Economy

Iran’s major Internet service provider Shatel Group (aka Arya Rasana Tadbir Co.) started offering Mobile Virtual Network Operator services on September 2.

The service was launched at a…

Iran has discovered a new iron ore deposit in Yazd Province, which is estimated to be about 2 billion tons with 70% iron content, the head of Yazd Industries, Mining and Trade Organization said…

Bank Keshavarzi Iran, state-owned bank specialized in financing agriculture sector, has linked up with a number of major Russian lenders including Sberbank, Gazprombank and Transcapitalbank,…

The Center for Strategic Studies, affiliated to the Presidential Office, has published a report that proposes 10 strategic measures for the housing sector to achieve prosperity without…

The US dollar once again gained against rial in Tehran’s both open and official exchange markets on Saturday to maintain its uptrend against the Iranian currency.

Bank Melli Iran, the nation’s biggest lender, is ramping up efforts to teach anti-money laundering principles to its staff. “A total of 1,200 Bank Melli staff members have completed full online…

Saturday was the implementation day for the Central Bank of Iran’s latest major directive on bank interest rates, which has already created a momentum in the banking system as lenders are…

Tehran Stock Exchange’s main index gained 155.30 points or 0.19% to end Saturday trade at 83,428.2.

About 434 million shares valued at $61.64 million changed hands for the day.

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One of the main hurdles in the way of real privatization in Iran is the existence of semi-private companies that emerged during the flawed privatization process of the not-so-distant past.

Khouzestan Steel Company exported more than 1.22 million tons of steel products in the first five months of the current Iranian year (started March 21), registering an 81.4% increase compared to…

For the second time this year, a group of shareholders of Electricity Meter Manufacturing Company staged a protest in front of the building of Tehran Stock Exchange on Saturday morning. The…

Close to 47,000 tons of sunflower seeds worth more than 1.54 trillion rials (nearly $44.8 million) were imported into Iran during the first four months of the current Iranian year (started March…

More than 124.4 trillion rials (close to $3.21 billion) worth of investments were made in Kish Free Trade Zone during the first presidential term of Hassan Rouhani (August 2013-17), the deputy…

Prices for imported flat steel in Iran continued to climb over the week that ended on August 30, as deals and offers were reported at higher prices.

Market participants cited reduced…

Iran’s share in the Iraqi market stood at 19.7% in the fiscal 2016-17, secretary of Iraq’s Desk at Trade Promotion Organization of Iran said. Iran exported 129.648 million tons of non-oil…

Local stationery production meets 45% of domestic demand in the current year (March 2017-18), up from last year’s 30%, the head of Stationery and Engineering Equipment Union said.

“The…

The First International Air Transport and Airport Equipment Exhibition, otherwise known as AERO PERSIA 2017, is scheduled to be held at Tehran’s International Permanent Fairgrounds from…

US automakers reported weaker sales than forecast for August as Hurricane Harvey slowed purchases towards the end of the month.  Sales rose at a seasonally adjusted annual rate of 16.14…

Iran Khodro is moving ahead with a plan to produce mid-range cars with the Japanese automaker Nissan.

The company CEO Hashem Yekezare told reporters “IKCO is set to sign a partnership…

The US agency in charge of enforcing labor law on Thursday filed a complaint against Tesla Inc., saying it found merit to workers’ complaints about unfair labor practices.

Cherry’s operation in Iran has delivered its latest and most expensive SUV Tiggo7 to buyers.

The company is currently offering a “full-option” version of the car called “Excellent” that…

With its massive oil and gas resources and a large, talented youth community, Iran is the second largest economy in the Middle East and North Africa region.

However, in the post-…

In line with the general policies of Article 44 of Iran’s Constitution—declared 11 years ago by the Leader of Islamic Revolution Ayatollah Seyyed Ali Khamenei—the remaining state shares in…

The Central Bank of Iran has forecast an economic growth of at least 5% for the current Iranian year that ends on March 20, 2018.

In another step toward Iran’s gradual revival of banking ties with the international community, the governor of the central bank of Croatia has announced that the European nation’s biggest…