Economy

The long-awaited credit card scheme for purchasing domestic products at subsidized interest rates will be launched on Saturday, said the head of Central Bank of Iran IT Department, Nasser Hakimi…

Business Monitor International expects the lifting of international sanctions—which is due to occur early this year-- to result in the diversification of Iran's competitive landscape in…

Senior officials from Iran Urban Economics Scientific Association and the Monetary and Banking Research Institute, affiliated to  the Central Bank of Iran agreed to conduct joint research…

Insurance firms paid a total of 475.6 billion rials ($15.9 million) for covering transport claims in the last fiscal year (ended March 20, 2015), marking a year-on-year growth of 87.17%. According…

Iran’s Sistan-Baluchestan Province and its Chabahar Port contribute to Afghanistan’s development and their potential should be fully tapped, said Afghan Chief Executive Officer Abdullah Abdullah…

An economic mission from Italy’s Friuli Venezia Giulia region is scheduled to visit Iran from January 9 to 13.

Friuli Venezia Giulia is one of the 20 regions of Italy and one of five…

Slovenia’s Economy Minister Zdravko Počivalšek is leaving for an official visit to Iran on Saturday, joined by a 46-strong business delegation, the Central European country’s national press agency…

Latest statistics on Iran-Turkey transactions show between March and December 21, bilateral trade stood at $8.9 billion, which indicate a 28.61% decline compared with the preceding year’s similar…

Forty companies applied to launch domestic airlines over the past 10 months, of which only four had the minimum required capital and were qualified by the Civil Aviation Organization of Iran, says…

Casio has unveiled a new Android Wear-powered smartwatch at Consumer Electronics Show (CES). Dubbed WSD-F10 Smart Outdoor Watch, the timepiece is water resistant up to 50 meters and is tested to…

The results of a recent survey show 53% of all Iranians use at least one type of social media network, with the most popular messaging application being Telegram.

Iranian Students' Polling…

Netflix, the American video website and application, announced over the Iranian weekend, i.e. Thursday-Friday, that it was pushing ahead with plans to offer its video service globally.

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The next fiscal year will be a year of crisis for Iranian banks, Heidar Mostakhdemin Hosseini, a prominent analyst said.

Taking stock of the multiplying non-performing loans of banks he…

The US dollar began a fresh rally on Wednesday in the free market, reaching 37,120 rials, up from the previous day’s close of 36,780 rials. The currency has been gaining against the rial in recent…

The National Development Fund of Iran says it considers lending to manufactures a top priority, said Mohammad Ghasem Hosseini, deputy chairman of NDFI on Monday. He added that considerable volumes…

Development plans for Khuzestan Province has led to the expansion of informal settlements, said the province’s governor general, Abdolhasan Moqtadaei on Wednesday.

Reducing the capital adequacy of banks will help boost the lending power of banks rather than increasing their toxic assets, says the CEO of Eghtesad Novin Bank.

For all the meltdown in relations between Iran and Saudi Arabia, the two Middle East countries have got something in common—at least in terms of markets.

Iran’s vice president for executive affairs has issued a decree to limit the sale of petrochemical products by producers to Iran Mercantile Exchange.

Otherwise, producers will have to sell…

Stocks extended their rally for the 11th day, capping their largest daily gain since October 17, as speculations on relations improving with the international community lured in traders on…

Tehran’s International Permanent Fairground will host the Seventh International Exhibition of Bitumen, Asphalt, Insulation and Related Machinery (BAIEX 2016) during January 22-25. The event is…

Iran Mercantile Exchange’s export trading board witnessed the supply of 45,000 tons of granulated iron ore by the Iran Central Plateau Iron Ore Mines Complex at the base price of $12 per ton on…

With the production of 35.8 million tons of iron ore in 2015, Iranian Mines and Mining Industries Development and Renovation Organization is ranked the world’s 16th largest producer of this…

The Sixth International Exhibition of Architecture, Modern House and Interior Design dubbed MIDEX 2016 will be held at Tehran’s International Permanent Fairground on January 10-13.

More than $1 billion are exported annually from Arvand Free Trade Zone, according to FTZ’s commercial director, Jabbar Salempour. He added that some 2.5 million tons of goods worth $760 million…