Economy

The Office of Foreign Assets Control, the US Treasury Department’s financial intelligence watchdog says Apple is not prohibited from hosting Iranian applications.

Financial sanctions have in a sense been good for Iranian companies, they have allowed time for local companies to develop their own technological skills and boost local job creation. After all…

Billionaire Samsung heir Lee Jae-yong has been sentenced to five years in prison by a court in South Korea for bribery and other crimes which fed public anger and led to the ousting of president…

The new communications and information technology minister has once again warned Internet providers not to overcharge subscribers. “People are unhappy with Internet providers and the way they…

The first Money and Credit Council meeting after the commencement of President Hassan Rouhani’s second term convened late Tuesday with two new members joining the decision-making body…

Bank Sepah allocated $11.17 billion from the National Development Fund of Iran's foreign exchange resources to bankroll major national projects in the last Iranian year (ended March 20, 2017).…

The 28th Islamic Banking Conference is scheduled to be held in Tehran from August 29-30, the official website of the Central Bank of Iran announced. During the annual conference, experts,…

While more than a year has passed since bank deposit interest rates were officially set at 15%, the Central Bank of Iran has now set a deadline through its latest directive to enforce the…

To be able to meet domestic meat demand and prevent price increases and the slaughter of reproductive cattle during the months of Zilhaj, Muharram and Safar (the last and first two months of the…

Average daily rail freight transportation has hit a record high of 84 million tons per kilometer, the deputy head of Islamic Republic of Iran Railways said. Ton-kilometer is a unit of freight…

Head of Planning and Budget Organization Mohammad Baqer Nobakht expects the government to run up a 370-trillion-rial ($9.6 billion) budget deficit in the current fiscal year (March 2017-18).

The Serbian government on Tuesday passed a decision on the abolition of visas for citizens of Iran as well as India, Belgrade-based television broadcaster B92 reported on its website.

A railroad connecting the Iranian Caspian port city of Astara to an Azerbaijani city with the same name will become operational in six months, the deputy head of Islamic Republic of Iran…

Tehran Stock Exchange’s main index gained 169.40 points or 0.21% to end Wednesday trade at 82,541.8.

About 920 million shares valued at $60.96 million changed hands for the day.

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Iran’s Department of Environment has issued a permit for Chadormalu Mining and Industrial Company to initiate exploration operations in the iron ore-rich D19 geological layer, the head of Iran…

Contracts worth more than $10 million in the fields of cement and fisheries were signed between the Iranian and Russian sides during Iran’s 1st Exclusive Exhibition held from August 16 to 19 in…

Tehran Stock Exchange’s main index TEDPIX gained 1,702 points or 2.1% during the fifth month of the current fiscal year, Mordad (July 23-August 22), to end at 82,372.4.

China’s Chery Automobile wants to increase its share of overseas sales to a third of total sales, up from a quarter currently, but plans to do so organically and not through acquisitions, its…

The locally assembled car Changan CS35 is increasing its use of local auto parts, according to the Iranian press. SAIPA Kashan, where the car is currently produced, has said that 20% of parts of…

Austria’s Transport Minister Joerg Leichtfried said he had agreed with carmakers to update the software of 600,000 diesel cars to reduce pollution following a similar deal struck in Germany…

Chinese automaker Great Wall Motors said there are “big uncertainties” whether it will continue to study a takeover of Fiat Chrysler Automobiles’ Jeep division.

Automotive News first…

Bank Melli Iran–the country’s biggest commercial lender–is expanding its presence in neighboring Iraq by establishing new branches in its capital city Baghdad, the shrine city of Najaf and the…

Iran’s Bank of Industry and Mine has set up correspondent relations with 82 banks from 33 countries in the last Iranian year (ended March 20, 2017), the bank’s deputy for international affairs…

In order to improve banks’ financial transparency and prevent any abuse, the Central Bank of Iran has for the first time formulated regulations to identify and manage banks and credit…

The annual general meetings of major banks and credit institutions have run into a snag, as lenders struggle to incorporate the latest standards introduced by the Central Bank of Iran into their…