In return for an 8.5% stake in online taxi company TAP30, Saman Electronic Payment (SEP), affiliated to Bank Saman, has invested an undisclosed amount in the ride-hailing firm. In a letter to…
Iran exported a total of 6.36 million tons of finished and semi-finished steel products in the 10 months of the current fiscal year (March 21-Jan. 20) to register a 2.81% year-on-year decline,…
1. Azerbaijan's Economy Minister Shahin Mustafayev: Iran-Azerbaijan trade increased by 74% in 2018 to stand at $450 million. (HIBNA)
Oil prices fell on Wednesday as bullish output forecasts by two big US producers and a build in weekly US crude stockpiles outweighed OPEC-led production cuts. International Brent crude futures…
An estimated $3 billion has been invested in almost 1,000 water and power projects in several cities in Khuzestan Province, the Energy Minister said on Tuesday. Reza Ardakanian was speaking at…
Production of gasoline compliant with Euro-5 emission standards started in Tabriz Oil Refining Company in East Azarbaijan Province on Wednesday, managing director of the company said. “…
Feasibility studies to build the second desalination unit in the northern Golestan Province are over and construction work will start soon, managing director of the provincial Rural Water and…
China said it will form a national oil and pipeline company, the first public acknowledgment of the massive energy industry overhaul planned since at least 2014.
The long-awaited Qazvin-Rasht railroad project was officially inaugurated by the Iranian President Hassan Rouhani on Wednesday in the northern city of Rasht, Gilan Province.
A train…
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The railroad linking the two Iranian cities of Qazvin and Rasht is expected to be inaugurated today (March 6) in the presence of President Hassan Rouhani.
Stocks sold off on Tuesday for a second session as investors digested the negative effects of the drop in foreign exchange rates. This comes as some analysts warn that the herd behavior of…
Head of the Plan and Budget Organization says the government is weighing three options on allocating $14 billion for importing essential goods in the next fiscal that starts on March 21.
Mohsen Salehinia, head of Iran Small Industries and Industrial Parks Organization, says out of the 43,000 small and medium sized enterprises in industrial towns, 20% are facing recession, which…
The fact that Iran is so easily affected by global sanctions is because it is not a major player in world economy and can be eliminated by its rivals and abandoned by its partners with no…
Relations with Iran are highly crucial for Baghdad, Iraqi President Barham Salih said, ahead of President Hassan Rouhani’s visit to the Arab country. Speaking to Iraqi media, Salih…
Officials from Iran and the five remaining parties to the 2015 nuclear deal are set to come together in Vienna on Wednesday to hold the first meeting of the Joint Commission since the…
Iranian startups which have grown exponentially over the past few years are getting socially responsible. The firms with help from tech enthusiasts have launched campaigns to help the needy.
Following the latest government crackdown on illegal mobile phone imports, the price of handsets has shot up 20% in the market. “With declining supply, the price of handsets has increased 15-20…
The Statistics and Economic Analysis Center of Iran Chamber of Commerce, Industries, Mines and Agriculture has measured Iran's Purchasing Managers’ Index, under the Farsi acronym “Shamekh”, for…
A total of 260,000 tons of textile products worth $955 million were exported from Iran in the first 10 months of the current fiscal year (March 21, 2018-Jan. 20) to register an 18.7% and 6.5%…
Iran traded 59.13 million tons of non-oil commodities worth $29.63 billion with the members of the Organization of Islamic Cooperation during the first 10 months of the current fiscal year (…
Iran-Bulgaria Economic Cooperation Commission is scheduled to hold a meeting in Sofia from April 15 to 18. Accordingly, Iran Chamber of Commerce, Industries, Mines and Agriculture plans to send…
Transferring water from the Caspian Sea in the north to the drought-hit central plateau will have severe negative environmental effects, a former member of the World Water Council said.
OPEC and its allies will probably achieve their goal of draining oversupply from the oil market and boosting prices by next month, says Jeff Currie, global head of commodities research at…
