Economy

Iran Chamber of Commerce, Industries, Mines and Agriculture approved the outlines of its budget for the new Iranian year (March 2017-18) on Monday. According to the chamber’s treasurer, Hossein…

Iran’s top cargo shipping company has held meetings in London to discuss a possible listing on London Stock Exchange, but has so far been thwarted by US sanctions that still scare banks off…

Iran’s largest producers of flat steel is nonchalant in the face of European threats to limit Iranian steel imports, as Mobarakeh Steel Company enjoys a diverse range of products and export…

Tehran Stock Exchange’s main index gained 304 points or 0.4% to end Tuesday trade at 76,639.0.

Some 3.4 billion shares valued at $209 million changed hands for the day.

Omran Fars…

After President Hassan Rouhani took office almost four years ago Internet tariffs have decreased drastically and reached 14,000 rials ($0.37) for the base cost of transferring per megabyte.

A new paper released by researchers at the Swiss Federal Institute of Technology in Lausanne (EPFL) details the creation of gelatin-based actuators, a technology that could bring people closer to…

MTN-Irancell, Iran’s second biggest mobile network operator by size has begun distribution of its first 4.5G portable modem capable of speeds of 300Mbs. The rollout of the new tech comes only one…

US Brokerage firm Charles Schwab announced on March 13 that it has launched a service which combines automated investment technology with the added benefit of human advisors, in a first of a kind…

Iran's economy does not have the capacity for so many banks and credit institutions and hence the idea of merging them should be considered, the head of Iran Chamber of Commerce, Industry, Mines…

The government is planning to link the databases of Iran Health Insurance Organization and Social Security Organization to ease access to policyholders’ profiles, reduce prescriptions and medical…

The Council for Islamic Jurisprudence in the Central Bank of Iran–aka Fiqh Council–is to obtain an official legal status through a parliamentary vote, announced a member of the council.

As Iran is expanding railroads across the country, an executive of a major Iranian rail company said passenger rail transportation is gripped by a longstanding recession.

“It has been a…

Iranian airlines’ debt to the National Iranian Oil Products Distribution Company has amounted to 13 trillion rials ($345 million), NIOPDC’s chief executive, Mansour Riahi, said.

Tehran Stock Exchange’s main index inched up 3 points or less than 0.01% to end Monday trade at 76,332.

More than 3.3 billion shares valued at $263.9 million changed hands for the day.

The Iranian economy grew 11.9% during the three quarters of the current Iranian year (started March 20, 2016), a Central Bank of Iran official said.

CBI’s Deputy Governor Peyman Qorbani…

South Korean electronics giant Samsung has been accused by the Islamic Republic of Iran Customs Administration of violating trade regulations to evade payment of 3.36 trillion rials ($89.4 million…

Minister of Industries, Mining and Trade Mohammad Reza Nematzadeh has written a letter to First Vice President Es’haq Jahangiri, calling for a 5% rise in import tariffs on paper to reach 10% to…

Trade turnover with Iran can be increased to $1 billion per year, Armenian Prime Minister Karen Karapetyan said during the ruling Republican Party’s election campaign in Syunik Province…

Ford Motor Co’s luxury unit Lincoln plans to produce luxury SUVs in China by late 2019, as it steps up its move into the world’s largest auto market and aims to catch up with German and US rivals…

Bentley debuted the EXP 12 Speed 6e convertible concept at the auto show. But the most important part of the concept couldn't be seen.

Production lines at Diar Khodro, an independent auto producer, have been shut down over the past two months, local automotive media reports said.

According to Persian Khodro, the company’s…

South Korea's Hyundai Motors, Middle East and Africa office director, Mike Song, signed a production agreement with Iran's Kerman Motors to start production of the Elantra model in the local firm'…

A task force comprising Iranian and Finnish bank executives and experts, which was formed to remove bilateral banking hurdles, has already made headway, said the ambassador of the Scandinavian…

The central banks of Iran and Oman have signed an agreement on Sunday to prepare the ground for expansion of banking ties at the Central Bank of Iran’s headquarters in Tehran.

Valiollah…

ZPay, a payment application for foreign tourists in Iran, won Bank Pasargad Iran’s award for best financial innovation in the First Fintech Festival.

A group of 16 participating teams…