trillion rials ($16.6 billion), in addition to investments by the private sector, have been earmarked to complete development project in Iran as per the budget bill of the next fiscal…

Iran’s National Business Environment Index came in lower in the second quarter of the current fiscal year (June 22-Sept. 22) compared with the previous quarter, according to the results of a…

The first gathering of Iranian and Iraqi trade and industrial players was held at Iran’s Embassy in Baghdad on Saturday.

Iran Space Research Center has developed a drone that can be used for postal delivery. The center unveiled the drone during the 18th Research, Technology Achievements and Techmart Exhibition…

The Telecoms Ministry is planning to equip the provinces with communication balloons to help provide coverage during natural disasters.

According to the ministry’s website, after…

Amazon has started selling Google’s Chromecast devices two years after it originally removed them from its store.

Amazon said it removed them to end customer confusion about which…

A popular technique used by website operators to observe the keystrokes, mouse movements and scrolling behavior of visitors on web pages is fraught with risk, according to researchers at…

Any attempt by the US  to block the sales of aircraft to Iran is tantamount to blatant violation of the Joint Comprehensive Plan of Action (the formal title of the nuclear deal Iran signed…

Both the currency and gold markets were in a bearish mood on Saturday with both the benchmark gold coin and the US dollar losing their value in Tehran market.

On the first day of the…

Top officials, pundits and industry players convened as part of the second all-purpose Conference on Iranian Economy in Tehran on Saturday to discuss various economic sectors and the problems…

Two firms from Italy and Germany are negotiating to buy the shares of Iranian insurance companies, the head of Central Insurance of Iran announced.

“I cannot mention the names of…

The inauguration of Nasim Tower, the first housing project in Iran to be financed by a real estate investment trust (REIT), on Saturday was attended by the minister of roads and urban…

More than 770,000 tons of goods were transited via railroads through the Sarakhs border in Khorasan Razavi Province during the eight months to Nov. 21, registering an 80% rise compared with the…

Nondurable consumer goods generated 13.9% of the value added in Iran’s industrial sector, created 28% of industrial jobs and consumed 12.9% and 11.9% of the water and fuel used in the sector…

The Road Maintenance and Transportation Organization will see its next year’s budget (March 2018-19) cut by 6.8% compared with the current fiscal (March 2017-18) to stand at 16.8 trillion rials…

Work permits were issued, extended or renewed for 11,787 foreign nationals living in Iran in the last Iranian year (March 2016-17), registering a 7% decrease compared with the previous year,…

Iran’s fourth largest airline, ATA, took delivery of its first Embraer ERJ 145 jet late Friday.

The secondhand 50-seat jet is the first of 15 aircraft, which has been purchased recently…

Tehran Stock Exchange’s benchmark extended its uptrend on Sunday to add 272.3 points or 0.43% to close at 63,071.4. This is the highest level since September 12.

About 55% of listed…

Mouteh Gold Mine produced 301 kilograms of gold ingots during the first seven months of the current fiscal year (March 21-Oct. 22), registering a 78% growth compared with last year’s…

Iranian miners exported 12.44 million tons of mineral products worth $1.08 billion to China during the first seven months of the current fiscal year (March 21-Oct. 22), statistics released by…