Economy

The governor of the Central Bank of Iran has called on the government of Switzerland to help introduce Iran’s banking sector to Swiss business leaders and entrepreneurs to help build cooperation…

The Central Bank of Iran will release its nine-month economic growth report in the last week of the current fiscal year (ends March 19).  CBI vice-governor, Akbar Komijani, said the CBI…

SHAPRAK payment and settlement network hosted 838 million successful transactions during the month that ended  Jan. 20 with a total worth of 873.1 trillion rials ($28.9 billion), marking a…

Saffron production increased by 20% in the current Iranian year (to end March 19, 2016), compared to last year, to reach 300 tons, a saffron exporter said. “Price fluctuations have, however,…

Close to $1.5 billion worth of clothing have been smuggled into the country so far this Iranian year (to end March 19, 2016), says the head of the Ministry of Industries, Mining and Trade’s…

During Chinese President Xi Jinping's visit to Tehran in January, Iran and China agreed to cooperate in a number of areas, including energy, transportation, railroads and ports.

Tehran Stock Exchange’s main index TEDPIX shed 494.50 points or 0.63% to end Sunday trade at 77,733.8.

Over 1.4 billion shares valued at $169 million were traded, with daily trade value…

More than $25 million have been invested by the Iranian Mines and Mining Industries Development and Renovation Organization, affiliated to the Ministry of Industries, Mining and Trade, so far this…

Government policies enacted after four ministers wrote a letter to President Hassan Rouhani in October averted an economic turmoil, the economy minister said.

"We made decisions about all…

Concrete blocks are made from cast concrete, Portland cement and aggregate, usually sand and fine gravel, for use in building construction.

Lower density blocks may use industrial wastes as…

In the Hindu Kush mountains, craftswomen painstakingly stitch flowing scarves, skilled artisans who were unable to sell their products beyond the remote region until mobile Internet came to…

Recent statistics show that Iran's scientific place in the world has advanced by two levels since the new Iranian government took office in August 2013–a feat linked to the growth in cooperation…

A new application named "Universal App" for all Windows 10 devices, be it mobile, tablet or desktop, has been released, which allows people to watch live stream television from several countries…

Samsung notched a big legal victory on Friday when a US appeals court overturned a May 2014 verdict ordering the South Korean company to pay Apple $119.6 million for infringing on smartphone…

Two collaboration agreements were signed in Tehran during the official visit of Swiss President Johann Schneider-Ammann to Iran from 26 to 28 February 2016.  The agreements forge ties between…

Business Monitor International has predicted that Iran’s banking sector will benefit from the removal of sanctions at the start of 2016 as the removal of sanctions will offer much needed respite…

In the annual Public-Private Sectors Dialogue Council held this month Economy Minister Ali Tayyebnia made some ambiguous remarks on the extent of the government’s role in setting foreign exchange…

The Ministry of Roads and Urban Development will transform Bank Maskan, the country’s main housing bank, into a development bank and raise the lender’s capital by 50 trillion rials ($1.65 billion…

Banks gave a total of 2.98 quadrillion rials ($98.2 billion) in loans during the ten months ending January 20, marking an increase of 10.4% or  282.1 trillion rials ($9.3 billion) compared to…

Australian meat processors and exporters are in Tehran this month hoping to revive old market loyalties in the wake of the United Nations recently lifting economic sanctions against Iran.

Iran Mercantile Exchange’s industrial and mining trading floor witnessed the trading of more than 100,000 tons of rebars and I-beams produced by Esfahan Steel Company on Saturday. Over 15,000 tons…

Tehran Stock Exchange’s main index TEDPIX gained Saturday on reports of big gains made by the alliance of moderates and reformists in parliamentary elections.

Failure in establishing a compulsory standard, building brands, packaging and marketing has led Iran’s honey exports to experience a dip in the current Iranian year (to end Match 19, 2016).

Suspense prevailed over the reports that the Indian steel and energy company, Jindal Steel and Power Limited, had bagged a portion of order to supply rails to Iran for a major railroad expansion…

Long lines of trucks formed at customs just outside Tehran.

Machine components, electronics and pharmaceuticals: everything that Iran imports has to pass through here.