Economy

After months of following up the issue, Bank Melli Iran’s Paris branch has been connected to Target 2, the European interbank payment network, a board member of the bank said on Sunday.

Close to 10,190 tons of motor oil worth nearly 242 billion rials ($7.43 million) were exported from Iran to 18 countries during the five months to August 22, the Islamic Republic of Iran Customs…

Tehran, Mashhad, Isfahan, Karaj, Shiraz, Tabriz, Qom and Ahvaz are Iranian cities with a population of over one million people, the latest National Population and Housing Census carried out in…

Iran’s exports in food and processing industries witnessed a 9.3% and 23.4% rise in value and volume respectively.

These exports rose to 923,000 tons worth $1.4 billion during the six…

Esfahan Steel Company has posted strong growth in sales volume and value in the first half of the current fiscal year (March 21-Sept. 22), extending a continuously rising trend in its…

Tehran Stock Exchange’s main index gained 131.30 points or 0.15% to end Sunday trade at 85,394.9.

About 434 million shares valued at $27 million changed hands for the day.

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Local startup, Komoda has unveiled an application which enables users to sell their secondhand clothes. Each user has an Instagram-like account on Komoda, on which they can upload pictures of…

Amazon has been selling Kindles for 10 years now, but “waterproof” hasn’t appeared on its list of incremental technological advancements until now. The company has announced a new version of its…

The US deputy attorney general says the use of “warrant-proof encryption” in popular apps and operating systems, is hampering law enforcement.

Several apps encrypt communications end-to-…

Iran’s second largest mobile operator MTN-Irancell over the weekend announced that it is set to develop eSIMs (embedded Subscriber Identity Module)

The project was announced during an…

The annual turnover of elevator industry in Iran stands at around 50 trillion rials ($1.25 billion), while it has the potential to rise to 200 trillion rials ($5 billion), the president of the…

Close to 31,620 tons of marble worth nearly 348.65 billion rials ($10.72 million) were exported from Iran during the five months to Aug. 22, based on data released by the Islamic Republic of…

With 7.3%, Markazi Province had the lowest unemployment rate in Iran during the first half of the current Iranian year (March 2017-18), an official with the central province’s Governor-General’s…

US President Donald Trump’s Friday speech ended the greenback’s three-week rally in Tehran’s foreign exchange market where the value of the American currency rose to its highest level since…

Bank Melli Iran’s foreign exchange trading services, which include opening lines of credit and processing foreign exchange remittances for importing commodities, have registered respective year-…

Iran and Italy have held extensive negotiations since the nuclear accord was implemented in 2016 for the European nation to extend a major credit line to Iran and it seems that the wait may…

Iran’s stock market remained unfazed by US President Donald Trump’s Friday evening anti-Iran remarks and saw remarkable growth the next day.

Tehran Stock Exchange’s main index gained 519…

Iran’s two major coal companies produced 303,440 tons of coal concentrates in the five months since the beginning of the current fiscal year (March 21-Aug. 22), recording a 36% growth compared…

China’s Great Wall Motor Co Ltd on Friday said it was in talks with BMW to cooperate on vehicles including those the German firm produces under the Mini brand, and that the pair have not yet…

The Trump administration’s push to change the automobile rules in the North America Free Trade Agreement will lead to higher costs on manufacturers and could put jobs at risk, according to…

The government of President Hassan Rouhani has put an end to the auto scrappage scheme. The plan was announced less than a month ago.

According to a controversial government directive,…

A top official at Iran's state oil company on Saturday sought to ensure that the country's key petroleum industry will not be rattled by US President Donald Trump's decision to decertify Tehran'…

In line with Central Bank of Iran’s policy of ditching the US dollar in favor of the euro, Iran’s ambassador to Colombo has called on Sri Lankan banks to trade with Iran in the European Union’s…

The Informatics Services Corporation, a leading developer of banking and payment solutions affiliated with the Central Bank of Iran, has signed a deal with Russia's BPC to develop a national…

After the implementation of the historic international deal on Iran’s nuclear program in 2015, the country has managed to attract $14 billion worth of foreign investments, the head of the…