Economy

Iranian banks’ illiquid assets must be sold to boost economic growth, said presidential advisor Akbar Torkan on Thursday.

“Around 50% of the country’s money supply are locked, including…

The government has tasked banks and credit institutions to prepare a list of their movable and immovable assets categorized as surplus and non-surplus. The list must be submitted to the Central…

Chairman of Iran Chamber of Commerce, Industries, Mines and Agriculture Mohsen Jalalpour says growth in the industrial and mining sectors calls for improvement in market competitiveness and…

Ranked among 15 major mineral-rich countries for its 7% share of the global mineral resources, Iran is one of the most prominent mineral producers in the world endowed with a diversity of deposits…

Esfahan Steel Company exported 250,000 tons of products during the first quarter of the current Iranian year (started March 21), which indicates a 400% growth compared to the same period last year…

The stock market looks set to unleash its potential and get back on track amid upbeat news about a comprehensive nuclear deal with the benchmark surging more than 4 percent since June 13.

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As marathon nuclear talks are making progress towards a final deal, investors’ optimism has sent domestic stock markets surging over the past two weeks, compensating for the benchmark’s long-…

Experts estimate it takes about 18-20 months to build a residential unit in Iran while the 2012 Survey of Construction by the Census Bureau indicated that on average, it takes about seven months…

The recent spread of bird flu in one of the villages of Mazandaran Province is to blame for the fall in the exports of chicken to regional markets, said deputy agriculture minister in livestock…

In a meeting between Minister of Agriculture Mahmoud Hojati and Ambassador of the Netherlands to Iran Jos Douma, the two sides discussed cooperation in the agricultural sector. “The Netherlands is…

A newly-established Iraqi transportation company has pledged to facilitate direct transfer of goods from Iran to Iraq, an official in Trade Promotion Organization announced, as reported by IRNA.…

According to the latest figures released by the Statistical Center of Iran, the unemployment rate in the first quarter of the current Iranian year (started March 21) showed an 11.5% decrease…

The Islamic Republic of Iran Railways signed a contract with French designing company AREP on Wednesday for redesign, redevelopment and expansion of railroad stations in three major cities: Tehran…

Asian countries have emerged as Iran’s main trade partners amid western sanctions imposed against the country over its nuclear energy program. China currently tops the list of Iran’s business…

The cost of renovating Mehrabad International Airport is estimated at 5 trillion rials ($150 million at market exchange rate), including 1 trillion rials  ($30 million) for resurfacing the…

Shirvan now has 3G coverage, said the CEO of North Khorasan's Telecommunications Company. Mohammad Salari added that with 3G coverage, call quality is expected to improve in the region, IRNA…

The secretariat of Islamic-Iranian Banquets has released a formal statement accusing the Mobile Telecommunications Company of Iran (Hamrahe-Aval or MCI) of intellectual infringement. MCI announced…

MasterCard will start experimenting with a new program by approving online purchases with a facial scan.

At checkout, customers will be asked to hold up their phone and take a photo.…

BankBazaar, a startup that lets Indian consumers compare financial products online, has scored a $60 million Series C led by Amazon, with participation from Fidelity Growth Partners, Mousse…

Starting next Saturday, the 10,000-rial investment units of Sepehr Khobregan Naft, a new exchange-traded fund, will be sold at Iran Fara Bourse or the over-the-counter market. This is the first…

The economic deputy of the Ministry of Economic Affairs and Finance called on Wednesday for balancing the one-year deposit rate (20%) with the interest rate (14%) of home loans provided by Bank…

Governor of the Central Bank of Iran Valiollah Seif has given a mandate to provincial governors, asking them to help CBI fight stagflation and provide small business debtors with bailout loans.…

 Trading of Parsian Bank’s shares was halted at the stock market on Wednesday due to the revision of earnings per share forecasts. According to Bourse Press, the lender’s symbol, Vpars,…

Despite promises of replacing the Mehr housing project, the government has been somewhat slow in offering a viable alternative.

Over the past few years, several plans were drawn up to…

Iran's steel sector is expected to grow over the next few years, as the government targets self-sufficiency in its metals sector. The country is the largest steel producer in the Middle East and…