Economy

Iran’s Minister of Communications and Information Technology, Mahmoud Va’ezi, and Turkey’s Minister of Customs and Trade, Nurettin Canikli, in a meeting held in Tehran on Tuesday, emphasized the…

The value of commercial transactions between Iran and Britain reached over 133 million euros (about $150 million) between January and October 2014, showing a 36 percent rise compared to the same…

As many as 4,000 shareholders of iron ore mines have signed a petition to the president’s office, asking President Hassan Rouhani to personally intervene the controversial mine royalties issue,…

Dumping of cheap steel by China is threatening Iran's steel industry and can cause irreparable damage if not dealt with promptly, warned the deputy chairman of the Iranian Steel Producers…

The central bank responded to criticism that it fell short of expectations on provision of free-interest loans to newly-weds.

In a statement released online on Monday, the bank rejected a…

Iran’s second largest mobile operator Irancell has announced it opened a new service center in Jahrom, Fars Province.

The center was opened in the presence of the company’s supply and…

Bank Mellat is offering Qeshm islanders special cards to provide better banking and identification services to the islanders.

Qeshm Free Zone authorities are cooperating with Bank Mellat in…

On Jan. 27, Iran’s ambassador to Russia, Mehdi Sanaei stated that the two countries are well on their way to offering visa-free travel for citizens of both countries by the end of 2015.

The…

The recent $1.2 billion payment by the Central Bank of Iran, to the administration is “common procedure and has unjustly been blown out of proportion,” CBI Governor Valiollah Seif said on Tuesday…

Interbank bank data services between provinces will go offline for a week from Wednesday, for infrastructural changes in the network.

Four-hundred and ten mineral and industrial projects will be inaugurated on the 36th anniversary of the 1979 Islamic Revolution (February 11, 2015), Mehrnews reported. The projects, worth 51.24…

Head of Iran’s Gold, Jewelry, Silver and Precious Stones Producers and Exporters Association, Ebadollah Mohammad-Vali says Iran’s gold and jewelry industry could play an effective role in…

The Iran Mercantile Exchange (IME) featured copper wire, copper cathodes, aluminum ingot, and various types of I-beams offered by local suppliers on the industrial and mining trading floor on…

Crude steel production in Iran registered a 6.1% growth during the first nine months of the current Iranian calendar year (ending March 20) compared with the similar period last year, according to…

Stocks at Tehran Stock Exchange (TSE) wavered between gains and losses on Monday’s trading; with unsettled investors remaining cautious amid ongoing lingering ambiguities surrounding the economy…

The minister of industry, mine, and trade, Mohammad-Reza Nematzadeh on Monday called for reducing the export of raw unprocessed copper, noting that it deprives the country of value added.

Bank Sepah has lost a considerable amount in deposits since it reduced fixed interest rates on deposits to the levels set by the Central Bank of Iran a couple of months ago.

Banks shall be required to set up special databases that would make it possible for authorities to have a closer look at banking operations, members of the parliament’s economics committee decided…

Years have elapsed since leasing firms got a foothold in Iran. Statistics indicate that around 600 companies under different names are operating in Tehran and all around the country while the…

B anker magazine recently covered an article on the use international debit cards in Iran, with the history of when their use was prevalent in society and where their usage stands today.

State-owned Iran Insurance Co. is expanding its activities in the petroleum industry as it fills the gap left by the inaccessibility to foreign insurers due to sanctions against Iran’s nuclear…

To avoid a shock in the real estate market, the Central Bank of Iran will not urge banks to provide mortgages worth 800 million rials ($29,000 at official exchange rate), CBI credit manager, Ali…

The value of ‘suitcase trade’ – purchasing consumer goods where prices are low and later selling them elsewhere for profit – in the first ten months of the current year (March 21-January 20) stood…

More than $2 billion worth of clothes have been illegally imported during the first nine months of the current year (March 231- December 21), while legal import stood at $6 million during the same…

Transactions in the housing sector have been on the rise in winter, head of the real estate union, Hesam Oghabie told Mehr news agency on Monday. “In the first week of the second month of winter,…