Economy

New data released by Dyn Research Corporation says that 53 internet networks in Iran had a momentary outage on December 3, hampering the first day of the Iranian business week. The Telecoms…

The government aims to promote competition in the insurance industry, the economy minister said at an annual event held to mark National Insurance Day on Saturday.

"We are looking to make…

Iranian private lender, Bank Sina, has opened an account in Switzerland’s BCP, which allows Sina to transfer euro and Swiss franc. According to a press release released on Sina’s website on…

Export Guarantee Fund of Iran, the state-owned export credit agency, will start offering insurance coverage for fluctuations in foreign exchange rates, mainly to support Iranian exporters, said a…

The US dollar swelled yet again in Tehran’s foreign exchange market on Saturday, reversing its fall on Thursday.

The greenback started off at 38,000 rials at the market’s opening on…

Top officials from Switzerland’s Federal Department of Economic Affairs, Education and Research and State Secretariat for Economic Affairs are set to visit Tehran next week.

A dispute between the ministries of roads and industries over the import of freight wagons from Russia has recently grabbed headlines in the local media. 

In an open letter, Minister…

Foreign direct investment in Iran has been made easier, as Bank Mellat, one of Iran's largest lenders, has signed a contract with the Central Securities Depository of Iran to facilitate FDI in…

Plans are underway to build a chromite concentrate plant in Kerman Province, the managing director of South Kerman Industries, Mining and Trade Organization announced. “The plant will produce 20,…

Iran Chamber of Commerce, Industries, Mines and Agriculture hosted the Iran-New Zealand Economic Forum on Saturday. 

Present at the gathering were New Zealand’s Trade Minister Todd…

Telepizza, the leading pizza restaurant chain based in Spain, has announced its planned arrival in Iran as of March 2017 via a strategic master franchise alliance with its partner Momenin…

The number of people looking for jobs has risen by 20% over the seven months of the current fiscal year (started March 20), an official with the Ministry of Cooperatives, Labor and Social…

Close to $118 million worth of non-oil products were exported from Golestan Province in northern Iran during the seven months to October 21, 2016, according to the head of the province’s…

The Ministry of Agriculture has banned the import of walnut because of bumper production of the crop in excess of domestic demand, an official with the ministry said. Ramezan Rouyintan added that…

India’s UCO Bank Ltd will open its Tehran office by the yearend, Iran’s Foreign Minister Mohammad Javad Zarif said, citing a top official with the Central Bank of India as saying. 

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Modiran Vehicle Manufacturing (MVM) has brought a new Chery model to Iran for testing before it goes on official sale. According to local automotive news website Asbe Bokhar, the new car, the MVM…

The central dealership of Iran’s second largest auto manufacturer, SAIPA, opened in Lebanon on Friday.

Senior officials from both countries attended the inauguration,…

A total of 820,463 cars were manufactured in Iran during the first eight months of the current fiscal year that started in March, according to a report from the Auto Manufacturers Association.…

Agriculture Minister Mahmoud Hojjati and Dutch Minister of Economic Affairs Henk Kamp signed a memorandum of understanding in Amsterdam on Friday to enhance cooperation in the agriculture sector.…

The average Producer Price Index in the 12-month period ending November 20, which marks the end of the Iranian month of Aban, reached 3.3% compared with last year’s corresponding period.

Leading an economic delegation, Foreign Minister Mohammad Javad Zarif is to set off on a tour of India, China and Japan on Saturday. The delegation comprises directors of 38 companies affiliated…

The return of 17 international shipping lines to the provincial ports since the implementation of the Joint Comprehensive Plan of Action is a great success, the governor of Hormozgan Province said…

Intermediate goods constituted 68% of the value of Iran's imports during the eight-month period ending November 20.

According the Islamic Republic of Iran Customs Administration's latest…

Iran’s Minister of Cooperatives, Labor and Social Welfare Ali Rabiei is scheduled to attend the 16th Asia-Pacific Regional Meeting of the International Labor Organization in Bali, Indonesia, from…

The governor of the Central Bank of Iran is trying to assuage concerns about the recent surprise rally in currency markets saying the surge is temporary and will abate in the last three months of…