Economy

Iran accounts for $1 billion of Turkmenistan’s total imports worth $8 billion per year, said the deputy minister of industries, mining and trade.

Iran is willing to expand cooperation with countries that supported Iran during the sanctions including China, said Central Bank of Iran governor, Valiollah Seif, in a meeting with China…

Minister of Economy Ali Tayyebnia on Tuesday appointed Mohsen Pourkiani to head of Iran Insurance Company. The move comes after IIC’s former head Abbas Husseini stepped down, the ministry’s…

Mohammad Reza Hosseinzadeh, head of the Coordination Council of Public Sector Banks, announced that the implementation of new one-year deposit rates and short-term deposit rates officially came…

Lower deposit rates will have an immediate effect on the real estate market pushing up demand and boosting investment in the key sector, an economist familiar with the market says.

In a report on ‘Barriers to Eliminating Usury from Iran’s Banking System and Corrective Measures’, the research arm of the Central Bank of Iran – the Monetary and Banking Research Institute – has…

Bank Maskan, Iran's main housing bank, has lowered the interest rate of its mortgages by two percentage points in a bid to help pull the dull property market out of stagnation.

The move…

Tehran Stock Exchange’s main index TEDPIX gained 184.20 points or 0.25% on Tuesday to end trade at 72,799.2.

Close to 930 million shares valued at $50.4 million were traded for the day.…

The success of the latest edition of Germany’s specialized exhibition for the machine tools and metalworking sector known as “AMB Iran” has prompted organizers to start planning the next event in…

Iranian steel mills produced 3.1 million tons of crude steel in the first two months of the current Iranian year (started March 20), which indicates a 5.6% rise over last year’s corresponding…

Turkey will not remain Iran’s main transit route to Europe unless security is restored to the country, said the director general of Iran Road Maintenance and Transportation Organization’s Transit…

South Korean, German, Italian and French banks will soon start funding domestic mining projects, the president of Iranian Mines and Mining Industries Development and Renovation Organization…

The International Institute for Applied Systems Analysis has inducted Iran as its 24th member state.

Researchers at Sharif University of Technology have optimized bio solar cells with the help of protein in jellyfish at a laboratorial scale to replace the older generations of solar cells.

No one likes going to the doctor, so the popularity of online medical sites should come as no surprise.

According to Gizmag, Google is making efforts to return more relevant and trustworthy…

The Iranian Space Agency has announced plans to build satellites and place them into the geosynchronous equatorial orbit in the next 10 years.

GEO is a circular orbit 35,786 kilometers…

The groundwork has been laid for launching three joint research projects with European Union countries, said the minister of science, research and technology. Speaking in a conference in Kashan…

Iran’s Innovation and Prosperity Fund has lifted the cap for financing knowledge-based companies from 200 billion rials ($6.5 million) to 300 billion rials ($9.8 million).

Behzad Soltani,…

The government has purchased more than 4.2 million tons of wheat worth over $1.5 billion from local farmers since the beginning of the harvest season in early April, which indicates a 20% increase…

Some 200,000 head of livestock produced by Iran’s nomadic tribes were exported in the first two months of the current Iranian year (started March 20), according to the head of Iran’s Nomadic…

The lifting of sanctions on Iran creates both opportunities and risks for the Turkish economy, according to the head of Turkey’s Foreign Economic Relations Board known by its Turkish acronym DEIK…

Iran and Ukraine surveyed ways of expanding cooperation in a wide range of sectors, including agriculture, aviation, chemicals and banking, in a meeting held in Tehran on Sunday. The meeting was…

The construction of Tehran-North Freeway, which is to connect Tehran to the city of Chalous in northern Mazandaran Province, requires 80 trillion rials ($2.3 billion at market exchange rate),…

The government needs to support the domestic textile industry by offering cheap loans to manufacturers.

The statement was made by Ahmad Kimiaei-Asadi, a member of Tehran Chamber of Commerce…

Japan’s Sumitomo Mitsui Bank is opening letters of credit for traders willing to work with Iran in cooperation with Saman Bank. The credit is available only in yen for Japanese entities, Saman…