Economy

The government is seeking to unify foreign exchange rates without directly getting involved in the market, said First Vice President Es’haq Jahangiri on Sunday. He noted that forex rates should be…

Bank Mellat and Turkey’s Halkbank will issue international credit cards for Iranians in the near future, said Ali Rastegar, Bank Mellat’s CEO. He noted that the two banks have been holding talks…

The Chinese Sinosteel Corporation has signed a memorandum of understanding with Iranian Mines and Mining Industries Development and Renovation Organization to establish an alumina production plant…

Maltese Foreign Minister George William Vella held meetings last week with high-ranking Iranian officials, in which opportunities for bilateral cooperation in different sectors were discussed.…

Tehran Stock Exchange’s all-share index TEDPIX soared 1,054.40 points or 1.35% to close Saturday trade at 79,366.5, the highest since March 2014.

About 58% of listed companies posted gains…

Egg exports will reach 90,000 tons by the end of the current Iranian year (March 19), says the secretary-general of Iran’s Egg Producers’ Association. “As we speak, 350 tons of eggs are being…

About 40% of Iran’s apparel market have been overtaken by smuggled clothes, mostly from China, says the director general of the Textile, Apparel and Leather Industry Organization affiliated to the…

Street vending is the safest form of informal economy, says director general for socio-cultural affairs at Tehran Governor General’s Office. Siavash Shahrivar’s remarks come as the voices of…

Foreign investors are rushing to cash in on a bonanza in Iran since UN economic sanctions were lifted in January.

Japan will provide a grant worth 1.2 billion yen, or around $10 million, to help Iran improve its medical services, NHK World, the international broadcasting service of NHK–Japan’s public…

Trade with the second-largest country in the Middle East and its population of 78 million people is back on the agenda after the lifting of a range of sanctions.

This is what the Australian…

The government has decided to reduce tariff categories from 10 to eight as of next Iranian year (to start March 20), the director general of Imports and Exports Regulations Office of the Trade…

Commuters across London can now access real-time transport updates and contextually relevant advertising on their mobile phones through MyStop, a web service launched by mobile commerce provider…

Tabriz Islamic Art University has produced the first three-dimensional printer.

Speaking to reporters on Saturday, Ibrahim Imani, director of the university’s Software Technology…

Iran and seven member states of the Asia-Pacific Space Cooperation Organization are planning to jointly design and build a remote sensing satellite, said the head of Iranian Space Agency for…

Wearable devices to monitor health are not always reliable or secure, according to research carried out by Lancaster University.

The market for digital devices such as smartwatches and…

In his upcoming visit to Pakistan, Iran's President Hassan Rouhani is to be accompanied by a business delegation consisting of members of Iran's Chamber of Commerce, Industries, Mines and…

Russia’s largest manufacturer of steel pipes for the energy sector is in talks with Iran to supply the country’s expanding oil and gas industry, the company has announced.

TMK wants more…

The Central Bank of Iran is responsible for managing and monitoring the bullion market, the head of Iran’s Gold, Jewelry, Silver and Precious Stones Producers and Exporters Association said on…

A banking expert has recommended lowering lending rates in gradually to make it more effective and prevent a possible run on the banks and flight of capital from the lenders to high-yielding but…

Japan is seeking establishment of banks in Iran, while the two countries’ banks are already trading in yen, said Reza Nazar-Ahari, Iran’s ambassador in Tokyo, on Friday. “Japan’s Prime Minister…

Iran’s central bank is preparing to set up a “bad bank” to cleanse its financial system of a vast pile of toxic loans after studying the models used by Sweden, Japan and South Korea.

Thomas Hugger, CEO and fund manager of Asia Frontier Capital, recently travelled to Iran to attend a conference.

AFC is an investment company headquartered in Hong Kong and Cayman Island.…

Sefidabeh Antimony Complex, Iran’s first antimony production plant, started production during the visit of Minister of Industries, Mining and Trade Mohammad Reza Nematzadeh’s visit to Sistan-…

The Iranian government started moving towards market economy by privatizing its vast industrial holdings over a decade ago. But the effort was marred by corruption and the stakes ended up in quasi…