Economy

The official portal of Measuring Information Society of Iran (MIS) affiliated to the Information Technology Organization announced that Internet penetration rate grew 7% during the last fiscal…

The Ministry of Communications and Information Technology launched an ambitious project on Monday to connect houses to a nationwide fiber optic network (fiber-to-the-home) with speeds of up to 1,…

The Central Bank of Iran has urged banks to set up a compliance risk department in line with Basel II Accord issued by the Basel Committee on Banking Supervision in June 2004, said the CEO of Bank…

The Fourth Iran-Europe Banking and Business Forum is to focus on investment opportunities in Iran and banking system improvements in the post-sanctions era, the head of Iran's Monetary and…

The press conference for the first-ever International Conference on Virtual Water in Iran was held on Saturday to analyze the effective use of water in agriculture in light of the country’s…

The Export Guarantee Fund of Iran, the state-owned export credit agency, issued export insurance and guarantees worth $1.6 billion in the previous Iranian year (March 2016-17), marking a 71%…

The bank accounts of Iranian nationals living in the UK currently face no problems, as was suggested by a recent article published by the British newspaper the Guardian, according to two officials…

More than 334,300 tons of apples worth close to 3.3 trillion rials ($87.1 million) were exported from Iran during the 11 months to February 18, the Islamic Republic of Iran Customs Administration…

Some $60 million worth of tilapia were imported into Iran in the last fiscal year that ended on March 20, 2017, the head of Iran’s Union of Seafood Reproduction, Cultivation and Exports said.

Iran has agreed to activate a corridor stretching from the Persian Gulf to the Black Sea through Azerbaijan and Georgia.

President Hassan Rouhani and First Vice President Es’haq…

President of Iran-Russia Chamber of Commerce Asadollah Asgaroladi said Moscow’s visa waiver program for travelers to the Russian Far East is useless for Iranian traders, as they have no commercial…

Campaign promises such as doubling the country’s revenues without specifying a comprehensive plan can turn out to be dangerous or even destructive, reads an opinion piece by eminent Iranian…

A total of 1,080 production units located in industrial parks and zones across Iran, which had been closed down, were revived in the last Iranian year that ended on March 20, 2017, the head of…

Iranian cinema takings stood at a record high of 1.63 trillion rials ($43.62 million) last Iranian year (ended March 20, 2017), up 123% compared to the year before. The highest-grossing movie of…

The Iranian economy enjoyed increased oil production and growth in the industrial sector during the three quarters of the last fiscal year that ended March 20, 2017.

Tehran Stock Exchange’s main index gained 87.90 points or 0.11% to end Sunday trade at 79,390.6.

Close to 1.3 million shares valued at $85.6 million changed hands for the day.

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Iran’s glassworkers are currently operating at 85% of their production capacity while their output exceeds domestic demand by more than 30%.

Faced with lack of domestic demand, the surplus…

HMD Global which now produces Nokia-branded phones is getting an early boost to its entry into the Iranian market with three of their newest releases already going on sale -- albeit unofficially…

China’s first cargo spacecraft docked successfully with the Tiangong-2 space lab on Saturday, the official Xinhua news agency reported, marking a major step toward Beijing’s goal of establishing a…

Seedstars World, the global seed-stage competition to identify young talents in emerging and fast-growing startup markets will be held in the Azerbaijan capital  on May 3.

The fifth…

Elections can disturb the gold market, but it has not witnessed any fluctuations so far, said the head of Tehran Gold and Jewelry Union.

"Despite the fact that presidential candidates have…

Low-cost residential units popular among first-time buyers will experience growth in prices during the current fiscal year (started March 21) and the sales of these units will also increase, said…

The Bank of Industry and Mine is currently negotiating with three foreign banks to attract funds for Iranian projects, the bank’s chief executive said.

“Negotiations are currently underway…

A notable decline in liquidity growth is a reassuring sign that Iran will be able to anchor its inflation in the single digits, the governor of the Central Bank of Iran said.

Iranian banks allocated 5,484 trillion rials ($146.2 billion) to various sectors during the fiscal year that ended on March 20, 2017, registering a growth of 1,310 trillion rials ($35 billion) or…