Economy

Banks in Switzerland could seize the opportunity of playing a leading role in financing investment projects in Iran, President Hassan Rouhani’s chief of staff said in a meeting with members of…

The Third International Exhibition of Bags, Shoes, Leather and Related Industries opened in Tehran on Tuesday, with foreign companies from 80 countries exhibiting their brands.

Held at the…

The government decided on Wednesday to allocate 2 trillion rials ($51.28 million at market exchange rate) in loans with an interest rate of 10% to orchard owners in Mazandaran Province who…

Tehran will host the annual forum of the Council of Asia-Pacific Furniture Association (CAFA) on December 14, in which representatives of furniture associations from Pakistan, the Philippines,…

Iran will send skilled workers in tourism, mining, fishing and transportation sectors to Oman, based on an agreement reached between Iran’s Minister of Cooperatives, Labor and Social Welfare Ali…

Representatives of French firms were in Tehran for a three-day visit ending Wednesday to offer solutions in the fields of aerospace maintenance and airport infrastructure, and explore business…

Senior officials and trade association leaders from China and Iran have called for reinforcing Beijing’s role in revitalizing infrastructure and trade in Iran.

China is well positioned for…

Plans are underway for cement production to reach 57 million tons by the end of the current Iranian year (March 20, 2017), 20% of which will be earmarked for exports, says a member of Cement…

Iran’s budget plans for the post-sanctions era are supportive of growth, but the incoming US administration and oil prices could present obstacles, Moody’s said.

Islamic Republic of Iran Shipping Lines has signed its first post-sanctions shipbuilding deal with the world's largest ship manufacturer Hyundai Heavy Industries on December 9.

Based on a…

Tehran Stock Exchange’s Benchmark index gained 1,323 points or 1.7% during the week that ended December 7 to end at a nine-month high of 81,341.

IFX, the over-the-counter Iran Fara Bourse’s…

A proposal for Pakistani banks to open branches in Iran will soon be reviewed by the neighboring country’s officials, said a member of the National Assembly of the South Asian country.

Iranian banks have no plans to further lower interest rates until the end of the current fiscal year that ends on March 20.

If the decision made by the Cabinet to change Iran’s monetary unit is implemented, Iranian banknotes will also undergo changes, a deputy governor of the Central Bank of Iran said.

Iran’s Economy Minister Ali Tayyebnia has called for the expansion of Iran-Czech banking relations during a meeting with Governor of Czech National Bank Jiri Rusnok on Thursday in Prague.…

A new publication by the UK’s National Society for the Prevention of Cruelty to Children (NSPCC) says that social media is fueling a nation of “deeply unhappy” children due to self-harm.

Data from the Ministry of Communications and Information Technology shows that up to September 21, the total number of SIM cards sold in Iran was an estimated 160 million, 78.6 million of which…

The Islamic Republic of Iran has developed the science and technology skills necessary to be a global player in more than oil and gas but needs to invest more in innovation to compete effectively…

During a recent visit to Iran, a delegation from Moscow-based Kalibr Technology Park signed a memorandum of understanding with the Fars and the Khuzestan technology parks, according to a report…

The government has approved changing Iran’s monetary unit from rial to toman, which will lop off one zero from the current national currency rial.

The decision was made when ratifying the…

The Central Bank of Iran’s grand plan to overhaul its financial oversight regime is almost complete and will be unveiled soon, announced the bank’s governor.

“The plan to overhaul CBI’s…

The new type of financial statements adopted by the Central Bank of Iran has done nothing to cause Iranian banks’ profit woes, says the director of CBI’s Department for Supervising Banks and…

The Iranian government has issued the permission for taking a loan from Russia during the Cabinet meeting on Wednesday. The money would be spent on the development of infrastructure projects,…

Seafood exports in the current Iranian year (to end March 20, 2017) are estimated to exceed $380 million to register an 8.5% increase compared with last year, according to the head of Iran…

The domestic production of chicken and red meat is sufficient to meet about 90% of Iranian needs, says the managing director of Poultry Producers Union. “Local producers have the potential to…