Economy

The value of foreign currency accounts in local banks has exceeded $10 million, following increasing public interest in such accounts, the Central Bank of Iran reported on Thursday.

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Top officials of the Ministry of Roads and Urban Development and Tehran Municipality convened on Tuesday and approved measures for expansion of a revitalization program to areas surrounding the…

The total volume of loans allocated to Iran's housing and construction sector by banks and credit institutions during the first five months of the current fiscal year that ended on Aug. 22…

The goods and services Consumer Price Index for urban areas for the Iranian calendar month ending Sept. 22, increased by 31.4% compared with the similar month of last year, the Central Bank of…

A French delegation from Association Nationale des Industries Alimentaires (French for the National Association of Food Industries) and Union Française des Semenciers (French Union of Seeds) is…

Tehran and four other provinces namely Fars, Isfahan, Khorasan Razavi, and Khuzestan are the largest markets for video games, generating 5.1trillion rials ($31 million) for the sector in…

Two Iranian startups, Alounak.com, an online platform active in the housing market, and Sheypoor, a classified ad site, say they have a merger agreement that is in the final stages.

The Institute of Standards and Industrial Research of Iran will replace the numerical standard codes printed on products with QR codes to provide customers with an easier way to access product…

Naghsh-e Jahan Stadium in Isfahan has been connected to the local fiber-optic network and equipped with several WiFi access points as the sports complex seeks to facilitate visitors’ access to…

Tehran stocks are hitting new highs in a rally that seems to have no ceiling, at least for now. The market picked up where it had left off on Tuesday on the heels of more positive news from the…

The currency market was hit with a new bout of volatility on Wednesday with the US dollar crossing another threshold on the open market. According to the Tehran Gold and Jewelry Union website,…

The government bill that allows Iran to join the international Convention for the Suppression of the Financing of Terrorism is back on the Majlis floor after the two-month hiatus had stalled the…

A total of 95.83 tons of saffron worth around $123.73 million were exported from Iran during the first five months of the current Iranian year (March 21-Aug. 22).

This shows a 37% and 33…

More than 1,600 tons of shrimps have been produced in 45 farms in the southeastern Sistan-Baluchestan Province’s port city of Chabahar since the beginning of the current Iranian year on March 21…

Iran’s exports to Iraq stood at more than $4.16 billion during the first half of the current Iranian year (March 21-Sep 22), registering a 31% rise compared with the similar period of last year…

Iranian steel mills produced a total of 16.43 million tons of crude steel during the first eight months of 2018, up 21.6% compared with last year’s corresponding period.

The Iranian government has spent 255 trillion rials ($1.73 billion) in capital expenditure during the first five months of the current Iranian year (started March 21), which is 450% more…

The Islamic Republic of Iran Customs Administration now allows local producers to clear up to 70% of their imports of raw materials and industrial machinery before going through customs…

Track laying of Qazvin-Rasht Railroad will be completed within a month and the rail route will be ready to come on stream by the end of the current Iranian fiscal year on March 20, 2019.

Following an extended delay in delivery of presold Renault cars in Iran, the French automotive company’s partner in the country Pars Khodro has issued a statement apologizing to customers saying…

Following the public outcry over illegal car imports often reported in the local media, the Majlis launched an inquiry the results of which were published on Tuesday. In short, the law…

Iran's second largest carmaker SAIPA delivered 26,000 presold cars during the month ending Sept. 22.

In a statement on its website, the company assured customers that the delivery of…

In a water-stressed country like Iran generating electricity via thermal power plants which consume massive amounts of water cannot be a viable option anymore.

OPEC Secretary-General Mohammad Barkindo called for cooperation between OPEC and non-OPEC countries, warning that failure to do so could lead to one crisis after another.

Foreign exchange rates were again defiant and continued to climb on Tuesday with the US dollar surpassing the all-time high of 160,000 rials. 

According to the Tehran Gold and…