Economy

The government will continue its cash handout scheme, which already provides almost every Iranian citizen with a monthly pay of 455,000 rials ($17 based on official rate), throughout the next…

The governor of the Iranian southern province of Khuzestan, Abdol Hossein Moqtadai, met the governor of Iraq’s Basra Governorate, Majid Mahdi al Nasravi, on Wednesday in a bid to expand economic…

The first Iranian exhibition specialized in foodstuff, agricultural products, livestock and poultry opened in Herat on Tuesday, IRNA reported. More than 45 Iranian firms from the provinces of…

The Rouhani administration has issued a new directive that would ease the retirement law for Iranians working in “difficult and hazardous occupations,” Ali Rabiee, the labor minister, announced on…

The workers’ faction of the parliament has urged that the minimum wage for the next Iranian year (which starts on March 21, 2015) be raised to 16 million rials ($486 based on foreign exchange…

Despite the current annual demand for the import of 8.5 million metric tons of iron ore pellets, almost no Iranian port possesses the required infrastructure for such a high volume of the raw…

The agricultural trading floor at the Iran Mercantile Exchange (IME) was witnessing the trade of nearly 6,050 tons of various commodities for potential customers on Wednesday, IME’s public…

The 2nd International Iranian Auto Industry Conference, the IAIIC 2014, is scheduled to unveil the domestic auto industry’s new strategy, which defines the plans in line with the 2025 Vision Plan…

Stock indices slid further at Wednesday’s close, after dropping as much as 1.5 percent on Tuesday, dragging down the Tehran Stock Exchange (TSE)’s benchmark from its recent record highs.

The 20th edition of Iran’s International Exhibition of Electronic, Computers, and E-Commerce, Elecomp 2014, will not be organized by the Iranian ICT Guild organization (IIG). After the IIG…

More than 17,040,000 tons of iron ore has been produced within the first 7 months of the current Iranian year, ended October 22, IRIB reported. In addition, close to 520 tons of concentrated coal…

The rial fell for a second consecutive day against all major currencies and gold on Tuesday.

The US dollar edged up by 0.06 percent to 32,620 rials by 12:30 GMT. The greenback had advanced…

Officials from a major steel company based in northwestern China currently visiting Anzali Free Trade Zone have expressed their readiness to invest in the site, the public relations of AFTZO said…

Iran, occupying the body of land between the Caspian Sea and the Persian Gulf, connects the lands of the East and the West.

In ancient times, the intercontinental transport of luxury…

The governor of the central bank anticipated that the currency market will experience relative calm once Iran receives the first $700 million installment of its frozen assets, as part of the 7-…

Iran tops the new Islamic banking list, according to a new report. Iranian banks hold the lion’s share of Sharia-compliant assets - forty percent or $800 billion of the total two trillion dollars…

Trade between Iran and Azerbaijan hovers at around $500 million a year, a level that could increase if bilateral ties are expanded, said Ali Rabiee, the minister of cooperatives, labor and social…

The European Union has extended a freeze on certain sanctions against Iran after negotiations over the country's nuclear energy program were prolonged by seven months, a press release by the…

Iran is among the top three most prospective broadband Internet markets, based on fixed and mobile broadband growth since 2008 and size of the Internet user base, a new report said.

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International collaboration is the key to success for the auto industry. With this in mind, Iranian car makers encourage foreign partners to become actively engaged in Iran’s car industry, a…

The government is set to increase the costs of smuggling for smugglers in a series of efforts to combat the ever-growing rate of smuggling in the country, Habibollah Haghoghi, the head of the…

Considering the large number of civil engineers seeking employment, the government plans to look for major construction projects in other countries and ways to send Iranian engineers abroad, Akbar…

The inflation rate for the eighth month of the Iranian calendar, Aban, which ended on November 21, dropped 1.3 percentage point, to reach 17.8 percent from 19.1 percent in the previous month,…

The Islamic Development Bank (IDB) has allocated $248.5 million for the development of Iran’s rural wastewater networks, said Ali Asghar Ghane, the deputy manager of the National Water and…

More than 50,000 metric tons of aluminum ingots were exported by Almahdi Hormozgan Aluminum Company during the first eight months of the Iranian calendar year (March 21-November 21), reported…