Economy

The assistant director-general of the United Nations Educational, Scientific and Cultural Organization (UNESCO) said earlier this week that she has always admired the advances Iran has made in…

South Korean flat panel maker LG Display Co. showcased on Tuesday a detachable organic light-emitting diode (OLED) panel that sticks to the wall, renewing its pledge to focus on the high-end…

Line, the Japanese messaging app with 205 million active users, is continuing its push into entertainment services after it began testing a standalone $2 per month music streaming app,…

LG, South Korea's second largest electronics manufacturer, has announced it will tie up with Arman Hamrah Aryan Company in Tehran for distribution of their electronic devices inside the country,…

Establishing investment funds can pave the way for an array of new leasing bonds, the use of which is gaining in popularity in the capital market compared with other methods of funding, SENA…

According to Minister of Cooperatives, Labor, and Social Welfare, Ali Rabi'ie, last Iranian calendar year (ended March 20), mining accidents decreased by 40% compared to the previous year, IRNA…

Stocks waxed and waned on Wednesday, with indices swinging between gains and losses, however the bumpy ride at the Tehran Stock Exchange was accompanied by the benchmark settling in green.

Golgohar Mining and Industrial Company offered 100,000 tons of granulated iron ore, priced at $33 per metric ton, on the Iran Mercantile Exchange export trading floor on Wednesday.

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The agriculture sector is constantly looking for innovative and modern techniques to increase crop efficiency and produce high quality and safe food, feed, and fiber at affordable prices. Recently…

Deputy minister of industry, mine, and trade, Mohsen Salehinia, says the cement sector is to increase the annual production to 90 million metric tons this Iranian calendar year (started March 21…

Iranian lawmakers have passed an interest-free motion that would further regulate banking and monetary operations, IRNA reported on Wednesday. “The banking and monetary operations should be…

The central bank’s capping of interest rates will increase rent-seeking and corruption, and also waste the banking system’s resources, as seen several times in the past, a prominent economist told…

The Money and Credit Council on Tuesday agreed to raise the ceiling of mortgage loans after months of debating to help the housing market out of recession by stimulating demand. All private and…

Uncertified financial institutions have come under unprecedented fire from the Central Bank of Iran and other government officials in recent months.

Minister of Cooperatives, Labor and Social Affairs, Ali Rabi’ie says the government has no intention to stop payment of cash subsidies to low and middle-income households, adding that provisions…

Iranian and Serbian officials in a meeting in Tehran on Tuesday explored avenues to expand bilateral trade, with both sides calling for the establishment of Iran-Serbia joint economic committee by…

Iran and Hungary should reinvigorate their banking relations before they can increase their trade which is currently hovering around $40 million per annum, minister of trade, mine and industry,…

More than a year after the parliament decided to levy tax on empty dwellings, the enforcement of the bill is still pending two major steps: approval by the Guardian Council and establishment of an…

During the past Iranian calendar year (ended March 20), about 3.6 million metric tons of fruits and vegetables worth $2.2 billion were exported, said the President of the National Union of…

Kyrgyzstan’s Ambassador to Iran, Asanbeyk Osman Aliyev, called for promotion of bilateral business ties, in a meeting held in Mashahd on Tuesday with governor-general of the northeastern Khorasan…

An Iranian trade delegation is scheduled to visit Venezuela next month to put an end to the recent slowdown in bilateral trade relations, head of Iran’s Trade Promotion Organization, Valiollah…

Saipa Automotive Group’s CEO has said that to remain competitive his company will increase their prices by 15 percent, ISNA reported. Saeed Madani said that “prices across the board will increase…

Chairman of Iran's Institute for Trade Studies and Research says the Iranian government and parliament are working on new incentives to encourage foreign investment in the automobile industry,…

Automakers including Volkswagen, General Motors and Ford Motor are slashing prices for vehicles they sell in China in response to a slowdown in demand that threatens the industry’s rich profit…

Iran’s e-check system, Chekavak, will go online nationwide on May 26. The new system is aimed at reducing the number of bounced checks and making transactions more secure, the Central Bank of Iran…