Economy

After Iran ditched the US dollar in its financial reporting and the Central Bank of Iran is pursuing the policy to sideline the greenback in its forex transactions in response to US restrictions…

In an official decree, Governor of the Central Bank of Iran Valiollah Seif has appointed Seyyed Ahmad Araqchi as the new CBI deputy for foreign exchange affairs. Araqchi obtained his bachelor’s…

Iran-China Chamber of Commerce has denied reports of Iranian traders’ bank accounts being closed by Chinese lenders as part of new restrictions imposed on the country by Beijing–an important…

Around 20% of Iran’s demand for tobacco are domestically produced, the head of Tobacco Planning and Supervision Center said.

“Plans have been made to increase land under tobacco…

The government has considered close to 33 trillion rials ($865.5 million) in budget to modernize irrigation systems in Iran’s farms and orchards in the current fiscal year (started March 21), of…

Close to 1.38 million tons of non-oil goods worth $557 million were exported from Kermanshah Province during the first four months of the current fiscal year (March 21-July 22), according to the…

Kitchen stoves worth $17.7 million were exported from Iran in the last fiscal year (March 2016-17). The figure stood at $14 million the year before. Export destinations for the product mainly…

The 17th International Exhibition of Construction Industry is scheduled to be held in Tehran’s International Fairground from August 12 to 15, Mohammad Karimi, an official with Iran Chamber of…

During the first four months of the current Iranian year (March 21-July 22), 905 TEU (20-foot equivalent unit) containers were loaded and unloaded in Iran’s southern port of Bandar Lengeh,…

Major Iranian steelmakers exported 2.13 million tons of semi-finished and finished steel products during the first four months of the current fiscal year (March 21-July 22), registering a 3%…

Tehran Stock Exchange’s main index inched up 28.20 points or 0.03% to end Tuesday trade at 81,313.9.

About 462 million shares valued at $55.96 million changed hands for the day.

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The fourth edition of the Europe-Iran Forum has been scheduled to be held in Zurich on October 3-4, 2017.

European business leaders and policymakers will convene with their Iranian…

In a meeting between the Telecoms Minister Mahmoud Vaezi and Thailand’s Minister of Digital Economy and Society Pichet Durongkaveroj, the two sides agreed to build cooperation in the fields of…

The International Telecommunication Union is set to Invest in Internet of Things (IoT) projects in the country, according to a local report.

IoT applications allow users to monitor and…

The unlimited Internet package schemes proposed by the Communications Regulatory Authority (CRA) and backed by Telecoms Minister Mahmoud Vaezi has received a frosty reception from Internet…

Iranian companies are now getting in on the so-called ‘influencer marketing’ with positive results, according to sources in the marketing sector.

Bank Maskan, as the agent bank in the housing sector, is now offering loans for renovation of residential units in old parts of cities with an interest rate of 12% which, according to a top…

In line with making up for lost time during the sanctions era and complying with banking standards, the Central Bank of Iran has been striving to conform to Islamic Financial Services Board…

Middle East Bank is set to open its Munich branch in the German state of Bavaria by the end of September, a board member of the bank announced. “The inauguration of the branch was supposed to be…

Minister of Economic Affairs and Finance Ali Tayyebnia met with Chairman of the Chinese National Development and Reform Commission He Lifeng in Tehran to discuss various dimensions of Iran-China…

Tehran Stock Exchange’s main index lost 98.40 points or 0.12% to end Monday trade at 81,285.7.

About 640 million shares valued at $43.52 million changed hands for the day.

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Steel trade in Iran is picking up after a long period of subdued demand and activity. In fact, demand has doubled or tripled for certain products, exceeding supply and boosting trade to the 200,…

The Swedish-Iranian Chamber of Trade and Commerce is organizing the First Nordic Iranian Business Summit and Expo in Stockholm.

The summit is scheduled for November 20-21, 2017, and the…

When Iran and the West reached a deal in 2015 to finally resolve a dispute over Iran’s nuclear program and lift the crippling economic sanctions, Iran was off to a good start. But perhaps…

Two new iron ore processing plants are scheduled to come on stream in Sangan mineral zone in the next two months, says manager of Sangan Iron Ore Complex, Morteza Hashempour. The first is a 5-…