Economy

In the latest measure to gradually revitalize Iran’s banking relations with other countries following the lifting of international sanctions, the governor of Central Bank of Iran, Valiollah Seif,…

Iranian fintech firms and startups have been in the spotlight in recent months, with bankers expressing interest in forging partnership with them. Some experts, however, are concerned about the…

High-ranking officials of Iran and Luxembourg have signed an agreement to support investments and improve banking ties.

Throughout history, the path to industrial development has been paved by steel industry. It has built up invaluable infrastructures, spearheaded technological development and spurred economic…

The government has made an aggregate payment of 119 trillion rials ($3.12 billion) to Tehran Municipality over the two past two years, of which 61 trillion rials ($1.59 billion) were paid in the…

Some 120 lawmakers have signed a parliamentary motion aimed at improving the lives of border residents and couriers. 

Maritime transportation accounts for about 87% of global trade, which figure for Iran currently stands at 85%, the CEO of the Islamic Republic of Iran Shipping Lines said.

According to…

Some 90% of contraband household appliances have been confiscated from stores selling these products across the county, the head of Iran’s Home Appliances Association said.

Trade between Iran and Pakistan over the nine months to December 20, 2016, increased by 35% compared with the preceding year’s corresponding period to stand at $805 million, according to Iran’s…

Iran Aseman Airlines is set to lease seven A320neo from an undisclosed Irish firm following the signing of a memorandum of understanding between Iran’s Civil Aviation Organization and the Irish…

The share of Iran’s joint research papers with foreign scientists in 2016 shows a 5% increase compared to the previous fiscal year, said Minister of Science and Technology Mohammad Farhadi, at a…

Dubai has tested a Chinese prototype of a self-driving hover-taxi, its transport authority said on Monday, with the aim of introducing the aerial vehicle in the emirate by July.

The test of…

During the last four years, Iran’s fiber optic network has grown 19% with access to high-speed Internet increasing 565%, ISNA reported.  In addition, the number of villages with Internet…

More than 3,000 Telegram channels with over 5,000 members have registered their details with the Ministry of Culture following an announcement by the government in January.  

An…

The launch of Iran’s National Information Network (NIN) has barely reduced Internet prices for end users, says the chairman of the board of directors at Shatel, Iran’s largest private internet…

Iranian banks are now able to employ all anti-money laundering (AML) measures and the framework for combating the financing of terrorism (CFT), according to the deputy governor for foreign…

In order to optimize the opportunities created by the removal of sanctions following Iran’s nuclear deal and to ease banking services to foreign investors, the Central Bank of Iran has…

All banks will now be able to access audit reports online, the director general of Iranian Association of Certified Public Accountants announced.

“Filing of requests by the banking system…

The ban on online currency trade by exchange shops will be eased and the Money and Credit Council is in charge of following up the matter, the Central Bank of Iran’s head of IT and Communication…

The Central Bank of Iran has not forced banks to stop lending, but banks can only lend if they have enough credit since the CBI strictly opposes overdrafts from its resources, CBI’s credit manager…

Iranian zinc smelting plants use only 150,000 tons of their 450,000-ton production capacity, the head of Iran Lead and Zinc Exporters Association said.

Iran Mercantile Exchange started listing saffron for trading using commodity-linked certificates of deposit in Khorasan Razavi Province on Sunday.

The first saffron trade transaction took…

There is no denying that a large portion of the Iranian economy, if not all of it, is steered by the government. 

And the private sector, touted as the voice of free market…

Some 160,000 tons of sweet almond valued at close to $1 billion are produced in Iran every year, of which 4,000 to 5,000 tons worth $25 million are exported to 26 countries, including Turkey,…

The Russian planemaker Sukhoi Civil Aircraft Company is trying to obtain a license from the US Treasury Department’s Office of Foreign Assets Control to sell its Super Jet 100 aircraft to Iran,…