Economy

In line with efforts to renovate petrochemical plants, Nouri Petrochemical Company in southern Bushehr Province has started to upgrade its equipment and facilities in cooperation with two French…

South Korean rolling stock manufacturer Hyundai Rotem signed a contract worth €720 million with the Islamic Republic of Iran Railways on Saturday to produce 450 suburban railbus wagons in Iran…

Capital Intelligence Ratings (CI), the international credit rating agency, has affirmed Saman Bank's both Financial Strength Rating as well its long- and short-term Foreign Currency Ratings at '…

The Central Bank of Iran has outlined the policymaker's most important measures during the first 100 days of the second tenure of President Hassan Rouhani that began in August.

In line with developing economic and political relations, Iran and Belarus are to expand their banking cooperation, it was announced in a meeting between First Vice President Es’haq Jahangiri…

Bank Ghavamin has been pursuing measures that will bear fruit in the next fiscal year (starting March 20, 2018) and allow it to engage in international and foreign exchange transactions for the…

The average Producer Price Index in the 12 months ending Nov. 21, which marks the end of the Iranian month of Aban, increased by 9.4% compared with last year’s corresponding period, according to…

Tehran Stock Exchange’s main index TEDPIX added 1,813 points or 2% during the week that ended on Nov. 29 to end at 91,152.2.

The main index of the smaller over-the-counter exchange Iran…

Foreigners will soon be able to travel to Arvand Free Trade Zone without a visa, the deputy head of Free Trade Zone Organization, Abdollah Ka’bi, said. According to the official, the move is…

China is financing billions of dollars’ worth of Chinese-led projects in Iran, making deep inroads into the economy while European competitors struggle to find banks willing to fund their…

The 20th edition of Isfahan Handmade Carpet Exhibition is in full swing.  The event opened at Isfahan International Permanent Fairgrounds on November 30 and will run through December 6,…

Iranian Vice President for Women and Family Affairs Massoumeh Ebtekar and President of Estonia Kersti Kaljulaid met in Iceland on Thursday, calling for expansion of mutual relations and…

The Agriculture Ministry plans to increase Khuzestan Province’s agro production from the current 16 million tons to 27 million tons by the end of the 20-Year Vision Plan (2005-25).

“The…

With $420 billion GDP in 2016 and the telecom sector estimated at $8.5 billion, the telecoms industry accounts for approximately 2% of Iran’s gross domestic product.

Google is being taken to court, accused of collecting the personal data of millions of users, in the first mass legal action of its kind in the UK.

It focuses on allegations that Google…

Samsung will convene the third Iranian Electrical Technicians Olympiad in collaboration with Iran Technical and Vocational Training Organization from Dec.15-22.

Samsung has set up an…

Apple launched its Heart Study app on Thursday, which uses the Apple Watch’s heart rate sensor to collect data on a wearer’s heart rhythms and then notify them if they might be experiencing…

In a move to curb suitcase trade of cellphones, Islamic Republic of Iran Customs Administration recently announced that incoming passengers should not carry more than one cellphone and will have…

The US dollar gained against the rial on Wednesday to reach its highest value in Tehran’s foreign exchange market in almost a year. According to Tehran Gold and Jewelry Union’s website, the rial…

Financial institutions throughout the world have historically–voluntarily or otherwise–relied on mergers and acquisitions to adapt to an ever-evolving climate that has only surged following the…

Following the banking policies implemented during his first term in office (2013-17), President Hassan Rouhani has once again urged the country’s banking system to follow a roadmap that directs…

Iran imported some $1 billion worth of raw vegetable oil and exported around $76 million worth of edible oils in the last Iranian year (March 2016-17), the deputy head of Trade Promotion…

About $180 million worth of handmade carpets were exported from Iran during the seven months to Oct. 22, registering a 7.8% increase compared with the similar period of last year, the deputy…

Minister of Roads and Urban Development Abbas Akhoundi attended the One Belt-One Road Forum 2017 in Tbilisi and met with Georgian First Vice Prime Minister and Minister of Economy and…

Iranian electronics manufacturer Entekhab has submitted a letter of intent to purchase a 100% stake in South Korea’s Dongbu Daewoo Electronics.