Economy

To raise cash subsidy payments to 2.5 million rials (about $66) per head, the prices of energy carriers need to rise sixfold.

The upward trend in the global flat steel market has affected Iranian flat steel prices, but buyers are still looking for discounts, Metal Bulletin learnt on May 3.

Russian steelmaker MMK…

Tehran Stock Exchange’s main index gained 372 points or 0.5% during the week that ended May 3 to close at 79,969.

IFX, the over-the-counter Iran Fara Bourse’s benchmark, gained 15 points or…

European governments are under pressure to pursue their own policies and interests in Iran and other countries of the Middle East separate from the US, partly because of fears over the…

Armenia’s State Revenue Committee has begun the modernization of a border crossing near the southern town of Meghri on the border with Iran. According to Armen Sakapetyan, the deputy chief of…

Ahmed Subhi from Baghdad is riding high on his smartphone app called Wajbety (My Meal), a service similar to Iran’s Reyhoon and ZoodFood which uses a smartphone application to place an order for…

Over-the-air Internet provider Mobinnet has launched 4G Internet services in Iran’s northern region of Gorgan, according to reports in local media.

The service launched on May 3, is the…

New Mobile Virtual Network Operator (MVNO) SamanTel has launched its pricing structure for calls, SMS and Internet as part of a push to become one of the first virtual operators to establish its…

A new website called Dideo.ir, which uses a meta search engine to scour the Internet’s biggest video websites, has been launched by students at Iran’s Sharif University of Technology in Tehran…

Iran’s non-oil foreign trade during the first month of the current Iranian year (started March 21, 2017) stood at $5.07 billion.

According to the latest report by the Islamic Republic of…

In order to increase home ownership among the youth, the Money and Credit Council, a decision-making body, voted to raise the limit of no-deposit home loans for couples. The limit for such loans…

As the Iranian presidential election on May 19 draws closer and the bank-based economy has taken center-stage among candidates and the public alike, the Central Bank of Iran in a statement…

German investors received more than $2 billion in loans in 2016 to finance Iranian projects, but these have been held up for various reasons, an official of the German financial regulatory…

New mobile payment infrastructures have been set up in Iran to facilitate the use of new payment systems such as tap-and-go cards.

The Central Bank of Iran is developing new mobile payment…

Tehran Stock Exchange’s main index inched up 27.10 points or 0.03% to end Wednesday trade at 79,969.2.

More than 1.06 billion shares valued at $79.73 million changed hands for the day.

Government tax revenues grew by 28.4% during the first 10 months of the previous Iranian year (started March 20, 2016) to reach 746.9 trillion rials.

Canada-based Anglo American Exploration and University of British Columbia have started copper exploration operations in 22 mineral zones located in the Iranian provinces of East and West…

The first major foreign investment project in the Iranian steel industry has come on stream.

The Italian Danieli Group’s steel machinery production plant was inaugurated on Tuesday by…

More than 5.81 million tons of agricultural products worth close to $5.69 billion were exported from Iran in the last fiscal year that ended on March 20, registering a 21.8% and 3.6% growth in…

Iran will hold a presidential election in less than three weeks. The six candidates approved on April 20 by the country’s Guardians Council will likely center their campaigns on what matters most…

The average annual income of Iranian households in urban areas stood at 278.87 million rials (about $7,411 at current exchange rate) and their expenses at 264.4 million rials ($6,973) in the…

About 617 tons of ice-cream sticks worth $993,000 were imported into Iran in the last fiscal year to March 2017, registering a 66.5% and 77.5% decline in weight and value respectively compared to…

Iran Air’s new Airbus A330 performed its first international flight on Wednesday.

The aircraft departed from Tehran’s Imam Khomeini International Airport at 8:02 a.m. and landed at…

A Mercedes-Benz AMG GTS has been spotted in Tehran’s northern Tajrish area on May 2, according to car fans who say the high-end sports car is the first of its kind in the capital.

Opel will use French PSA Group’s technology in the next generation of its Corsa subcompact car, a company spokesman said, confirming a newspaper report.

The current Corsa is built with…