Economy

Two measures must be taken to end the lingering recession in the housing sector, said the secretary of Builders Association–a guild establishment that works in coordination with policymakers in…

For centuries, letters of credit have been a useful commercial instrument in global markets, facilitating trade not only for merchants but for governments, banks and financial institutions. In…

Enumerating the achievements of President Hassan Rouhani’s trip to Oman, the governor of the Central Bank of Iran announced that the country has no assets blocked in the Persian Gulf state.…

The total volume of term deposits in the Iranian banking system reached 9,605.5 trillion rials ($251.78 billion) by the end of the third quarter of the Iranian fiscal year (…

Iran has agreed to design and build industrial townships in a number of provinces in Iraq.

The deal will help unlock investment from within the war-torn country, Iran’s Minister of…

Iran accounts for 20% of Iraq’s $600 million import market for dairy products, according to managing director of Food, Agriculture and Pharmaceuticals Holding of the Civil Servants Pension…

An Azerbaijani business delegation, headed by Economy Minister Shahin Mustafayev, will visit Iran on February 22-24, Azerbaijan Export and Investment Promotion Foundation reported. The…

Minister of Roads and Urban Development Abbas Akhoundi’s impeachment vote is slated for Sunday, Iranian Parliament Speaker Ali Larijani said. 

This is the second time Akhoundi is…

A draft law that proposes the establishment of new border gates between Turkey and Iran was approved by the Turkish Grand National Assembly on Wednesday.

According to the draft law, two new…

Iranian cooperatives exported $2 billion worth of goods during the 10 months to January 19, 2017, according to deputy minister of cooperatives, labor and social welfare, Seyyed Hamid Kalantari. “…

A delegation from Iran’s Alborz Province met with Armenia’s deputy minister of economic development and investments, Emil Tarasyan, in Yerevan on Thursday to explore ways of improving bilateral…

Before the platters of roast lamb and fragrant rice were served, visiting executives squeezed into the front room of the Swedish ambassador’s home in Tehran to applaud ambitious plans to restore…

Buying activity in the Iranian flat steel market has continued to slow over the past week, as customers are still unwilling to purchase foreign material, Metal Bulletin reconfirmed on February 15…

Tehran Stock Exchange’s main index gained 397 points or 0.5% for the week that ended February 15 to close at 77,190.

TEDPIX snapped its downward trend after three…

Iran should invest in the Iraqi cement industry to have a sustained share in the neighboring market, the head of Iran-Iraq Chamber of Commerce said.

Iran aims to export 20 to 25 million tons of steel annually by 2025, it said in an official statement on Wednesday, up from a previous goal of 10 million tons.

Tehran has sought to boost…

Khorasan Steel Complex is in the final stage of a production expansion project and on its way to commission its second steelmaking unit.  The project will help the company strengthen its…

Echodyne, a radar array startup with investors including Bill Gates, his Microsoft cofounder Paul Allen’s Vulcan Capital, and Seattle’s own Madrona Ventures, just made what the company considers a…

Traffic police have sent a warning to ride hailing companies operating in Iran in what could be the latest push attempt to shut down the two biggest operators of the new and seemingly popular taxi…

Intelligent transportation and gas meters can be read on a phone: the Internet of Things is heading for Iran thanks to a deal announced February 16. Internet of Things (IoT) applications allows…

Chinese telecom equipment maker ZTE Corp warned on Tuesday that penalties it expects to incur for allegedly breaking US sanctions against Iran could impact its results.

Grounds have been prepared for unifying the foreign exchange rates, which will finally be accomplished "when macroeconomic conditions are agreeable", vice governor of the Central Bank of Iran said…

A new bank will be established with 100% Iranian share in Azerbaijan, Iran's Central Bank Chief Valiollah Seif said.

Interest rate cuts will be postponed until after the presidential elections in May, claims a bank chief executive.

The government has approved a proposal for setting the minimum capital required for establishing insurance firms during a Cabinet meeting on Sunday.

The measure also lowers the minimum…