Economy

After it was confirmed during President Hassan Rouhani’s recent trip to India that Iran’s Bank Pasargad, one of three banks seeking to open branches there, has finally received the green light,…

As part of their latest open session on Sunday to discuss the fiscal 2018-19 budget bill, members of parliament designated the areas where resources from the National Development Fund of Iran…

From Iran’s total area of 165 million hectares, 50 million hectares are arable, provided there is enough water. 

However, in view of the severe water crisis facing the country, only…

More than 908 tons of umbrellas worth 50.62 billion rials ($1.54 million) were imported into Iran during the first 10 months of the current Iranian year (March 21, 2017-Jan. 20), the Islamic…

Some $420 million worth of commodities were exported from West Azarbaijan Province in northwest Iran during the first 10 months of the current Iranian year (March 21, 2017-Jan. 20), showing a 7.…

Iran, Sweden, Finland and Denmark signed a quadrilateral memorandum of understanding for industrial cooperation in Tehran on Sunday.

Trade between Iran and Slovakia stood at €24.97 million in 2017, registering close to a 16% decline compared with 2016. 

The government is set to clear part of its debt to Social Security Organization by issuing up to 50 trillion rials ($1.1 billion) of debt securities, the first batch of which was issued on the…

Tehran is hosting an Indian exhibition called ‘Source India’ that opened at Milad Tower on Saturday and will conclude on Monday.

Mobile phones worth $410 million have entered Iran during the 11 months to Feb. 19, indicating a 96% year-on-year increase in cellphone imports in terms of value.

According to data…

More than one million students have enrolled to compete in this year’s Concours, Iran’s university entrance exam. Hossein Tavakkoli, a senior advisor at the National Organization for Educational…

At a highway checkpoint on the outskirts of Beijing, local police are this week testing out a new security tool: Smart glasses that can pick up facial features and car registration plates, and…

After a gap of 27 years, direct flights between Iran and Serbia resumed on Saturday, when an Iran Air jet touched down at Belgrade’s Nikola Tesla airport, Serbian media reported. Iran Air is…

The Central Bank of Iran has released its latest data on the country's interbank market, indicating that it has registered growth both in terms of the number and value of deals.

China Railway Rolling Stock Corporation Changchun Railway Company (CRRC CRC) and Tehran Wagon Company have won the tender to build and supply 630 cars for Tehran’s Subway on Wednesday. 

News about Iran striving to launch its own virtual currency garnered mixed reactions and raised a number of questions, namely about the potential uses of the currency and the government’s role…

Iran has endeavored for years to devise the right set of conditions to facilitate the entry of foreign financial institutions in its free trade zones and those efforts only intensified following…

Twelve delegates from Iranian banks completed a two-day workshop organized by the International Compliance Association to receive the internationally-recognized ICA Certificate in Compliance in…

A quartet of major regulatory bodies will form a task force to resolve the controversy surrounding banks' financial statements, secretary of the Association of Private Banks and Credit…

Iran’s non-oil trade balance turned positive in the 30 days to Feb. 19, which marks the end of the Iranian month of Bahman, given the monthly exports of $6.07 billion and imports of $4.85…

Trade between Iran and Cyprus stood over €11.66 million in 2017, registering a 76.13% surge compared with the previous year. 

Iran’s trade with Cyprus experienced the sixth highest…

Contracts worth 25 trillion rials ($556.54 million) was signed between the Ministry of Roads and Urban Development and the private sector on Sunday for the construction of 439 kilometers of…

Iranian export prices for steel billet and slab continued to rise in the week that ended on March 7 with bookings agreed at higher prices, supported by the uptrend in the global market and…

A hot mix asphalt production plant has been established in Qazvin Province’s Alamut region, Managing Director of Qazvin Roads and Urban Development Organization Masoud Haqlotfi said. The plant,…

Major Iranian mining companies produced an aggregate of 317.94 million tons of ores and mineral products during the first 11 months of the current fiscal year (March 21, 2017-Feb. 19),…