Economy

Deputy Minister of Economic Affairs and Finance, Mohammad Khaza’ee, recently spoke of drafting a special plan aimed at deregulating investment and adding more transparency to the administrative…

Through collective and united collaboration between private and public sectors, the D-8 member countries can increase their foreign trade volume to $500 billion by 2018, said the secretary general…

Unemployment among women is twice the rate for men, Abol-Hassan Firoozababdi, the deputy minister of labor and social affairs said yesterday, Mehr news agency reported. The official underlined…

Regulations for issuing electronic wallets will be ready by the end of the current fiscal year (ending March, 21), said a senior banking official, paving the way for the transformation of Iran’s…

Russia and Iran plan to create a mutual account for bilateral payments in national currencies, RIA news agency quoted Mehdi Sanaei, Iran’s ambassador to Moscow as saying.

Talks between the…

A Tehran-based investment firm says it plans to launch Iran’s first exchange-traded fund tracking a stock market index, ahead of the possible lifting of international sanctions on the country,…

A top central bank official has confirmed speculation that the previous government and the bank were involved in illegal transferring of around $22 billion in foreign currency out of Iran between…

A top central bank official warned on Tuesday that the regulator has begun shutting down unauthorized bureaux de change in Tehran.

The bureaux shut down so far were located near Ferdowsi…

The Central Bank of Iran has designed a new version of the twenty thousand rial bill ($0.72 at the official exchange rate) and is planning to issue it in a few months, said Majid Saniei, head of…

In the not too distant future, MCI – Iran’s main mobile network operator – has a massive problem on the horizon which it so far appears to be brushing under the carpet. This problem which has been…

The world is moving fast towards tech-based services, banking included. Tech is changing the dynamics of financial services and Iran's shift to electronic banking is incomplete, as its banking…

A long-awaited bylaw seeking to boost supervision over the establishment and management of private credit institutions was approved after a six year delay.

The government on Saturday…

The 6th International Exhibition of Wood Industries will kick off at Tehran’s permanent fairground on February 1, IRNA reported. The organizers say at least 110 companies will showcase their…

The 5th Iranian Steel Market Conference (ISMC 2015) has opened in Tehran today. Participants include top officials from Iran's industrial circle, major domestic steel manufactures as well as three…

The benchmark slightly edged up at Monday’s close to overcome a shaky start, following two trading days that saw stocks wax and wane.

The TSE mid-day recovery was mostly contributed by the…

The Filipino ambassador to Iran has expressed his country’s willingness to set up steel and ferrochrome factories near the southern port city of Bandar Abbas, IRNA quoted the Iranian Mines and…

Algeria and Iran signed a memorandum of understanding (MoU) on Monday to give fresh impetus to bilateral cooperation in the public works.

The fourth D-8 ministerial meeting began in Tehran yesterday with the aim of consolidating and strengthening cooperation in terms of industry and small & medium enterprises (SMEs) among the…

The monthly Consumer Price Index (CPI) for the month ending Jan. 20 hit its lowest level in 42 months, Alireza Moghtadaiee, the head of economic statistics office of the Central Bank of Iran (CBI…

Bilateral trade with Iraq has decreased by nearly 8% this year compared with last year, Jahanbakhsh Sanjabi Shirazi, the secretary general of Iran-Iraq joint chamber of commerce said on Monday,…

A business delegation from Singapore is due to pay a visit to Iran in the coming week to scope out trade opportunities in Iran, IRNA reported on Monday.

Women’s participation in the economy is one fifth of men’s, Abol-Hassan Firoozababdi, the deputy minister of labor and social affairs said in a conference on Monday. As IRNA quoted the official,…

Eighty-five percent of the cell-phones in the domestic market are smuggled into the country, Abdolmajid Ejtehadi, head of the Headquarters for Combating Smuggling of Goods and Foreign Exchange…

Tehran and Ankara are working on a plan to use their national currencies in their trade exchanges, Iranian Ambassador to Turkey Alireza Bigdeli said on Sunday.

Thirty percent of machine-made carpets are exported to countries like China, Canada, and Afghanistan, Mohammad Hadi Kamalian, the head of carpet exporters union said in a news conference on Monday…