Economy

Plans are underway for eleven agent banks to sell foreign currency to non-commercial, everyday purposes as part of a new mechanism to reform the volatile currency market, says  Mehdi…

In the wake of the government authorization to the Central Bank of Iran to intervene in the foreign exchange market, the head of Majlis Economic Affairs Commission Mohammad Reza Pour-Ebrahimi…

As unilateral US sanctions against Iran snap back, pressuring the country's limited foreign currency reserves, the Islamic Republic is increasingly paying attention to marine travel as a major…

While many provinces registered declining home deals and rising prices during the first quarter of the current fiscal year that ended on June 21, others showed a vastly different trajectory.

Iran Airports Company registered 35,816 takeoffs and landings during the Iranian month ending July 22, which shows an 11% decline compared with the similar period of last year.

Close to…

Iran’s non-oil foreign trade during the first half of the current fiscal year (March 21-Sept. 22) stood at $45.3 billion, indicating a 0.7% decline compared with last year’s corresponding period…

Syrian Prime Minister Imad Khamis invited Iranian companies to invest in his country in a meeting between secretary of Iran’s Headquarters for Expanding Economic Ties with Iraq and Syria Hassan…

With the aim of promoting startups in rural areas the government of President Hassan Rouhani has launched a nationwide project offering low-interest loans to entrepreneurs in underprivileged…

With each passing week and month prices of mobile phones keep climbing in Iran and many other countries. The outrageous prices have forced many to consider getting an insurance policy for their…

Home video sales of Soureh Pictures–a major producer and distributor of Iranian feature and short films in Iran–are down 50%, thanks to a rise in the prices of DVDs, the head of the company said…

One of the reasons behind road accidents in Iran is the declining budget of the Islamic Republic of Iran Road Maintenance and Transportation Organization–the executive arm of the Ministry of…

Parvizkhan border crossing in the western Kermanshah Province’s Qasr-e Shirin County will be closed on Sept. 30, due to parliamentary elections underway in the Iraqi Kurdistan Region, the…

Iranian cruise ship Sunny, which previously only operated in Iranian waters, has commenced trips between the ports of Iran's Bandar Abbas and UAE's Sharjah.

Iranian policymakers seem to think that moderate rates of inflation make the economy perform better. 

However, a growing number of economists today believe that authorities can…

A memorandum of understanding for carrying out feasibility studies on the construction of Jolfa-Poldasht-Cheshmeh Sorayya rail route stretching from East to West Azarbaijan provinces has been…

As if the bull run is not about to relent any time soon, Tehran stocks continued their rally on Saturday as a surge of liquidity gravitates toward the equity market.

The government on Saturday authorized the central bank to intervene in the foreign exchange market to prop the rial after the currency fell to record lows in recent weeks against major…

Lawmakers will deliver their final view Sunday on a government bill allowing Iran to join the international Convention for Combating Financing of Terrorism, said the Majlis National Security and…

Home prices in Tehran soared while the number of property deals significantly declined during the sixth month of the current Iranian year that ended on Aug. 22, the Central Bank of Iran…

At least 26 travel agencies operating in Iran's capital have had their licenses revoked due to unlawful operations, as tourism authorities are tightening their oversight following severe public…

The largest private automaker Modiran Vehicle Manufacturing Co., a partner of China’s Chery, unveiled the Arrizo 6 sedan on Friday in Tehran.

The car will be showcased during the Tehran…

Iran Auto Parts Makers Association is taking the Central Bank of Iran and the Islamic Republic of Iran Customs Administration to court over misallocation of subsidized currencies, which…

Federica Mogherini, the European Union’s foreign policy chief, said a so-called "Special Purpose Vehicle" under consideration to facilitate trade with Iran could be in place “before November”.…

Seven central banks have agreed to establish a special payments channel to facilitate payments for Iran and turn this channel into an institution in the future, Foreign Minister Mohammad Javad…

Iran stock market has had a stellar performance in the first half of the current financial year that began in March. The flow of liquidity from small investors struggling to persevere their…