Economy

Although a strong case can be made that there is a strong correlation between a robust financial system and economic growth, the mushrooming growth of banks and financial institutions in Iran,…

The Central Bank of Iran signaled its interest in allowing foreign banks and financial institutions to team up with Iranian banks, showing a change in the bank's past attitude.

Iran's…

In a quiet street in Tehran’s central Amirabad neighborhood, Mohammad’s little corner shop caters mostly to conscripted soldiers taking a break from their military barracks a few blocks down the…

Tehran Stock Exchange’s performance during the week that ended July 24 has stoked concern among investors with the benchmark tumbling 1,183 points or 1.72% to settle at 67,644 amid alleged…

The July 14th nuclear deal between Iran and the six world powers looks set to be a mixed blessing for China. China is one of the largest importers of Iranian oil and a major investor in the…

The secretary of Iran’s Steel Producers Associations has called for increasing cooperation with Germany, especially in alloy steel production, Eghtesad News reported. Recalling the successful…

Scientists on the hunt for extraterrestrial life have discovered “the closest twin to Earth” outside the solar system, NASA announced on Thursday.

Iran and Kazakhstan opened a center to exchange technology in a ceremony held in the Kazakh city Almaty, which was attended by Iranian Deputy Minister of Science, Research and Technology Vahid…

Iran's Minister of Communications and Information Technology Mahmoud Vaezi has opened an account on social media app Instagram.

 According to Mehr News Agency, the minister posted a…

The first Summer School on Data Center is to be held from August 4-5 at the Faculty of Applied Sciences affiliated to the Ministry of Communications and Information Technology, in Tehran.

Chicken exports continue to Iraq despite the recent rumors regarding a halt in exports due to an outbreak of avian flu, said the deputy minister of agriculture in livestock production affairs. “So…

Until further notice, bananas, pineapples, coconuts and mangos can be imported with no permit requirement from the Ministry of Agriculture to prevent any monopolies in fruit imports, announced the…

Deputy minister of cooperatives, labor and social welfare Seyed Abolhassan Firouzabadi has warned about the low economic participation rate of Iranian women compared to global standards.

Around 80% of Iran’s saffron is grown in Khorasan Razavi Province, announced Hashem Naqibi, who is an official with the province’s Agricultural Jihad Organization.

“It is not wrong to say…

Director-general of Mazandaran Province’s Customs Bureau, Abolqasem Yousefinejad, says Kazakhstan will make new investments in northern ports of Iran, namely Mazandaran’s Amirabad Port in the near…

An Indian trade delegation led by deputy director of the Confederation of Indian Industry Aditya Ghosh is wrapping up a week-long visit to Iran today. Their tour included a meeting with the…

Top officials and traders from Iran, Austria, France, the UK, Germany and other countries gather today at the two-day “Iran-EU Conference on Trade and Investment” held in the Austrian Federal…

A one-day business and trade conference with Turkmenistan will be held in Tehran on July 26, alongside the Iran-Turkmenistan Economic Commission.

After Bank Tejarat canceled its general meeting, Bank Saderat also called off its extraordinary meeting. The election of its board of directors was on the agenda of Saderat’s meeting, but the bank…

The foreign exchange market remained reserved in the week following the accord reached over the scale of Iran’s nuclear activities.

Investors surprised analysts, who had predicted a run on…

A market expert suggested mortgage-backed securities as an effective financial tool to raise fund for the housing market, in a move to help it overcome current recession and become regulated in…

Although Iran and the six world powers reached a nuclear agreement last week to lift sanctions against Tehran in exchange for limiting its nuclear activities, the eventual removal of sanctions on…

Tehran Stock Exchange’sbenchmark shed 406.4 points or 0.6% to close at 67,644.3 on Wednesday to wrap up its fourth consecutive trading day in red.

The textile industry has been experiencing severe problems in recent years, with major textile factories either shutting down or incurring huge losses.

A majority of textile factories are…

When Clemente Cappello traveled across Iran in May 2012, the US and European Union had just expanded sanctions against the country over its nuclear energy program.

Just over three years…