Economy

When I was a kid, I often wondered where money came from and why didn’t everyone have enough of it to buy all the chocolate and ice cream in the world (or even better, build a chocolate house!). I…

The number of government employees has reduced by 68,201 or 3 percent within the past 18 months since the new administration, led by president Hasssan Rouhani assumed office, public relations…

Iran's economy grew by 3.6% in the first nine months of the current year (ending March 20) compared with the similar period last year, according to the latest statistics released by the Central…

Many Iranians living in the United States, who are nationals of the Islamic Republic, are selling their US assets to increase the supply of US dollars inside Iran and help stimulate their country’…

A new report has highlighted the shifting trends in consumers’ habits in the Iranian electronics market.

The February report of Business Monitor International expects the consumer…

Foreign currencies pushed the rial back down on Monday, after a weak of gains for the Iranian currency.

The rial fell versus all major currencies and gold coins on Monday, as lower foreign…

Parliament members have put forth a new set of solutions for helping increase banks capital, while reviewing a long-waiting bill that seeks to remove obstacles hindering domestic manufacturing,…

Dey Insurance Company (DIC) has received a written notice from the Central Insurance of Iran, the primary insurance regulator, following reports that the reserve requirements submitted by the…

Bank Sepah has vowed to finance 10 major development projects in petrochemical, oil and gas sectors in the upcoming year, starting March 21. The commercial lender provided in the outgoing year…

The seventh Startup Grind of Tehran, held on Sunday, saw a number of young entrepreneurs and start-up enthusiasts come together to discuss business plans, expand their social network and interact…

Monday trading at Iran Mercantile Exchange (IME) witnessed the offering of 50,000 tons of iron ore by the Iranian Central Plateau Iron Ore Mines Complex, priced at $22 per ton, on the export…

The Tehran Stock Exchange (TSE)'s overall index notched up 1.98 percent in five days of winning streak to spur expectations that the equity market is getting back on track.

All indices…

Deputy minister of industry, mine, and trade, Mehdi Karbasian blames the 50% decline in global iron ore prices, sharp declines in the global prices of copper cathodes and concentrate as well as…

Indian Ambassador to Iran, Shri DP Srivastava, says his country is keen to invest in Iran’s steel sector to produce iron powder, IRNA reported.  The envoy made the remarks during his meeting…

As per a new memorandum of understanding (MoU), Iran will have exported 25,500 tons of basic commodities to Iraq by the end of the current Iranian year (March 20, 2015), IRNA cited managing…

More than 6,000 tons of hand-woven carpets were exported over the past 11 months of the current Iranian year (ends March 20), registering a 32% rise compared with the similar period last year,…

The second production line of the joint Iran-Croatia cigarette manufacturing company was inaugurated in the northern city of Sari in Mazandaran Province, Mehr news agency reported. The two…

Iran’s water crisis has surpassed the critical point. But even as citizens are faced with the crippling challenge on a daily basis, the approach adopted by the relevant authorities show no sign of…

South Khorasan Province is a suitable and secure gateway for trade development between Iran and Afghanistan, Afghan ambassador to Iran, Nasir Ahmad Nour said on Sunday, adding: “Afghanistan is on…

Iran accounts for less than one percent of the global market for Halal foods, according to member of parliament and head of the parliament’s Social Commission, Abdolreza Azizi.

The Supreme Labor Council on Sunday set the minimum monthly wage for the upcoming Iranian fiscal year (starting March 21) at 7.12 million rials ($254 based on the official exchange rate), which…

More than a million tons of various commodities from 50 local suppliers were offered at the spot market on Sunday trading to register a record high at the Iran Mercantile Exchange (IME) within the…

An Italian company has expressed readiness to invest in a health development project in Kish after reviewing investment capacities on the Persian Gulf Island.

To hold another round of talks with the Central Bank of the Russian Federation, a delegation from the Central Bank of Iran (CBI) travelled to Russia on March 11-12 to finalize monetary agreements…

The board of trustees of the National Development Fund of Iran (NDFI), headed by President Hassan Rouhani, met on Saturday to decide for important plans and priorities of the upcoming year,…