Economy

While Chinese brand Xiaomi was to be included in the Cellphone Registry Scheme after Norouz (the Iranian New Year starting March 21), Iran’s communication ombudsman announced on Sunday that the…

Apple filed a patent made public on Monday for a keyboard that resists crumbs.  The patent describes two different ways that a keyboard can keep dirt out, either by sealing gaps off or…

Iran's housing affordability index, an indicator of how affordable residential units are to the people, has improved in the past few years, the head of the Planning and Housing Economy Office at…

Both foreign exchange and gold markets on Monday kicked off their rallies after days of relative calm, with major foreign exchange rates registering significant gains against Iran's national…

As it strives to relegate the phenomenon of shadow banks to history, the Central Bank of Iran has orchestrated a merger of two such banks into a legitimate one in order to wipe away the last…

The Central Insurance of Iran said that according to latest reports, the insurance industry has registered a 22% growth in premium in the 11 months to February 19 compared with the same period…

Around 236,000 tons of wheat worth $84 million were exported from Iran during the first 10 months of the current Iranian year (March 21, 2017- Jan. 20), registering a whopping 1,317% and 724%…

The government’s overall revenues during the first 10 months of the current fiscal year (March 21, 2017-Jan. 20) amounted to 421.9 trillion rials ($8.97 billion), posting a rise of 28.2% over…

Iran exported more than $230 million worth of  non-oil goods to Russia during the first 11 months of the current Iranian year (March 21, 2017-Feb. 19), which registers a 27.74% increase…

The construction of Section-1 of the Tehran-North Freeway has made about 96% progress and the project is expected to come on stream in summer, the governor general of Tehran Province said.

Thirty-nine percent of the members of Social Security Organization’s pension scheme retire before their full retirement age. According to a report by SSO, the full benefit age in Iran averages…

Some 7,500 tons of gabbro have been exported from Bandar Lengeh Port in the southern Hormozgan Province to Qatar for the first time, the Ministry of Roads and Urban Development’s news service…

President Hassan Rouhani will visit Azerbaijan’s capital Baku on March 29 and he will be accompanied by a business delegation. A joint business forum between the traders of Iran and Azerbaijan…

The Ministry of Cooperatives, Labor and Social Welfare is the state body responsible for determining the poverty line in Iran, the head of Statistical Center of Iran said. Omid Ali Parsa added…

The Economic Council agreed on Monday that the government issue 10 trillion rials (about $222 million) worth of bonds for purchasing new airplanes and maintaining the country’s roads.

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The notion of Citizenship Rights Charter has been reiterated by President Hassan Rouhani in the past two years. It lists and explains 22 categories of the most rudimentary, while critical,…

Tehran Stock Exchange’s main index gained 165.87 points or 0.17% to end Monday trade at 96,194.3.

About 1.05 billion shares valued at $58.87 million changed hands at TSE for the day.…

From bilateral trade to finance contracts and civil projects, China arguably has the strongest presence in Iran among all other countries.

Volkswagen’s sports carmaker Porsche could develop a flying passenger vehicle to compete with rivals in a market for urban air taxis and ride-sharing services, Porsche sales chief Detlev von…

SAIPA launched the presale of its latest hatchback model Quick in late January and started delivering a limited number of the vehicle last week. However, the company is yet to announce a final…

Before Li Shufu rose to become the largest single shareholder at Mercedes-Benz through the acquisition of almost 10% of Daimler’s shares, the billionaire was apparently also in talks with the…

Members of the Board of Representatives at Iran Chamber of Commerce, Industries, Mines and Trade convened for their last meeting of the current fiscal year (ending March 20) during which they…

Rents for residential units will increase at the same rate as the inflation rate that is currently hovering around 10% in the next fiscal year (starting March 20), the head of Tehran Association…

Economy Minister Masoud Karbasian said over 70% of the divestitures during the tenure of President Hassan Rouhani have gone to the real private sector as opposed to the previous administration…

The total volume of liquidity was more than 14.63 quadrillion rials ($325.62 billion) by the end of the 10th Iranian month to Jan. 20, the Central Bank of Iran announced.