Economy

The 18th International Exhibition of iFood (Food and Food Processing) and the 2nd Exchange, Bank, Insurance and Investment Exhibition opened on Thursday at Mashhad’s International Exhibition…

The number of books published in the Iranian month of Tir (June 22-July 22, 2017) saw a 25% decrease to stand at 1,249 whereas their prices rose by 22% from an average of 144,980 rials to 176,…

A memorandum of understanding was signed between Iran-Oman Chamber of Commerce and Export Guarantee Fund of Iran on Tuesday to help boost cooperation between traders of the two countries, Iran’s…

The development of Russian ports in the Caspian Sea will attract investors from Iran to North Caucasus, an advisor to the head of the North Caucasus Development Corporation, Nurali Rezvanov,…

The goods and services Consumer Price Index for urban areas in the 12-month period ending August 22, which marks the end of the Iranian month of Mordad, increased 7.7% compared with last year’s…

Iranian steel mills produced 11.52 million tons of steel from January to July 2017, registering a 14.1% growth compared with last year's corresponding period, the latest report released by World…

The Office of Foreign Assets Control, the US Treasury Department’s financial intelligence watchdog says Apple is not prohibited from hosting Iranian applications.

Financial sanctions have in a sense been good for Iranian companies, they have allowed time for local companies to develop their own technological skills and boost local job creation. After all…

Billionaire Samsung heir Lee Jae-yong has been sentenced to five years in prison by a court in South Korea for bribery and other crimes which fed public anger and led to the ousting of president…

The new communications and information technology minister has once again warned Internet providers not to overcharge subscribers. “People are unhappy with Internet providers and the way they…

The first Money and Credit Council meeting after the commencement of President Hassan Rouhani’s second term convened late Tuesday with two new members joining the decision-making body…

Bank Sepah allocated $11.17 billion from the National Development Fund of Iran's foreign exchange resources to bankroll major national projects in the last Iranian year (ended March 20, 2017).…

The 28th Islamic Banking Conference is scheduled to be held in Tehran from August 29-30, the official website of the Central Bank of Iran announced. During the annual conference, experts,…

While more than a year has passed since bank deposit interest rates were officially set at 15%, the Central Bank of Iran has now set a deadline through its latest directive to enforce the…

To be able to meet domestic meat demand and prevent price increases and the slaughter of reproductive cattle during the months of Zilhaj, Muharram and Safar (the last and first two months of the…

Average daily rail freight transportation has hit a record high of 84 million tons per kilometer, the deputy head of Islamic Republic of Iran Railways said. Ton-kilometer is a unit of freight…

Head of Planning and Budget Organization Mohammad Baqer Nobakht expects the government to run up a 370-trillion-rial ($9.6 billion) budget deficit in the current fiscal year (March 2017-18).

The Serbian government on Tuesday passed a decision on the abolition of visas for citizens of Iran as well as India, Belgrade-based television broadcaster B92 reported on its website.

A railroad connecting the Iranian Caspian port city of Astara to an Azerbaijani city with the same name will become operational in six months, the deputy head of Islamic Republic of Iran…

Tehran Stock Exchange’s main index gained 169.40 points or 0.21% to end Wednesday trade at 82,541.8.

About 920 million shares valued at $60.96 million changed hands for the day.

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Iran’s Department of Environment has issued a permit for Chadormalu Mining and Industrial Company to initiate exploration operations in the iron ore-rich D19 geological layer, the head of Iran…

Contracts worth more than $10 million in the fields of cement and fisheries were signed between the Iranian and Russian sides during Iran’s 1st Exclusive Exhibition held from August 16 to 19 in…

Tehran Stock Exchange’s main index TEDPIX gained 1,702 points or 2.1% during the fifth month of the current fiscal year, Mordad (July 23-August 22), to end at 82,372.4.

China’s Chery Automobile wants to increase its share of overseas sales to a third of total sales, up from a quarter currently, but plans to do so organically and not through acquisitions, its…

The locally assembled car Changan CS35 is increasing its use of local auto parts, according to the Iranian press. SAIPA Kashan, where the car is currently produced, has said that 20% of parts of…