A South African business delegation of economic players in the fields of food, chemicals, pharmaceuticals, auto parts, aviation, steel, communications, meat industry and furniture is due to…
Economy
The current fiscal year (started March 21) will see the issuance of 12 batches of corporate bonds totally valued over 30 trillion rials ($714.28 million), the managing director of Capital Market…
Khouzestan Steel Company, Iran’s largest exporter of semi-finished steel products, intends to integrate its production and is negotiating to buy local plate producer Oxin Steel, a company source…
Tehran Stock Exchange’s main index gained 276.97 points or 0.29% on Tuesday compared to the day before to end trade at 94,576.5.
About 578 million shares valued at $32.79 million changed…
A startup has launched a new service that delivers breakfast in the southern city of Shiraz.
Established in 2018 by Nima Chapi, the service dubbed “Fooderz” is specifically devoted…
Google parent company Alphabet reported first quarter earnings for 2018 on Monday, beating Wall Street estimates on sales and profit thanks in large part to its mammoth search advertising…
The website of Ukraine’s energy and coal ministry website has been hit by a cyber attack, though the websites of state-run energy companies have not been affected, the ministry’s spokeswoman…
First Vice President Es'haq Jahangiri on Monday officially inaugurated the Forex Deals Integrated System, an online system designed to address the country's currency needs and boost transparency…
When President Hassan Rouhani’s administration decided to unify Iran’s dual foreign exchange rate regime to prevent further depreciation of its currency on April 9, part of its market control…
The head of Management and Planning Organization has presented the list of imported goods eligible to receive foreign currency at subsidized rates. Mohammad Baqer Nobakht, in letter to the…
The government is assessing the effect of unified exchange rates on the country’s exports and imports to find the best strategy for foreign trade, the head of Trade Promotion Organization of…
All Iranian banks officially listed in the capital market will devise and present their balance sheets as per the International Financial Reporting Standards, according to the CEO of the state-…
The import tariff for silk thread has increased from 15% last year to 26% in the current fiscal year (started March 21), the head of Sericulture Expansion Center affiliated with the Ministry of…
The number of foreign flights using Iran’s airspace in the last Iranian year (ended March 20, 2018) increased by 12% compared with the year before, the Ministry of Roads and Urban Development’s…
Iran-Iraq Chamber of Commerce plans to send a business delegation to Erbil in Iraqi Kurdistan to attend a conference on expansion of trade ties between Iran and the Kurdish region, the chamber…
A total of 695,454 tons of oil and non-oil products were loaded and unloaded in the ports of Qeshm Island located near the Strait of Hormuz during the Iranian month of Farvardin (March 21-April…
A total of 38.34 million tons of iron ore concentrate was produced in Iran in the last fiscal year (ended March 20, 2018), to register an 18% growth compared to the year before.
Institutional investors had the largest share of trading in Tehran’s equity market in the first month of the current fiscal year (March 21-April 20), the latest data showed.
Mouteh Gold Mine produced 602 kilograms of gold ingots during the previous fiscal year (March 2017-18), registering a 58% growth compared with the year before, according to data released by the…
As per the Iranian New Year’s state tradition, the motto for the current fiscal (started March 20) was announced by the Leader of Islamic Revolution Ayatollah Seyyed Ali Khamenei in his…
The foreign exchange market recently went in a frenzy, with the rial losing its value against the US dollar on a daily basis.
The government had to intervene to bring back…
Tehran Stock Exchange’s main index lost 370.63 points or 0.38% to end Saturday trade at 96,779.9.
About 646 million shares valued at $27.66 million changed hands at TSE for the day.
…
General Motors Co’s South Korean unit on Monday said it has reached a tentative wage deal with its labor union, meeting a key condition laid down by the US automaker to prevent it filing for…
The widely used ride-hailing application Snapp will pursue new business opportunities by merging its program with hotel reservation apps and collaborating with Irancell to unveil a SnappPay…
The Iranian Parliament on Sunday advanced plans to directly engage in monitoring and moderating the country’s turbulent auto market.
A total of 142 lawmakers voted for urgently pushing…
