Economy

A few months into the implementation of a Central Bank of Iran directive that meant changes for the banking system, depositors and markets, the regulator’s deputy for economic affairs has deemed…

As per the directive recently implemented in the banking system, natural persons are only allowed to open a total of six accounts with each bank while none of the accounts can be of the same…

As per the directive notified by the Iranian National Tax Administration, bank accounts with an annual turnover of over 50 billion rials ($1.19 million) are subject to anti-money laundering…

Private sector players and government officials engaged in the steel sector met on Sunday at the Ministry of Industries, Mining and Trade to discuss the steel industry’s potential and challenges…

The Iranian coal industry, long underutilized despite its massive potential, is capable of driving the mining sector, boost energy production and create the sorely-needed jobs envisioned in the…

The government has limited the hours during which import order registrations can be made.

Based on the new regulation, importers are required to register their orders online only from 8…

Tehran and Kiev agreed to cooperate on protecting and breeding different plant species.

The agreement took effect in accordance with a directive by Cabinet ministers who authorized the…

Iran exported close to 1.3 million tons of goods worth $374 million to Oman during the eight months to Nov. 21, Iran’s commercial attaché to Oman, Abbas Abdolkhani, said. The main exported…

Iran ranks first among countries in the Near East and North Africa region when it comes to fuel and food non-targeted subsidies as a percentage of GDP, according to a new FAO report published on…

Iraq has agreed to reduce import tariffs for Iranian dairy products from the current 40% to 10% as of early 2018. The agreement was reached in a recent meeting between the head of Iraq’s General…

Iran’s semi-finished steel exports during the eight months since the beginning of the current fiscal year (March 21-Nov. 21) stood at 4.22 million tons, growing 84% year-on-year, the Iranian…

Tehran Stock Exchange’s main index gained 713.35 points or 0.74% to end Sunday trade at an all-time high of 97,529.4.

About 967 million shares valued at $60.29 million changed hands at…

Statistics released by Iranian Legal Medicine Organization (the country’s coroner’s office) on road accidents during the seven months to Oct. 22 show 10,155 lives were lost in roads nationwide,…

Local mobile operator Mobile Communication Company of Iran is now offering WiFi calling services.

WiFi calling is a technology that enables smartphone users to make calls over a wireless…

Parsian Bank and the government-backed Innovation and Prosperity Fund (NSFund) signed a memorandum of understanding over the weekend under which the bank will offer loans to knowledge-based…

Two class action lawsuits have been launched against Apple in the US following the tech giant’s admission that it slows down older models of the iPhone as they age.

Apple has said that…

Mobile operator MTN-Irancell is expanding its presence in the northern city of Rasht.

In a meeting between Irancell’s deputy director Mohammad Reza Mansouri and  Rasht Municipality…

China has closed more than 13,000 websites since the beginning of 2015 “for breaking the law or other rules” and “the vast majority of people support government efforts to clean up cyberspace”,…

A majority of goods are imported into Iran using foreign currencies at official rates, meaning that those able to engage in imports through this channel rack up significant gains, the deputy…

The Majlis Economic Commission will present its report on Iran’s status vis-à-vis the Financial Action Task Force in coordination with the Supreme National Security Council, the head of the…

Iranian insurance companies have paid out over 35 million claims during the previous fiscal to March 20, 2017, which indicates a growth of 10 million compared to its previous year.

Comprehensive policies that will allow for fees to be obtained from people on payment transactions made with retail point of sale devices will be finalized by the end of the current fiscal year…

Bank Mellat is to launch a comprehensive project with the aim of boosting digital banking across all its services, its chief executive said.

Managing Director of the Islamic Republic of Iran Shipping Lines Mohammad Saeedi said on Saturday the first of 10 new ships ordered by his company from Hyundai Heavy Industries will be delivered…

Tehran Stock Exchange’s main index gained 1,307.43 points or 1.37% to end Saturday trade at an all-time high of 96,816.

About 1.17 billion shares valued at $73.20 million changed hands…