Economy

Telecommunication Company of Iran (TCI) has joined hands with three foreign firms — Huawei and Fiber Home from China and Finland’s Nokia — to expand its fiber optic network and…

Although Iranian steelmakers are expanding capacity every year, production is not keeping pace.

Chinese smartphone maker Oukitel is releasing a new smartphone with a 10,000mAh battery which is likely to last days without needing to be charged. Called the K10000, it is set to be released…

Microsoft’s artificial intelligence personal assistant called Cortana is heading to a high-quality speaker produced by Harmon Kardon, according to a new listing on the firm’s website.

Chinese smartphone producer Huawei has joined hands with Iran’s first (and still largest) general e-retailer platform, Digikala and is offering special sales packages for its latest flagship…

The importance of Iranian banks’ foreign branches is not negligible, therefore their number ought to increase in order to provide better services to Iranian traders, the head of Iran’s Monetary…

After the implementation of the Joint Comprehensive Plan of Action (the formal name of Iran’s nuclear deal with world powers), the number of Iranian banks’ correspondent relations with foreign…

The Central Bank of Iran's governor mounted a strong defenseof the four-year performance of his bank as an extension of the economic policies of President Hassan Rouhani who seeks reelection on…

Some 3,210 tons of horticultural products worth 415.95 billion rials (close to $11.1 million) were damaged by hail and gale storms as well as a sudden fall in temperature that hit Markazi Province…

Iran-Austria trade stood at $377 million in 2016, but it will soon increase to reach the highs before international sanctions hit the Islamic Republic.

This optimistic note was sounded by…

Tehran Chamber of Commerce, Industries, Mines and Agriculture launched an arbitration center on Sunday where merchants, economic players, producers and business people can settle their disputes…

Iran is in the midst of an intense presidential election campaign with six candidates pledging how they would address the country’s economic issues through their respective policies.

Yazdan Seif, former managing director of Agricultural Support Services Company, was appointed on Tuesday as the new head of Government Trading Corporation to replace deputy agriculture minister,…

The Islamic Republic of Iran Customs Administration has banned the import of scrap metals from Iraq and Afghanistan following a request from the Trade Promotion Organization of Iran.

A 267-kilometer-long railroad connecting the capital city Tehran and the central provincial capital Hamedan was inaugurated on Monday in the presence of President Hassan Rouhani and Minister of…

When major players of the Iranian banking system next convene in the foreseeable future, addressing the oft-visited dilemma of interest rates will be on top of their agenda, the head of the…

China Export & Credit Insurance Corporation (commonly known as Sinosure) will provide export insurance for Chinese construction and production investments in Iran.

As attested by officials in the past few weeks, there will be no surprise price hike similar to the ones witnessed a few years ago, assured a deputy minister of roads and urban development. “It is…

Rumaila, a natural gas combined cycle power plant with 12 gas and 6 steam turbines, is to be implemented at a cost of $2.5 billion by the Iranian MAPNA Group in Basra, southern Iraq.

Spain’s ambassador to Iran announced that his nation’s banks are ready to finance the petrochemical industry, which facilitates Iran’s interaction with European companies.

Seven thousand jobs were created following the government’s allocation of $4.5 billion in loans to small- and medium-sized enterprises in the fiscal March 2016-17, the Ministry of Industries,…

The annual turnover of the sector dealing with Iran’s highly competitive university entrance exam, better known as Concours, stands at more than 40 trillion rials (about $1.06 billion), a veteran…

Tehran Stock Exchange’s main index added 83.30 points or 0.10% to end Monday trade at 79,744.2.

More than 4.8 billion shares valued at $570.7 million changed hands for the day.

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The fight against tax evasion will be the main goal pursued by the Iranian National Tax Administration in the current Iranian year (started March 21), INTA’s chief said. “About 13 trillion rials…