The banking system will start issuing credit cards to gradually meet the customers’ needs for small loans and help pull "the real economic sectors" out of the prolonged recession, a statement by…
Economy
All banks registered in Iran’s banking network are now authorized to sell housing bonds, announced a member of Money and Credit Council, a decision-making body.
The first Digital Content Creation Marathon was held at Sharif University of Technology in Tehran on Friday. The event was organized in collaboration with the Vice Presidency’s Office of Science…
Iran will host a two-day international telecom event named Iran Connect in September.
Slated for September 6-7 in Tehran, the event has been planned by Iran’s Ministry of Communications and…
MTN Irancell, Iran’s second mobile phone operator, has released a new companion app for android and iOS mobile users.
Since many use several of its mobile communications to home Internet…
Airbus, the second largest aeronautics company after Boeing, envisions a future of flying taxis operated by artificial intelligence.
The plan sounds too ambitious when it claims to begin…
Twitter revealed on Thursday that over the last six months, it has suspended 235,000 accounts for promoting extremism and terror.
The figure adds to the 125,000 users it kicked off the site…
To expedite banking transactions between Iran and China, the Central Bank of Iran on Tuesday opened two new accounts in euro and yuan with the Export-Import Bank of China (Chexim).
The Central Bank of Iran has permitted banks to open letters of credits in foreign currencies at market exchange rate.
The unification of foreign exchange rates and establishment of an interbank forex market are prerequisites set by the Central Bank of Iran for launching a foreign currency futures market,…
Insurance brokers have called for the establishment of an official union that would enable them to advise policy buyers and help promote healthy operations in the industry.
Presented during…
Iran has witnessed a significant surge in its foreign exchange earnings as a result of the steady increase in oil exports in the post-sanctions era, the governor of the Central Bank of Iran said…
Azad Omrani, a member of the Agricultural Products National Association, has cautioned against alacrity in the commercializing and consumption of transgenic crops.
More than 10.76 million tons of wheat worth 137 trillion rials ($3.87 billion at current market exchange rates) have been purchased from local farmers by the government since the beginning of the…
Around 400 tons of illegally imported goods, including food items and clothing, worth 150 billion rials ($4.24 million at current market exchange rates) were destroyed in Tehran on Wednesday, in…
Iran exported 305,200 tons of non-oil goods worth $137.4 million to Taiwan during the first four months of the current Iranian year (March 20-July 21) indicating a threefold rise in value compared…
Three separate groups of Boeing officials are in Iran this week to discuss their $25 billion aircraft sale to the country. The official trip to the Islamic Republic follows ongoing obstacles Iran…
First quarter growth figures, released this week, have stirred fresh debate among economists and politicians. The business community was apparently not impressed by the data and stock markets…
Authorities have conditioned the import of household appliances into Iran to licensed representatives of foreign brands who provide after sales services, the Trade Promotion Organization of Iran…
The 1st International Exhibition of Foodstuff, Beverages, Machinery and Related Industry, otherwise known as ‘Kish Foodex 2016’, is scheduled to be held in Kish Island in southern Hormozgan…
Volkswagen will sign an investment deal with an unnamed Iranian private automaker in the coming weeks, a deputy industries, mining and trade minister said. Mansour Moazzami added that several…
Iran Standards and Quality Inspection Company released a new report on the quality of 33 locally-made cars.
The new statistics show domestic cars are still suffering from lower than…
Bank Sepah’s branch in Frankfurt has connected to Target 2, an interbank payment system, said Bank Sepah’s CEO on Tuesday
Bank Melli Iran has started offering bank guarantees for exporters of engineering services to Oman through its branch in Muscat.
Nine Iranian ships have received coverage from the Steamship Mutual Underwriting Association Limited of P&I Clubs since 31 July 2016, Islamic Republic of Iran Shipping Line announced on…
