Economy

Price swings at the Tehran Stock Exchange helped the benchmark to rebound and stand in green at Monday’s close. The TSE data illustrates that all indices contributed to push the TEDPIX in green,…

Saffron exports from Mashhad – the capital of Khorasan Razavi province in northeast Iran –registered a 30% growth during the first ten months of the current Iranian year (to end March 20),…

As Iran’s Foreign Ministry continues to foster warmer relations with countries around the world, this month’s turn was the sub-Saharan African country of Tanzania. Javad Zarif was in town as part…

Boosting the level of economic activities in the region and improving economic relations with the neighboring countries is high on top of the government’s agenda, reiterated minister of…

The sanctions imposed by the West on Iran’s economy as well as lack of a proper banking system between Iran and Pakistan have caused the annual trade exchange between the two countries to reduce…

The central Yazd province exported more than 1.25 million metric tons of commodities worth above $443 million in the first ten months of the current Iranian calendar year (ending March20), the…

Unlike 2012, when the Iranian police force cracked down on illegal foreign exchange dealers in Tehran and other big cities, the police have this time no plan to intervene in the market unless top…

Aside from attracting deposits, which has long been a main criterion for assessing the successful performance of a bank, increasing customer loyalty and decreasing non-performing loans are also…

In their latest meeting, the cabinet members agreed to raise additional capital for the Central Bank of Iran. The bank’s capital is now set to be raised by 6.4 trillion rials ($186.9 million),…

Microfinancing is an untapped field in Iran’s financial industry. But regardless of the industry’s long term challenges like high amount of toxic debt circulating within the banking system and the…

A recent article published on the CoinTelegraph Website – dedicated to Bitcoin news– has created a buzz on social media about how Iran can continue to do trade with the world using the emerging…

A Tehran-based company, Shid Andish Dadepardazan Co., has announced it has created a new indigenously created search engine.

The search engine to be made within Iran is called “Yooz”,…

The parliament on Sunday approved the  outlines of the budget bill proposed by President Hassan Rouhani's administration for the next Iranian year, which begins March 21.

Out of the…

The agricultural sector accounts for 10 percent of the Gross National Product (GNP), said Nematollah Rezai, an official with the presidential office for rural development. He made the remarks in a…

International flights in Iran have grown by 25 percent over the past two years, IRNA quoted Ebrahim Shushtari, an official with Airports Holding Company, as saying on Sunday. He cited certain…

Iran has lost its substantial share in the international carpet market, Razi Miri, the deputy manager of the union of hand-woven carpet exporters told ISNA on Saturday. The official said the…

Top railway officials from Iran, Turkmenistan and Kazakhstan held a joint meeting in Tehran on Saturday with the aim of facilitating rail transport between the three countries.

To publicize the results of recent studies and research on groundwater resources by the National Center of Strategic Studies of Agriculture and Water, a one-day conference is being held in Tehran…

Inflation rate reduced by more than 19.2 percent compared with last year’s 35 percent and reached 15.8 percent by the end of the month ending January 20th, announced the Statistical Center of Iran…

Imports and exports nearly stood at the same level from March 20, 2014 to Feb 10, 2015, managing director of Iranian Customs Administration, Masoud Karbasian said on Saturday. According to IRNA,…

The Central Bank of Iran (CBI) has issued a bylaw obliging all banks to pass “interbank” checks only until 1 pm on working days, Eghtesad News reported.

An interbank check is issued on…

The latest edition of Iran’s National Web Festival kicked off at the Shahid Beheshti campus, in northern Tehran, on Sunday.

Two main speakers of this year’s event were Jaques Van Niekerk,…

Iran’s insurance industry is expected to achieve “strong single-digit growth” in the course of 2015, Business Monitor International predicts in its January report, though it revised down its…

Given the fact that the Central Bank of Iran cannot properly monitor the activities of the credit institutions they continue to increase interest rates on deposits, CEO of Iran Zamin Bank, Kamal…

The monetary base has contracted for the first time in a decade, according to a top official with the Central Bank of Iran.