Economy

Close to 20 million tons of clinker–the main material used in the production of cement–are currently stored in warehouses due to shrinking demand, said managing director of Lamerd Cement Company,…

Iran’s Customs Administration has levied an average of 18.8% duty on imports in the current Iranian year (started March 21, 2015), according to the Trade Promotion Organization of Iran.

To improve political and economic relations, Slovenia will reopen its embassy in Tehran by the end of January, declared the European country’s visiting Minister of Economic Development and…

Tehran Stock Exchange now has a market cap of 3.1 quadrillion rials ($83.7 billion at market exchange rate), according to its chief executive, Hassan Qalibaf-Asl.

His comment comes as TSE’s…

Certificates of deposit for gold mined out of Zarshouran will soon be offered on the Iran Mercantile Exchange, according to its chief executive, Hamed Soltaninejad.

Zarshouran is Iran’s…

The government makes a paltry 6% of its tax revenues from private businesses, says chief of the Iranian National Tax Administration, Seyyed Kamel Taqavinejad.  The official added that INTA is…

Governor of Iran’s Zanjan Province, Jamshid Ansari, met with India’s Minister of State for Commerce and Industry Nirmala Sitharaman in India’s Andhra Pradesh State on Monday to discuss ways of…

The 23rd international exhibition of lighting products is being held in Tehran’s International Fairground. The four-day event will ends on Wednesday. More than 150 domestic and foreign companies…

In a matter of weeks, the international community is expected to lift many sanctions that have crippled the Iranian economy for decades.

But US companies won’t find Iran very open for…

German businesses are looking forward to investing in Iran’s infrastructure and transportation sectors, said former German chancellor, Gerhard Schroeder.

Schroeder, who is leading a 27-…

The Russian agricultural watchdog Rosselkhoznadzor says it has received assurances from Iran that the country would take all measures possible to prevent “banned Turkish products disguised as…

Iran’s state TV broadcaster IRIB3 has been broadcasting video content downloaded from well-known blocked movie websites, according to a new report.

The movie, “Saving General Yang”, was…

Telegram Messenger, the most popular messaging platform in Iran, has now been intermittently blocked in Saudi Arabia, according to a new report.  Pavel Durov, the Berlin-based Russian creator…

To support newly-founded Internet-based businesses in the area of information and communication technology, a new roadmap will be prepared to detail the methods for providing them financial…

A spokesman of Afghanistan's Ministry of Communications and Information Technology has announced that his country has signed an agreement with the Islamic Republic to buy Internet services from…

Minister of Communications and Information Technology Mahmoud Vaezi said Iran’s Internet bandwidth has grown 3.5x in two years and hit the capacity of 276 GB per second data transfer rate.

…

The Industrial and Commercial Bank of China (ICBC) is to help Iran finance and treasury operations, Hussein Yaqoubi, Central Bank of Iran’s deputy for international affairs said on Monday. Bank…

As Iran gets ready for a period of normalcy after the lifting of international sanctions later this week, the key private sector Tehran Chamber of Commerce is busy holding a series of meetings to…

Governor of the Central Bank of Iran, Valiollah Seif, announced his bank has developed a blueprint for self-reform as part of the central bank’s measures to prepare for the post-sanctions era.

Iranian lenders should be prepared to issue letters of credit as this week’s lifting of sanctions will put an end to limitations in the way, Majid Takht Ravanchi, deputy minister of foreign…

Close to 50,000 tons of goods were exported from Sarakhs Special Economic Zone located in Khorasan Razavi Province from March to December 2015, indicating a tenfold surge compared to last year’s…

It is up to the government to decide on the future of Saudi-invested vegetable oil company Ladan in Iran, says the secretary of Vegetable Oil Association. Abolhassan Khalili added that among…

Iran and Belarus see potential for cooperation in the mining sector, says the European country’s ambassador to Iran. Victor Rybak added that industrial machines and petrochemicals constitute half…

Cooperation with Slovenia would help resume trade with Europe given the ideal geographical location of the country at the crossroads of main European trade routes and its access to [Adriatic] Sea…

Iran can simply replace the UAE with Oman in foreign trade, thanks to the high potential of Iranian ports, said former president of Tehran Chamber of Commerce, Industries, Mines and Agriculture.…