Economy

Three state-owned banks, Bank Melli Iran, Bank Sepah and Bank Keshavarzi have gained parliament approval for increasing their capital by 50 trillion rials ($1.65 billion).  The capital…

Italy announced 8.8 billion euros ($10.05 billion) in credit and financial guarantees to re-launch exports to Iran, the Italian export agency said on Tuesday.

Iran has been a producer of colored pencils for over four decades. Since 2011, however, domestic markets have lost ground to foreign imports.

The new Iranian year started on March 20 with much promise for the country’s mining and base metals sectors, evident from their solid performance at Tehran Stock Exchange as they have been among…

The High-Speed Rail Technology in Iran Conference will be held in Tehran on May 17, in cooperation with Japan. The event is organized by Japan Engineers Federation and the Islamic Republic of Iran…

Warning the parliament against a new bill to increase tariffs and duties on cigarettes, chairman of the Association of Producers, Importers and Exporters of Tobacco Products, Mohammad Reza Tajdar…

Improving the business environment, paving the way for domestic and foreign investors and bolstering non-oil exports are the main demands of the private sector from the government in the current…

Iran’s greenhouse area will increase fivefold by the end of the Vision Plan in 2025, says an official with the Ministry of Agriculture.  “Figures on Iran’s greenhouses in the last Iranian…

Customs clearance formalities now take three days, down from the previous 26 days, which has reduced costs by 280,000 billion rials (around $8 billion at market exchange rate), IRNA quoted Masoud…

American planemaker Boeing discussed jetliner sales and maintenance services with seven Iranian airlines during a two-day visit to Tehran, according to the secretary of the Association of Iranian…

Iran has been a major importer of Indian rice during the past few years and imports have continued, even though the product revealed relatively high levels of arsenic contamination.

As many as 20,000 manufacturers of luxury furniture are active in Iran, the head of Tehran Carpenters and Furniture Producers Union said.

“Despite this, Iran’s furniture industry has a poor…

Iran's Minister of Communications and Information Technology Mahmoud Vaezi met with Estonian Foreign Minister Marina Kaljurand on Monday.

Vaezi said Tehran is willing to increase…

Iran's Vice President for Science and Technology Sorena Sattari and Kazakhstan's Minister of Investment and Development Asset Issekeshev signed memorandums of understanding in the fields of…

Kazakhstan’s Committee for Communication, Informatization and Information has blocked the Tumblr microblogging platform on charges of promoting terrorism and religious extremism as well as porn.…

Leading British online fashion retailer ASOS (As Seen on Screen) met forecasts with an 18% rise in first-half profit and said it was on track to achieve its sales and margin guidance for the full…

Iran Stamp Society has launched an app named "Stamps of Iran" in the Persian language, which allows users to learn more about Iran's postal history.

The new app is only officially…

No train will be allowed to run at speeds below 130 kilometers per hour on Tehran-Mashhad route in the new Iranian year (started March 20), said the managing director of Islamic Republic of Iran…

Azadi gold coin sold for a record 10.39 million rials in Monday trade, a 0.68% increase, compared with the previous day’s close following the increase in global bullion prices. This marks a three-…

Bank Maskan, the special housing lender, paid a total 95.4 trillion rials ($3.15 billion) in loans during the eleven months ending February 19, indicating a year-on-year growth of 21%, said…

Iran and Turkey are planning to establish a joint bank, said Mahmoud Vaezi, minister of communications and information technology, who also is President Hassan Rouhani’s special envoy for Turkey…

The majority of Iranian banks are now connected to Swift, the international interbank messaging network, and more than 300 correspondent relations have been established with international banks,…

In a meeting with Sarmayeh Bank officials, Azerbaijan’s Zamin Bank presented its services including bank cards, in an attempt to enter ther Iranian market.

Central Bank of Iran and the National Bank of Kazakhstan signed an agreement on Monday, during President Nursultan Nazarbayev’s visit to Tehran, to expand banking relations. The agreement will…

Tehran Stock Exchange’s all-share index TEDPIX inched down 18.30 points or 0.02% to settle Monday trade at 80,262.4. Petrochemical, steel and auto manufacturing companies weighed most on the…