Economy

The rial hit a record low against the US dollar in Tehran's foreign exchange market, in keeping with its customary surge in December every year.

On Sunday, the rial was quoted at 41,550…

Expanding financial tools and their role in boosting national production and employment have been the main topics of discussion at the Third Islamic Finance Conference held in Tehran on Saturday…

After several delays, the much-anticipated plan to integrate the payment systems of Iran and Russia will be implemented by Dec. 10, the governor of the Central Bank of Iran announced.

Tehran Stock Exchange’s main index shed 344.90 points or 0.38% to end Sunday trade at 90,951.8.

About 1.28 billion shares valued at $48.81 million changed hands for the day.

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Tehran Stock Exchange had a rapid growth last week, as it not only reached its all-time high record, but also zoomed past two 1,000-point channels.

It has also had the highest return on…

The consumption of mushroom in Iran has been growing in the last five decades. Currently, 700 hectares of land are under mushroom cultivation across the country.

Malard Mushroom Factory…

Iran produced 30.53 billion cigarettes during the eight months of the current fiscal year (started March 21), indicating a 10% rise year-on-year, the head of Tobacco Planning and Supervision…

Profiting from higher global energy prices, Iran is shipping out larger volumes of gas condensates, a type of ultra light crude, on the strength of additional supplies from the giant South Pars…

Asian markets continue to remain the largest recipient of Iranian crude, as European customers account for around 40% of Iranian oil exports.

Iran shipped 60% of its crude exports to…

Apple Inc’s chief executive Tim Cook said developers using its platform in China number 1.8 million and have earned a total 112 billion yuan ($16.93 billion), representing roughly a quarter of…

Samsung Electronics’ $8 billion purchase of audio electronics company Harman has given the technology conglomerate confidence to chase more big deals, its strategy chief said on Friday.

Iran’s largest ride-hailing company, Snapp, has expanded into four northeastern cities. The company launched services in Babol, Sari, Qaemshahr and Rasht after its successful launch in other…

BlackBerry has accepted an International Chamber of Commerce (ICC) decision that the company must pay Nokia $137 million due to a contract dispute.

The latter allegedly accused the…

According to the Ministry of Industries, Mining and Trade, 44,719 jobs were created in 27 industrial fields in Iran during the first half of the current fiscal year (March 21-Sept. 22),…

Russian Prime Minister Dmitry Medvedev has welcomed Iran’s accession to Shanghai Cooperation Organization, saying Moscow sees no obstacle to Iran’s full membership in the organization.

China, Iraq, the UAE, South Korea and Afghanistan were Iran’s top export destinations in the descending order over the eight months of the current fiscal year (March 21-Nov. 21), the latest…

President Hassan Rouhani, who is visiting the southeastern province of Sistan-Baluchestan, inaugurated the first phase of Chabahar’s Shahid Beheshti Port on Sunday.

Italy concluded a series of commercial talks with Iran this week, strengthening ties with the Middle Eastern country, despite the United States adopting a more hardline approach toward Tehran.…

Senior ministerial officials of Iran and the Netherlands signed a joint plan of action on expansion of bilateral economic ties in the coming year.

In light of Iranian banks’ expanded international role in the post-sanctions era, the volume of Bank Melli Iran’s forex transactions exceeded $3 billion during the first 100 days of the second…

Six Iranian lenders are planning to rid themselves of their excess properties by staging four auctions from Dec. 22 to Jan. 5, 2018, the head of the Company for Selling Banks’ Excess Assets, aka…

The minister of communications and information technology has announced that Iran's infrastructures are ready for the implementation of digital banking.

The development of Islamic financial system in the Muslim world and the use of science, technology and innovation within the framework of Islamic finance to boost sustainable development were…

Governor of the Central Bank of Iran Valiollah Seif has again backed the possibility of mergers in the Iranian banking industry that badly needs reforms to address its many challenges. Seif also…

A total of 98.14 million tons of oil and non-oil goods were loaded and unloaded in Iranian ports during the eight months of the current Iranian year (March 21-Nov. 21), the managing director of…