Economy

With the support of the Information and Communications Technology Committee affiliated with the vice presidency for science and technoogy, Iran’s biggest bank has clinched a deal with one of the…

Iranian state-owned animal feed importer SLAL has issued international tenders to purchase up to 200,000 tons of feed barley and 200,000 tons of corn. The tenders close on Dec. 17, they said.…

As per a regulation ratified by the government on Nov. 8, bananas can be imported into Iran at a low tariff of 5% if oranges are exported in return.

If traders want only to import…

The Ministry of Agriculture has listed eight agro products under its export promotion policy and is currently in the process of forming a unified production and supply chains for each.

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Irish beef from across the EU may soon be destined for Iran following a new export deal.

EU’s Agriculture Commissioner Phil Hogan said significant progress had been made toward…

President Hassan Rouhani has submitted to the parliament the bill aimed at joining the International Convention for Combating the Financing of Terrorism.

The US dollar rose close to its highest registered value against the rial on Monday, as the Iranian currency also lost against a slew of other major currencies.

According to Tehran Gold…

Rial has depreciated more than 10% over the last three months against the US dollar and was quoted at 41,360 to the greenback at Tehran's foreign exchange market on Monday.

In response to reports regarding the closure of Iranian bank accounts by UAE banks, the director general of International Affairs Department at the Central Bank of Iran has announced that the…

While the Central Bank of Iran has yet to adopt an official regulatory stance on cryptocurrencies, it has warned citizens and investors against indiscreetly using them, especially the most…

As part of the latest ratifications made by the Cabinet of President Hassan Rouhani on Monday, the Ministry of Economic and Finance Affairs has been permitted to issue the guarantee needed to…

Some 414,000 tons of freight have been transported between Iran and Turkey via rail since the beginning of the current Iranian year (started March 21), registering a 54% increase compared with…

Iran Airports Company registered 37,598 takeoffs and landings in the Iranian month ending Oct. 22, which shows a 9% rise compared with last year’s corresponding period.

About 4.07…

With a café on nearly every corner in many cities around the globe, it comes as no surprise that coffee is one of the top beverages worldwide.

Different types of coffee are served in…

The 17th International Exhibition of Home Appliances is scheduled to open in Tehran on Nov. 23 and will run for four days.

Iran’s Home Appliances Association Secretary Habibollah Ansari…

Iran exported more than 39.1 million tons of mineral products worth $5.41 billion during the first seven months of the current fiscal year (March 21-Oct. 22), registering a 5.5% and 3.1% growth…

Tehran Stock Exchange’s main index gained 87.80 points or 0.10% to end Monday trade at 87,832.5.

About 892 million shares valued at $49.37 million changed hands on Monday.

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The Second International Exhibition of Meat and Related Industries, also known as Meatex 2017, opened at Tehran’s International Fairground on Monday with the attendance of 15 countries.

Heading a 50-member delegation, Agriculture Minister Mahmoud Hojjati was due to arrive in Ghana’s capital Accra on Monday to take part in sixth session of Iran-Ghana Economic Commission. The…

Iran Khodro has said it will ‘start test production’ of Peugeot 301 in the coming week.

According to the Persian-language newspaper Donya-e-Eqtesad, IKCO will launch mass production of…

Toyota’s surprise plan to build a US factory with Mazda meets several challenges for Japan’s biggest automaker but increases risk for a company mostly known for being careful.

Iran continues to adhere to a global agreement to scale back crude oil production as OPEC data on Monday showed further cuts in the country's monthly oil output.

The No. 3 OPEC…

Accepting promissory notes as non-cash collaterals for foreign exchange loans by banks is permitted, if all the other relating criteria and regulations are adhered to, the Central Bank of Iran…

The head of the private sector's main entity lambasted the prevailing corruption and rent-seeking in the country's economic sphere, saying they are the main obstacles to transparency and a level…

Lower bank interest rates, which cause more capital to flow toward other sectors including the housing sector, will prove instrumental in triggering a boom in the sector, a board member of…