Economy

Since February 2017 when the Cabinet first approved that penalties for non-performing loans will be waived for loans up to 1 billion rials ($28,178), about 8 trillion rials ($213 million) of fines…

Trade between Iran and Thailand stood at $421 million in 2016, registering a 36% rise compared with the year before.

About 890,000 tons of goods worth about $670 million were exported from Markazi Province in the last Iranian year (March 2016-17).

The exports witnessed a 30% and 29% increase in weight and…

A paper production factory was launched by President Hassan Rouhani at Amirabad Port in the northern Mazandaran Province on Tuesday.

Employing 175 people, the factory will annually produce…

The Fifth International Exhibition of Rail Transportation and Related Industries and Equipment is scheduled to be held in Tehran’s International Fairground on May 15-18. Iranian as well as foreign…

Iranian chain stores have created close to 25,000 direct jobs, the head of Iran›s Chain Store Union said.

«Around 50 trillion rials ($1.3 billion) worth of investments have been made by the…

Tehran Stock Exchange’s main index gained 247.36 points or 0.32% to end Monday trade at 78,107.80.

Close to 1.68 billion shares valued at $83.81 million changed hands for the day.

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During the recently-ended Iranian year (March 2016-17), 2,411 industrial projects were launched, which created 38,400 jobs, Iran’s Small Industries and Industrial Parks Organization announced.…

The European Commission has officially announced that it has decided not to impose preliminary duties on the import of hot rolled coil from five countries, including Iran, EC’s spokesman told…

The 10th International Exhibition of Exchange, Bank and Insurance is scheduled for April 15-18 at Tehran’s international permanent fairgrounds. More than 350 local and international financial and…

Central Alborz Coal Company’s Savadkouh coal preparation plant was inaugurated on Tuesday by deputy minister of industries, mining and trade, Mehdi Karbasian, in the northern Mazandaran Province…

Past cyber attacks on scores of organizations around the world were conducted with top-secret hacking tools that were exposed recently by the web publisher Wikileaks, the security researcher…

On the sidelines of the Asia Nano Forum in Tokyo, an international memorandum was signed between the representatives of Iran Russia, South Korea and Taiwan to give Iran ‘permanent secretariat’…

South African-based MTN Group is negotiating with the Telecommunication Infrastructure Company of Iran (TIC) about investing in the expansion of the  fiber-optic network.

One area of…

Qualcomm Inc. hit back at Apple Inc.’s charges that were made in a US lawsuit in January, saying the iPhone maker breached agreements with the firm and encouraged regulatory attacks on its…

The head of Iran Chamber of  Commerce, Industries, Mining and Agriculture on Sunday called on all economic entities to embrace the motto of the current Iranian year (started March 21)–named…

According to the latest data released by the Central Bank of Iran for the month ending February 18, government deposits with CBI reached 412 trillion rials ($11 billion) and registered an 11.3%…

The Iranian banking system will focus on increasing production and improving employment in the current fiscal year in line with the guidelines provided by the Leader of Islamic Revolution…

Beleaguered insurance companies have only until the end of the current fiscal year (March 20, 2018) to meet the new minimum capital requirements set by the Cabinet, announced the head of the…

Economy plays a key role in today’s football. Professional football clubs are likened to economic entities that create revenue streams for their shareholders and generate considerable direct and…

The first passenger jet Iran has ordered from American planemaker Boeing will join Iran’s air fleet within a month, Deputy Roads and Urban Development Minister Asghar Fakhrieh-Kashan said.

The track-laying of a 75-km railroad connecting Urmia, the capital of northwestern West Azarbaijan Province, to the city of Naqadeh also in West Azarbaijan has begun. When completed, the route…

Foreign investment in East Azarbaijan Province saw a threefold rise to reach $30 million in the last Iranian year (March 2016-17) compared with the previous year, according to the northwestern…

During the holidays on March 15-April 2, as many as 6,939,634 passengers took to public road transport passenger vehicles (buses, minibuses, middle-buses and for-hire intercity passenger cars) to…

The Islamic Republic of Iran Post Company has increased its connections with foreign postal companies and added 17 new international postal routes after the removal of sanctions to facilitate…