Economy

All Iranian banks will again face another grueling period until the current fiscal year ends in March, says a senior banking expert.

Lawmakers will debate the Comprehensive Banking Bill during a plenary session on Sunday, said Mohammad Reza Pourebrahimi, a member of the Majlis Economic Commission. 

Officials from the Industrial and Commercial Bank of China, the world’s largest bank by total assets and market capitalization, has held talks with the Central Bank of Iran in recent weeks to…

Dozens died and more than 100 others were severely injured in what has become one of the worst rail accidents in Iran in recent memory. 

The subsidiaries of National Iranian Copper Industries Company produced 110,268 tons of copper cathode during the seven months to October 22, registering a 15.5% growth compared to last year’s…

New Zealand’s Trade Minister Todd McClay led the country’s first trade mission to Tehran in 12 years on Friday to revive exports after the lifting of nuclear sanctions against Iran.

“There…

Tehran Stock Exchange’s benchmark index TEDPIX gained 633 points or 0.8% during the week that ended November 30 to close at 80,018. 

There remains a gap between Iran’s consumption and production of flat steel products despite increases in the country’s crude steel capacity, the secretary of the Iranian Syndicate of Steel Pipe…

Iran and Armenia discussed scientific cooperation and joint nanotechnology research. Kazem Sajjadi, Iran’s ambassador to the neighboring country, and Saeed Sarkar of the Iran Nanotechnology…

A new survey conducted by Iran’s Communications and Information Technology News Agency on the quality of 3G/4G mobile Internet connections proclaimed RighTel as the winner in this category.

A plug-in self-driving software company is giving away its retrofit software for free.

George Hotz, the inventor of the Comma.ai windshield-mounted driver assistance device, has made the…

The US dollar is once again at the center of attention in the Iranian currency market with its recent pattern on the upside, the only notable difference this time around being that the higher…

The Philippines and Iran have agreed to expand bilateral ties, beginning with establishing banking relations and renewing economic cooperation between the two countries.

Three Slovenian banks, namely Nova  Ljubljanska banka, Gorenjska banka, and SID are negotiating with the Central Bank of Iran and some commercial lenders, to expand banking relations, said…

Home sales in Tehran totaled 12,400 during the eight month of the fiscal year (Aban) to October 21, marking 21% growth compared with the previous month.  The deals registered a 4.1% growth…

Tehran Stock Exchange’s main index gained 84.47 points or 0.11% to end Sunday trade at 79,625.90.

More than 779 million shares valued at $54 million changed hands for the day.

Mahram…

Hot-rolled coils made up 39.8% of Iran’s 10.28 million-ton steel product output during the seven months to October 22, registering a 4% drop year-on-year, according to the latest data released by…

Minister of Roads and Urban Development Abbas Akhoundi appointed Mehrdad Taqizadeh-Behjati as the acting head of the Islamic Republic of Iran Railways following the resignation of Mohsen…

Iran just weathered its worst economic crisis in contemporary history, but the legacy of the crisis and eight years of mismanagement under the previous administration is affecting everything, from…

Increasing global quotes for steel raw materials and products have let Iranian billet exporters achieve an increase in deal prices for large batches, with suppliers being focused on the Middle…

Early frost has cost orange, kiwi, and livestock and poultry farmers in Mazandaran Province an estimated 6 trillion rials, 1 trillion rials and 2 trillion rials (over $157.5 million, $26.3 million…

Trade between Oman and Iran has surged since international sanctions were lifted against Iran earlier this year.

Azerbaijan and the Iraqi Kurdistan Region have temporarily banned the import of poultry and related products from Iran after two outbreaks of the highly contagious H5N8 bird flu virus were…

More than 52 trillion rials (over $1.36 billion at market exchange rate) of contraband goods were confiscated during the five months to August 21.

The confiscations were seven times as much…

Iran exported 2.6 million tons of non-oil commodities worth $1.35 billion to Afghanistan during the seven months to October 21, registering a 12% decline compared with last year’s corresponding…