Economy

An official at the Central Bank of Iran says it has no plans to tax bank account deposits, noting that bank deposits are not legally taxable.

Deputy governor of the Central Bank of Iran for foreign exchange affairs says that even though currency swap agreements have been reached between Iran and some countries, the deals have yet to be…

 total of 15,431 homes were sold in Tehran during the month that ended on May 20, which was a y/y increase of 8.2%. It is seen as a sign that the property market is slowly but steadily…

Non-stick cookware has turned into a favorite with consumers for it has made cooking much easier than it used to be.

The International Festival of Leaders in Packaging Industry is scheduled to open on May 30, which is to be followed by a four-day specialized exhibition in the field.

“In recent years,…

Economic activity rests on the legal framework.

As economic recovery is the prime subject of Iran’s politics and policy, the government recently introduced a stimulus package for boosting…

Small steelmakers risk going out of business unless import tariffs are raised, says Rasoul Khalifeh-Soltan, the chairman of Steel Producers Association. “Considering the global recession in the…

TEDPIX, Tehran Stock Exchange’s all-share index, shed 162.40 points or 0.21% to end Saturday trade at 76,690.6. Auto manufacturing, copper and steel companies weighed most on the benchmark.

Strawberry production stood at 56,000 tons in the last Iranian year (March 2015-16), with Kurdestan Province accounting for 40,000 tons of the figure, says Reza Rouyintan, an official with…

Iran has signed a memorandum of understanding with the UK for transfer of technology in the rail industry. CEO of Islamic Republic of Iran Railways and deputy minister of roads and urban…

According to Arvand Free Zone Organization, more than $1.4 billion worth of non-oil goods were exported from the region in the last Iranian year (March 2015-16). As reported by IRNA, Iraq…

Iran’s egg exports have stopped since early May because Iranian producers cannot compete with their Turkish counterparts in the international markets, said the head of Tehran’s Union of Producers…

Iran’s non-oil foreign trade in the first two months of the current Iranian year (March 20-May 20, 2016) reached $12.35 billion. According to the Islamic Republic of Iran Customs Administration…

The discrepancy between an employee’s education and occupation blights the Iranian market and the main reason behind people’s dissatisfaction with their jobs which, in turn, gives rise to…

Alfa Romeo's new Giulia midsize sedan is a "make or break" model for the brand, Fiat Chrysler Automobiles Chief Technology Officer Harald Wester said.

A high-ranking delegation from Iran's automotive sector will soon be travelling to Paris to establish new business ties with global brands.

The highlight of the visit is that…

Japan's iconic ISUZU brand has launched its latest vehicle in the Iranian market costing 1.18 billion rials ($33,700).

The latest version of the vehicle launched at a hotel in West Tehran…

Iranian automotive websites have released pictures of a new version of Iran Khodro's latest indigenous sedan Dena. The new pictures released on Donyaye Khodro purport to show an upgraded white…

The general manager of anti money-laundering division of the Central Bank of Iran has announced that the “corporate governance directive” will be communicated “within the next few days” to all…

The government expects the Central Insurance company of Iran to strengthen its supervision of the insurance market and follow through the reforms initiated by the regulatory body’s previous head,…

The Alpine region of Carinthia in Austria hopes to cooperate with Iran and is looking forward to joint investments, the regions’ Minister of Economy Christian Benger said.

The Central Bank of Iran is pushing banks to meet the standard capital adequacy ratio (CAR) to make them eligible for reintegration into the global banking system, CBI Governor Valiollah Seif said…

Some $10 million worth of contracts were signed by Iranian companies and their Iraqi counterparts at Iran’s exclusive exhibition in Basra, the exhibition organizer said.

Alireza Sadrzadeh…

The removal of almost all sanctions on Iran’s economy is expected to herald a new era for the country and lead to a significant uptick in economic growth.

Crucially, Iran will be…

Two international exhibitions on leather products and hospitality services opened simultaneously in Mashhad, the capital of the northeastern Khorasan Razavi Province on Wednesday.