Economy

Small- and medium-sized enterprises will receive 16 trillion rials ($515.3 million) worth of loans by the time the current fiscal year ends on March 20, said the head of the Monetary and Banking…

Fifteen tons of olives were imported into the country in the first quarter of the current Iranian year (March 20-June 20) despite an official ban on imports of the fruit. “The olives were imported…

The biggest international catering company in the Middle East, Dona, was inaugurated in Tehran at a ceremony on Sunday, IRNA reported. The Minister of Roads and Urban Development Abbas Akhoundi,…

Iran exported more than 12,000 tons of non-oil goods worth $20 million to Australia during the first four months of the current Iranian year (March 20-July 21), which indicates a 184% increase…

More than 13.4 million tons of wheat was produced in the country since March, up from last year’s 11.5 million tons as harvest season draws to a close, ISNA reported. Khuzestan, Golestan, Fars,…

About 70% of Iran’s 4-million-ton steel pipe manufacturing capacity is unutilized due to weak domestic demand, according to member of the Syndicate of Steel Pipe and Profile Manufacturers Hadi…

Higher tax revenues have always been a dream for the government. Though it is not smoothing shared by all in high places. Easy oil money meant that tax revenues were never really needed. So,…

Minister of Industries, Mining and Trade Mohammadreza Nematzadeh has called for the use of concrete instead of structural steel in building construction with the dual aim of boosting the structure…

According to figures released by the Anti-Smuggling Organization, apparel tops the list of goods smuggled into Iran. The Islamic Republic of Iran Customs Administration says imports of clothes…

A German delegation comprising of Volker Rieke, deputy head and acting director general of the German Federal Ministry of Education and Research, met with academics from Iran’s University of…

Iran and Hungarian National Research, Development and Innovation Office have agreed to establish joint tech companies and technology parks.

According to Ali Morteza Birang, an official at…

Iran’s first cloud data center was launched on Sunday.

Minister of Communications and Information Technology Mahmoud Vaezi was present at the launch of Afranet Cloud Data Center, IRNA…

A new report on customer satisfaction with Internet, mobile and related services has recently been released by Iran’s Ministry of Communications and Information Technology.

The government wants to revalue the Central Bank of Iran’s overseas assets and have the proceeds wired to its coffers. The parliament wants interest due on loans smaller than one billion rials ($…

A containership owned by South Korea’s Hyundai Merchant Marine Co. has berthed at Iran’s Shahid Rajaee Port in the southern Hormozgan Province, said head of Hormozgan Ports and Maritime…

An international forum dubbed ‘Showcase Iran 2016’ has been scheduled for London October 3-4 with the aim of helping UK and European businesses  explore investment opportunities in Iran after…

Iran exported 333,800 tons of non-oil goods worth $216.2 million to Italy during the first four months of the current fiscal year (March 20-July 21), registering an 11% rise compared to the…

All railroad stations in the major cities will be linked to rail-based commuting systems, especially in the newly-emerging new cities, according to CEO of the Islamic Republic of Iran Railways,…

Iran will retaliate against Turkmenistan's recent decision to increase tariffs on Iranian transit trucks, says director general of the Transit and Border Terminals Bureau of Iran's Road…

If the government uses its declared plan to unify foreign exchange rates to plug its budget deficit, it would counteract its disinflationary policies, said the chairman of Majlis Economic…

The Central Insurance of Iran has called on insurance companies to provide the latest data about the performance of their agents on their websites, in line with plans to enhance transparency in…

The government has been holding talks with banks to help pull the housing sector out of recession, since “stagnation in the housing sector is not acceptable, not even in the short run”, said the…

Bahar-e Azadi gold coin lost 90,000 rials of its value in Tehran’s market on Saturday, marking a 0.81% drop compared with the previous day’s close. The benchmark gold coin sold for 11.09 million…

South Korea’s POSCO is expected to complete by next month a feasibility study for the construction of a steel plant in Iran.

The company signed a memorandum of understanding aimed at…

As Iraq has reduced its imports from other countries due to the steep decline in international oil prices, costs of the bloody war with IS terrorists and the subsequent budget deficit, Iranian…