Economy

As the nationwide launch of credit cards by the Central Bank of Iran draws near, a private banker believes CBI is introducing the unprecedented measure to stimulate demand in the economy. …

Due to several factors including a rise in real estate deals and a notable flow of liquidity into the housing market, long-term stability in the housing sector is almost a certainty, declared the…

Export Development Bank of Iran will allocate $334 million for the expansion of the loading capacity of Chabahar port.

Head of the Management and Planning Organization said Iran is aiming for an average annual growth of 8% over the course of the next five years and to achieve this ambitious goal, the banking…

Rice topped the list of imports to Iran during the five months to August 21 as more than 563,000 tons of the crop valued at $475.7 million were shipped during the period, according to the Islamic…

Iran exported 434 kilograms of caviar worth one million dollars during the first five months of the current fiscal year (started in March). The figure indicates a 29.8% decline compared to last…

On Monday, the Islamic Republic of Iran Customs Administration surprised the business community by saying it would charge all imports a four percent tax upfront. Members of Iran Chamber of…

Secretary-general of the International Transport Corridor Europe-Caucasus-Asia (TRACECA), Mircea Ciopraga visited Iran’s southern port of Shahid Rajaie on Tuesday to survey ways to increase the…

Iran exported over 3 million tons of non-oil goods valued at $1.1 billion to India during the first four months of the current fiscal year that started in March, registering a 21% increase in…

Tehran’s Shahr-e Aftab International Exhibition Center will host an exclusive Chinese expo from September 19 to 21. Nearly 240 Chinese companies from a wide range of sectors, including…

Tehran Stock Exchange’s main index gained 13 points or 0.02% to end Tuesday trade at 77,358.6.

More than 1 billion shares valued at $51.2 million changed hands for the day.

Iran…

Lebanese Minister of Industry Hussein El Hage Hassan surveyed potential fields of cooperation in a visit to Tehran. He arrived in the capital on Sunday, heading a 70-strong economic delegation.

Iran’s OCTG (oil country tubular goods) market is dominated by seamless pipes, which accounts for more than 90% of total OCTG demand in the country. This is a pattern similar to what is seen in…

Parliament on Tuesday approved a bill on Iran’s accession to two international treaties namely the Nice Classification and the Locarno Classification, Mehr News Agency reported.

On August 28, Iran officially launched the National Information Network. But its launching has raised questions among the concerned public while prompting officials to take a clear stance in…

For some odd reason, search companies feel the need to get involved in the self-driving car industry. Google is doing it, Baidu is doing it and Microsoft is also doing so to a degree. Now we have…

Iran has set up a plant for the production of stable isotopes, said the deputy head of the Atomic Energy Organization. Lauding the recent achievement, Asghar Zarean said Iran has now joined the…

Apple Inc has been sued by owners of iPhone 6 and iPhone 6 Plus smartphones who say a design defect causes the phones’ touchscreens to become unresponsive, making them unusable.

The Majlis Economic Commission approves lowering banking interest rates to 12%, but a prerequisite for that would be stabilization of the inflation rate, says the commission’s chairman.”We are in…

President Hassan Rouhani said Monday mortgage rates related to a signature mortgage scheme have been lowered to single digits.

“As a gift from the government to first-time homebuyers on the…

The chairman of the Industries Commission at the Iran Chamber of Commerce, Industries, Mines and Agriculture has demanded that details of banks’ non-performing loans (NPLs) be published.

The Central Bank Bill is set to improve the regulator's independence in various aspects, said the CBI vice-governor, Ali Akbar Komijani, elaborating on details of the Central Bank Bill and the…

A customs administration directive to raise import taxes met with fierce criticism from the Iran Chamber of Commerce, Industries, Mines and Agriculture on Monday. The controversial decision is…

Iran’s Foreign Minister Mohammad Javad Zarif wrapped up a whirlwind tour of six Latin American countries this week, aiming to strengthen trade and cooperation with the region. Emerging from the US…

Mianeh Steel Complex’s sponge iron plant will become operational by the end of 2016, said Mehdi Karbasian, the head of Iranian Mines and Mining Industries Development and Renovation Organization…