Economy

Demand for gold jewelry in Iran jumped 27% compared to last year to a four-year high of 12.9 tons, helped by the country’s economic improvement in the wake of sanctions relief…

The involvement of companies affiliated to Islamic Revolution Mostazafan Foundation in Iraq’s development projects will pave the way for the entry of Iranian private sector into the neighboring…

The Industrial Development and Renovation Organization of Iran signed on Wednesday a memorandum of understanding with the largest employer federation in France, MEDEF, to cooperate in industrial…

The general outlines of the amended “Sixth Five-Year Economic, Cultural and Social Development Plan (fiscal 2017-22)” bill was approved by the parliament late last year (ended March 20, 2016) and…

Minister of Roads and Urban Development Abbas Akhoundi said the under-construction railroad connection between Qazvin and Rasht will be completed and come on stream by the end of summer.

Government revenues from mining operations in Hormozgan Province stood at 150 billion rials ($3.94 million) in the last fiscal year (March 2016-17), indicating a 79% growth compared to the year…

To raise cash subsidy payments to 2.5 million rials (about $66) per head, the prices of energy carriers need to rise sixfold.

The upward trend in the global flat steel market has affected Iranian flat steel prices, but buyers are still looking for discounts, Metal Bulletin learnt on May 3.

Russian steelmaker MMK…

Tehran Stock Exchange’s main index gained 372 points or 0.5% during the week that ended May 3 to close at 79,969.

IFX, the over-the-counter Iran Fara Bourse’s benchmark, gained 15 points or…

European governments are under pressure to pursue their own policies and interests in Iran and other countries of the Middle East separate from the US, partly because of fears over the…

Armenia’s State Revenue Committee has begun the modernization of a border crossing near the southern town of Meghri on the border with Iran. According to Armen Sakapetyan, the deputy chief of…

Ahmed Subhi from Baghdad is riding high on his smartphone app called Wajbety (My Meal), a service similar to Iran’s Reyhoon and ZoodFood which uses a smartphone application to place an order for…

Over-the-air Internet provider Mobinnet has launched 4G Internet services in Iran’s northern region of Gorgan, according to reports in local media.

The service launched on May 3, is the…

New Mobile Virtual Network Operator (MVNO) SamanTel has launched its pricing structure for calls, SMS and Internet as part of a push to become one of the first virtual operators to establish its…

A new website called Dideo.ir, which uses a meta search engine to scour the Internet’s biggest video websites, has been launched by students at Iran’s Sharif University of Technology in Tehran…

Iran’s non-oil foreign trade during the first month of the current Iranian year (started March 21, 2017) stood at $5.07 billion.

According to the latest report by the Islamic Republic of…

In order to increase home ownership among the youth, the Money and Credit Council, a decision-making body, voted to raise the limit of no-deposit home loans for couples. The limit for such loans…

As the Iranian presidential election on May 19 draws closer and the bank-based economy has taken center-stage among candidates and the public alike, the Central Bank of Iran in a statement…

German investors received more than $2 billion in loans in 2016 to finance Iranian projects, but these have been held up for various reasons, an official of the German financial regulatory…

New mobile payment infrastructures have been set up in Iran to facilitate the use of new payment systems such as tap-and-go cards.

The Central Bank of Iran is developing new mobile payment…

Tehran Stock Exchange’s main index inched up 27.10 points or 0.03% to end Wednesday trade at 79,969.2.

More than 1.06 billion shares valued at $79.73 million changed hands for the day.

Government tax revenues grew by 28.4% during the first 10 months of the previous Iranian year (started March 20, 2016) to reach 746.9 trillion rials.

Canada-based Anglo American Exploration and University of British Columbia have started copper exploration operations in 22 mineral zones located in the Iranian provinces of East and West…

The first major foreign investment project in the Iranian steel industry has come on stream.

The Italian Danieli Group’s steel machinery production plant was inaugurated on Tuesday by…

More than 5.81 million tons of agricultural products worth close to $5.69 billion were exported from Iran in the last fiscal year that ended on March 20, registering a 21.8% and 3.6% growth in…