Economy

The confiscation of contraband medicine and cigarettes registered a fourfold and threefold rise respectively in the eight months to November 20, compared with the corresponding period of last…

The US Treasury Department unveiled new regulations on Dec. 22, which make it easier for pharmaceutical, medical device and agricultural sectors to more easily sell their products in the 80-…

The average goods and services Consumer Price Index for urban areas increased 7.2% in the 12-month period ending December 20, which marks the end of the Iranian month of Azar, compared with last…

Iran exported about 9.7 million tons of non-oil goods worth $4 billion to Iraq during the eight months to November 20, registering a 1.3% increase compared with last year’s corresponding period.…

Pakistan’s Minister of Commerce Khurram Dastgir Khan said he plans to visit Tehran on December 28-29 to discuss, among other things, a free trade agreement with Iran. “Overall, this upcoming visit…

Based on the latest report by the Central Bank of Iran, the economy experienced a 7.4% growth during the first half of the current fiscal year (started March 20) compared with the corresponding…

Tariff rates on flat steel imports will be cut down by half to 10% in a bid to balance the domestic steel market, Deputy Industries, Mining and Trade Minister Jafar Sarqeyni announced during a…

Europe's Airbus signed a firm contract on Thursday to sell 100 jets to Iran Air, completing a return by western plane giants and paving the way for deliveries to start next month, a year after…

Tehran Stock Exchange’s main index shed 434 points or 0.5% during the week that ended December 21 to end at 80,250.

IFX, Iran Fara Bourse’s benchmark, added 5.9 points or 0.7% to end the…

During the first meeting of Science and Technology Exchange Program of Islamic Countries (STEP) in the Malaysian capital, a Jordanian scientist claimed that there is an unequal distribution of…

An unmanned aerial vehicle (UAV) or drone has been taken out of the sky after entering the no-fly zone near the Presidential office area in downtown Tehran on December 23.

Mohsen Hamedani,…

A new research document released in the US suggests with the help of artificial intelligence cancer could quickly become a disease of the past.

Scientists at the Pharmaceutical Artificial…

Researchers at Iran’s Islamic Azad University, have developed a new strain of plants with the addition of FSG-plasma (fluorosilicate glass), according to Mehr News Agency. Non-thermal plasma…

The Islamic Republic of Iran Customs Administration has fined a South Korean home appliance manufacturer about 30 trillion rials ($750 million at market exchange rate) for violating Iran’s import…

Malaysia will embark on a free trade agreement talks with Iran to take advantage of the potential growth of bilateral business since trade sanctions against Tehran were lifted in January, said…

The parliament voted to raise Iran’s sovereign wealth fund’s share of petroleum revenues to 30% for the sixth five-year development plan (2016-21), up from the previous 20%.

Based on the…

Cooperatives will be granted 100% waiver on penalties provided they pay their taxes by the end of the current Iranian year (March 20, 2017), the head of Iran’s National Tax Administration, Kamel…

Iran’s gross domestic product grew 7.4% during the first half of the current Iranian year (started March 20) compared with the corresponding period of last year, the Central Bank of Iran said in…

The banking sector lent 3.26 quadrillion rials ($82.7 billion) to 5.3 million applicants during the eight months ending Nov. 20, marking a 48.4% growth compared with the same period of last year,…

The Export Development Bank of Iran has rekindled its dealings with 90 international banks after the country reached a nuclear accord with world powers last year, announced the bank’s chief…

With the impending implementation of the plan to switch the Iranian monetary unit from rial to toman, the Central Bank of Iran may issue banknotes with higher denominations, the chief executive of…

The US dollar broke the 40,000-rial threshold in Tehran's market on Wednesday, recording an all-time high for the currency.

While the American currency had begun to rally in November, the…

Esfahan Steel Company has started the production of pure liquid argon, announced ESCO’s head of Energy Management Department, Hassan Khazaei, on Tuesday. According to Khazaei, the production of a…

Stocks continued their moribund trading in Tehran's two equity markets during the Iranian calendar month of Azar (ended Dec. 20), while the rial hit historic lows and moved to money markets…

The International Financial Reporting Standards Foundation has published a new profile on the use of IFRS standards in Iran.