Economy

The Central Bank of Iran has responded to a media story accusing the government of monetary indiscipline.

A report titled “Record 157% Increase in Government Borrowing from Central Bank”…

President Hassan Rouhani’s administration is focused on revitalizing the beleaguered housing sector and its intermediate sectors to get them out of their years-long recession, the minister of…

The number for empty residential units in Tehran is not accurate, the head of Tehran Association of Realtors said. “A majority of empty homes are located on Tehran’s outskirts while homes…

Iran Air could take delivery of at least one new Boeing 777 aircraft in the next few weeks–the first new aircraft it will have received from the US company in decades.

It is estimated that between 180,000 and 220,000 tons of colza will be produced in the current Iranian year (started March 21) from 130,000 hectares of land, an advisor to agriculture minister…

Some $12-13 billion worth of goods are estimated to have been smuggled into the country over the past Iranian year (March 2016-17) down from $15.5 billion compared to the previous year,…

Close to $350 million worth of Iranian hand-woven carpets were exported in the last fiscal year (March 2016-17), registering a 27% increase, the head of Iran’s National Carpet Center said. “Our…

The government’s monthly grant of cash subsidies to families and individuals with limited resources who receive aid from the State Welfare Organization and Imam Khomeini Relief Committee will rise…

Buying activity in Iran’s flats market demonstrated some improvement after the New Year’s holidays, mainly amid buyers’ need to replenish stocks.

The rise in demand was seen mostly for the…

Investing in Iran just got a whole lot easier.

The Swedish government has allowed a blockchain startup to use a bitcoin account–as opposed to a traditional bank account–as a way to prove…

Underground mining for zinc sulfide is scheduled to begin at Angouran Lead and Zinc Mine in the Iranian month of Khordad (starting May 22), the mine’s managing director Mansour Shabani announced…

Economic development through tourism is contingent on protecting cultural and environmental resources.

A booming tourism helps preserve both the nature and culture, an independent operator…

Apple Inc is considering teaming up with its supplier Foxconn to bid for Toshiba Corp’s  semiconductor business, public broadcaster NHK said on Friday - the latest twist in the sale of the…

Fast food chain Burger King has been criticized by large swathes of the public following a 15-second advert which triggered Google Home devices to read out the ingredients and make-up of a burger…

The director of a recently-launched motorbike delivery app AloPeyk.com has claimed his couriers earn four times the average national income using the new internet based service. Mehdi Nayebi,…

President Hassan Rouhani paid a visit to the northern port and special economic zone of Amirabad on Tuesday to inaugurate a number of development projects and launch the construction of others…

Iran’s police force has launched a special protection unit for customs terminals across the country.

More than 3.25 million tons of products worth $1.28 billion were exported to the Iraqi Kurdestan from Iran’s border city of Qasr-e Shirin located in the western Kermanshah Province in the last…

Following rumors circulating on social media about Darugar Holding Company going off stream, the head of Tehran Industries, Mining and Trade Organization has dismissed the rumors as false.

The 13th International Exhibition of Construction and Civil Engineering, otherwise known as CEBEX 2017, is scheduled to be held on May 2-5 on the southern Kish Island’s International Exhibition…

Tehran Stock Exchange’s main index gained 24.60 points or 0.03% to end Wednesday trade at 78,132.4.

Close to 1.18 billion shares valued at $62.20 million changed hands for the day.

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Iran’s largest steelmaker Mobarakeh Steel Company sold over 4.71 million tons of steel products in the local market in the last fiscal year that ended March 20, registering a 42% growth compared…

India is pulling out all stops to operationalize the International North-South Transport Corridor with a dry run planned for Thursday.

While the total number of houses surpasses the number of Iranian households, millions of dollars are trapped in the form of empty residential units, the minister of roads and urban development…

According to data released by the Central Bank of Iran, the monetary base exceeded 1.7 quadrillion rials ($46 billion) for the 12 months to Jan. 19, registering a 17.3% increase year-on-year.