Economy

Eighty-five percent of the cell-phones in the domestic market are smuggled into the country, Abdolmajid Ejtehadi, head of the Headquarters for Combating Smuggling of Goods and Foreign Exchange…

Tehran and Ankara are working on a plan to use their national currencies in their trade exchanges, Iranian Ambassador to Turkey Alireza Bigdeli said on Sunday.

Thirty percent of machine-made carpets are exported to countries like China, Canada, and Afghanistan, Mohammad Hadi Kamalian, the head of carpet exporters union said in a news conference on Monday…

The industrial and mining sectors in Iran registered a 6% growth in the first half of the current Iranian year, after having recorded negative growth for two consecutive years, according to the…

The Iranian Hafiz Darya Shipping Company (HDS Lines) has been listed as the world’s 23rd largest shipping company in the latest report published by a leading Europe-based research organization…

The Iran Mercantile Exchange (IME)’s secondary market played host to 60,000 metric tons of used oil, 167 tons of scrap armatures, and 4 tons of barrels, which were offered by Islamic Republic of…

Tehran Stock Exchange (TSE) appeared to be rebounding with a steady early morning rally on Sunday; however, some of the gains were capped as the benchmark retreated at the end of trading hours.…

More than 400 companies from Iran and 18 other countries, especially from Europe, will attend the 13th International Exhibition of Accessories, Furniture’s Machinery and Equipment, and Related…

Head of Iran’s Judicial System has agreed to the establishment of a prosecutor’s office that would only attend to financial and monetary cases in Tehran, Banker reported, citing Abbas Jafari…

The Rouhani administration has paid in cash parts of the debt of the previous administration to lenders. Payment in cash is unprecedented as governments usually pay their debt by transferring…

M utual funds will be exempt from all taxes and duties from March 21, the parliament decided, as a means to boost the investment industry.

The bill which was ratified by the parliament is…

The number of bounced checks has been increasing in recent months and at the end of the first nine months (December, 21, 2014) more than 4.5 million checks reportedly bounced, showing a 20.4…

All domestically-made gold and jewelry artifacts are now sold with certificates of authenticity, head of the National Gold and Jewelry Union (NGJU) said on Sunday.

Iran’s released assets are under full central bank control, said the bank’s deputy governor, and having the funds abroad makes it easier to use.

At a recent meeting of women small business owners in central Tehran one new businesswoman mentioned how she has struggled to find small business loans to fund her new enterprise. This…

The First International Coffee and Tea Exhibition will be launched in Kish International Exhibition Center on January 30, Ariya Hamidi, the exhibition organizer told IRNA on Sunday. Hamidi…

Deputy Minister of Cooperatives, Labor and Social Welfare, Hamid Kalantari, said on Sunday that the government is to allocate 5,500 billion rials ($159 million) in the next year budget to…

First Vice President Es’haq Jahangiri will inaugurate the 3rd development phase of Shahid Raja'ee Port today, the Port and Marine Administration of Iran reported on Sunday.

Bureaucratic procedures are a major deterrent to Iranian expatriates willing to invest in Iran, said Chairman of High Council on Iranian Expatriates Affairs Javad Ghavam-Shahidi on Sunday, adding…

It is not time yet to allow the Justice Shares to be traded in stock exchanges, Pouri Hosseini, head of Iranian Privatization Organization, said earlier this month, adding that this situation will…

Paper prices are poised to rise in the run-up to the new Iranian calendar year (starting March 21),  Secretary of Paper and Paperboard Syndicate Taher Shobeyri told ISNA yesterday. Explaining…

Up to 190 metric tons of saffron have been produced in the current Iranian year (ending March 20) and the export level has increased by 22 percent, Secretary of National Saffron Council Farshid…

Iran is no longer using the US dollar in its foreign trade as direct exchanges are used with its main trading partners, according to the Central Bank of Iran’s deputy governor.

Bank Tejarat, an Iranian commercial bank, will pursue legal action until its European assets are released, said a bank’s top official on Saturday.

The bank official’s statement came after…

The ministry of economic affairs and finance has recently released an official report clarifying that Tehran Municipality is in debt to the banking system by several trillion rials. The report…