Economy

Bank Melli Iran on Saturday installed a forex ATM machine in Imam Khomeini International Airport in south Tehran. The machine provides travelers with foreign exchange after scanning their passport…

The government has approved divesting 14% of its shares in Amin Re by the end of the current Iranian year (March 20), announced Amin Re’s chief executive.

Mostafa Kiaei also told a press…

Iran will stop using the US dollar as its currency of choice in its financial and foreign exchange reports from the new fiscal year that begins in March, announced the governor of the Central Bank…

As many as 11,232 small- and medium-sized enterprises have received an aggregate of 79 trillion rials ($1.97 billion) in loans during the 10 months to January 19, 2017, according to the chairman…

India’s trade with Iran is yet to be fully normalized even a year after the lifting of international sanctions on Tehran.

Two-thirds of the paper needed in the Iranian market come from foreign countries, therefore it is not logical to raise import tariffs, says Gholamreza Kateb, a member of Majlis Culture Commission…

US President Donald Trump’s recent travel ban applies to all Iranians, including traders, said the head of Tehran Chamber of Commerce, Industries, Mines and Agriculture, Masoud Khansari. …

 Chairman of the Majlis Commission for National Security and Foreign Policy Alaeddin Boroujerdi said Pakistan and Iran have agreed to expand cooperation between Gwadar and Chabahar ports for…

Tehran Stock Exchange’s main index lost 6.8 points or 0.01% to end Sunday trade at 77,707.3.

More than 753 million shares valued at $37.5 million changed hands for the day.

Iran Yasa…

While the standstill between Asian buyers and major suppliers of slab from Brazil and Russia persisted, news emerged about at least one booking of Iranian product taking place in Southeast Asia.…

Pakistan Cement Manufacturers Association is urging the Pakistani government to slap up to 20% of import duties on Iranian cement, claiming that Iranian producers are “dumping” the industrial…

Chadormalu Mining and Industrial Company’s iron ore reserves are expected to run out in a few years and the iron ore giant’s survival hinges on exploitation of new deposits. 

Cement trading will resume at Iran Mercantile Exchange’s board of exports in the Iranian month of Ordibehesht (April 21-May 21, 2017), the head of Cement Employers Association, Abdolreza Sheikhan…

Under a newly approved law, authorities in Kazakhstan will from this summer have the power to remotely disable mobile telephones that are not registered in a state database.

Officials say…

DigiKala, Iran’s largest e-commerce store, has had its iOS app removed from the Apple Store according to a new report from local technology blog techrasa.com. The blog surmises several reasons why…

Google, Apple and other tech giants expressed dismay over an executive order on immigration from President Donald Trump.

The US tech industry relies on foreign engineers and other technical…

MTN-Irancell, the partly South African owned second largest local mobile network operator, has announced a new service which enables users to have multiple SIM cards all paid from the same account…

The latest analysis of data by the research arm of the Iranian Parliament has revealed that the negative growth in the property market will persist all the way to the end of the current fiscal…

Roads, Housing and Urban Development Research Center (BHRC), affiliated with the Ministry of Roads and Urban Development, on Saturday signed an agreement with Korea Institute of Civil Engineering…

In the latest plan to increase the capital of Iranian public-sector banks, Bank Melli Iran will receive almost half the total amount considered for the plan, the bank’s CEO revealed.

Tejarat Bank has filed a lawsuit at the European Court of Justice (ECJ), seeking compensation for the losses it incurred during the sanctions that targeted Iran's nuclear program, the bank's CEO…

Iran Air has published the image of an Airbus A330, which is said to be parked in France’s Chateauroux-Centre “Marcel Dassault” Airport and painted in the flag carrier’s livery.

As decided by Majlis Joint Commission last week, Iranians with an annual income of less than 240 million rials ($6,220) will be exempt from paying income tax in the next Iranian year (March 2017-…

Global Trade Review plans to organize the Iran Trade Finance Conference in Tehran on April 19. 

An Iranian company has expressed readiness to invest $1 million in the construction of infrastructure for a free economic zone Armenia plans to build near the town of Agarak, not far from the…