Economy

C entral Bank Governor Valiollah Seif is eying tourism industry as a source of foreign receipts, which could diminish the oil industry’s domineering role and help stabilize rial’s value.

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The much-anticipated “currency bourse” will be launched soon by introducing foreign exchange futures.

Mortgage-backed securities continued to lose value this week, prompting an increase in demand for them. The downward trend of these securities took the markets by surprise considering their…

The head of the Coordination Council of Public-Sector Banks defended the recent interest rate cut enforced by the Central Bank of Iran, saying current market conditions do not allow for…

Head of the Bureaux de Change Union sent a letter to economic officials, asking for reform in laws for bureaux de change operation and leniency toward the bureaux, after the central bank’s…

The role of branding in promoting domestic industries and enterprises was highlighted in the Third Brand Conference that opened in the city of Mashhad on Wednesday.

The effect of branding…

After the presidential election in June 2013, almost every investor in Tehran Stock Exchange was waiting for Iran and P5+1 to reach an agreement, which would have consequently led to the lifting…

Iran and Kazakhstan plan to establish a free economic zone in the Caspian Sea with firms engaged in oil and gas and energy technologies.

This was announced at a meeting held between Rabi’…

Tehran Stock Exchange wrapped up a seesaw trading week in red, with TEDPIX notching down 485 points or 0.84% in the week that ended August 19 to stand at 65,218.3.

Trade value at Iran Fara Bourse during the week that ended August 19 rose 45% compared to the prior trading week. However, more than 597 million securities were traded to post a 59% retreat in…

Iran is one of the crucial countries for Armenia. This became apparent when Armenia declared independence after the collapse of the Soviet Union. Azerbaijan and Turkey shut down their border gates…

An Iranian trade delegation led by head of Tehran’s Chamber of Commerce, Industries and Mining and Agriculture, Masoud Khansari, is scheduled to visit the Romanian capital, Bucharest on September…

Iran will produce one ton of caviar this Iranian year (started March 21), said managing director of Propagation, Breeding and Exports of Aquatics Union Arsalan Ghasemi, adding that a kilogram of…

More than 106,000 tons of goods worth $31 million were exported from Lorestan Province during the first four months of the current Iranian year (started March 21), which indicates 1% growth in…

A social media campaign dubbed “Made in Iran” has recently gone viral among Iranian internet users in which they are asked to share the names of five top domestic commodities and services as well…

A memorandum of understanding to facilitate border trade was signed between Iran’s Sistan-Baluchestan Province and Pakistan’s Balochistan Province at the conclusion of the third session of Iran-…

Ukraine is to initiate cooperation with Iran, including in production, as sanctions against Tehran over its nuclear energy program are being phased out, said Ukraine’s Economic Development and…

The Islamic Republic News Agency has recently released its mobile news applications in English and Arabic. Following the release of IRNA's Farsi application last September, the apps are now…

The digital startup event called Seedstars World will be held in the Iranian capital this week.

The event is returning for a second time to Tehran to identify the next big digital startup.…

One of Iran's leading business accelerators, Avatech, has released a public call for startups to register for the third cycle of the company's accelerating program.

In the third cycle, 20…

MTN-Irancell, the second largest mobile telephone network, has announced the launch of a new service center to cater for Azeri-speaking people, a first such initiative in the Islamic Republic.

Iran plans to build two new satellites, said Iranian Minister of Communications and Information Technology Mahmoud Vaezi.

"A telecommunications satellite will be ready in three years while…

As Iran eyes an investment boom following July’s nuclear agreement which is expected to remove the economic sanctions imposed by the US, EU and the UN Security Council over Tehran’s nuclear…

A memorandum of understanding has been signed between the government and the private sector for building a copper concentrate plant in Kerman Province.

Close to 160,000 tons of various commodities, including 110,000 tons of granulated iron ore, were offered on Iran Mercantile Exchange for export on Wednesday.