Economy

Bank Melli Iran, the nation’s biggest bank, is set to issue its first-ever housing bonds soon and experts believe that will lead to a drop in the price of bonds in the over-the-counter Fara Iran…

Apple introduced new red models of the iPhone 8 and 8 Plus on Monday. As with the iPhone 7 models announced around the same time last year, Apple is working with Product (RED), an organization…

School and university students from local and foreign institutions competed in the 13th RoboCup Iran Open competitions held at the Tehran Permanent International Fairground from April 3 to 7.

Iran's government decided to finally put an end to the dual foreign exchange regime, in an attempt to control the bullish foreign exchange and gold markets and promote safety of foreign…

Thirteen chicken farms have been infected with avian flu since the beginning of the new Iranian year (started March 21), Ali-Safar Makan-Ali, an official with Iran’s Veterinary Organization,…

Iran Chamber of Commerce, Industries, Mines and Agriculture hosted a joint forum between Iranian and Czech businesses in Tehran on Tuesday.

Based on the latest Eurostat figures shared…

During the Norouz (Iranian New Year) holidays (from March 15 to April 6), a total of 758,963 trips made by Iran’s public road transportation fleet handled 7,788,879 passengers, registering a 3.4…

A delegation of high-ranking officials from Qatar’s Ministry of Transport and Communications as well as Qatar Ports Management Company arrived in Tehran on Monday to survey avenues of expanding…

Misguided forex policies, lack of commercial and financial ties with the world, ineffective system of local businesses and decades-long unhealthy macroeconomic environment are the main factors…

The current upheaval roiling the foreign exchange market requires a different response than in the past, as conditions surrounding the volatility have changed, the government spokesman said.…

Rampaging foreign exchange rates have grabbed many headlines in the past few months and especially the past few days, but the ailing housing sector that recently showed signs of coming out of…

Following the signing of a short-term refinance deal, the Europaisch-Iranische Handelsbank AG has allocated a €30 million credit line to the Export Development Bank of Iran.

This was…

Russian Energy Minister Alexander Novak said the country is considering an option of making oil payments in national currencies, particularly with Turkey and Iran. According to Novak, both…

Bank Melli Iran's investment arm, Tosee Melli Group Investment Company, is planning to continue its downsizing efforts, which started last year, by selling stakes in six of its assets in the new…

The last fiscal (ended March 20, 2018) had its ups and downs, but it was propitious for major Iranian exchange-listed steelmakers. 

Increasingly favorable global conditions, rapid…

Iran’s capital market raised over 132 trillion rials ($2.64 billion) through the issuance and sale of Islamic bonds in the last fiscal year (March 2017-18), indicating a 58% increase compared…

The Ports and Maritime Organization plans to increase Iranian ports’ container capacity from 5.94 million TEUs in the last Iranian year (ended March 20, 2018) to 9 million TEUs by the end of the…

Tehran Stock Exchange’s main index added 779.57 points or 0.81% on Monday compared to the day before to end trade at 97,120.8.

About 1.04 billion shares valued at $36.55 million changed…

Apple has removed two messenger apps developed by Iranian programmers from the company's iOS App Store. Soroush and Bale are the out-of-luck apps targeted by Apple this time around.

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The immediate deaths arising from accidents during Norouz, the Iranian New Year holiday season (March 21 to April 2) regrettably rose compared to the same period of last year.

Statistics…

Nissan Motor Co. hardly seems like an automaker in need of more corporate tie-ups, with its alliance links to Renault and Mitsubishi, and a network of partnerships with Daimler AG of Germany,…

German carmakers BMW and Daimler are under increasing pressure to diversify production of their sports utility vehicles outside of the United States as a result of Washington’s growing trade…

Iran exported more than 314 tons of soup and stew worth $1.03 million during the 11 months to Feb. 19, the Islamic Republic of Iran Customs Administration announced.

Australia, Sweden,…

The 2018 edition of Global Entrepreneurship Index, a composite indicator of the health of entrepreneurship ecosystem, has ranked Iran 72nd out of a total list of 137 countries and 11th out of 14…

Exports from Iran’s small- and medium-sized enterprises amounted to $2.3 billion in the last Iranian year (ended March 20, 2018), the deputy head of Iran Small Industries and Industrial Parks…