Economy

Bank Sepah CEO Kazem Choghazardi said Sunday shares of some companies affiliated to the bank have been offered to the public as part of efforts to curb non-banking activities prevalent in the…

Following the lifting of the sanctions in January, Iran has reached agreements with foreign banks worth $35 billion, according to deputy minister of economy, Mohammad Khazaei.

Khazaei added…

Bank Day and the Association of Construction Companies (ACCO) have signed a contract to expand cooperation.

In the signing ceremony Bank Day director Alireza Atefifar assured that his bank…

Bank Pasargad has lowered its one-year deposit rates to 16%. The bank’s previous one-year deposit rate was 18%. According to ILNA, there has been talk of other banks such as Parsian Bank doing…

Bank Melli Iran has been successful in reducing its non-performing loans, bringing them down to 8.6% in the previous year (ended in March) which counts as a record in Iran’s banking system, the…

Negotiations are underway with Italian companies to finalize contracts for the development of Mehrabad International Airport in western Tehran in addition to Tabriz International Airport in East…

Tehran Stock Exchange’s all-share index inched down 32.30 points or 0.04% to end Sunday trade at 74,817.8. Losses by oil refining companies, auto manufacturers and petrochemicals had weighed most…

Iran’s annual steel production is expected to reach 50 million tons by the end of the current fiscal year (March 20, 2017), said Minister of Industries, Mining and Trade Mohammad Reza Nematzadeh…

The subsidiaries of National Iranian Copper Industries Company, including Sarcheshmeh Copper Complex, Sungun Copper Mine and Miduk Copper Mine produced about 185,000 tons of copper concentrate…

Iran’s per capita chicken consumption stands at 26 kilograms a year, which is 11 kilograms more than the global average, according to the Ministry of Agricultural Jihad. Domestic chicken…

Iranian airlines have started to scrap their grounded planes to free up space at the airports across the country, according to Maqsoud As’adi, with the Iranian Airlines Association. Iran’s out-of-…

The removal of textile products from the list of items covered by Iran-Turkey Preferential Trade Agreement was an essential step, an official with Iran Chamber of Commerce, Industries, Mines and…

A total of 500,000 tons of pistachios will be produced by the US and Iran for the first time this year, says the president of Iran Chamber of Commerce, Industries, Mines and Agriculture.

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Iran and Italy are scheduled to hold a joint exhibition in Rome in November. Both Iranian and Italian companies are slated to take part in the upcoming event, which is aimed at promoting bilateral…

For the generation of Iranians now turning 30, Yahoo Messenger was their only form of rich media communication in the days of dial-up Internet, and the entire generational cohort was addicted to…

A team of researchers are currently working on a project to build Deep Brain Stimulation electrodes for treating Parkinson’s disease and different addictions, the head of Cellular and Molecular…

Sony is working on a new, higher-powered version of the PlayStation 4 console, but it will not be unveiled at the E3 gaming convention that begins on Monday.

Internet prices are expected to drop, following the latest enactments passed by Iran’s Communications Regulatory Authority Committee.

Headed by Minister of Communications and Information…

Iran and the International Bank of Azerbaijan have agreed on the outlines of a $500 million loan for the construction of Rasht-Astara railroad, said the deputy minister of roads and urban…

The chairman of Mehr Afarin brokerage firm says if interest rates are lowered to a certain degree, “we will witness a positive effect on the capital market and the production sectors”, but added…

The US Treasury Department’s Office of Foreign Assets Control (OFAC) has updated its list of Frequently Asked Questions (FAQs) relating to the lifting of certain US Sanctions under…

Bar unexpected major developments, the stability of the currency market is “guaranteed for the foreseeable future”, says Hamid Zamanzadeh, research director at the Monetary and Banking Research…

Iran Persia International Bank is now connected to TARGET 2 interbank payment system, a significant development for the country's banks after years of being isolated from the global banking…

Iran’s proven iron ore reserves are estimated to grow 50% to reach 4 to 4.5 billion tons by the end of 2016, according to Mehdi Karbasian, the head of Iranian Mines and Mining Industries…

Carnage overtook Iran's stock markets on Saturday. Shares on both the Tehran Stock Exchange and Iran Fara Bourse dropped, as panic overtook markets with some shares swinging as much as 8%.

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