Economy

The country's second mobile phone operator, Irancell, has announced that holders of the company's SIM cards will have a new 4G SIM card delivered to their house by only entering a code. …

Deputy Minister of Industries, Mining and Trade Jafar Sargheyni said the mining sector's growth is expected to stand at 4% and 12% for the current Iranian year (to end March 19, 2016) and the…

The US government cleared the manufacturer to begin talking with approved Iranian carriers about their fleet needs, a first step toward entering the country’s resurgent aircraft market, Boeing…

Tehran Stock Exchange’s main index TEDPIX shed 329.70 points or 0.42% to end Saturday trade at 77,558.2.

Over 3.3 billion shares valued at $224.3 million were traded, indicating a 175% and…

Last year was a terrible season for the American pistachio industry. Warm temperatures and the lack of water resulted in a loss of almost half the crop, and profits were down by around $1.4…

Italian fashion house Roberto Cavalli says it has opened its first shop in Iran following the lifting of sanctions earlier this year. Rich in natural resources and with a young, well-educated…

The Central Bank of Iran closely monitors lenders’ performance regarding interest rates, Valiollah Seif, the bank’s governor said in a conference on the ‘resistance economy,’ IRNA reported. Seif…

Even though sanctions against Iran were officially lifted on January 16 and Iranian banks got reconnected to SWIFT interbank messaging system, some European banks are exercising caution about…

Countering the deep and lingering recession stalking the economy should be the government’s top priority, Heidar Mostakhdemin Hosseini, a senior economist said.

“The long-running recession…

The CEO of Bank Melli Iran has dismissed rumors that bankers’ recent agreement to cut deposit rates is tantamount to a form of “collusion.”

To promote exports, the government will provide exporters with incentives worth an aggregate of 12,000 billion rials ($396.95 million at official exchange rate) in next year’s budget, Mehr News…

The government is going to continue its cash subsidy payment system to designated citizens, said Minister of Economic Affairs and Finance Ali Tayyebnia at a press conference on Saturday. However,…

Western sanctions against Iran had barely been lifted when Chinese President Xi Jinping touched down in Tehran on Jan. 22. He struck several deals and pledged to strengthen "strategic partnership…

South Korean Minister of Trade, Industry and Energy Joo Hyung-hwan is scheduled to visit Iran at the head of a commercial delegation to attend the 11th session of the two country’s joint economic…

A representative of Renault-Nissan has announced the launch of two new models, with the long-awaited Kwid being the most likely candidate, adding that the production capacity of Logan and Sandero…

SsangYong will extend its Tivoli crossover range with a longer, more spacious XLV model this summer. Based on the XLV Air concept first revealed at the Frankfurt Motor Show in September last year…

Head of Tehran Chamber of Commerce, Industries, Mines and Agriculture Masoud Khansari, heading a delegation of 60 businessmen, visited Munich and Berlin to give German trade ties a boost and…

The governor of the Central Bank of Iran has called on commercial banks to remain committed to their recent agreement to lower deposit rates that was endorsed by the Money and Credit Council…

A high profile delegation from the US Treasury Department is set to visit Germany next week, in order to reach a mutual understanding about sanctions against Iran, said Ali Majedi, Iran’s…

Banks are not allowed to expropriate industrial units put up as collateral for their debt, said Ali Yazdani, deputy minister of industries, mining and trade on Thursday.

The European Union’s top court on Thursday upheld a contention by Iran’s Bank Mellat that it was improperly sanctioned for six years without sufficient evidence of its involvement in the country's…

Unseasonal fruits such as Chilean grapes and Turkish peaches are some of the smuggled produce flooding the Iranian markets only a month from Norouz holidays that mark the onset of the Iranian New…

Dutch ingredients producer Barentz International has established a new joint distribution venture in Iran with Future Way Holding to tap into the formerly-restricted market.

The JV will…

Iranian Ceramics Producers Syndicate has advised tile and ceramics manufacturers to halt production as of March 5 for three months, amid a construction slump and domestic market glut. “A majority…

Norway opened its $810 billion wealth fund to Iranian government bonds, as the Middle Eastern nation emerges from almost a decade of international sanctions following a deal to limit its nuclear…