Economy

More than 180,400 hectares of farmland were equipped with modern irrigation systems in the last Iranian year (March 2017-18), the chairman of Modern Irrigation Systems Project undertaken by the…

Iran traded $1.85 billion worth of non-oil goods with Italy in the last Iranian year (ended March 20, 2018), which is 9.67% more compared to the year before, making the European country Iran’s…

The government plans to clear over 60% of its debt to the Social Security Organization (500 trillion rials or $12 billion) through a debt swap deal, the deputy minister of cooperatives, labor…

The Ministry of Cooperatives, Labor and Social Welfare’s Center of Statistics has published Iran’s provincial share of GDP for the fiscal 2015-16. 

Tehran Province, wherein lies the…

Iran's state-owned banks have sold excess assets worth 135 trillion rials ($3.21 billion), which included real estate, company shares and other resources, from the beginning of President Hassan…

Iran’s decision to report foreign currency transactions in euro rather than the US dollar reflects the fact that the bulk of Iran’s foreign trade is with European and Asian countries and that it…

As the Central Bank of Iran is continuing its rate unification and market control policies, the Tehran police force is maintaining its support for the regulator by cracking down on speculative…

As the Central Bank of Iran launched a new round of gold coin presales since the beginning of the new fiscal year (March 21), a total of five million coins have been sold by Bank Melli branches…

Despite the increase in the population of workers in Iran, the number of workplace accidents and fatalities in the last Iranian year (March 2017-18) remained unchanged compared to the year…

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…

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…