Economy

Iran is scheduled to hold an exclusive trade exhibition in Kabul, Afghanistan, during March 1-4, 2016, to showcase the capabilities of Iranian businesses in the neighboring country.

The government has purchased more than 8.5 million tons of wheat from local farmers so far in the current Iranian year (to end March 19), IRNA quoted Deputy Agriculture Minister Ali Qanbari as…

The government is planning to raise next year’s budget for special economic zones by 1.5 times that of the current Iranian year (ending March 19), says deputy industries minister and head of Iran…

Oil's share of the Iranian budget is dwindling, although crude prices dip further and the government struggles to avoid a cutback in fiscal spending.

The government is looking to earn…

Iran has enormous pent-up demand for the modernization of its infrastructure.

Roads, water and power lines as well as housing badly need to be upgraded, which offer an opportunity for…

About 2,000 tons of food colorings are consumed annually in Iran by the food and pharmaceutical industries, with more than 700 tons of this figure being imported and the rest produced by 15…

A week after it was banned in India, Facebook’s Free Basics service, which aims to bring affordable Internet to 5 billion people in the world who otherwise can’t access it, has been suspended in…

Huawei Technologies Company said on Thursday its full-year 2015 revenue rose 35.3% from a year earlier to 390 billion yuan ($60.1 billion), aided by strong sales growth for smartphones.

Vietnam sought to discourage its Internet-savvy public on Wednesday from reading Web postings that disparaged its Communist Party, warning of an increase in “toxic” activity just weeks away from…

The First Conference of Iran’s e-Business Leaders was held in Tehran last week. The event brought together members of Iran’s Information Technology Organization, e-business and other high-profile…

Keeping kids away from questionable content while they surf the web is an ongoing battle and there’s a new site that’s looking to help.

Iran’s Internet bandwidth is expected to increase to 4 terabits per second in the coming months, said the minister of communications and information technology.  Pointing to the recent…

Banks lent a total of 2.19 quadrillion  rials ($72.9 billion) by the end of the eight month of the Iranian fiscal year (October 21), an increase of 6.3% or 129.5 trillion rials ($4.3 billion…

Foreign investment and finance is important to complete pending projects, said Abdol Naser Hemmati, CEO of Bank Melli Iran. He said domestic banks had provided 90% of the credit needed for…

A member of the Money and Credit Council said to overcome economic challenges, lowering interest rates would be inevitable.  Mohammad Reza Pourebrahimi whose council is the main monetary…

Covering the risk of volatilities in the forex market is crucial to economic development, Hamed Soltaninejad head of Iran Mercantile Exchange said in a meeting with the Iran Institutional…

Reinforcing the private sector will lead to improvement and growth in the long-stagnant housing sector, according to Muhammad Mehdi Mafi, an analyst. He added that government’s interventionist…

Iranian Mines and Mining Industries Development and Renovation Organization has unveiled the Geographical Information System for the mining sector.The GSI is designed to capture, store, manipulate…

Foreign financial service companies are spearheading the trend to buy into Iran's economy and profit from the last frontier market that is expected to open up to foreigners soon.

Sanctions…

Iran’s accession to the World Trade Organization is pending after almost 19 years, which has made the country’s membership bid one of the longest in the history of the international pro-free trade…

Iran Mercantile Exchange witnessed the supply of 107,040 tons of bitumen, sulfur and insulations on the export trading board on Wednesday.

The oil and petrochemical trading board played…

Between 800,000 and 1 million tons of rice need to be imported by the end of the Iranian year (March 19, 2016), according to Iran Rice Association. As part of a decree issued by Agriculture…

An Iranian trade mission plans to visit Bangladesh early January to explore business opportunities in the South Asian country, announced deputy minister of industries, mining and trade, Valiollah…

Iran should speed up trade expansion with Russia before it loses the tough competition to Egypt, Pakistan and India, says the head of Iran-Russia Chamber of Commerce, Asadollah Asgaroladi. “Iran…

Iran’s non-oil foreign trade during the nine-month period ending December 21 stood at about $62.19 billion, according to the latest report published by Iran Customs Administration.

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