Economy

The Supreme Labor Council agreed last week to determine the living wage and consider it as a base for setting the minimum wage next year.

The new Iranian year will begin on March 21, 2017…

Movie ticket prices will not rise in the new year (March 2017-18), said the head of Screening Guild Council, Homayoun Asadian. “Floating ticket prices will be piloted for screening some movies at…

Online food ordering industry in Iran has gone from strength to strength in recent years with the many baby boomers (those born during and after the revolution in 1979) falling in love with …

Uber has patched a bug in its code that allowed a researcher — and anyone else who might have discovered the problem — to hail Uber rides without paying for them.

The Communication Regulatory Authority (CRA) has issued a mandate requiring Internet service providers to offer 50% discount to subscribers using the new domestic national network.

Head of…

StepHelp.ir is an encyclopedia-like site that teaches people how to fix a wide range of home fixtures and electronics. The website offers manuals on “life tips”, like how to clean stains from a…

French Finance and Economy Minister Michel Sapin is in Tehran to discuss financial relations and economic cooperation between the two countries with top Iranian officials.

European banking sources have revealed that abundant funding projects and deals in Iran were thwarted during the past months by the Office of Foreign Assets Control because these operations…

President Hassan Rouhani’s Cabinet has redirected the two major banking bills aimed at reforming the Iranian banking system to the Central Bank of Iran, announced a member of the bank’s Fiqh…

State Bank of Pakistan Governor Ashraf Mahmood Wathra has said SBP and the Central Bank of Iran will sign an agreement soon that will allow Pakistani and Iranian exporters to settle their claims…

The Central Bank of Iran’s deputy governor for foreign exchange affairs has travelled to the capital city of Kazakhstan to boost banking relations between the two countries. Gholamali Kamyab met…

Iran's real-estate sector is in the doldrums, thanks largely to overcapacity in luxury housing and the wider economic downturn that ensued since the 2014 oil price crash threw the economy into a…

Tehran Stock Exchange’s main index lost 340.10 points or 0.44% to end trade on the first weekday at 77,135.1.

More than 1 billion shares valued at $47.8 million changed hands on Saturday.…

Tehran was host to the Ninth International Exhibition of Gold, Silver, Jewelry, Watch and Related Industries (Iran Gold Expo 2017, for short) last month.

World’s largest steel producing group of companies–ArcelorMittal–expanded its cooperation with Iran in 2016 by increasing steel product shipments to the country.

Forty-three Asian countries accounted for close to 93% of Iran’s non-oil exports during the 10 months to January 19, according to a report by Tehran Chamber of Commerce, Industries, Mines and…

Minister of Industries, Mining and Trade Mohammad Reza Nematzadeh said Iran exported 11.5 million tons of cement during the 11 months to Feb. 18.

The minister expects the figure to reach…

Government Spokesman Mohammad Baqer Nobakht said on Saturday that 4,853,386 people have been removed from the list of cash subsidies recipients as of January 20.

This comes as a report…

Close to 5 million tons of potatoes are produced in Iran every year, which meets domestic demand and a portion of which is exported, Iran’s Ministry of Agriculture announced.

The new railroad connecting Iran and Azerbaijan was tested late Friday after a train set off on a maiden journey from the city of Astara in the neighboring country. The train travelled 8…

Chairman of Iranian National Tax Administration Seyyed Kamel Taqavinejad believes scuttling the value added tax and replacing it with consumption tax, as proposed by Majlis Joint Commission…

With a bustling population of 80 million people and an estimated GDP of about $400 billion, Iran is an emerging market ripe for investment.

In an interview with Bloomberg, Dragica Grbavac,…

Electric cars developed at a knowledge-based firm affiliated to the Islamic Azad University, Qazvin Branch, will soon hit the roads according to the university dean.

Morteza Moosakhani,…

Russia’s UAZ auto company, which announced its entry into the Iranian market during the Tehran Auto Show in February, is to begin production in Iran in 2018, according to a company representative…

Mammut Khodro, an Iranian automotive firm, has received the first delivery of Volkswagen cars the company intends to import. The shipment consisted of several completely built units of Volkswagen…