Economy

The Central Bank of Iran has called on the German government to support closer collaboration between the two countries’ banks, including Iran’s Middle East Bank, as a prerequisite for…

The number of insurance agents should be halved because 20,000 professional agents are more than enough for the insurance industry, said Masoud Hajjarian, managing director of the Professional…

 The Central Bank of Iran Wednesday allowed Bank Maskan – the main housing bank – to issue 3 trillion rials ($99 million) worth of mortgage-backed securities in a bid to stimulate the…

Iranian officials have rejected a ruling by the US Supreme Court that clears the way for families of victims of the 1983 Marine barracks bombing in Beirut and other attacks to collect nearly $2…

Bank Melli Iran has plans to offer loans to sectors that contribute to national growth rates, raise export levels and create jobs in this fiscal year that started on March 20, said Abdolnasser…

The government has banned the production and import of incandescent light bulbs in the current Iranian year (started March 20), according to the Energy Efficiency Organization of Iran.

The…

With the completion of the nuclear deal and the opening of Iranian market, European businesses expected a trade bonanza.

More than 16.7 million tons of crude steel and 15.2 million tons of steel products were manufactured in the last Iranian year (ended March 19, 2016), indicating a 0.57% and 7% decline respectively…

South Korean companies are briskly moving to tap into Iran’s fast-growing construction and consumer markets, regarding the Iranian boom as a breakthrough to their prolonged business slump amid the…

Tehran Stock Exchange’s benchmark index ended a volatile trading week on April 20, 1,319 points or 1.66% lower to close at 78,269.

In Iran, weekdays start on Saturday and the weekly holiday…

Iran’s economic growth rate over the past decade averaged at 2.4%, said the deputy head of Management and Planning Organization of Iran, Seyyed Hamid Pourmohammadi.  “The 20-Year Vision Plan…

An 11-member economic and commercial delegation from Portugal are due in Iran’s Alborz Province on April 23, according to Masoud Qasemi, general secretary of Alborz Chamber of Commerce, Industries…

Iran and Oman have started direct shipping via the Iranian port of Bandar Lengeh–located in Hormozgan Province on the coast of the Persian Gulf–and Oman’s Sohar Port with the export of pipes to…

A 22-member delegation of Rice Exporters Association of Pakistan left for a five-day visit to Iran on Friday to explore trade and investment opportunities in general and boost rice export to Iran…

Iran and Azerbaijan have officially started the construction of a rail bridge over Astarachay River, along their border, as part of a project to link the two countries’ rail networks.

The goods and services Consumer Price Index for urban areas in the 12-month period ending April 19, which also marks the end of the first Iranian month of Farvardin, increased by 10.8% compared…

A shipment of 32,000 smuggled mobile phones was seized in the province of Bushehr in southern Iran.

According to Abbas Nakhaei, an official at the Central Taskforce to Combat the…

Microsoft reported results that fell short of analysts' expectations, showing its high-profile cloud business cannot quite make up for a slowing personal-computer market.

Iran's first operator, Hamrah-e Aval, otherwise known as Mobile Communications Company of Iran, has released its annual report on subscribers for the last Iranian year (ended March 19, 2016).…

The Fourth Laboratory Equipment & Chemicals Exhibition, known as Iran Lab 2016, will display laboratory equipment made by domestic and foreign companies.

Sorena Sattari, presidential…

The Iranian vice president for science and technology has inaugurated the first export-oriented production line of a knowledge-based company. Sorena Sattari opened the production line of an…

Iran is to host the Second International Crop Science Conference in the northern city of Rasht in the coming days. Organized by the Crop Science Society of Iran, the event will be held from August…

Iran has signed an agreement with French aerospace company Thales Group to buy three Airport Surveillance Radars for Tehran’s Mehrabad International Airport and airports of the southern cities of…

Unifying exchange rates has its own fundamentals and a positive trade balance is one of the key prerequisites, Ahmad Hatami Yazd said on Sunday.

Higher oil production and the lifting of sanctions equates to economic growth for Islamic republic.

The Iranian economy is outperforming the region as a whole mainly because of higher oil…