Economy

The chief executive of Britain’s Rolls-Royce has written to its UK staff to tell them the engineering company is better off in the EU, warning that Brexit could result in some decisions being put…

Referring to the 40% inflation in 2013 rate that was reduced by the current government to around 10% last month, Economy Minister Ali Tayyebnia emphasized on Monday that there has to be some…

The new ‘Risk Management and Compliance Department’ of Bank Melli Iran has begun work with a new structure. The new unit has been formed in accordance with the implementation of rules and…

What has been undermining the domestic economy and by extension the banking sector the most is chronic inflation, says a board member of the Tehran Chamber of Commerce, Industries, Mines and…

Cement exporters are turning away from the lucrative but restricted Iraqi market toward North African countries like Kenya and Ethiopia, says Abdolreza Sheikhan, the head of Iran Cement Employers…

Equities have routed since the turn of the Iranian year in March.

Shares on Tehran Stock Exchange dipped over 7% ever since, while those on Iran Fara Bourse lost nearly 4% during the same…

Tehran Stock Exchange’s benchmark index plunged by 740.80 points or 0.99% to close Tuesday trade at 73,959.7, reaching its lowest since February 3. Losing oil and petrochemical companies as well…

Iran is home to various world-class gold mines boasting 340 tons of proven reserves.

Zarshouran Gold Mine, located 35 kilometers from Takab in the northwestern province of West Azarbaijan…

According to the Ministry of Agriculture, rice imports will come to a complete halt as of July 21.  The Iranian government imposes a ban on rice imports every year during the harvest season…

The drop in non-oil exports in the first two months of the current Iranian year (started March 20) compared to the similar period of the previous year is due to the decline in gas condensate…

Iran’s Minister of Industries, Mining and Trade Mohammad Reza Nematzadeh and Russian Minister of Energy Alexander Novak are scheduled to meet on the sidelines of St. Petersburg International…

Iran has reached an agreement with the US plane manufacturer Boeing to purchase commercial aircraft, the minister of roads and urban development said.

Abbas Akhoundi was also quoted as…

A national census is scheduled nationwide by the Statistical Center of Iran as of September 24.

“It will be carried out in two stages. The first will be via Internet and continue until…

Commercial floriculture in Iran does not have a long history and dates back to only 60 years ago.

About 10 trillion rials (more than $288.5 million at market exchange rate) have been…

Iran's Communications Regulatory Authority Committee has released further details on new Internet prices.  

During a session held on Saturday night, the committee—headed by Minister of…

Microsoft has announced that it will be purchasing social network LinkedIn in an all-cash deal worth $26.2 billion, or $196 per share. According to the company's press release, the deal is…

Apple is attempting to play catchup in this never-ending rollercoaster of technological development with its main competition coming from Microsoft, Google and now even Amazon.

With Apple's…

Iran plans to open a databank in 4 languages for the export of hi-tech products in the near future, said director general for international business affairs of the Directorate for Science and…

If subsidized hard currency continues to be sold to a select group of merchants, problems will arise, according to Mehdi Pourqazi, head of the Mining and Industries Commission at the Tehran…

POS terminals are the most favorite payment method in the country. Last year, they accounted for 85% of total electronic transactions, while internet payment services and mobile payments…

It was late last month that Akbar Komijani, Central Bank of Iran Vice-Governor, addressing the 26th Annual Conference on Monetary and Exchange Rate Policies in Tehran, briefly alluded to closed-…

The Iran-Azerbaijan joint bank will begin operations next year, Central Bank of Iran Governor Valiollah Seif told Azeri-Press Agency. “Iranian President Hassan Rouhani and Azerbaijani…

Bank Ayandeh has joined the Asian Bankers Association in a bid to expand its presence in the global banking network, Ayandeh website reported. ABA is among the biggest Asian associations with more…

TEDPIX, Tehran Stock Exchange’s main index, lost 117.30 points or 0.16% to close trade at 74,700.5 on Monday.

Losses incurred by auto manufacturers, petrochemicals and banks caused the…

Iran embarked on the National Rare Earth Elements Exploration Operation last year with the cooperation of Geological Survey of Iran, the private sector and a European consultant to determine the…