Economy

Measures adopted by the government of President Hassan Rouhani to fight corruption and bring about structural reforms are unprecedented in the Islamic Republic of Iran’s history, a prominent…

Iran is the world’s third largest producer of cherry after the United States and Turkey, says the director of Oshnavieh County’ Agricultural Jihad Organization in West Azarbaijan Province.

Iranian police have confiscated 120 containers of contraband carrying toys, glass dishes, auto parts and home appliances worth more than 1,900 billion rials ($54.28 million at market exchange…

Since the beginning of the current Iranian year (March 20, 2016), the government has purchased more than 7.8 million tons of wheat at a total price of 100,000 billion rials ($2.85 billion at…

The Iranian government has announced a new measure to support the production of indigenous mobile messaging applications in the face of tough competition from foreign counterparts.

All villages with over 20 households will have access to the Internet, the minister of communications and information technology said on July 18. Mahmoud Vaezi made the statement as President…

Britain's ARM electronic chip manufacturer said it did not consult its partners such as Apple, Samsung and Qualcomm that use its technology in billions of chips before agreeing to a $32 billion…

Nintendo on Tuesday shot past Sony in market value after the videogame giant's stock more than doubled since the release of the wildly popular Pokemon Go game.

The Pokemon franchise creator…

Interest rates will continue on the downward slope but it is unclear how much further down it will go, the they will go, the CEO of the Bank of Industry and Mine said Monday.

Now that the minimum capital requirement for offshore banks has been raised, opinions are growing that promoting healthy competition among domestic banks in the free zones and attracting foreign…

Abbas Araghchi, the deputy for legal and international affairs of the Foreign Ministry has announced that all of Iran’s frozen assets have been freed. The Central Bank of Iran now has full access…

The governor of the Central Bank of Iran says an increase in the central bank’s assets is the main reason behind the surge in liquidity during the last fiscal year (ended March 19).

In a…

Iran’s expectation of a big economic boom through “economic recovery” after the lifting of sanctions has not been realized yet.

The Sarakhs border crossing, located in the northeastern Khorasan Razavi Province on the border with Turkmenistan, has begun to operate 24/7 to help facilitate exports to the neighboring country,…

The parliament has approved the bill for the establishment of the so-called Transportation Development Fund to provide sustainable financial resources for expanding transportation infrastructure…

Iran has expanded its search for aircraft and is looking to order dozens more jets while it continues to try to overcome hurdles to deals worth some $50 billion with Airbus and Boeing, Reuters…

Economy Minister Ali Tayyebnia left Tehran for Nairobi on Monday morning to attend the 14th session of the United Nations Conference on Trade and Development on July 12-22.  The event, themed…

Iran is the leading iron ore and direct-reduced iron producer, and the second biggest steelmaker after Turkey in the Middle East and North Africa region, the US Geological Survey reported in a…

Iran exported more than 2,000 tons of carpets worth $66 million during the first quarter of the current Iranian year (started March 20), the head of Iran’s National Carpet Center said.

“The…

The 14th International Exhibition of Kitchen, Bath, Sauna and Pool Industries and Equipment opened in Tehran on Monday.

Tehran Stock Exchange’s main index inched up by 2.10 points or less than 0.01% to end Monday trade at 74,196.9.

More than 950 million shares valued at $58.9 million were traded for the day…

Close to $8.7 billion worth of non-oil commodities were exported from Shahid Rajaie Port in the southern Hormozgan Province during the first three months of the current Iranian year (started…

A total of 1,067 vehicles worth $17,094,672 were imported from France, of which 1,062 were produced by Renault in the first two months of the current Iranian year (started March 20).

New loans worth 10 to 30 billion rials ($285,000 to $857,000) from the government can help remove some of the problems facing manufacturers, said the deputy minister of industries, mining and…

SAIPA, Iran's second largest carmaker, aims to establish joint ventures with several foreign counterparts.

In an interview with Persian Khodro, Mehdi Jamali, SAIPA's CEO, said a contract…