Economy

Tehran Municipality, the body overseeing the management of the Iranian capital, is aiming to overhaul the way the megacity generates revenue, turning away from practices that had over decades…

US dollar once again surged against the rial in Tehran’s open market on Sunday, as the bull run for the currency continues.

Tehran Stock Exchange’s main index gained 481.20 points or 0.55% to end Sunday trade at 87,416.6.

TEDPIX crossed its 45-month high of 85,700 recorded on Jan. 15, 2014. The benchmark’s…

Iran’s biggest confectionery company, which is also one of the biggest in the Middle East, is planning to enter Qatar’s retail market.

Shirin Asal Food Industrial Group, with a turnover…

Iran’s semi-finished steel exports during the first six months of the current fiscal year (March 21-Sept. 22) stood at 3.19 million tons, up 86% year-on-year, Iranian Steel Producers Association…

HiWeb, one of Iran’s largest Internet service providers, has signed a merger agreement with its archrival Pars Online. The agreement was officially signed late Saturday by the two ISPs’ managing…

The tea harvest season in Iran has come to an end. This year, 108,000 tons worth 2.03 trillion rials ($50 million) were purchased from local farmers, registering a 23% decline compared with last…

Iran exported over 1.27 tons of garlic worth 40.55 billion rials ($1.25 million) during the five months to Aug. 22, figures released by the Islamic Republic of Iran Customs Administration show…

For happy and sad occasions, flowers are a part of daily life in Iran, but Iranians have not been able to exploit the full potential of a global industry worth $104 billion a year.

For…

More than 5,000 tons of shampoos worth over 531.4 billion rials ($16.38 million) were imported into Iran from 15 countries during the five months to Aug. 22, figures released by the Islamic…

The increase in Consumer Price Index ranged from 0.4% to 11.9% for different goods and services in the 12 months ending Oct. 22, compared with last year’s corresponding period. According to the…

India on Sunday sent its first consignment of wheat for Afghanistan to be transited through Chabahar Port in Iran, seen as a “landmark” move to operationalize the strategic transit route.

Iran Space Research Center is set to expand collaboration with academia and increase investment in the sector.

The center's research deputy, Saeed Shakhesi, said more than 100 research…

Iran's top Internet service provider and three local mobile operators have started offering free Wi-Fi services in Tehran and other major cities.

According to the Telecoms Ministry's…

A new debit-card-stealing malware is targeting Iranian Microsoft Windows users and the attack is turning into an epidemic.

A government agency affiliated with the Telecom Ministry, Iran…

Bushehr Nuclear Power Plant in the south has generated 25 billion kilowatt-hours of electricity since it went on stream since its launch in 2011, which is equivalent to consuming 6 billion…

After reports emerged that the banking woes of Iranian citizens in China have resurfaced and they are increasingly finding their accounts closed, the Iranian Embassy in Beijing announced that it…

In an unprecedented move, the Central Bank of Iran has increased the official rate of US dollar by 300 rials on Saturday.

CBI began gradually increasing the official rate of the…

The US dollar, the most widely traded currency in Tehran’s foreign exchange market, once again gained against rial in Tehran’s open and official foreign exchange markets on Saturday. According…

A senior official disclosed details of the $13.5 billion finance deals with Germany and Japan to be used in Iran's rail projects.

The trip of Iran’s Foreign Minister Mohammad Javad Zarif to Africa also bore banking fruits, as Iran will be able to establish correspondent banking relations with South Africa, Uganda and Niger…

The ubiquitous debate over Iran’s shaky foreign trade and non-oil exports surfaced once more when H1 trade statistics were out last month, showing a 3.2% decline in exports and a 15.37% rise in…

Iran exported 23,000 tons of different types of cheese worth close to $108 million to 21 countries during the six months to Sept. 22, the Persian newspaper Donya-e-Eqtesad reported, citing data…

A Pakistani business delegation arrived in Mashhad on Friday for a two-day stay in the northeastern city and the capital of the northeastern Khorasan Razavi Province.

Some 514,000 tons of commodities worth $224 million were exported from West Azarbaijan Province in Iran’s northwest during the six months to Sept. 22, registering a 2% rise in value and a 38%…