Economy

The budget allocated to cash subsidy payments in the next fiscal year (starting March 21) has increased by 70 trillion rials ($1.55 billion) to reach 300 trillion rials ($6.66 billion) after…

Iran’s iron ore giant Golgohar Mining and Industrial Complex plans to issue 3 million Islamic bonds worth 3 trillion rials (about $66 million) next week to finance the purchase of ore…

Tehran Stock Exchange is scheduled to witness a heated competition today, as a 15.85% controlling stake in Iran’s largest automaker is being put up for sale. Rumors about potential buyers are…

Upon the completion of “the Comprehensive Taxation Plan”, paper will be eliminated from all taxation procedures, Minister of Economic Affairs and Finance Masoud Karbasian announced. Digitization…

The top US communications regulator, wireless companies and some lawmakers oppose an idea by members of President Donald Trump’s national security team for the government to build a 5G wireless…

Google has said it is developing new techniques to detect malicious crypto-mining adverts after YouTube was caught displaying them to unsuspecting users. Ad-based miners are a new form of…

The Skin Research Center of Iran University of Medical Sciences has developed the first local stem cell treatment for skin diseases. The medicine called ‘Renew Derm Cell’ was unveiled this week…

As the new phase of Mobile Registry Scheme goes into effect next week,  smuggled Google, BlackBerry and Motorola phones will be disconnected from local operators’ networks.

Employing the potentials of the capital market and leasing facilities will be two of the new approaches of Bank Maskan, the agent bank of the housing sector, in the next fiscal year (starting…

The governor of the Central Bank of Iran on Monday met with the ambassador of Switzerland in Tehran to discuss improvements in the banking system and the possibility of Iranian lenders opening…

First Vice President Es'haq Jahangiri has officially ordered three Cabinet members to devise a spending plan for the $12 billion foreign finance finalized in the post-sanctions era by…

After surging against the rial in early trade, the greenback lost momentum on Monday in what would be a win for the Central Bank of Iran’s policy of preventing the further depreciation of rial…

Iranian steelmakers exported 6.37 million tons of semi-finished and finished steel worth $2.34 billion in the first nine months of the current fiscal year (March 21-Dec. 21) to 15 countries.…

Director General of Greenhouses, Medicinal Plants and Edible Mushrooms Office with the Ministry of Agriculture Gholamreza Taqavi expects Iran’s mushroom production to reach 150,000 tons this…

The cold spell sweeping parts of Iran in recent days has not affected the orchards of the northern provinces of Mazandaran and Gilan, the chairman of Tehran Fruit and Vegetable Sellers Union…

Iran and Finland traded more than €106 million worth of goods during the 11 months to Nov. 30, 2017, to register a 60% hike in bilateral exchanges compared with the corresponding period of last…

The point-to-point consumer price inflation rate reached 8.4% in the seventh month of the ongoing fiscal year (Sept. 23-Oct. 22) following its downward trend from the beginning of summer, but…

Tehran Stock Exchange’s main index lost 368.38 points or 0.37% to end Monday trade at 99,046.1.

About 953 million shares valued at $56.57 million changed hands at TSE for the day.

Iran exported about 7,500 tons of tea worth $11.3 million during the first eight months of the current Iranian year (March 21-Nov. 21, 2017), registering a 6% decline in weight but an 8.6% rise…

Bandar Imam Petrochemical Company started selling 4 trillion rials ($88 million) worth of standard parallel salaf contracts for liquefied petroleum gas on Iran Energy Exchange on Monday.

The Eighth Iranian Steel Market Conference, aka ISMC 2018, opens in Tehran today. The annual two-day event is scheduled to be held at the Islamic Republic of Iran Broadcasting Conference Center…

A subsidiary of SAIPA, Pars Khodro, will introduce upgraded versions of three Chinese-derived vehicles assembled and produced in Iran.

Google has made its first ride-hailing investment in Asia by pumping money into Go-Jek, as the Indonesian start-up and deep-pocketed rivals rapidly expand their app-based services and digital…

Local auto parts maker Noor-e Neyriz Alu Wheel Co (NNA) inaugurated a new aluminum car wheel factory on Saturday in Neyriz, 200km east of Shiraz in Fars Province. Fars Industrial State Co (…

Mazda Motor Corp. is developing a gasoline engine it says will be as clean as an electric vehicle — at least when the supply chain of energy creation is calculated into it.

Mazda’s…