Economy

The 13th meeting of Iran-Russia Economic Commission will be held in Tehran on December 13. 

The two sides will survey ways of enhancing bilateral cooperation in a wide range of fields…

The US dollar was sold for 39,500 rials in Tehran market on Sunday to mark a 2.4% growth compared with the previous day’s close of 38,600 rials. 

Reports suggest some moneychangers had…

New Zealand Trade Minister Todd McClay emphasized the development of business and banking relations with Iran following the lifting of sanctions in January, saying his presence in Iran shows how…

ERGO Group, one of the largest insurance groups in Europe, is keen on entering Iran’s insurance market, Alexander Ankel

Parsian Bank has finalized plans to launch 137 new branches across the country, said Kourosh Parvizian, the bank’s chief executive, noting that his bank currently has 313 branches.

The Central Bank of Iran will issue a new foreign exchange directive in the foreseeable future in line with its new forex policies, the bank’s governor said.

Unprocessed decorative stone exports will be slapped with a 5-15% tariff as of the next Iranian year (starting March 20, 2017), a deputy minister of industries, mining and trade announced on…

There is a mismatch between Iran’s steelmaking capacity and steel demand at present.

A number of obstacles must be overcome for its steel industry to reach its true potential, reads an…

Several Slovenian companies, including air domes manufacturer Duol and Iskratel Telco, have signed deals worth €10 million with Iranian partners at the Slovenian-Iranian Business Conference in…

Tehran Stock Exchange’s main index gained 4.90 points or 0.01% to end Sunday trade at 80,063.7.

More than 711 million shares valued at $49.1 million changed hands for the day.

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More than 600 million mobile devices worldwide will include biometric authentication within the next five years, up from 190 million in 2016, with demand for methods that involve less hardware…

The Minister of Communication and Information Technology Mahmoud Vaezi visited Azerbaijan’s International Telecommunications and Information Technologies Exhibition and Conference, known as…

Scientists have developed a new way to use diamonds to convert old nuclear waste into long-lasting usable batteries, according to a research publication in the United Kingdom. 

New data released by Dyn Research Corporation says that 53 internet networks in Iran had a momentary outage on December 3, hampering the first day of the Iranian business week. The Telecoms…

The government aims to promote competition in the insurance industry, the economy minister said at an annual event held to mark National Insurance Day on Saturday.

"We are looking to make…

Iranian private lender, Bank Sina, has opened an account in Switzerland’s BCP, which allows Sina to transfer euro and Swiss franc. According to a press release released on Sina’s website on…

Export Guarantee Fund of Iran, the state-owned export credit agency, will start offering insurance coverage for fluctuations in foreign exchange rates, mainly to support Iranian exporters, said a…

The US dollar swelled yet again in Tehran’s foreign exchange market on Saturday, reversing its fall on Thursday.

The greenback started off at 38,000 rials at the market’s opening on…

Top officials from Switzerland’s Federal Department of Economic Affairs, Education and Research and State Secretariat for Economic Affairs are set to visit Tehran next week.

A dispute between the ministries of roads and industries over the import of freight wagons from Russia has recently grabbed headlines in the local media. 

In an open letter, Minister…

Foreign direct investment in Iran has been made easier, as Bank Mellat, one of Iran's largest lenders, has signed a contract with the Central Securities Depository of Iran to facilitate FDI in…

Plans are underway to build a chromite concentrate plant in Kerman Province, the managing director of South Kerman Industries, Mining and Trade Organization announced. “The plant will produce 20,…

Iran Chamber of Commerce, Industries, Mines and Agriculture hosted the Iran-New Zealand Economic Forum on Saturday. 

Present at the gathering were New Zealand’s Trade Minister Todd…

Telepizza, the leading pizza restaurant chain based in Spain, has announced its planned arrival in Iran as of March 2017 via a strategic master franchise alliance with its partner Momenin…

The number of people looking for jobs has risen by 20% over the seven months of the current fiscal year (started March 20), an official with the Ministry of Cooperatives, Labor and Social…