Economy

Governor of the Central Bank of Iran Valiollah Seif has reiterated that his bank is preparing to adopt a unified foreign exchange regime once the nuclear agreement is signed between Tehran and the…

Bank Maskan raised mortgage ceiling for the holders of “Youth Savings Accounts” in Tehran to 750 million rials ($25,800 at official exchange rate) from 670 million rials ($23,000), said Mohammad…

Sharif University of Technology will be hosting the Second Mobile App Hackathon on September 10-12.

During the three-day event, teams of two to four participants will compete for over 48…

The competition around the "computing stick"— a flash-drive-sized PC that connects to a display via an HDMI port—is quickly heating up.

Smartphone owners can now use their device to order food using the recently released mobile application 'Zoodfood' (meaning fast food in Farsi).  

Originally a website for ordering…

The two brightest planets are gliding closer in the early evening sky and their celestial dance culminates with an ultra-close pairing on June 30th.

As the self-imposed deadline on nuclear talks between Iran and the six world powers approaches, Iranian private sector activists’ concern is growing about the future of trade with the world.

With the emergence of food security as one of the most important issues of the millennium, it has become more crucial than ever to develop new methods of food preservation to prevent wastage.…

Subpar smuggled products, particularly those from China, constitute 70% of the personal hygiene and cosmetic market, said the head of the Association of Cosmetics, Toiletries and Perfumery…

More than 394,000 tons of goods worth $271 million were exported from the central Isfahan Province during the first quarter of the current Iranian year (started March 21), according to director…

New flights will be launched between the Iraqi Kurdistan cities of Erbil and Sulaymaniyah and Iran’s Kish Island as of mid July, head of tourism affairs at Kish Free Zone Organization, Mohammad-…

Clothes are not subject to Consumers and Producers Protection Organization pricing and their selling prices are set by the manufacturers based on the market’s supply and demand, said the deputy…

The government has allowed dairy manufacturers to raise the prices of milk, yogurt and cheese by up to 10 percent, Mehr News Agency reported. Managing director of Cattlemen’s Association, Seyed…

The Supreme Council of Insurance has notified insurance companies of new regulations approved on June 16, seeking to tighten employment rules at the insurance firms.

Central Insurance of…

T he US dollar extended its gains on Monday, taking other major currencies higher against the rial. Investors shied away from the Iranian currency due to indications that Iran and the six world…

Governor of the Central Bank of Iran Valiollah Seif said his bank would not cave in to pressure from outsiders or compromise its crackdown on unlicensed credit and financial institutions.

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The Central Bank of Iran has allowed Arman Credit Institution to hold its general meeting within the next 25 days to support the newly authorized credit and financial institution, announced the…

Businesses around the world are preparing for the largest geopolitically triggered financial bonanza since the 1991 Soviet breakup: Iran’s reopening for business.

A seesaw trade amid all-embracing overreactions to the lingering nuclear negotiations between Iran and the P5+1 ended in an uptick for Tehran Stock Exchange benchmark on Monday.

Sponge iron production surpassed expectations at 216,000 tons during the first quarter of the current Iranian year (March 21-June 21), creating a surplus of more than 10,000 tons in the domestic…

The Ministry of Industries, Mining and Trade has approved a plan aimed at reactivating the abandoned mines across the country, the official in charge of the plan announced.

“There are many…

The latest report published in 2015 by the International Organizing Committee for World Mining Congresses shows Iran ranked eighth in 2013 in terms of the value of produced minerals.

A board member at Iran Steel Producers Association, Bahador Ehramian, has ruled out the possibility of a dramatic fall in domestic steel production during the current Iranian year (started March…

US auto sales are headed into a strong summer, likely to help produce new-car sales of more than 17 million for all of 2015 potentially making this year the third-best year ever.

Ford USA is entering the car-sharing market with a program that will cut Ford Credit customers' vehicle costs by enabling them to rent out their cars to third-party individuals.