Economy

Iranian banks have no plans to further lower interest rates until the end of the current fiscal year that ends on March 20.

If the decision made by the Cabinet to change Iran’s monetary unit is implemented, Iranian banknotes will also undergo changes, a deputy governor of the Central Bank of Iran said.

Iran’s Economy Minister Ali Tayyebnia has called for the expansion of Iran-Czech banking relations during a meeting with Governor of Czech National Bank Jiri Rusnok on Thursday in Prague.…

A new publication by the UK’s National Society for the Prevention of Cruelty to Children (NSPCC) says that social media is fueling a nation of “deeply unhappy” children due to self-harm.

Data from the Ministry of Communications and Information Technology shows that up to September 21, the total number of SIM cards sold in Iran was an estimated 160 million, 78.6 million of which…

The Islamic Republic of Iran has developed the science and technology skills necessary to be a global player in more than oil and gas but needs to invest more in innovation to compete effectively…

During a recent visit to Iran, a delegation from Moscow-based Kalibr Technology Park signed a memorandum of understanding with the Fars and the Khuzestan technology parks, according to a report…

The government has approved changing Iran’s monetary unit from rial to toman, which will lop off one zero from the current national currency rial.

The decision was made when ratifying the…

The Central Bank of Iran’s grand plan to overhaul its financial oversight regime is almost complete and will be unveiled soon, announced the bank’s governor.

“The plan to overhaul CBI’s…

The new type of financial statements adopted by the Central Bank of Iran has done nothing to cause Iranian banks’ profit woes, says the director of CBI’s Department for Supervising Banks and…

The Iranian government has issued the permission for taking a loan from Russia during the Cabinet meeting on Wednesday. The money would be spent on the development of infrastructure projects,…

Seafood exports in the current Iranian year (to end March 20, 2017) are estimated to exceed $380 million to register an 8.5% increase compared with last year, according to the head of Iran…

The domestic production of chicken and red meat is sufficient to meet about 90% of Iranian needs, says the managing director of Poultry Producers Union. “Local producers have the potential to…

Over 11 billion cubic meters of water flow out of Iran’s borders every year and a plan is afoot to prevent this water loss, a deputy agriculture minister said. “The ministries of agriculture and…

Russia’s defense manufacturer Almaz-Antey and Iran’s Shiraz Electronics Industries have signed a cooperation agreement, the press service of the Russian company reported on Wednesday.

The average goods and services Consumer Price Index for rural areas in the 12-month period ending November 20, which marks the end of the Iranian month of Aban, reached 7.3% compared with last…

The Iran-Armenia Economic Commission agreed to boost bilateral trade.

The commission, which was co-chaired by Iran’s Energy Minister Hamid Chitchian and Armenian Minister of Energy…

The city of Astrakhan in southern Russia is hosting the Industrial Trade Exhibition of Iran, otherwise known as “Iran Project”.

The event opened on Wednesday and will run until December 9…

Telecommunications devices account for up to 12% of all the goods smuggled into Iran, says the head of Tehran’s Telecoms Guild, adding that the smuggling of cellphones alone stands at $2 billion…

The length of Iran’s double-tracked railroads will reach 1,300 kilometers by the end of Hassan Rouhani’s presidency, says newly-appointed CEO of the Islamic Republic of Iran Railways, Saeed…

Iran Privatization Organization will reoffer 16.75% equity stake of Esfahan Steel Company on the over-the-counter Iran Fara Bourse on December 19.

The block sale comprises 1.31 billion…

Trading has picked up on Tehran Stock Exchange despite its flat performance so far this year, according to TSE’s chief executive.

“Returns are not the only criteria for reviewing the stock…

Iran’s Foreign Minister Mohammad Javad Zarif arrived in Tokyo on the last leg of his three-nation tour of Asia on Tuesday night.

On Wednesday, he attended Japan-Iran Business Forum at the…

One-fifth of the companies listed on Tehran Stock Exchange raised equity this year.

One-hundred and four of the 506 companies listed on TSE have increased their capital during the first…

Iranian Mines and Mining Industries Development and Renovation Organization in cooperation with the Geological Survey of Iran plans to survey the country’s mineral-rich zones to design maps on a 1…