Economy

Iran’s non-oil trade deficit stood at $5.93 billion for the first nine months of the current fiscal year (started March 21, 2017), while last year’s similar period saw a trade surplus of $658…

A delegation from the Ministry of Agriculture is due to visit India on Jan. 16 to hold talks with Indian officials for lowering tariffs on Iranian agricultural products, the chairman of the…

The second largest local carmaker SAIPA has refitted its sedan model Saina as an electric vehicle and unveiled in on Sunday.  According to company officials, the car costs twice the price…

The scheme to levy taxes on bank deposit interest has come to the fore again, with a senior official at the Central Bank of Iran saying that under the current circumstances, an interest income…

Banks need to work closely with financial technology firms, which would foster job growth, the head of the Association of Public-Sector Banks and CEO of Bank Melli Iran said. Mohammad Reza…

The entry of new banks in the housing sector–formerly monopolized by Bank Maskan–will foster competition and lower mortgage rates, a member of Majlis Development Commission said.

“It is…

In line with the government’s measures for boosting transparency and fighting corruption, Minister of Economic Affairs and Finance Masoud Karbasian has obligated all the ministry’s agencies –…

Iran Aseman Airlines' contract with Boeing to purchase 30+30 B737 Max jets has experienced no hurdle so far, the managing director of Atiyeh Saba Investment Company, affiliated with Iran’s Civil…

Tehran will host a conference on development of Makran, a stretch of coast southeast of Iran emerging as a major naval base and commercial hub of maritime trade, the Iranian defense minister…

Deputy Minister of Roads and Urban Development Hamed Mazaherian said an investment of 1,230 trillion rials ($28.6 billion) is needed to renew old urban areas across the country. Noting that as…

The Majlis Joint Commission has set the ceiling for revenues from the Subsidy Reform Plan at 370 trillion rials ($8.6 billion) for the next fiscal year (March 2018-19), out of which 230 trillion…

The research arm of the parliament has forecasted a 4.1% economic growth for the current fiscal year (March 2017-18) compared with last year’s 12.5%. Majlis Research Center expects the…

A total of 2,530 cooperatives, which created 39,952 jobs, were formed in Iran with an investment of 494.34 billion rials ($11.43 million) over the nine months to Dec. 21, the Ministry of…

Tehran Stock Exchange’s main index lost 35.76 points or 0.04% to end Sunday trade at 96,234.5.

About 709 million shares valued at $37.75 million changed hands at TSE for the day.

Director General of Kish Free Zone Organization Ebrahim Ansari Lari reviewed economic and banking cooperation with Omani officials.

In his two-day visit to Oman, Lari held meetings with…

Iran exported more than 48.66 million tons of mineral products worth over $6.85 billion during the first nine months of the current fiscal year (March 21-Dec. 21), registering a 1% and 3% growth…

Hormozgan Steel Company plans to double its slab output capacity to 3 million tons per year, the company’s manager said. The steelmaker also expects to produce 1.5 million tons of the material…

Twitter Inc on Friday reiterated its stance that accounts belonging to world leaders have special status on the social media network, pushing back against users who have called on the company to…

Facebook CEO Mark Zuckerberg has vowed to “fix” Facebook, in what he described as his personal challenge for 2018.

In a post on his page on the social network, he said it was making too…

Qualcomm on Friday said it is working on updates for products that are affected by recently announced chip-level security vulnerabilities. The vulnerabilities, first disclosed last week by…

Game-maker Fanafzar has launched an online game store ‘Hayoola’ in collaboration with Iran Computer and Video Games Foundation.

In addition to locally-developed games, modified versions…

A tanker carrying Iranian condensate and run by the National Iranian Tanker Company was ablaze and spewing its cargo into the East China Sea on Sunday after colliding with a Chinese bulk ship,…

As the banking woes of Iranians in China now include restrictions on companies, the head of Tehran Chamber of Commerce, Industries, Mines and Agriculture has announced an upcoming visit between…

Close to two years after the Joint Comprehensive Plan of Action was signed, the Iranian banking system has regained the lost ground and established 808 correspondent banking relations with 286…

A senior member at Iran's biggest bank has come out in favor of cryptocurrencies and called for them to be recognized and widely accepted in the banking system.