Economy

As the government has recently increased taxes on automobiles, manufacturers have been left with no choice but to raise prices to compensate their loss, deputy minister of industry, mine, and…

Automated Teller Machine or ATM has entered its third decade of presence in Iran. Bank Sepah, the very first Iranian bank, was the first to introduce the machine in 1992 by installing it in its…

Judiciary Chief Ayatollah Sadeq Larijani has criticized the banking system for providing loans without receiving sufficient or valid collaterals, IRNA reported.   The judiciary will soon…

Lawmakers have made a decision that would allow the Central Bank of Iran to resume printing and distributing 'Iran Checks', urging the bank to adhere to the limits set by the Money and Credit…

Tehran’s largest technology mall called Charsou meaning four-ways has opened as the Iranian New Year is approaching. The mall primarily selling technology items and home appliances has touted…

Despite a meaningful decline in inflation in recent months, commercial banks still resist to cut interest rates on deposits and loans. The maximum rate lenders offer on deposits stands at 22…

About 100 metric tons of saffron worth $201 million was exported in the first ten months of the current year (March 21-January 20), Mahmoud Bazari, an official at the Trade Promotion Organization…

The administration has allocated 1,800 billion rials ($65.1 million at official exchange rate) to the development of rural areas Abolfazl Razavi, an official with first vice presidency’s rural…

The 2nd edition of the International Exhibition of Poultry, Livestock, Fishery and Related Industries opened on the southern Persian Gulf island of Kish on Wednesday.

Baghdad has welcomed Tehran’s proposal for establishing industrial towns and an auto manufacturing company in Iraq to produce cars under the banner of Iraqi brands, ISNA reported.

Located in arid regions of Iran with minimal annual precipitation, Isfahan province has been struggling with drought for seven years. Nevertheless, it is obliged to exploit maximum capacity in…

Iran’s civil aviation industry has undergone serious challenges in the past decades, mainly because of the sanctions imposed by the West after the 1979 Islamic Revolution and later on due to…

Afghanistan is the fourth major export destination for Iranian commodities, Iran’s Ambassador to Kabul, Mohammad Reza Bahrami said in the gathering of Iranian industrialists and businessmen…

Iranian apples are being sold in Emirati supermarkets at higher prices than their American and French rivals, Sadreddin Niavarani, the deputy manager of the union of fruit exporters and importers…

On the occasion of the new Iranian year (starting on March 21), direct supply centers in four locations in Tehran will provide subsidized fruits and food products to people, Tehran’s Deputy…

A look at the figures from the past four decades will indicate that except for a short-lived period, Iran’s economy has been struggling with skyrocketing inflation rates, including 50% in 2006 and…

The progress of Persian Gulf Bridge construction which will connect Qeshm Island in the Persian Gulf with the mainland has been accelerated and is expected to be completed within the next three…

All Iranian expatriates have been eliminated from the list of subsidy receivers and high-income households who live inside the country are gradually being removed from the list, head of the…

Productivity in Iran has grown minimally by 0.5 percent over the past 15 years, head of the National Iranian Productivity Organization, Roya Tabatabaei Yazdi was quoted by IRNA as saying on Monday…

Parsian Bank led earnings among private lenders in the year ending March 2014, for the sixth consecutive time, according to the Industrial Management Institute.

The Tehran-based bank came…

Iran Insurance Company (IIC) is set to take over another peer company, Tose’e Insurance Company (TIC), the Supreme Council of Insurance announced on Tuesday.

The work permit of TIC has now…

Parliament members ratified an approval on Tuesday allowing the government to help raise capital for state owned banks by a maximum of five trillion rials ($180 million at official exchange rate…

The total amount of NPLs or non-performing loans in the banking system is estimated at two quadrillion rials ($72.3 billion at official exchange rate), more than twice the minimum estimate of 950…

A report published by well know Russian security firm Kaspersky Labs on Tuesday revealed that Iran is one of the most hacked countries from a new malware bug.

One plus one makes three: this equation is the special alchemy of a merger or an acquisition. The key principle behind buying a company is to create shareholder value over and above that of the…