Economy

Iranian Internet subscribers as of Friday are charged 70% less for using locally-developed messaging applications compared to service offered by foreign firms.

Facebook wants to make sure its users are not “duped by stories from untrustworthy news publications”. So it is asking users which news publications they trust. CEO Mark Zuckerberg announced on…

Iranian banks still have to pay high interests on their deposits while their income from loan allocations has dropped significantly due to a serious credit crunch, increasing their losses and…

Bank Maskan, the agent bank of the housing sector, has allocated loans for the construction and purchase of 260,000 residential units in the first nine months of the current fiscal year to Dec.…

Bank Melli Iran, the country’s biggest bank, attracted more than 22% of all the rial and foreign exchange deposits of the banking system in the first nine months of the current fiscal year to…

The joint commission of the parliament has wrapped up work on the budget bill for the next fiscal year (March 2018-19) and submitted its draft version to the Majlis Presiding Board on Saturday…

Iran's foreign exchange market on Saturday witnessed a rise in the rates of all major currencies against rial, the national currency.

Iran exported 750,000 tons of dairy products during the nine months to Dec. 22, 2017 to register a 30% increase compared with last year’s corresponding period, Deputy Agriculture Minister Hassan…

Armenian Prime Minister Karen Karapetyan said trade between Iran and Armenia during the 10 months of 2017 was worth only $62.5 million, excluding energy.

City Councilor Zahra Nejadbahram said as little as 0.006% and 0.001% of Tehran’s budget were allocated for the development of entertainment infrastructures in the fiscal years March 2016-17 and…

The government is planning to build 10 new cities to balance population increase in the northern parts of the country and decline in the southern parts, deputy minister of roads and urban…

The Ninth International Exhibition of Doors and Windows Technology, also known as ‘Do-Win Tech 2018”, is scheduled to be held from Feb. 2 to 5 at Tehran’s International Fairground.

More than 6 million tons of commodities worth $3.32 million were exported from North Khorasan Province during the eight months to Nov. 21, 2017, Chairman of North Khorasan Chamber of Commerce,…

The government sold a batch of bonds worth 10 trillion rials ($225 million) last week, the Ministry of Economic Affairs and Finance announced. The debts were sold in an open auction at the over-…

Tehran Stock Exchange’s main index TEDPIX gained 3,308.4 points or 3.46% during the 10th month of the current Iranian year (Dec. 22-Jan. 20) to end at 98,817.

The benchmark index of the…

Iranian export billet prices lost $10 per ton over the past week while several bookings were heard done at lower prices.

Metal Bulletin’s weekly price assessment for Iranian export…

A study by the Institute for Management and Planning Studies supervised by chief economist Masoud Nili culled 975 figures as the poverty line from official and unofficial sources in 41 reports…

Tehran Stock Exchange’s main index lost 106.22 points or 0.11% to end Saturday trade at 98,817.3.

About 851 million shares valued at $61.95 million changed hands at TSE for the day.

Byton, the Chinese electric-car startup is seeking about $400 million in a new round of funding, people with knowledge of the matter said.

Kerman Motor, Iran’s second largest private carmaker has halted the assembly of three Chinese-derived models namely JAC J5 and Lifan’s model 620 and X50.

The models are to be replaced by…

Ford Motor Co has estimated financial results for 2017 and 2018 that fell short of investor expectations, in a downbeat forecast that contrasted with a more positive outlook from rival automaker…

The Ministry of Agriculture has allowed rice importers to register orders from Jan. 21 until June 21.

The permission was communicated by Agriculture Minister Mahmoud Hojjati in a letter…

Pakistan and Iran have decided to resume a fortnightly passenger train service between the two countries by September 2018.  The decision was made at a meeting of rail officials from the…

About 3,000 tons of apparel worth $39 million were exported from Iran during the nine months to Dec. 21, 2017, the Islamic Republic of Iran Customs Administration announced.

Representatives from Iran, Russia, India, Belarus and Azerbaijan will attend a forum on the International North-South Transport Corridor in Tehran on February 17, director of the Islamic…