Economy

The first round of online programming competitions, CodeCup, will be hosted by Sharif University of Technology in Tehran. According to Mehr News Agency, aside from the problem solving and coding…

Iran's second largest mobile operator, MTN-Irancell, has announced its expansion of customer care centers around the country. The company now reports having 182 such centers in cities across Iran…

For Apple, Iran’s 78 million people offer a particularly attractive new market, as 42% of its people are under age 30.

The country also boasts a relative large middle class highly…

The Ministry of Communications and Information Technology and its affiliates are to receive 3.7 quadrillion rials ($124 million at official exchange rate) as part of the government's budget for…

MTN, the part owner of MTN-Irancell, increased 2.3% to R120.50 on Monday on news that sanctions against Iran have been lifted, a move that would free up more than $1 billion in frozen accumulated…

The world's most popular messaging service, WhatsApp, is dropping its token $1 fee still levied on some users as it experiments with making businesses pay to reach their customers, Chief Executive…

Bank Sepah is planning to promote its foreign branches and affiliates, and strengthen its capital and human resources while preparing to reenter international banking, said Mohammad Kazem…

Gholamali Kamyab, deputy chief of the Central Bank of Iran for foreign exchange affairs says the preference is to receive the freed assets from overseas in installments to avoid inflationary…

Iranian banks, their overseas branches and affiliates were officially removed from SWIFT's list of sanctions on Sunday as the embargo against the country was officially lifted when Iran's nuclear…

After a year of silence, unofficial reports suggest that the Central Bank of Iran is set to publish the long-awaited data on bad checks.

Over 182,000 tons of steel products valued at $15 million were manufactured by Esfahan Steel Company from Nov. 22 to Dec. 21, Bourse Press reported. According to the report, I-beams accounted for…

President Hassan Rouhani took next year’s budget to the parliament on Sunday. It looks balanced.

Mohammad Baqer Nobakht, the man in charge of putting the budget together, also said it’s…

Iran is set to purchase 114 Airbus jets for state-owned carrier Iran Air. The order is enabled by the lifting of the United States and European economic sanctions imposed on Iran on January 16.

Iran Mercantile Exchange’s export trading board saw 55,000 tons of granulated iron ore supplied by Iranian Central Plateau Iron Ore Complex at the base price of $11 per ton on Monday.

Close…

Tehran Stock Exchange’s all-share index TEDPIX lost 304.60 points or 0.47% to settle Monday trade at 65,119.5.

The private sector accounts for 20% of Iran’s economy, says the treasurer of Iran Chamber of Commerce, Industries, Mines and Agriculture. “This meager share cannot be attractive to potential…

Iran exports about 300 tons of eggs on a daily basis, said chairman of the Union of Egg-Laying Hen Farmers. Reza Torkashvand added that the eight months to November 21 saw exports of 68,000 tons…

Illegal imports account for 75% of all the goods smuggled into and out of Iran, according to the head of Central Taskforce to Combat Smuggling of Goods and Foreign Currency. Habibollah Haqiqi said…

Integrated systems have opened up new vistas for fish farming in regions with limited water resources such as Iran’s South Khorasan Province.

Integrated fish farming systems refer to the…

European businesses were set on Sunday to speed back onto the Iranian market, hours after western sanctions were lifted on Iran in exchange for Tehran’s pledge to limit its nuclear program.

German industry expects a steep rise in exports to Iran following the lifting of sanctions and Economy Minister Sigmar Gabriel says he would seek to drum up trade during his visit to Tehran in…

Japan is expected to send a business delegation to Iran as early as Monday to explore opportunities there. Japan’s Foreign Minister Fumio Kishida visited Iran in October and struck an investment…

Daimler AG's trucks are returning to Iran after a landmark deal to curb Tehran's nuclear activities led to the lifting of economic sanctions. The German company announced on Monday it had signed…

Iran's automotive sector raked in over 23 trillion rials ($763 million at official exchange rate) for state coffers over the past 10 years (2005-15).  

Iran's state-owned and private automotive firms have begun racing against each other to have a business linkup with German vehicle manufacturer Volkswagen.

Trusted sources have reported…