Economy

Iran meets 85% of its need for wheat through domestic production.

This was announced by Esmaeil Esfandiaripour, the official in charge of the Wheat Project, which is a government scheme to…

Armenia’s Transport and Communications Minister Gagik Beglaryan said on Monday he would visit Iran later this year to pursue the planned construction of Iran-Armenia railroad and a potential road…

With the end of western sanctions expected to come as soon as the start of next year, Iran is now the target of trade delegations and missions from across the world.

A comprehensive memorandum of understanding on cooperation in the sectors of tourism, industry, arts, water, technology and student exchange was signed between the Governor of Isfahan Province…

Iran Mercantile Exchange is about to offer currency futures for the first time to help Iranian companies and foreign investors hedge against the foreign exchange fluctuations of the Iranian…

Saffron is one of the world’s most precious products, worth more than its weight in gold.

Prized at dinner tables around the world, it is a spice only found in minute quantities in each…

The quality of disposable syringes manufactured in Iran is on par with those made in Europe, says the commercial executive of a pioneer company manufacturing disposable medical devices and…

Tehran Stock Exchange’s main index gained 8.60 points or 0.01% to stand at 63,044 at Tuesday’s close.

More than 446 million shares changed hands value at over $21.3 million to register…

The Money and Credit Council will decide whether to lower interest rates to the proposed 18% from the current 20% in its meeting on Wednesday, said Mohammad Baqer Nowbakht, the government…

The housing loan ceiling will be raised to one billion rials ($33,000) next year from the present 800 million rials ($26,400), as the Money and Credit Council has indicated its agreement with the…

United Nations Conference on Trade and Development publishes an annual report called the World Investment Report focusing on trends in foreign direct investment. According to its 2015 report…

Central Insurance of Iran’s safety and damage prevention department has released statistics on its marine coverage performance.

The Central Bank and Money and Credit Council should have enough authority to be able to set balanced and suitable interest rates in a way to mitigate the intermediary role of private banks, a…

The long and lengthy loan processing at banks is affecting most economic sectors and is due largely to the lenders’ limited resources, said Ali Asghar Mirmohammad Sadeghi, head of Central Bank of…

A network development specialist has said Iran ranks fourth in the world in web hosting by having 65% of popular sites visited most frequently by Iranian Netizens.

Iranian companies specialized in producing videogames can now register as knowledge-based firms. Iran Computer and Videogames Foundation and the Headquarters for Developing Soft Technologies…

Mobile Internet connections are officially the most common portal used in Iran, according to a new report from the National Internet Development Management Center.

Iranians…

The chief executive of South Africa-based mobile phone operator MTN has resigned over a $5.2 billion fine imposed on the company in Nigeria, the telecoms giant said in a statement on Monday.

Iranian and Malaysian research centers held the First International Workshop on Electrospinning: Research, Management and Commercialization in Malaysia.

Head of the Housing and Urban Development Research Center announced that Iran and Germany will establish a joint research center on housing and urban development.

Self-regulatory measures for supervising interest rates are among the banking industry’s priorities, Abdol Nasser Hemmati, head of the state-owned Banks’ Coordination Council said Monday.

A deputy industry minister announced that 5,000 people had applied for car loans on the first day of the loan scheme on Monday. Mojtaba Khosrotaj said that 99% of the applications asked for Saipa’…

The current payment system meets domestic needs but would be insufficient for addressing the demand of international transactions, said the head of Monetary and Banking Research Center, Ali…

A new amendment to the implementation of Article 20 of the Law to Remove Manufacturing Obstacles has eased the repayment of foreign currency debts to the Export Development Bank of Iran, the…

Capital Intelligence (CI), the international credit rating agency, has upgraded the long-term Foreign Currency Rating (FCR) of Export Development Bank of Iran (EDBI) to ‘B+’ from ‘B’, with the…