Economy

Iran's sovereign-wealth fund has approved more than $36 billion in foreign exchange loans since its inception about six years ago until the third quarter of the current fiscal year to Dec. 21.…

Major currencies continued their bullish trend in Tehran’s foreign exchange market on Sunday, prompting the rial to fall to record lows. According to Tehran Gold and Jewelry Union’s website, the…

The goods and services Consumer Price Index in the 12-month period ending Jan. 20, which marks the end of the Iranian month of Dey, increased by 8.2% compared with last year’s corresponding…

Chairman of Iran National Carpet Center Hamid Kargar expects Iran's exports of hand-woven carpets to reach $400 million by the end of the current fiscal year (March 20).

Last year's (…

The Rasht-Astra Railroad project will be carried out by Iran and the neighboring Azerbaijan, each providing 50% of the required finances.

Announcing the above, Deputy Minister of Roads…

Iranian company Agro Portal, with the help of Kazakhstan’s National Company for Investment Support and Promotion, also known as Kazakh Invest, has invested in the construction of a halal meat…

Iran’s apparent finished steel usage recorded a meager growth in the first nine months of the current fiscal year (March 21-Dec. 21, 2017) while consumption of semi-finished steel dropped.

Tehran Stock Exchange’s main index lost 596.11 points or 0.6% to end Sunday trade at 98,221.1.

About 2.78 billion shares valued at $223.6 million changed hands at TSE for the day.

Some 96,000 tons of pistachios worth $852 million were exported from Iran in the nine months since the beginning of the current Iranian year (March 21-Dec. 21, 2017), Deputy Agriculture Minister…

A total of 70 trillion rials ($1.5 billion) have been earned during the first eight months of the current fiscal (started March 21, 2017) from newly identified economic operators, the chairman…

Public wages in Iran account for 5% of the country’s gross domestic product, a newly published report by the International Monetary Fund titled “Public Wage Bills in the Middle East and Central…

Iran exported more than $7 billion worth of commodities, including oil and gas, to Turkey during the 11 months to Nov. 30, 2017, registering a 68.5% rise compared with last year’s corresponding…

Iran has exported more than $5 billion worth of commodities to Iraq since the beginning of the current Iranian year (March 21, 2017), the secretary of Iran-Iraq Chamber of Commerce announced.…

Iranian Internet subscribers as of Friday are charged 70% less for using locally-developed messaging applications compared to service offered by foreign firms.

Facebook wants to make sure its users are not “duped by stories from untrustworthy news publications”. So it is asking users which news publications they trust. CEO Mark Zuckerberg announced on…

Iranian banks still have to pay high interests on their deposits while their income from loan allocations has dropped significantly due to a serious credit crunch, increasing their losses and…

Bank Maskan, the agent bank of the housing sector, has allocated loans for the construction and purchase of 260,000 residential units in the first nine months of the current fiscal year to Dec.…

Bank Melli Iran, the country’s biggest bank, attracted more than 22% of all the rial and foreign exchange deposits of the banking system in the first nine months of the current fiscal year to…

The joint commission of the parliament has wrapped up work on the budget bill for the next fiscal year (March 2018-19) and submitted its draft version to the Majlis Presiding Board on Saturday…

Iran's foreign exchange market on Saturday witnessed a rise in the rates of all major currencies against rial, the national currency.

Iran exported 750,000 tons of dairy products during the nine months to Dec. 22, 2017 to register a 30% increase compared with last year’s corresponding period, Deputy Agriculture Minister Hassan…

Armenian Prime Minister Karen Karapetyan said trade between Iran and Armenia during the 10 months of 2017 was worth only $62.5 million, excluding energy.

City Councilor Zahra Nejadbahram said as little as 0.006% and 0.001% of Tehran’s budget were allocated for the development of entertainment infrastructures in the fiscal years March 2016-17 and…

The government is planning to build 10 new cities to balance population increase in the northern parts of the country and decline in the southern parts, deputy minister of roads and urban…

The Ninth International Exhibition of Doors and Windows Technology, also known as ‘Do-Win Tech 2018”, is scheduled to be held from Feb. 2 to 5 at Tehran’s International Fairground.