Economy

The Central Bank of Iran has eliminated another use of foreign currencies at official rates, announcing through a directive that as of the beginning of the current fiscal year on March 21,…

Foreign exchange rates continued to surge in Tehran's market amid confusion about the causes of the rally, as both Economy Minister Masoud Karbasian and Governor of the Central Bank of Iran…

Sustainable economic growth policies are often a broad spectrum in setting macroeconomic adjustments and maintaining the progressive trend without transferring the pressure or burdens for future…

Iranian miners paid 6.74 trillion rials ($134.87 million) in mining royalties to the government during the first 11 months of the last fiscal year (March 21, 2017-Feb. 19), indicating an 88.1%…

The government is intervening in the pricing of base metals in the local market, again.

At the behest of Industries Minister Mohammad Shariatmadari, his deputy Hassan Younes Sinaki has…

Tehran Stock Exchange’s main index lost 438.53 points or 0.45% to end Sunday trade at 96,341.3.

About 794 million shares valued at $32.70 million changed hands at TSE for the day.

Researchers at Qazvin Islamic Azad University have developed a firefighter robot that can withstand temperatures as high as 1,000º Celsius.

The use of robotic systems in firefighting is…

The US Department of Homeland Security is looking to build a media monitoring database. When some reporters objected, a DHS spokesman dismissed their concerns as fodder for “black helicopter…

After facing a barrage of criticism over the toxicity of its community, Twitter announced last month that it will try to more actively measure and combat bad behavior, with input from outside…

As the future of the Iran nuclear deal looks increasingly uncertain, European diplomats are hard pressed to find solutions that balance US President Donald Trump’s demands to “fix” the accord…

Atieh Damavand Investment Company is planning to sell an 8% stake in Insurance Industry Investment Company worth over 180 billion rials ($3.6 million) on April 11. 

The block share…

The third edition of ‘Iran Green Trade Fair’, also known as IGTF 2018, is scheduled to open on April 19.

Iran Airports Company registered 455,613 takeoffs and landings in the last Iranian year (ended March 20, 2018), which registers an 8% rise compared with the year before, the Ministry of Roads…

Some government officials and parliamentarians are unequivocal about expanding free trade zones. 

Last week, Morteza Bank, the secretary of High Council of Free Zones, announced the…

More than 1.85 million passengers were transported via railroads in Iran during the Iranian New Year holidays, known as Norouz, from March 16 to April 4. 

“The figure indicates a 10…

Iran traded 2.26 million tons of non-oil goods worth $1.17 billion with Pakistan during the 11 months to Feb. 19, registering a 13.52% and 5.45% growth in value and tonnage respectively compared…

The Iran National Tax Administration earned about 580 trillion rials ($11.6 billion) from value added tax in the last fiscal year (ended March 20, 2018), registering a 20% rise compared with the…

Iranian Foreign Minister Mohammad Javad Zarif has expressed the country’s readiness to export medical services to Azerbaijan’s autonomous republic of Nakhchivan.

Iran, India and Russia have resumed talks on activating the International North-South Transport Corridor that will cut freight time to Europe by half and bring down cost for the benefit of east…

Ahead of the publication of the latest regulatory framework by the Central Bank of Iran for fintechs operating electronic wallets and account management facilities, the regulators’ deputy for…

Iran has been experiencing volatility in its foreign exchange and gold markets in the past few months, but the minister of economic affairs and finance has vowed that this is only temporary and…

With the US dollar's exchange rate remaining above the psychological threshold of 50,000 rials in Tehran's market, lawmakers frustrated with the performance of the Central Bank of Iran in…

The Central Bank of Iran has released new details about its decision to impose forex exchange controls on imports from Turkey, China, South Korea and India.

Iran’s largest carmaker Iran Khodro and Belarusian firm Unison have forged a deal under which two sedan models, namely Dena and Dena+, are to be manufactured in Minsk.

“IKCO and Unison…

Major Iranian automotive companies have participated in Automechanika Istanbul 2018, a world-renowned automobile aftermarket held at Tuyap Convention and Congress Center in Istanbul, Turkey,…