Economy

Rial has depreciated more than 10% over the last three months against the US dollar and was quoted at 41,360 to the greenback at Tehran's foreign exchange market on Monday.

In response to reports regarding the closure of Iranian bank accounts by UAE banks, the director general of International Affairs Department at the Central Bank of Iran has announced that the…

While the Central Bank of Iran has yet to adopt an official regulatory stance on cryptocurrencies, it has warned citizens and investors against indiscreetly using them, especially the most…

As part of the latest ratifications made by the Cabinet of President Hassan Rouhani on Monday, the Ministry of Economic and Finance Affairs has been permitted to issue the guarantee needed to…

Some 414,000 tons of freight have been transported between Iran and Turkey via rail since the beginning of the current Iranian year (started March 21), registering a 54% increase compared with…

Iran Airports Company registered 37,598 takeoffs and landings in the Iranian month ending Oct. 22, which shows a 9% rise compared with last year’s corresponding period.

About 4.07…

With a café on nearly every corner in many cities around the globe, it comes as no surprise that coffee is one of the top beverages worldwide.

Different types of coffee are served in…

The 17th International Exhibition of Home Appliances is scheduled to open in Tehran on Nov. 23 and will run for four days.

Iran’s Home Appliances Association Secretary Habibollah Ansari…

Iran exported more than 39.1 million tons of mineral products worth $5.41 billion during the first seven months of the current fiscal year (March 21-Oct. 22), registering a 5.5% and 3.1% growth…

Tehran Stock Exchange’s main index gained 87.80 points or 0.10% to end Monday trade at 87,832.5.

About 892 million shares valued at $49.37 million changed hands on Monday.

…

The Second International Exhibition of Meat and Related Industries, also known as Meatex 2017, opened at Tehran’s International Fairground on Monday with the attendance of 15 countries.

Heading a 50-member delegation, Agriculture Minister Mahmoud Hojjati was due to arrive in Ghana’s capital Accra on Monday to take part in sixth session of Iran-Ghana Economic Commission. The…

Iran Khodro has said it will ‘start test production’ of Peugeot 301 in the coming week.

According to the Persian-language newspaper Donya-e-Eqtesad, IKCO will launch mass production of…

Toyota’s surprise plan to build a US factory with Mazda meets several challenges for Japan’s biggest automaker but increases risk for a company mostly known for being careful.

Iran continues to adhere to a global agreement to scale back crude oil production as OPEC data on Monday showed further cuts in the country's monthly oil output.

The No. 3 OPEC…

Accepting promissory notes as non-cash collaterals for foreign exchange loans by banks is permitted, if all the other relating criteria and regulations are adhered to, the Central Bank of Iran…

The head of the private sector's main entity lambasted the prevailing corruption and rent-seeking in the country's economic sphere, saying they are the main obstacles to transparency and a level…

Lower bank interest rates, which cause more capital to flow toward other sectors including the housing sector, will prove instrumental in triggering a boom in the sector, a board member of…

The government plans to reduce the percentage of premiums Iranian insurance firms are obligated to entrust to the Central Insurance of Iran for the purpose of reinsurance, the director of the…

Iran's sovereign wealth fund has allocated $36 billion in foreign exchange loans to bankroll the country’s national projects in the past six years ending Sept. 22.

According to NDFI’s…

Foreign investment in Iran has seen a tenfold increase following the 2015 nuclear deal reached between Iran and six world powers, the government spokesman said.

Addressing a news…

Close to 15,000 tons of butter worth close to 2.34 trillion rials ($72 million) were imported into Iran during the five months to Aug. 22, figures released by the Islamic Republic of Iran…

Iran’s major phosphate producer, Esfordi Phosphate Industrial & Mineral Complex, produced 34,364 tons of phosphate during the first seven months of the current fiscal year (March 21-Oct. 22…

A total of 5.4 million tons of cargo has transited through Iran during the first seven months of the current fiscal year (March 21-Oct. 22), an official with the Ministry of Roads and Urban…

Media Pardazesh, a local tech firm, has announced it has brought Apple’s new iPhone X (known as iPhone 10) legally into the local market.

Handsets are offered via Digikala, Iran’s…