Economy

Iran's banking sector will benefit from the relaxation in sanctions, but will remain in a state of near-crisis over the coming quarters, a report has forecast.

Economy Minister Ali Tayyebnia denied the government plays any part in the foreign exchange market on Wednesday.

“The government is not putting any pressure on the foreign exchange market…

The police are set to deal with unauthorized money exchangers in September.

According to Central Bank Governor Valiollah Seif, the district attorney is “pursuing unauthorized bureaux de…

The CEO of a public-sector bank has stricken back at the critics of the banking industry, saying that all lenders should not be “tarred by the same brush.” Abdolnasser Hemmati, CEO of Bank Melli--…

In a meeting with Azerbaijan’s Minister of Economic Development Shahin Mustafayev on Tuesday, President Hassan Rouhani said Iran’s neighbors, including Azerbaijan, have priority over other states…

The British Embassy and trade office in Iran will soon reopen, which will in turn help bilateral trade by $4 billion to $5 billion, said the head of Iranian joint chamber of commerce.

First Vice President Es’haq Jahangiri visited Golestan Province on Tuesday for the inauguration of a railroad linking the northern city of Gorgan with Incheh Borun on the border with…

Berlin-based Germania will launch premium-economy class flights on routes to Iran starting from September. The carrier operates services from Berlin Schoenefeld and Düsseldorf to Tehran, and from…

The establishment of an Iran-based joint chamber of commerce with US in the future is likely with regards to the fact that Americans have taken action to launch a joint chamber in Washington, says…

Plans are underway to triple non-oil exports in as many years, says Minister of Industries, Mining and Trade Mohammadreza Nematzadeh adding that Iran’s potential in exports is way more than the…

Iran produces high quality honey.  The flavor and color of Iran’s honey change from region to region, depending on the flora, climate, and nature of its terrain.

Forsat-e Emrooz daily…

Absence of international banks, insurances and lack of money transfer facility as a result of sanctions imposed by the US, EU and the UN Security Council over Tehran’s nuclear energy program have…

More than 1.16 million tons of iron ore worth $41.8 million were exported between June 22 and July 22, which marks the fourth Iranian month of Tir.

This indicates a 3.9% increase in terms…

Iran Mercantile Exchange played host to the trading of more than 1.69 million tons of various commodities worth more than $761 million in its spot market in July.

Irregular ups and downs at Tehran Stock Exchange are draining the equity market as more than 60% of listed companies pulled down the benchmark TEDPIX on Tuesday.

Both retail and…

Microsoft has bought a startup with a way of using game play to boost the sales teams' performance. Microsoft did not disclose terms of the deal in which it bought Incent Games, developer of…

Iranian researchers have produced the world’s third strategic metal using mining waste.

Iranian researchers at a Science Park in Markazi Province, central Iran, recovered slag from zinc…

Students from Sharif University of Technology ranked eighth at the 22nd International Mathematics Competition (IMC) for University Students in Blagoevgrad, Bulgaria.

Iran’s mathematics team…

Researchers of Iran's Royan Institute for Stem Cell Biology and Technology have reported great advancements for the treatment of children suffering from cerebral palsy and polio.

"They used…

Children as young as 10 can learn the basics of coding at a summer event named CodeKadeh planned in the Iranian capital Tehran.

German carmakers BMW, Audi (VW) and Daimler will pay around $2.75 billion to buy Nokia's maps business, a transformational deal that will help them to develop self-driving cars.

Daimler,…

Sony has launched the Xperia C5 Ultra and Xperia M5 camera-focused smartphones on Monday in India and announced that the new handsets will be available in single-and dual-SIM variants.

Both…

Export Development Bank of Iran managed to stand at 514th position among top 1,000 world banks, according to the latest ranking issued by the Banker magazine in July. Banks are ranked based on ‘’…

Bilateral cooperation between Zimbabwe and Iran has been hampered by Harare’s failure to settle its €16 million ($17.4 million) debt to Tehran.

A parliamentarian has called for fundamental reforms in the banking system, as commercial banks have been allocating more than half of their financial resources for non-banking business.