Economy

The minister of roads and urban development has called for the establishment of a settlement bank to resolve the problem of toxic assets, Financial Tribune’s sister news website, Eghtesad News,…

The government has projected its foreign exchange rate in the 2016-17 budget at a lower-than-expected rate. ISNA quoted an unnamed official on Friday as saying that the greenback's exchange rate…

Sukuk or Islamic bonds is a safer alternative to debt securities, an official in Securities and Exchange Organization was quoted Thursday by IRNA as saying.

The expected changes to the tax regime will lead to higher housing prices and undermine purchasing power of the masses, the director of the National Union of Builders said Friday.

Jamshid…

Students of physics at the Science and Research Branch of Islamic Azad University have designed and built an environmental pollution monitoring device. Forouzan Faghiri, one of the designers, said…

The pro-technology government of Hassan Rouhani seems to be pursuing the notion of lifting the filters from social media websites Facebook and Twitter more seriously.

According to Minister…

Under the leadership of Carly Fiorina, Hewlett-Packard sold hundreds of millions of dollars' worth of products to Iran through a foreign subsidiary, despite strict US export sanctions.

About 190,000 tons of pistachios will be produced by the end of the current Iranian year (stared March 21, 2015), announced head of Dried Fruits and Nuts Association of Iran.

Deputy head of National Saffron Council says three tons of Iranian saffron were rebranded in Afghanistan and reexported to the US and Europe under Afghan brands during the last Iranian year (ended…

The production of raisins is facing a surplus, said head of Nuts and Dry Fruit Union, Mostafa Ahmadi, blaming the glut on low domestic consumption of the dried fruit.  “In general, raisins…

Algerian Minister of Industry and Mines Abdesselam Bouchouareb and Iranian Ambassador in Algiers Reza Ameri, in a meeting in Algeria on Wednesday discussed avenues to expand bilateral ties.

During a meeting between Portugal’s Secretary of State for Food and Agri-Food Research Nuno Vieira e Brito, who was accompanied by a trade delegation, and Iran’s Minister of Agricultural Jihad…

Two months have elapsed since the nuclear agreement between Iran and the P5+1 countries, and much has been written and said about the necessity of restructuring Iran’s trade regime to accommodate…

During a meeting between China’s Ambassador to Iran Pang Sen and Governor of Khorasan Razavi Province Alireza Rashidian in Mashhad on Tuesday, the two sides discussed cooperation in the…

Latest data show about a 30% drop in the value of white cement exports during the first five months of the current Iranian year (ended August 22).

The figures, released by Iran Customs…

More than 152,000 tons of commodities were offered on Iran Mercantile Exchange’s different trading floors on Wednesday. As IME reported, the oil and petrochemical trading floor played host to 70,…

Tehran Stock Exchange’s main index extended its retreat and lost 269.5 points or 0.43% to end at 62,267 on Wednesday.

Iran’s vast, untapped market can be a great market for Australian products.

During a meeting between Australia’s Ambassador to Iran Paul Foley and head of Iran’s Chamber of Commerce,…

The Organization for Investment, Economic and Technical Assistance of Iran is expecting up to $30 billion in foreign investment in Iran’s equity market during the sixth five-year economic…

Central Bank of Iran hosted an Algerian delegation Tuesday headed by Bank of Algeria’s governor and the country’s ambassador.

Valiollah Seif, the CBI governor, referred to close political…

 Engineers employed with municipalities and state or government organizations should not be members of relevant engineering and construction associations, a member of the Tehran Engineering…

The insurance industry is moving on the right path, the minister of economy was quoted Wednesday by Iran’s Central Insurance Company as saying.

Share of the government in the insurance…

The lifting of international sanctions on Iran will boost the country's economy and fuel the growth of Islamic finance, Standard & Poor's Ratings Services said on Tuesday.

Volatility in the foreign exchange market widened the gap between the official and free market forex rates on Wednesday. In late trading the greenback was sold for 34,050 rials in the free market…

The Central Bank of Iran issued 32.5 trillion rials ($1.07 billion at the official exchange rate) worth of participatory bonds in the last fiscal year (ended March 2015). According to CBI data,…