Economy

The latest report released by the Central Bank of Iran (CBI) estimates economic growth of 2.8 percent, including the oil sector, and 2.5 percent, excluding the oil sector,  during the third…

Government revenues during the third quarter of the past Iranian calendar year (September 23- December 21, 2014) stood at 230,173 billion rials ($8.22 billion at official exchange rate), while the…

The Central Bank of Iran (CBI) report for the third quarter of the last Iranian calendar year (September 23- December 21, 2014) indicates an unemployment rate of 10.5 percent during the period,…

Member of Parliament’s Agricultural Commission, Mohamamd-Mehdi Boroumandi on Sunday criticized the excessive imports of sugar, warning about multiple difficulties faced by sugarcane farmers and…

The volume of trade between Iran and Iraq has exceeded $12 billion and the figure is expected to hit $25 billion, said Hassan Danaeifar, Iran’s ambassador to Iraq.

Trade with Saudi Arabia has been made difficult as the Arab country has imposed several restrictive measures against Iranian businessmen, including lengthy visa issuance procedures, Ebrahim Jamili…

A commercial delegation from the Czech Republic is scheduled to pay a three-day visit to Tehran next week to scope out possible investment opportunities in Iran, Mehr news agency reported on…

Parliament ratified allocation of $300 million from the National Development fund of Iran's (NDFI) resources to the Innovation and Prosperity Fund, Behzad Soltani, head of the IPF, said in a news…

Apple's upcoming wearable technology called the Apple Watch has hit a snag in its roll out across Europe according to GSM Arena on Sunday. Apple is allegedly facing a intellectual property issue…

In the first 24 hours of the new Iranian year (started March 21), people around the country sent 1.16 billion text messages on the largest mobile network operator MCI (Hamra-e-Aval), the company's…

Minister of Communications and Information Technology Mahmoud Vaezi has called for the improvement of the performance and speed of internet connections in the country this year (started March…

German companies are hoping to win billions of euros worth of business from Iran after world powers reached a preliminary nuclear accord with Tehran, and Germany’s engineering body urged banks to…

The framework agreement between Iran and five permanent members of the UN Security Council plus Germany (P5+1) will take time to finalize, and the sanctions will roll back in due course, but…

Banks will have to engage in more widespread activities and prepare for a more effective presence on an international scale, said Central Bank of Iran’s (CBI) governor Valiollah Seif.

His…

Higher offtake of goods from the United Arab Emirates to Iran will depend on the stance of UAE banks on opening letters of credit, say trade sources, as last week nuclear deal between Iran and…

A business delegation from India led by Indian deputy minister of commerce and industry, Rajeev Kher, traveled to Iran on Saturday to discuss resumption of rice exports to Iran,…

Official statistics by Iran Customs Administration show that 10 major customs portals across the country accounted for 84.58% of total imports in terms of weight and 83.85% in terms of value…

A report by the Statistical Center of Iran (SCI) shows a 53.9% decline in the number of residential construction permits issued by Tehran municipality during the first half of the Iranian calendar…

Non-oil exports reached $49.7 billion last Iranian calendar year (ending on March 20), recording an 18.87% increase compared to the preceding year, when the figure stood at $41.8 billion, IRNA…

Russia is ready to expand cooperation with Iran by launching joint ventures in the areas of aviation, shipping and automotive industries in the wake of lifting of economic sanctions against Iran…

Macaroni is a variety of dry pasta that is usually boiled before consumption. Macaroni can take different shapes in different countries and regions. The best kind of macaroni is said to be made of…

Close to 8,400 tons of bitumen 6070, as well as 480 tons of roof insulation were offered on the export trading floor of Iran Mercantile Exchange (IME) on Sunday.

The Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) says it is expanding exploration operations of mines into the western regions of the country, Tasnim news…

M obile applications or in other words “mobile apps” have become so integrated in the day to day lives of smartphone and tablet computer users that it’s becoming increasingly difficult to imagine…

Huge gains at the Tehran Stock Exchange (TSE), once again were accompanied by spectacular surge of indices, with the TEDPIX soaring more than 2,400 points at Sunday's close, which is a record high…