Economy

The international duty-free retail arm of Dublin Airport Authority is studying opportunities to enter Iran, following deals in Oman, Saudi Arabia and the UAE, its CEO has revealed.

The foreign exchange market is one sector of the Iranian economy almost always affected by economic and political upheavals. Similarly, it exercises a major influence over key economic indicators…

The World Bank believes in an average growth of 2.9% this year for the Middle East and North Africa, reflecting largely the expectations for Iran’s economic recovery after the lifting of the…

The Central Bank of Iran has ordered banks and credit institutions to allocate a minimum 10% of their loans to small and medium-sized businesses in a move to help create jobs and lift the…

As more fat cat paychecks of senior executives and public-sector bankers surface on social media websites, Majlis Speaker Ali Larijani has called on the Supreme Audit Court to launch an official…

Lately, media outlets have been awash with commentaries about the new contract struck by Iran and India as its main signatories as well as Afghanistan to develop Chabahar Port in southern Iran.…

China’s NFC and PowerChina companies have expressed interest in making investment in Iran’s mining and mineral industries’ development projects.

Bearishness continued to dominate markets this week, as shares on both Iran’s equity exchanges declined while trading volume plummeted.

Rival markets were also eventless. Currencies held…

Iran is Asia’s fourth largest lead and zinc producer following China, Kazakhstan and India.

This is while the country’s per capita zinc consumption stands at about 1.14 kg, compared to…

Half of the farm tractors and combine harvesters in Iran are old and dilapidated, and should be disposed of, the head of Mechanization Center of the Ministry of Agricultural Jihad said. “Currently…

Between 50,000 and 60,000 tons of eggs are exported annually and more than 850,000 tons of the product are consumed domestically, the head of Tehran’s Union of Producers of Egg-Laying Chickens…

Pomegranate production is predicted to reach 1.1 million tons in the current Iranian year (March 2016-17), indicating a 10% rise compared with last year’s corresponding figure, Abolqasem…

The volume of cross-border cargo transportation via railroads grew 95% in the last Iranian year (March 2015-16) compared to the year before to reach over 1.4 billion tons, according to Mohammad…

The easing of decade-long trade sanctions against Iran by the developed world offers packaged food makers an opportunity to access the country's 80-million-strong consumer base.

At the end…

Uber has been an active presence in courts all over Europe and faced bans in the Netherlands, France, Romania, Bulgaria and Italy.

Many other countries are still investigating Uber and…

Iranian companies are going to be more than happy that a new survey says Instagram has an incredible reach in terms of advertising.

Reuters reports that users are using Instagram more…

Google co-founder Larry Page is backing two startups that are working on flying cars. Zee.Aero, into which Page has poured more than $100 million since it started in 2010, conducts test flights of…

A scientific delegation from Iran attended the 30th Executive Committee Meeting and 15th General Assembly Meeting of the Standing Committee on Scientific and Technological Cooperation of the…

Indian refiners have turned to State Bank of India and Germany-based bank Europaeisch-Iranische Handelsbank AG (EIH) to speed payment of billions in Iranian oil dues they still owe to Tehran,…

The Trade Promotion Organization of Iran Wednesday said $11.7 billion in subsidized foreign exchange had been used for imports during the first 70 days of the current fiscal year that started…

Mellat Bank branch  in Yerevan has attracted € 10 million after international sanctions on Iran were eased, the executive director of the bank Seyed Gholamreza Mousavi said in an interview…

The Majlis Research Center has suggested the government repay a portion of its huge debts to the banking network by issuing Islamic Sukuk with maturity in the medium-term.

Cooperatives need a private bank of their own to access their 15% share of financial market facilities, as was planned in the Fifth Five-Year Economic Development Plan that ended in March, said…

As the new 800-million-rial ($26,000) loan of the Housing Savings Account scheme came into effect Wednesday, a Bank Maskan official said as a result home sales could pick up by as much as 10%.

Bank Saderat Iran, managed to reduce its non-performing loans by 10% last year, the bank’s chief executive, Esmaeil Lalegani said on Wednesday. BSI chief also added that his bank is developing a…