Economy

The government decided in the Cabinet meeting on Wednesday to grant 318 billion rials ($7.25 million) in aid to animal and fish farms that incurred losses in the recent Kermanshah Province’s…

Iran’s monetary base grew by 16.6% to 1,863.7 trillion rials ($43.1 million) in June 22-July 22, 2017, 3.7 percentage points up from its level a year earlier.

The 18.7% rise in the…

A local startup has launched a platform dubbed ‘Bitmeh’ allowing people to buy insurance policy online. Available via bitmeh.com, the company connects agents and brokers with costumers wanting…

Security researchers on Wednesday disclosed a set of security flaws that they said could let hackers steal sensitive information from nearly every modern computing device containing chips from…

The tracking code project for cigarettes will be implemented in the next two months, the head of Tobacco Planning and Supervision Center said.

Ali Asghar Ramzi added that the project is…

Iran’s Agriculture Ministry and the Iranian Sugar Factories Syndicate have agreed to pay incentives to sugarbeet farmers.

Close to $7.34 billion worth of services were exported from Iran during the eight months to Nov. 21, registering a 7.5% increase compared with the corresponding period of last year, an official…

China Civil Engineering Construction Corp announced on Tuesday it signed a rail contract worth 3.53 billion yuan ($543.6 million) with Iran.

CCECC is a subsidiary of state-owned China…

The Iranian steel industry, especially its raw material sector, is expanding substantially.

The name of Iran is increasingly heard in the global steel market when it comes to semi-…

Ahead of lawmakers’ vote on the government’s proposed budget for the fiscal 2018-19, the parliamentary research center has analyzed the housing and urban development portions of the budget,…

Following the implementation of the Joint Comprehensive Plan of Action (the formal name of Iran’s nuclear accord with world powers) that helped Iran’s banking system resume correspondent…

Tehran foreign exchange and gold markets experienced another bout of rallies on Wednesday, as investors turn to safe-haven investments that have led to a price uptrend not witnessed since 2012…

Bank Melli Iran has launched a special housing scheme to increase people’s purchasing power and help the sector. According to BMI’s CEO, the bank offers two types of housing plan, which differ…

Tehran Stock Exchange’s main index lost 311.74 points or 0.32% to end Wednesday trade at 95,929.5.

About 1.45 billion shares valued at $70.54 million changed hands at TSE for the day.…

In a meeting between officials from Mines and Metals Development Investment Company and those from Australia this week, the two sides expressed interest in expanding mining and exploration…

Kurdistan Regional Government in northern Iraq has rejected handing over the border management to the Iraqi federal administration, saying that the law provides for joint administration, as Iran…

The government is planning to sell its stake in the beleaguered Esfahan Steel Company to Iran’s largest steelmaker, Mobarakeh Steel Company, the deputy cooperatives minister for planning and…

The number of passengers traveling from Tehran’s Mehrabad International Airport has grown from 10 million to 18 million in the past three years, the managing director of Iran Airports Company…

South Korea’s Hyundai Motor and Kia Motors on Tuesday flagged 4% sales growth in 2018, suggesting a slow recovery from a slump linked to their lack of SUVs in the United States and diplomatic…

Domestic automotive company, Oghab Afshan Industrial and Manufacturing Company, has introduced its ‘Navigo’ minibus and is promoting the vehicle as ‘eco-friendly’.

The model was unveiled…

The Central Bank of Iran will announce its official policy on cryptocurrencies within the next few months, the monetary regulator’s deputy for international affairs said.

“CBI is…

The Central Bank of Iran has sufficient reserves of gold bars and coins, and will resume gold coin auctions until the market is fully saturated and prices become stable, the director of CBI's…

Tehran Stock Exchange’s main index gained 33.38 points or 0.03% to end Tuesday trade at 96,241.3.

The stability in the movement of the benchmark index comes after its wild fluctuations…

The Securities and Exchange Organization’s decision to remove earnings per share forecasts is justified, as most companies’ forecasts for the previous fiscal year (March 2016-17) had a 466%…

No one is jobless in Kish Free Trade Zone, the unemployment rate in Qeshm FTZ (about 6%) is half the country’s average and the number of jobless is very low in Aras FTZ, the secretary of High…