Economy

Former governor of the Central Bank of Iran, Tahmasb Mazaheri, lays the blame for the first-ever rejection of the general outlines of the country’s budget by parliamentarians on hereditary…

The rial continued to drop to record lows against the US dollar on Sunday, ending a short spell of stability that held for only a few days after the government assured the public that volatility…

The Central Bank of Iran has backtracked on its directive that was supposed to be implemented from Sunday and aimed at boosting information safety in the banking system by making end-to-end…

Bahar Azadi gold coin gained 0.63% on Sunday ahead of a presale by the Central Bank of Iran scheduled on Tuesday. The benchmark coin fetched 15.19 million rials ($320), staying above its…

Iran’s payment settlement network Shaparak processed more than 1.443 billion transactions worth 1.50 quadrillion rials ($32.02 billion) in the ninth month of the current fiscal year to Dec. 21,…

Tehran Stock Exchange’s main index gained 89.39 points or 0.09% to end Sunday trade at 97,808.2.

About 719 million shares valued at $36.6 million changed hands at TSE for the day.

The railroad to connect Iran’s northwestern city of Astara to a namesake Azerbaijani city will come on stream in the first month of the next Iranian year (starting March 21), the director…

As approved by the Iranian Parliament on Sunday, those with an annual income of less than 276 million rials ($5,872) will be exempt from paying income tax in the next Iranian year (March 2018-19…

Bank Mellat plans to sell 15 trillion rials ($326 million) worth of certificates of deposit during the next five trading days. The sale of CDs is scheduled to begin today and continue till Feb.…

Iran had a 0.34% share in global trade in the last fiscal (March 2016-17), Tehran Chamber of Commerce, Industries, Mines and Agriculture cited World Trade Organization’s statistics as reporting…

The Seventh Game and Toy Exhibition is set to open at the Institute for Intellectual Development of Children and Young Adults in Tehran on Monday.

The event is a platform for domestic…

Close to 170,000 tons of wheat flour were exported from Iran during the first eight months of the current fiscal year (March 21-Nov. 21, 2017), registering a 13-fold rise more compared with the…

Trade between Iran and Denmark during the 11 months to Nov. 30, 2017, stood at over €293 million, registering a 20% rise compared with the similar period of last year, based on the latest…

Inclusive growth is what international organizations recommend these days, and it’s hard to argue otherwise. 

Economic growth is better when rich and poor benefit equally. Better…

Oil Minister Bijan Namdar Zanganeh said on Sunday the country's oil output has increased by 165,000 barrels per day in the last 10 months compared with the corresponding period of last year.…

Instagram hit 24 million active users in Iran in January, making the country the seventh biggest market for the photo-sharing app.

Iran has 80 million people, which means that 30% of the…

A year after its tiny, experimental rocket failed to reach orbit a year ago, the Japanese Aerospace Exploration Agency (JAXA) successfully launched an experimental rocket into orbit this weekend…

Male rats exposed to very high levels of the kind of radiation emitted by cellphones developed tumors in the tissues around their hearts, according to a draft report by US government researchers…

Close to 87,000 tons of yogurt worth $108 million were exported from Iran in the first eight months of the current Iranian year (March 21-Nov. 21, 2017), indicating a 20% fall in weight but a 2…

Iran exported over 5.37 million tons of mineral products worth $672.9 million to Afghanistan during the first nine months of the current fiscal year (March 21-Dec. 21), the Islamic Republic of…

The prices of Iranian cigarettes will increase by 50% as per the parliament’s addendum to the government’s proposed budget bill for the next fiscal year (March 2018-19), the head of Tobacco…

Iran’s trade with Turkey stood at $10.75 billion in 2017, registering an increase of 11.24% compared to 2016, latest figures from Turkish Statistical Institute shows.

During the year,…

Iran’s Keshavarzi Bank, also known as Agribank, has granted 290 trillion rials ($6.19 billion) worth of loans to farmers since the beginning of the current Iranian year (March 21, 2017), which…

Trade transactions between Iran and Romania during the 11 months to Nov. 30, 2017, reached €437.13 million, indicating a 12% rise compared with the corresponding period of last year, based on…

The US dollar broke above the 47,000-rial threshold by Saturday’s market close to signal yet another weakening of the Iranian currency. The greenback had lost some ground to be quoted at around…