Economy

The US dollar, which had begun a surprise rally since the past 10 days, gained about 300 rials to be exchanged for 37,720 rials, marking a new record for the greenback against rial in Tehran's…

Businesses and private sector representatives expect the Central Bank of Iran to speed up the process of unifying forex rates since the gap between free market and official exchange rates promotes…

In line with President Hassan Rouhani's housing policies, the Ministry of Roads and Urban Development has devised four general policies to promote home ownership for the middle-income group.…

President Hassan Rouhani’s Cabinet has authorized the Central Bank of Iran to allocate 9 trillion rials ($240 million) worth of loans to the Central Organization for Rural Cooperatives of Iran…

Iran and Croatia have signed an agreement on banking and payment arrangement, the minister of cooperatives, labor and social welfare announced. “The governor of the Central Bank of Iran has…

About 130,000 tons of raisins worth more than $271 million were exported in the last Iranian year that ended March 20, 2017, registering a 7% increase in value compared with the previous year,…

Having fallen under the adverse effect of international sanctions against Iran over its nuclear program, the Iranian machine-made carpet industry, like many other industries, slipped into…

More than 1,680 tons of shampoo worth more than 116.9 billion rials (over $3.1 million) were imported into Iran during the first month of the current fiscal year (March 21-April 20).

Spain…

Iran exported more than $4.31 million worth of goods to Senegal in the last Iranian year (March 2016-17), registering a 145% jump compared with the year before, director general of Trade Promotion…

About 4.8 million tons of goods were transported via railroad in the southern Hormozgan Province during the first three months of the current Iranian year (March 21-June 21), registering a 12%…

Managing director of the Islamic Republic of Iran Shipping Lines, Mohammad Saeedi, attended the Combined Annual General Meeting of Bureau Veritas in Paris on Thursday at the invitation of the…

Telepizza, the largest non-US-based pizza delivery company in the world by number of stores, has announced further expansion, with the opening of its first Iranian store in Tehran’s Marzdaran…

The 24th International Exhibition of Tile, Ceramic and Sanitaryware, otherwise known as CERAFAIR 2017, opened in Tehran on Friday.

Iran’s debt market is set to become even larger, as more governmental Islamic bonds are being issued.

This raises concern for investors and analysts of a deepening gap between the equity…

The Iranian flat steel import market has been quiet over the past seven days, as most market participants were on a long weekend break to celebrate Eid al-Fitr, the holiday that marks the end of…

Tehran Stock Exchange’s main index lost 32 points or less than 0.01% during the week that ended June 28 to close at 78,704.5.

The smaller over-the-counter Iran Fara Bourse’s benchmark, IFX…

Nike’s CEO Mark Fields confirmed reports that the company will start selling some items directly on Amazon as part of a new strategy to boost sales on the world’s biggest selling platform.

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Internet users in Iran will enjoy higher connection speed through mobile phones and fiber optic networks (fiber-to-the-home) with speeds up to 50 times faster than what is currently available.

A new study by analyst firm App Annie suggests that the global mobile app economy was worth $1.3 trillion last year, and is poised to reach $6.3 trillion by 2021 as users spend more money on apps…

Ukrainian state power distributor Ukrenergo was hit by another cyber attack on Thursday which used a computer virus different from one that hit Ukraine on Tuesday, said Ukrenergo’s acting head.…

The budget for the current fiscal year (March 2017-18) has allocated 80 trillion rials ($2.13 billion) to transportation projects, Deputy Minister of Roads and Urban Development Amir Amini said.…

Iran-China trade stood at $15.2 billion during the five months to May 21, 2017, registering a 41% increase compared to around $10.8 billion in the corresponding period of last year.

Eranico…

The average house price in Tehran reached 45.6 million rials ($1,216) per square meter, marking a year-on-year increase of 5.4% during the month to June 21. 

The price hike came as…

Shaparak, Iran's domestic payment network, latest data shows that more than 79.5 million bank cards have been used at least once during the month that ended on May 21.  1

In what was another auspicious development for Iran, Euler Hermes has offered to cover Iranian projects, which move is expected to ease the flow of investment into Iran and enhance the country’s…