Economy

The decision to cut interest rates from 20% to 18% was taken largely to help forge a balance between deposit/lending rates and other macroeconomic parameters, Peyman Ghorbani, the Central Bank of…

An economic delegation, comprising representatives of 80 private Iranian companies, is scheduled to visit Germany on March 2-4 at the invitation of Eric Schweitzer, president of the Association of…

Iran has exported 4,000 tons of hand-woven carpets valued at $230 million so far in the current Iranian year (to end March 19, 2016), with Brazil, South Africa, Russia and China being the main…

A 24-member Lahore Chamber of Commerce and Industry delegation on Friday left for a seven-day visit to Iran to explore trade and investment opportunities and possibilities of joint ventures…

Iran offers ample investment opportunities for Omani entrepreneurs, as the country is gearing up to execute several projects in a wide range of industries, Iran’s ambassador to the sultanate said…

South Korea will restart business cooperation talks with Iran after a 10-year hiatus to help its local companies make inroads into the oil-rich country recently freed from international sanctions…

Finland’s Minister of Agriculture and Environment Kimmo Tiilikainen, heading a Finnish business delegation, is due to arrive in Tehran on Saturday for a five-day visit, aimed at “supporting…

While most exhibitors at last week's Mobile World Congress in Barcelona, Spain, were focused on products for personal consumers, a British company has launched a rugged handset aimed at…

Taiwanese electronics company ASUS has announced its official presence in Iran.

In an event held in Tehran on Feb. 25, the company unveiled five of its latest smartphones for the Iranian…

Iranian researchers have produced special nanocomposites applicable in energy, electronics and computer fields, a new study revealed.

According to Iran Nanotechnology Initiative Council,…

Japanese game-maker Nintendo Company slashed its full-year profit forecast due to a stronger yen and weaker-than-expected sales of its 3DS handheld gaming consoles and software. Nintendo said it…

Bank Muscat, the sultanate’s biggest financial institution, plans to open a branch in Tehran, said a senior official of Central Bank of Iran on Wednesday.

The Third International Real Estate and Property Exhibition opened in Tehran Tuesday, where builders are offering units on installment basis in 400 buildings, each with 1 to 100 housing units at…

Iran's Mellat Bank plans to normalize operations of its branch in Seoul as early as next month following the lifting of sanctions, a bank official said Wednesday.

Last month, the US, UN…

The government is planning to issue inflation-adjusted bonds in order to clear its debts, Valiollah Seif, governor of the Central Bank of Iran said late Tuesday.

Despite the implementation of the Money and Credit Council’s directive following the general agreement of lenders to lower interest rates from Feb. 20, misgivings abound over the feasibility of…

Iran Fara Bourse edged up to finish the week at its highest in 15 months on Wednesday, again shining brighter than its larger rival, Tehran Stock Exchange.

TSE continued its slumber on the…

Vermicompost is the product or process of composting using various worms, usually red wigglers, white worms and other earthworms to create a heterogeneous mixture of decomposing vegetable or food…

Over 3.2 million tons of crude steel and steel products were exported during March 2015-Jan. 2016, indicating a 23% increase compared with the corresponding period of last year, Iranian Mines and…

Iran’s Kish South Kaveh Steel Company is making major investments for expanding production capacity that will lead to the creation of 1,000 jobs, as a supply chain is developed to support the…

During Iranian President Hassan Rouhani’s high-profile tour of Italy and France in January, his investment push focused primarily on one area: infrastructure. This was no surprise; Iran requires…

Farmers in Mazandaran and Gilan provinces have produced 87,000 tons of fresh tea leaves in the current Iranian year (ending March 19, 2016), 33% more than last year’s yield, according to Iran Tea…

Over 70 million tons of goods were loaded and unloaded in the ports of the southern Hormozgan Province during the 10-month period ending January 20, with non-oil commodities accounting for 43.56…

Iran is targeting an average annual growth rate of 5% in its agriculture sector as part of the sixth five-year development plan (2016-21), says Deputy Minister of Agricultural Jihad Abdulmahdi…

The goods and services Consumer Price Index for urban areas in the 12-month period ending February 19, which marks the end of the Iranian month of Bahman, increased 12.6% compared with last year’s…