Economy

The government is turning to European financiers to complete infrastructure projects instead of using oil revenues that have been hammered due to the plummeting prices in international crude…

A high-ranking Swiss trade delegation is scheduled to visit Iran in February to explore new areas of economic relations with Iran, said Switzerland’s former ambassador to Iran said.

An official with the Consumers and Producers Rights Protection Organization announced as "illegal" any potential rise in rail fares and said the move has not passed through the procedure…

Bank facilities to the tune of 2,000 billion rials ($66.87 million at official exchange rate) will be offered to exporters of value-added products and engineering services, says deputy minister of…

Iran Mercantile Exchange’s oil and petrochemical trading board witnessed the supply of 49,380 tons of polymers, 45,750 tons of bitumen, 12,000 tons of heavy lube cut oil and 5,600 tons of sulfur…

Bank Maskan, the sole housing bank, has been left to its own devices when it comes to lending, said Abolghasem Rahimi Anaraki, a member of bank’s board of directors. He stressed that the lender’s…

The Central Bank of Iran has approved the extension of repayment period for home renovation loans to 10 years. Muhammad Saeid Izadi, Head of the Urban Development and Revitalization Organization (…

Iran's chief treasurer said the Ministry of Economic Affairs and Finance has issued 20 trillion rials ($547.9 million) worth of Islamic Treasury Bills in the past two months.

About 160,000 tons of clinker were exported to Egypt and Qatar in three shipments during the eight months ending November 21 from the southeastern Chabahar Port, indicating a 98% rise compared to…

Tehran Stock Exchange’s main index inched up 17.00 points or 0.03% to settle Tuesday trade at 62,233.3.

Over 376 million shares valued at more than $21.9 million changed hands to record…

December 17 marks National Transportation Day, which this year takes on a special significance as the implementation of the nuclear deal between Iran and world powers draws near.

The deal…

There is huge potential for cooperation between Iran and Oman in the mining sector, especially in terms of implementing joint projects and exchanging knowhow, said an Iranian official.

After a generally quiet 2015, bitcoin, the alternative online currency, is making waves as the year ends by reaching new price heights.

Bitcoin is north of the $400 mark, once again, for…

Iran unveiled over 20 technology plans in the 16th Exhibition of Research and Technology in Tehran on Tuesday, which was attended by Iran's Minister of Industries, Mining and Trade Mohammad Reza…

Iranian researchers from Shiraz University have developed a new method using nanostructures to produce more efficient solar cells.

Toshiba Corp. plans to cut up to 7,000 jobs, as it looks to streamline operations in the wake of an accounting scandal. Most of the 6,000-7,000 job cuts will be in the company's lifestyle segment…

Unifying exchange rates has once again emerged as a hot topic especially after the ongoing volatility in the forex market. The issue resurfaced after the US dollar crossed the psychological…

A roadmap for foreign economic cooperation has been developed and organizations in the country will soon present investment opportunities to foreign delegates, the Economy Minister Ali Tayyebnia…

Managing director of the Kish Free Zone announced it has submitted to the Money and Credit Council a proposal for establishing two off-shore banks in Kish Island off the Persian Gulf. Ali Asghar…

Iran tops the list of world’s pomegranate producers, says an official with the Ministry of Agricultural Jihad.

An exhibition of dried fruits, nuts and food has opened on the occasion of the Iranian festival of Yalda Night at Tehran’s Mosalla on Monday. Yalda Night is celebrated on the longest night of the…

Some 39,000 tons of livestock products worth $48 million were exported from Khorasan Razavi Province from March to October, indicating a 23% increase in value compared with the similar period of a…

East Azarbaijan Province is estimated to produce 1.3 million tons of apple in the current Iranian year (to end March 19, 2016), which will be 40% more than last year’s production, according to the…

Seyyed Kamel Taqavinejad, serving as the managing director of Bank Sepah, has been named by the Cabinet on Sunday to replace Ali Askari as the head of Iran’s National Tax Administration.

…

As of December 22, foreign trade statistics will be updated on the Iran Customs Administration’s website (http://www.irica.gov.ir) on a daily basis, announced to the head of IRICA, Masoud…