Economy

MAN Diesel & Turbo, a German multinational that produces engines and turbo machinery, has said it is increasingly active in Iran, seeing the country as its biggest growth market in the…

Iranian interbank transactions during the fiscal year to March 20, 2017, stood at 30.9 quadrillion rials ($814.6 billion), marking a growth of 9.2 quadrillion rials ($243.2 billion) or 42.6%…

The US dollar once again gained against rial in Tehran’s foreign exchange market to reach its highest value in the past six months late Sunday. According to Tehran Gold and Jewelry Union’s…

CBI Governor Valiollah Seif has named the newly-formed cordial relationship between the country's monetary and capital markets as a factor for moderating bank interest rates, announcing that…

Promoting development and creating jobs in rural areas are top priorities of the government of President Hassan Rouhani, as a solution to impede the rural residents’ migration to cities and…

Around $74 million worth of machine-woven carpets were exported from Iran to Central Asia, Europe, Australia and neighboring countries such as Iraq and Afghanistan during the first three months…

Iran Veterinary Organization plans to launch a scheme that would potentially discontinue the supply of chicken with high levels of antibiotics.

President Hassan Rouhani appointed Mohammad Nahavandian as his deputy for economic affairs on Sunday. The position of economic affairs deputy is a new title in the array of Iranian vice…

Iran Airports Company registered 164,775 takeoffs and landings during the first four months of the current Iranian year (March 21-July 22), which shows a 7% rise compared with last year’s…

Tehran Stock Exchange’s main index gained 61.30 points or 0.07% to end Sunday trade at 82,016.2.

About 510 million shares valued at $40 million changed hands for the day.

Trading…

The First International Halal Conference is scheduled to be held from December 4 to 7 in Tehran under the theme of “Halal Orientation: The New Global Trend”, the international affairs deputy…

More than 240 tons of flowers worth $2.42 million were exported from Iran to 25 countries during the first four months of the current fiscal year (March 21-July 22), the Islamic Republic of Iran…

There were high hopes for the Iranian mining industry after the lifting of international nuclear sanctions against Iran. Exploiting massive reserves of copper, iron ore, zinc and lead in an…

A US research team for the first time has developed a computer algorithm that is nearly as accurate as people are at mapping brain neural networks.

When fully operational the new system…

A new Mobile Virtual Network Operator (MVNO) Shatel Mobile will launch their new mobile network this week. It will sell its own SIM cards but will make use of MTN-Irancell, RighTel or MCI…

A payment facilitation website called ‘Laklak’  (meaning stork) has been launched allowing people to purchase from sites such as Amazon, Aliexpress and Ebay.

Iranians cannot buy…

Telecom regulators of 23 countries from the Asia-Pacific will meet in Delhi this month to discuss challenges in framing rules for digital ecosystem and regional roaming, among others.

In an underhand move Apple Inc. has once again removed applications of several Iranian companies from the company’s iOS App Store.

Bank Melli Iran issued 3,092 Islamic Treasury Bills worth over 47 trillion rials ($1.2 billion) during the first quarter of the current Iranian year (started March 21).

Mohammad Shariatmadari, industries, mining and trade minister-designate, has pledged to lower banks’ interest rates and overhaul the current system of determining foreign exchange rates to…

Iran’s Bank Refah, affiliated with the Social Security Organization, is planning to expand domestic and foreign operations, mainly by raising its capital by 80 trillion rials ($2.1 billion).

Minister of Roads and Urban Development Abbas Akhoundi, nominated to again head the ministry in the second tenure of the administration, was in parliament on Saturday to outline his plans.

Iranian President Hassan Rouhani, who is beginning his second term after an overwhelming electoral victory in May, has promised to fix the economy but one huge obstacle stands in his way: deep…

Iranian airlines are placing massive orders for short- to medium-haul passenger planes, indicating Iran is a huge market for narrow-body jets.

Tehran Stock Exchange’s main index gained 213 points or 0.26% to end Saturday trade at 81,954.9.

About 1 billion shares valued at $72.33 million changed hands for the day.

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