Economy

The Central Bank of Iran has notified an executive directive to seven banks for allocating a major portion of their annual budgets for creating sustainable jobs through loans and incentives.

While the long-lasting stagnation in the Iranian housing sector prevailed in the first month of summer, which was expected to mark a turning point in the key sector, the number of home sales in…

Bank Melli Iran, the nation’s biggest bank, has made significant headways in conforming to International Financial Reporting Standards, its chief executive said.

Iran’s resources deposited in foreign banks could be used as collateral by exporters of engineering services in their international tender bids, a member of Tehran Chamber of Commerce, Industries…

Currently 80% of the pesticides needed in Iran’s agriculture sector are produced inside the country, the head of Plant Protection Organization of Iran, Mohammad Ali Baghestani, said.

“All…

The 26th International Exhibition of Home Furniture, otherwise known as HOFEX 2017, is scheduled to be held from August 1 to 4 at Tehran’s International Permanent Fairground.

The latest report released by the Central Bank of Iran indicates a slowdown in inflation’s uptrend.

The average inflation rate for the 12 months ending July 22, which marks the end of the…

Brazil exported about $2.2 billion worth of commodities to Iran and imported $75 million in return in the last Iranian year that ended on March 20, 2017, the head of Iran-Brazil Joint Chamber of…

Iran can achieve self-sufficiency in sugar production within the next four years provided domestic factories are equipped with up-to-date machinery.

China has traditionally been Iran's biggest trading partner. The Joint Comprehensive Plan of Action, the official name of the nuclear deal Iran signed with world powers, including China, in 2015…

Iran produced some 18 million tons of petrochemicals and polymers in the first four months of the current fiscal year (March 21-July 22), meeting nearly one-third of its production target for the…

The next version of Microsoft’s HoloLens may be better at navigating reality than the current version of the mixed-reality headset, thanks to a new coprocessor the company announced Sunday.

A new a knowledge-based website, hitechexport.ir, has been launched with the aim of exporting technological products.

The platform, supported by Iran’s Vice Presidency for Science and…

Apple has called time on the last remaining app-free music players produced by the firm, iPod Nano and iPod Shuffle, according to Reuters. The main reason for the ending of the two basic music and…

Moghan Cable and Wire Company, a local manufacturer of telephone cables, has begun exporting its products to several countries.

CEO Mehdi Ebrahimian, said his company is now exporting…

Apple Inc says it is removing virtual private network (VPN) services from its app store in China.

VPN services offer access to internal networks and are popular in several countries for…

Iran's crude oil exports to European Union countries in the first four months of the year reached 9.31 million tons, more than six times higher than those in the corresponding period last year.…

The Iranian mining sector has a lot to boast about. With huge untapped reserves, cheap energy and skilled workforce, the industry seems set to be a major driver of the economy.

Yet,…

Tehran Stock Exchange’s main index shed 88.40 points or 0.11% to end Saturday trade at 81,420.9.

About 660 million shares valued at $48.89 million changed hands for the day.

Trading…

Battling corruption in any organization requires the creation of an ambience where interactions between clients and officials are minimized.

By implementing proper mechanisms, this…

Saeed Fallahpour, an academic and a certified risk manager, has become the Securities and Exchange Organization’s new deputy for executive affairs. Fallahpour holds a PhD in financial management…

The UK is pursuing the reestablishment of ties between major British lenders and their Iranian counterparts, but according to Lord Lamont, the country’s trade envoy to Iran, complications persist…

According to the latest report of the Statistical Center of Iran, there were 8,975,135 apartments across Iran, which accounted for 39.9% of all residential units by the end of the previous fiscal…

In the month ending April 20, the government's debts to the banking system, including the Central Bank of Iran, commercial, specialized and private banks, exceeded 2.2 quadrillion rials ($58.3…

Iranian banks are reluctant to initiate interest rate cuts, the secretary-general of Private Banks and Credit Institutions Association said.