Economy

Commercial banks and credit institutions have started providing “weekly” and even “one-hour” loans to their customers as economic hardships have made it hard for domestic business people to remain…

Around 90,000 tons of bitumen 6070 was exported through the IME’s export trading floor during the week that ended April 8, Imereport.com reported. Analysts believe following the preliminary deal…

The Iran Mercantile Exchange (IME) witnessed the first trade of gold, aluminum, and coke on Wednesday since the beginning of the new Iranian year, which started March 21. According to IME report,…

Global interest in Iran's mining sector has grown especially after Iran and the major powers reached a nuclear understanding earlier this month in the Swiss city of Lausanne, Bloomberg quoted…

A ferrochrome factory will be established in the Persian Gulf Special Economic Zone in the port city of Bandar Abbas in a joint venture with the Chinese, IRNA cited the governor of Hormozgan…

New inflows of money headed into the equity market accompanied by a breathtaking leap in trade value at the Tehran Stock Exchange (TSE), after the recent bullish trend amid prospects of a more…

The startup environment in Iran is improving, thanks to the active players in the industry working towards developing a culture that aims at encouraging the investors and owners of capital to…

The Iran National Laser Center has given domestic knowledge based companies permits to mass produce over 40 laser systems, Hassan Nabavi, head of the center, told IRNA on Monday.

Iran's computer hardware industry in recent years has been an industry of "black and grey market" imports, Masound Riazat, the head of the Iran ISP Association admitted. Riazat added that the…

The Rouhani administration will launch the third phase of "smart internet filtering" throughout the first quarter of the new Iranian year (started March 21), Mahmoud Vaezi, minister of…

Demand for Samsung's new Galaxy S6 Edge will outstrip supply due to low production numbers of the phones display the company's top executive, JK Shin, announced on Friday, Reuters reported.

The cooperative sector has created more than 1.5 million job opportunities across the country, the deputy minister of cooperatives, labor and social welfare, Hamid Kalantari, said on Thursday. “…

The National Development Fund of Iran (NDFI) board of trustees approved a $32.7 billion fund to be invested towards development of infrastructure projects in eight key sectors, IRNA reported.

Iran’s international Marine Exposition will open on June 6 in Imam Khomeini Grand Musalla in Tehran, IRNA reported.

Iran’s chicken exports to countries in the region will increase to 100,000 tons in the current Iranian calendar year (started march 21); however, the volume that was registered a year before stood…

Based on new import regulations for the current year (started March 21), all industrial commodities are allowed to be imported, senior official at Iran’s Trade Promotion Organization (TPO), Abbas…

Agricultural is a primary sector of the economy and a major source of employment, government revenue, foreign capital and food. Development of a productive agricultural sector is necessary for…

 The European Union re-imposed sanctions on an Iranian bank and 32 Iranian shipping companies on Wednesday, using new legal grounds, after the measures were struck down by a European court.…

In a recent meeting of the Money and Credit Council (MCC) held Tuesday afternoon, the framework for overseas banking regulations was decided by the council members. Further details will be decided…

The very first step to reform banking system is transparency in operations, said Lotf-Ali Bakhshi, an economic expert.

Although the banking network plays a key role in the development and…

Management of the currency market should be changed if the government wants to make efficient use of forex inflows, Yahya Ale Es’haq, head of the Tehran Chamber of Commerce, said on Wednesday.

Over the last Iranian year which ended on March 21, the rial weakened by 6% against the dollar to hit 35,000 rials in the ending months, though it settled at about 33,000 rials in the last days of…

The Central Bank of Iran (CBI) has put off formulating an exclusive set of monetary and banking regulations for free trade zones, an issue which has raised problems in the regions, according to…

Bank Pasargad has been included in the list of top 500 world banks published by The Banker. According to an assessment done of banks’ financial reports for the year 2014, The Banker has listed the…

Deputy head of Geological Survey of Iran (GSI) for exploration affairs, Behrouz Borna said on Tuesday that three percent of the world’s mineral resources are found in Iran, which are estimated at…