Economy

The Export Development Bank of Iran is expanding relations with Brazil. Hossein Eivazlou, a member of the bank’s board of directors recently visited Brasilia to discuss grounds for expanding…

The 66th meeting of Asia-Pacific Rural and Agricultural Credit Association (APRACA) executive committee will be held at Bank Keshavarzi’s training center in Babolsar in north Iran, Oct. 7-10.

Change in deposit rates should be in tandem with change in customers’ attitudes, a private banker said in Tehran on Friday.

Discussing the Central Bank of Iran’s recent interest rate cut,…

Chicken nuggets are almost everywhere, in almost every fast food chain and every supermarket freezer. Fried, crunchy and quickly made, they are in high demand, ranging from busy adults with no…

Despite the government’s successful efforts to reduce inflation from 45% to around 15% over the past two years, some have voiced concern that the administration’s focus on pulling down inflation…

Iran Mercantile Exchange played host to more than 124,000 tons of commodities on Sunday. As IME reported, 10 kg of saffron, 4,000 tons of durum wheat, 1,000 tons of soybean flakes, 450 tons of…

Stocks were swinging between slight gains and losses on Sunday amid a bearish sentiment at the equity market with the overall index extending its pullback to register a third consecutive day in…

Lifting of western sanctions on Iran will present an opportune time for India to start negotiations on inking a preferential trade pact with Tehran, which can fill up the demand gap for Indian…

As many as five Iranian companies have obtained permits for delivering Internet Protocol Television services.

Mehdi Akhavan, a member of the Supreme Council of Cyberspace, noted that…

Popular smartphone messaging application, Telegram Messenger, spontaneously went offline in Iran on Saturday between the hours of 11 a.m. and 3 p.m. The large-scale shutdown was also reported…

Apple has bought a UK-based artificial intelligence startup called VocalIQ, whose technology might eventually make Siri more conversational and smarter.

Microsoft is rumored to be planning to come out with a new Lumia handset to succeed the current Lumia 830, the company's affordable flagship handset unveiled at the 2014 IFA event in Germany…

Iran’s vegetable oil consumption is above global average, which has put the product in the government’s list of top imported commodities. Imports, accounting for 92% of domestic consumption, have…

Steelmakers have recently voiced their displeasure over taxation, saying the process puts unfair pressure on manufacturers and further depresses the recession-hit industry.

The 6th Ideal City Exhibition and Conference will be held on Kish Island during December 31-January 3. The event is aimed at attracting investments and transferring technologies to urban…

Iran Civil Aviation Organization has not received any request from Iranian airlines for purchase of Russia-made Sukhoi Super Jet-100 aircraft, IRNA quoted CAO head, Ali Abedzadeh, as saying on…

Knowledge-based companies will be exempted from tax and customs duties for 15 years, says top advisor to the Innovation and Prosperity Fund, Mohammad Hossein Sadeqi. Such measures would be a…

Iran has set its sights on achieving 8% economic growth in the sixth five-year economic plan (2016-21), said First Vice President Es’haq Jahangiri on Saturday. The Vision Plan (2005-25) has…

Foreign dignitaries use the United Nations General Assembly’s annual meetings as an opportunity to meet expatriates with roots in their respective countries. Iran’s President Hassan Rouhani is no…

A draft policy aimed at ending the extended recession in the housing industry has been released, the Persian daily Donya-e-Eghtesad reported Saturday.

Even though enough licenses have been issued for building new hotels in Tehran, there are surprisingly few constructions in the capital.  

The Central Bank of Iran Saturday issued a directive for clearing financial institutions’ non-performing loans as a move to ease lending to businesses.

Sarmad Insurance Company -- a subsidiary of Bank Saderat, secured Level 1 ratio of capital adequacy during the past fiscal year (ended March 20). According to the banker website, the Iran Central…

The Ministry of Roads and Urban Development on Saturday opened a major conference to showcase investment opportunities worth €25 billion ($28 billion) in Iran.  Key investment areas include…

Tehran Stock Exchange’s gauge registered a new record low on Saturday since September 18, 2013, which eroded confidence among investors and exacerbated selloffs at the equity market.

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