Economy

E-banking is an inseparable part of the banking industry and Iran needs to put a proper system in place to modernize the industry hampered by years of financial mismanagement and economic…

Ansar Bank sold its investment subsidiary on Monday. Over 1.33 billion shares of Danayan Pars Investment Company were sold to Sadr Arain and Ab-Khak-Sakht investment company. Ansar and its various…

Pradip Shah's IndAsia Fund Advisors and Iranian Middle East Bank have formed a joint venture to explore investment opportunities between India and Iran.

The deal comes ahead of the June 30…

Bank Melli is set to act as a mediator between the government and contractors that have undertaken government projects.

Iran Mercantile Exchange featured various types of steel sections offered by Mobarakeh Steel Company in its spot market on Monday.

The National Iranian Steel Company has been officially tasked with preparing investment plans for the steel sector.

Iran Fara Bourse’s main index IFX climbed 20.5 points or 2.93 percent to close at 723.63 and post a dramatic surge on Monday trade propped up by Tehran Oil Refining Company and Iranian Investment…

As the construction projects ahead of 2022 World Cup in Qatar have already affected the construction material market in the Middle East, Iran is seeking to increase its export of steel, cement and…

The bumpy rides at Tehran Stock Exchange are expected to come to an end, with both institutional and retail investors striving to shore up their portfolios, however, the overall sentiments is…

The forceful rebound of TSE listings last week shows that the end of sanctions (imposed by the West against Iran over its nuclear energy program) could be a ticking time bomb of optimism for…

Based on new amendments to the tax law, tax evaders will henceforth face criminal charges, fines and prison terms, head of the Iran National Tax Administration Ali Asgari said Monday.

"Tax…

After years of sanctions imposed against Iran over its nuclear energy program, Tehran’s international airport is facing strong rivals in the Middle East. The government is trying to mobilize its…

Vice president of International Affairs at Iran Chamber of Commerce, Industries, Mines and Agriculture highlighted the economic strengths of Iran and Bulgaria.

The notion of eliminating the world’s dominant reserve currencies such as the dollar and euro from trades and transactions between Iran and Russia has been proposed repeatedly by both countries in…

Iran’s exports to and imports from the Republic of Ireland in the last Iranian year (ended March 20, 2015) stood at $358,000 and $118 million respectively, Eghtesad News reported. Pipes,…

Women account for 17% to 20% of the country’s businesses on average while occupying as little as 7% of the managerial seats in the industrial sector, said an aide to the Minister of Industries,…

Since the start of harvest season and under the government’s guaranteed purchase plan, the Agriculture Ministry has bought 3.13 million tons of wheat from farmers in excess of their need, as IRNA…

The use of pesticide in Iran’s agriculture sector has slashed by 25% over the past two decades from 30,000 tons to 21,000 tons and is now half the global average, according to Iran’s Plant…

Samsung’s working on a new concept that could potentially make driving a lot safer.

Last week, Samsung shared a blog post about its “Safety Truck,” a trailer-truck that has a wireless…

Iran's Standard and Quality Inspection Company has recently assessed 28 cars locally produced in a monthlong period, ending May 21.

According to the report, 99% of the automobiles…

Mercedes-Benz is selling almost as many Maybach cars in China each month as it used to sell worldwide in a year, when it targeted the super-rich with a standalone model.

The representative of the United Nations Children’s Fund in Iran, Ezio Gianni Murzi, has hailed the country’s Ministry of Cooperatives, Labor and Social Welfare for its fight against…

The second “Iran Project Exhibition” will be held in the city of Ashgabat in Turkmenistan, 19-21 August, announced executive manager of the exhibition, Abdolhamid Asadian, Mehr News Agency…

As trade with Azerbaijan, Turkmenistan and Iraq has either stalled or fallen, the Ministry of Industries, Mines and Trade—the body in charge of balancing trade and increasing exports—is seeking to…

The Ministry of Industries, Mines and Trade does not approve of expanding border markets, as these markets do not comply with standard trade regulations and have failed to generate significant…