Economy

Majlis Joint Commission has okayed the government-proposed threefold rise in departure tax for the next fiscal year’s (March 2018-19) budget bill from current year’s 750,000 rials ($17) to 2.2…

As per the budget law for the current fiscal (March 2017-18), the government should provide Road Maintenance and Transportation Organization, affiliated with the Ministry of Roads and Urban…

More than $87 million worth of goods were exported from the northeastern Khorasan Razavi Province during the first nine months of the current Iranian fiscal year (started March 21, 2017),…

The Eighth International Architecture, Modern House, Interior Design and Lighting Exhibition, also known as MIDEX 2018, is scheduled to be held from Jan. 11 to 14 at Tehran’s International…

LG’s CLOi robot got a case of stage fright. The adorable white, curvy CLOi, who stands less than a foot tall with a black circular face and glowing blue eyes, is supposed to act like the hub of…

In a renewed bid not to lose customers, two major Iranian Internet service providers, Asiatech and Shatel, have started offering promotional services. Asiatech has signed a deal with local video…

Apple Inc investors are shrugging off concerns raised by two shareholders about kids getting hooked on iPhones, saying that for now a little addiction might not be a bad thing for profits.

Iran’s Communications Regulatory Authority says mobile operators are not allowed to send advertisement text messages to their subscribers.

The ombudsman deputy director Hossein Fallah…

The US Senate will hold a vote on net neutrality. Less than a month after the Federal Communications Commission reversed Obama-era rules that prohibited Internet providers from blocking or…

Iran and the Eurasian Economic Union are about to unveil a preferential trade agreement, hoping that the agreement would help traders overcome the ongoing hurdles and compensate for the recent…

The Monetary and Banking Research Institute, affiliated with the Central Bank of Iran, has in the works a new plan to exert constant supervision over the performance of banks in terms of…

Tehran Chamber of Commerce, Industries, Mines and Agriculture, as a leading private sector entity, on Monday announced the annual Amin al-Zarb awards and decided to present the entrepreneurship…

The new CEO of Tejarat Bank has announced that the privatized bank’s new policies are aimed at improving its financial statements.

“Offering new and high quality foreign exchange…

In the wake of an Iranian oil tanker's collision in East China Sea, Iranian insurers are to compensate 30% of the costs while the rest would be covered by a Norwegian firm, the president of the…

The government earned more than 4.72 trillion rials (over $109 million) in mining royalties–a percentage of miner’s sales profit–during the first seven months of the current Iranian year (March…

A total of 3,321 new jobs were created in Iran’s mining sector during the seven months to Oct. 22, 2017, indicating a 158% rise compared with the corresponding period of the previous year, data…

Major Iranian steelmakers exported 5.11 million tons of semi-finished and finished steel products during the first nine months of the current fiscal year (March 21-Dec. 21), registering a 26%…

The Central Securities Depository of Iran issued 200 trading codes for foreign investors in 2017, the deputy head of CSDI, Fariba Akhavan, announced.

Iran Combine Manufacturing Company has exported about half a million dollars worth of agricultural machinery since the beginning of the current Iranian year (started March 21, 2017), the company…

Tehran Stock Exchange’s main index added 15.80 points or 0.02% to end Monday trade at 77,590.5.

As many as 550 million shares valued at $35.4 million changed hands for the day.

Iran…

The government is planning to commission Khouzestan Steel Company to produce rails, a member of Majlis Development Commission, Eghbal Mohammadian.

Khouzestan Steel Company is the biggest…

Iran will have reduced its cigarette imports from four billion to two billion before the end of the current Iranian year (March 20, 2018).

A total of 2.673 million tons of different kinds of meat were produced in Iran in 2017, registering a 0.8% increase compared with the year before.

The production of olive oil is estimated to reach 3,000-3,500 tons in Iran by the end of the current fiscal year (March 20), registering a 33% decline compared with last year’s, the head of the…

Egg prices decreased by 14.3% and reached 126,000-180,000 rials ($2.8-4.1 based on Monday’s exchange rates) during the week to January 5 compared with the previous week, the Central Bank of Iran…