Economy

E-commerce has boomed in Iran over the last few years. The careers of the Mohammadi brothers are the perfect example of how quickly the industry has evolved. When Saeed and Hamid Mohammadi founded…

Bank Maskan, as the major provider of housing loans, needs to develop and diversify its financial instruments, said the minister of economic affairs and finance on Monday.

In a speech given…

Kish Island authorities have announced a decision to establish the first cross-border bank on the island, according to the economic and investment deputy of Kish Free Zone Organization (KFZO). Ali…

 Steel billet prices fell by around one million rials per ton during last week in Iran’s northern port of Bandar Anzali. The 150mm billet was exchanged at 16.9 million rials per ton, while…

More than 123,000 tons of various commodities were on offer at the Iran Mercantile Exchange (IIME) on Monday, IME’s PR and foreign affairs department reported.

Stocks early rally partly waned at the Tehran Stock Exchange (TSE), as most of the stocks moved up only slightly, with the TEDPIX briefly notched up on Monday.

The unsettled stock market…

Major European car makers are likely to attend a car industry conference in Iran on the first of December. The Second International Auto Conference will have delegations from Mercedes-Benz,…

Turkish transit authorities have left the Iranian administration’s calls for negotiating over truck transit fees unanswered, as the fee spat between the two neighbors continues to hurt truck…

About 40,000 Mehr housing units will be completed and delivered to the applicants by the end of the current Iranian year (March 20, 2015) in cities with a population of 25,000 or below, the head…

African countries, namely Ethiopia are looking to draw in foreign investments, said Ali Bahraini, the Iranian ambassador to Ethiopia. Ethiopia is granting five-year tax breaks to foreign companies…

Halal (religiously permissible) brand can provide Iran with abundant possibility to turn its food industry into a regional hub, which can supply ‘halal food products’ to Muslim nations in the…

The inflation rate for the seventh month of the Iranian calendar, ending on October 22, dropped 1.5 percent to reach 19.1 from 20.6 in the previous month (Shahrivar, August 22-September 22), the…

Minister of Cooperatives, Labor and Social Welfare Ali Rabie warned on Monday of what he called increasing urban poverty, saying that income distribution data shows that seven million people are…

Iran is determined to expand its trade ties with Japan, Valiollah Afkhami Raad, the head of Trade Promotion Organization of Iran said in his meeting with Tsuneyuki Kato, the executive manager…

The cabinet has approved a ministerial proposal to facilitate import and export procedures through a new online software, ISNA reported. According to Section 3 of the Article 12 in customs law,…

A senior official with the ministry of industry on Saturday called the Arvand free trade zone in Khuzestan Province a proper venue for export activities, referring to its closeness with big cities…

The Tehran Stock Exchange has launched a new online trading system which enables traders and brokers from any corner of the world to partake in transactions. The new system could also be connected…

Abundant trade opportunities in Iraq can be seized by Iranian exporters once a project-based approach is adopted to take advantage of these opportunities, said an official of the Iran Chamber of…

Efforts by the Rouhani administration to attract foreign direct investment (FDI) into the country have gained strong momentum, with officials now calling on foreign trade players to shift their…

The government has said it is seriously considering raising the capital of state-owned banks, according to the minister of economic affairs and finance.

Increasing the capital of public…

Irancell 3G operator has increased the internet speed by tenfold, said Irancell Chief Executive Officer Alireza Ghalambor Dezfouli. “Nearly 60% of subscribers of second generation are currently…

Bandar Torkaman’s railcar repair and restoration center has fixed over 1,500 railcars in the past three years, according to Ebrahim Gran-Paha, Islamic Republic of Iran North Railway’s CEO. The…

The government needs 60 trillion rials ($2.24 billion) in investment to build rural roads and reach the target set in Iran’s 5th Five-Year Economic Development Plan (2011-2015).The ministry of…

Transit through Anzali Port, in the past seven months was up by a quarter compared to the same period last year. Over 374,918 tons of goods were exported to Russia, Azerbaijan, Turkmenistan and…

Living cost for each household in urban areas is about 18 million rials ($560 based on market rate) per month, according to a survey conducted by Statistical Center of Iran (SCI) in the first…