Economy

Governor of the Central Bank of Iran Valiollah Seif Saturday renewed his pledge to allow the market pressure play a key role in setting the value of the rial. Seif criticized moves by the previous…

Head of the Audit Organization Akbar Soheilipour on Sunday expressed alarm at the insignificant number of Iranian companies whose books had been audited after they had filed their tax return with…

Central Bank of Iran data shows money supply by the end of the first quarter of the Iranian fiscal year (started March 21) grew to $272 billion ( 816,000 billion rials) marking a 22.7% year-on-…

Mehr Housing units will be completed by March 2017 the deputy minister of roads and urban development said at the weekend. Ahmad Asghari Mehrabadi made the statement during an inspection tour of…

The Iranian minister of science, research and technology said the Islamic Republic invites scientists from all over the world to initiate a "collaborative program" with Iranian scientists.

Irancell, the second largest mobile network in the country, is starting a new round of sales for the prefix 0903 via the company's website sim.irancell.ir. Applicants can choose a number of their…

Iranian researchers have designed and developed a vertical take-off and landing (VTOL) aircraft with patrol, reconnaissance and rescue capabilities in addition to imaging from high levels.

Iran is building a national observatory, publishing papers on stem cells and earmarking funds for environmental research—all in the face of crippling sanctions.

Sanctions have not stopped…

Japan and Iran will begin negotiations on Monday in Tehran to conclude a bilateral investment treaty, the Japanese Foreign Ministry has announced.

Control over foreign exchange by the government, as the main holder of hard currency reserves, has impeded the setting up of a forex bourse in Iran, a member of the Majlis Economic Commission said…

Deputy minister of roads and urban development says in light of  the arguments made by builders, construction companies, architects and experts at the ministry, the Majlis passed a law…

As the world powers get ready to lift sanctions on Iran, a top banker in the UAE said the banks have to carefully understand this change as they prepare to relax their systems and enable the…

The Central Bank of Iran and Securities and Exchange Organization have tentatively agreed to launch a “secondary mortgage market” for the first time. The decision, which will be announced in the…

Bank Saderat Iran will finance six large industrial projects under its goals to contribute to infrastructure development. BSI will finance the projects mostly in the energy sector. Loans will be…

Bimeh Iran will reimburse its debts owed by the Education Ministry and the Martyrs’ Foundation, the minister of economic affairs and finance said.  “We did not have any real concerns about…

More than 42,000 tons of bitumen were offered on Iran Mercantile Exchange’s export trading floor on Saturday. As IME reported, the floor also played host to 100 tons of roof insulation.

After days of sluggish trade at Tehran Stock Exchange, the overall index TEDPIX was boosted by banking sector’s outperformance on Saturday and rose 220.79 points or 0.34% to settle at 64,497.

Across Europe, businessmen pack conference halls to discover how to unlock Iran’s vast potential after the lifting of sanctions.

Four hundred of them piled into a Swiss hotel in Zurich on…

About 15 million tons of minerals are annually extracted from Semnan’s  500 mines, said the head of Industries, Mining and Trade Organization of the province, Behrouz Asvadi, adding that…

The economic growth for the industries, mining and trade sectors is set to reach 6% in the current Iranian year (started March 21), says the deputy industries minister for planning. Hossein…

Iran’s rail transport system is not able to meet domestic demand, says Minister of Roads and Urban Development Abbas Akhoundi. “Out of the 800 locomotives in the railroad system, already not…

More than 750,000 tons of pomegranates are expected to be produced this Iranian year (started March 21), says head of the National Union of Agricultural Products Reza Nourani. He added that last…

Iran is set to join the club of capital-rich, land-scarce countries involved in agricultural outsourcing as a way to protect its food supply and reduce imports.

Germany’s Lufthansa is excited by the possibilities offered by the opening up of Iran, especially for its maintenance and catering divisions, the airline group’s chief executive told Reuters.

A delegation of businesspeople and investors from the Czech Republic led by the European country’s Minister of Foreign Affairs Lubomir Zaoralek met with members of Isfahan Chamber of Trade,…