Economy

MTN Group, Africa’s biggest mobile operator, is sticking to its 2018 dividend target despite new US sanctions making it harder to repatriate cash from its Iran joint venture, the company said on…

The ICT minister has called on the officials in charge of Iran Post Company to adopt measures to broaden the business and increase revenues, through the expansion of services as the top…

Local mobile operators have been given a two-week deadline by the government to resolve the deep-seated problems in offering value-added services.

Friday marked the 24th anniversary of the commercial launch of Iran’s mobile phone network, which shell-shocked local landline operators when the country’s first SIMs were offered.

Samsung Electronics Co Ltd unveiled the Galaxy Note 9 “phablet” in New York on Thursday in a key product launch that it hopes will attract younger customers with stepped-up features and services…

With the government's rescue package for the currency market in full swing, exchange bureaus have found a newly-defined role after nearly four months of zero transaction. 

Italy’s biggest bank UniCredit expects to reach a deal with the United States in a dispute over alleged sanctions violations in Iran in the coming months, its CEO said on Tuesday. 

Parliamentarians have reviewed and passed a majority of articles concerning a bill that envisions the establishment of a new specialized organization for combating economic corruption.

Lawmakers voted overwhelmingly on Tuesday to approve the outline of new reforms to the check processing system.

Around 34,357 tons of frozen beef worth close to $147.92 million were imported into Iran during the first four months of the current Iranian year (March 21-July 22), registering a 2.6% and 7.7%…

Some $10 million worth of farmed caviar were exported from the northern Mazandaran Province during the first three months of the current Iranian year (March 21-June 21), which shows a threefold…

Do as the Trump administration says, not as the United States president’s tweets, is the New Zealand trade minister’s message to local businesses looking to continue exporting to Iran.

The Ministry of Industries, Mining and Trade has given the go-ahead to import 20,000 tons of publication paper.

Industries Minister Mohammad Shariatmadari said on Monday that paper used…

A memorandum of understanding was sighed between the Statistical Center of Iran and the Headquarters to Combat Smuggling of Goods and Foreign Exchange on Tuesday. The MoU was signed by the head…

The Producer Price Index for the industrial sector in the 12 months ending June 21, 2018, which marks the end of spring, increased by 22.7% compared with the same period of last year, according…

Iran traded 3.75 million tons of non-oil commodities worth $1.72 billion with India during the first four months of the current fiscal year (March 21-July 22), registering a 9.32% and 4.84%…

Iranian families living in urban areas spent an average of 329,525,000 rials ($7,845) in the last Iranian year (March 2017-18), 15.7% more than in the preceding year, the latest report by the…

Danish engineering company Haldor Topsoe, one of the world’s leading industrial catalyst producers, said on Wednesday it would cut around 200 jobs from its workforce of 2,700 due to new US…

China’s business ties with Iran are open, transparent and lawful, its foreign ministry said on Wednesday, after US President Donald Trump said companies doing business with Iran would be barred…

A local startup named PitStop has launched a GPS-based smartphone application, assisting motorists to find nearby automobile repair shops.

The app which is also dubbed PitStop, based on…

Indian ride-hailing firm Ola said on Tuesday it plans to launch services in Britain this year, months after expanding operations in Australia, intensifying its rivalry with US peer Uber…

Ford Motor said on Wednesday it will launch in China early next year a new “entry-level” sport utility vehicle developed jointly with a local partner, as the US automaker attempts to revive its…

Capital Intelligence Ratings, the international credit rating agency, announced that it has affirmed the Financial Strength Rating of the Export Development Bank of Iran at ‘BB-’ with a negative…

The total volume of liquidity in Iran stood at about 15.82 quadrillion rials ($358.72 billion) at the end of the first quarter of the current fiscal year on June 21, the Central Bank of Iran…

After months of volatility, the foreign exchange market has embraced a forex plan unveiled by the government on Sunday. Exchange houses resumed their normal operations, halted 115 days earlier…