Economy

Rampaging foreign exchange rates have grabbed many headlines in the past few months and especially the past few days, but the ailing housing sector that recently showed signs of coming out of…

Following the signing of a short-term refinance deal, the Europaisch-Iranische Handelsbank AG has allocated a €30 million credit line to the Export Development Bank of Iran.

This was…

Russian Energy Minister Alexander Novak said the country is considering an option of making oil payments in national currencies, particularly with Turkey and Iran. According to Novak, both…

Bank Melli Iran's investment arm, Tosee Melli Group Investment Company, is planning to continue its downsizing efforts, which started last year, by selling stakes in six of its assets in the new…

The last fiscal (ended March 20, 2018) had its ups and downs, but it was propitious for major Iranian exchange-listed steelmakers. 

Increasingly favorable global conditions, rapid…

Iran’s capital market raised over 132 trillion rials ($2.64 billion) through the issuance and sale of Islamic bonds in the last fiscal year (March 2017-18), indicating a 58% increase compared…

The Ports and Maritime Organization plans to increase Iranian ports’ container capacity from 5.94 million TEUs in the last Iranian year (ended March 20, 2018) to 9 million TEUs by the end of the…

Tehran Stock Exchange’s main index added 779.57 points or 0.81% on Monday compared to the day before to end trade at 97,120.8.

About 1.04 billion shares valued at $36.55 million changed…

Apple has removed two messenger apps developed by Iranian programmers from the company's iOS App Store. Soroush and Bale are the out-of-luck apps targeted by Apple this time around.

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The immediate deaths arising from accidents during Norouz, the Iranian New Year holiday season (March 21 to April 2) regrettably rose compared to the same period of last year.

Statistics…

Nissan Motor Co. hardly seems like an automaker in need of more corporate tie-ups, with its alliance links to Renault and Mitsubishi, and a network of partnerships with Daimler AG of Germany,…

German carmakers BMW and Daimler are under increasing pressure to diversify production of their sports utility vehicles outside of the United States as a result of Washington’s growing trade…

Iran exported more than 314 tons of soup and stew worth $1.03 million during the 11 months to Feb. 19, the Islamic Republic of Iran Customs Administration announced.

Australia, Sweden,…

The 2018 edition of Global Entrepreneurship Index, a composite indicator of the health of entrepreneurship ecosystem, has ranked Iran 72nd out of a total list of 137 countries and 11th out of 14…

Exports from Iran’s small- and medium-sized enterprises amounted to $2.3 billion in the last Iranian year (ended March 20, 2018), the deputy head of Iran Small Industries and Industrial Parks…

A business delegation from Stockholm, the capital of Sweden, is scheduled to visit Tehran Chamber of Commerce, Industries, Mines and Agriculture on April 18, the chamber’s news portal reported…

Afghanistan’s Chamber of Commerce and Industries said Iran was Afghanistan’s biggest trade partner in the last solar year (March 2017-18) and exported goods worth over $1.98 billion to the…

The process initiated by Iran, Russia and Turkey in Sochi on Nov. 22 was the beginning of a collaboration that will pave the way for regional economic opportunities and change the future of…

As the new fiscal year started on March 21 and the banking system expects major reforms, the issue of payment services’ fees poses a huge challenge to the electronic banking sector.

The Central Bank of Iran allocated $48 billion in hard currency for imports during the last fiscal year that ended on March 20, 2018, according to its governor, who put it down to new openings…

The Central Bank of Iran has eliminated another use of foreign currencies at official rates, announcing through a directive that as of the beginning of the current fiscal year on March 21,…

Foreign exchange rates continued to surge in Tehran's market amid confusion about the causes of the rally, as both Economy Minister Masoud Karbasian and Governor of the Central Bank of Iran…

Sustainable economic growth policies are often a broad spectrum in setting macroeconomic adjustments and maintaining the progressive trend without transferring the pressure or burdens for future…

Iranian miners paid 6.74 trillion rials ($134.87 million) in mining royalties to the government during the first 11 months of the last fiscal year (March 21, 2017-Feb. 19), indicating an 88.1%…

The government is intervening in the pricing of base metals in the local market, again.

At the behest of Industries Minister Mohammad Shariatmadari, his deputy Hassan Younes Sinaki has…