Economy

The unexpectedly negative reaction of global markets to OPEC's decision on extending crude supply cuts into next year is temporary and prices will gain ground, says Iran's Oil Minister…

Governor of the Central Bank of Iran Valiollah Seif has confirmed the possibility of merging banks, saying it will help the financial statements of Iranian banks comply with international…

A number of positive factors in the housing sector heralds the end of the long-running recession and the beginning of a pre-boom phase in the key sector, the head of Tehran Association of Realtors…

The Iranian banking system will continue to support production and employment in the current fiscal year as it did last year, says the chief executive of Bank Melli Iran.”Even though it had been…

The lengthy saga of uncertified credit institutions and the drama surrounding them will come to an end by the end of the current fiscal year in March 2018, the Central Bank of Iran’s deputy for…

During the previous Iranian year (ended March 20, 2017), Bank Saderat Iran registered 74% growth in issuing foreign exchange guarantees and opening letters of credit, the bank’s CEO has announced…

As the Iranian banking system continues to grapple with the growing problem of sour loans, the governor of the Central Bank of Iran has urged lenders to direct the bulk of their efforts toward…

The US Treasury is reviewing licenses for Boeing and Airbus to sell aircraft to Iran, department head, Steven Mnuchin, said on Wednesday, telling lawmakers he would increase sanctions pressure on…

Iran and Syria signed an agreement in Damascus on Thursday to enhance economic cooperation.

A Syrian economic delegation led by Syrian Minister of Industry Ahmad al-Hamou is scheduled to…

The average goods and services Consumer Price Index for urban areas in the 12 months ending May 21, which marks the end of the Iranian month of Ordibehesht, reached 9.8% compared with last year’s…

Iran’s non-oil exports to South Korea saw a 230% rise in the last fiscal year (March 2016-17) compared with the year before to stand at $2.87 billion. The East Asian country became Iran’s fifth…

Export duties for sheep and goat unprocessed leather and pickled hide have been cut. The duty on raw sheep and goat leather has decreased from 50% to 30%. Sheep pickled hide export duties have…

Belarus and Iran have agreed on exchanging customs statistics on mutual trade, state-owned national news agency of the Republic of Belarus. A meeting between Chairman of Belarus’ State Customs…

Germany’s machine tool exports to Iran increased by 64% in 2016 compared with the year before to stand at €33 million, an executive director with the German Machine Tool Builders’ Association,…

The findings of the recent National Population and Housing Census show population growth in Tehran is mainly driven by a large influx of migrants, rather than a natural increase in population, i.e…

Iran's Industries, Mining and Trade Minister Mohammad Reza Nematzadeh said the government is targeting 15 million tons/year of steel exports during the sixth five-year development plan (ending…

Tehran Stock Exchange’s main index gained 802 points or 1% during the week that ended May 24 to close at 81,146.

IFX, the over-the-counter Iran Fara Bourse’s benchmark, lost 11 points or 1.…

Thailand has set definitive anti-dumping duties on the import of hot-rolled flat steel products such as coil and sheet from Iran.

The definitive duties contain minor changes when compared…

A majority of Iranians chose to place their confidence in President Hassan Rouhani once again, as they believed the path his government took over the past four years was the right one, a prominent…

The landslide reelection of Iran’s president, Hassan Rouhani, reflects the by now familiar pattern of continuity and change that has characterized Iran’s major elections over the last two decades…

The Iranian Central Plateau Iron Ore Mines Complex plans to produce 1.2 million tons of granulated iron ore by the end of the current fiscal year (March 2018), company manager, Mohammad…

Iran's Cultural Heritage, Handicrafts and Tourism Organization has targeted the construction of 20 four- and five-star hotels by the end of the current Iranian year (March 20, 2018).

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Google’s DeepMind AlphaGo artificial intelligence (AI) has defeated the world’s number one Go player Ke Jie.

AlphaGo secured the victory after winning the second game in a three-part match…

Telecommunications Company of Iran is pushing ahead with plans to develop the country’s fiber optic network, as well as the Internet Protocol infrastructure that goes along with super-fast…

The 6th International Innovation and Technology Exhibition (INOTEX2017) wound up on Friday with record crowds and local startups attending the event.