Economy

Mobinnet data center and TD-LTE Internet network was inaugurated in Tehran on January 29. 

Mobinnet is a semiprivate Iranian Internet service provider which also offers WiMAX broadband…

Sales and marketing departments of insurance companies have been unusually busy in recent days, as more people are referring to insurers to insure their properties against fire.

More than a year into the implementation of Iran’s nuclear accord and the lifting of international sanctions, the country is looking to expand its business ties with Italy after a number of…

The rial was quoted at 38,210 to the US dollar on Monday, gaining 0.79% against the greenback compared with Sunday’s close, according to Tehran Gold and Jewelry Union’s website. The average…

As part of a new presidential directive approved by the Cabinet, the Planning and Budget Organization of Iran has been permitted to clear a portion of the government's debts to the banking system…

The governor of the Central Bank of Iran has sent a letter to CEOs of all state-owned and private banks, notifying them of new regulations concerning foreign travel ban on bank debtors.

Sungun Copper Mine exported over $317 million worth of copper products during the nine months to December 21, accounting for about 19% of East Azarbaijan Province’s non-oil exports during the…

Of the 160-170 iron ore mines in Iran, only 20 are currently operational, a member of Tehran Chamber of Commerce, Industries, Mines and Agriculture said. This indicates an 80% decline in the…

The bill approved by lawmakers making women eligible for receiving pension after 20 years of work, regardless of age, will impose expenses close to 50 trillion rials (approximately $1.3 billion)…

About 1,120 tons of farmed shrimp have been produced in Iran’s northern Golestan Province since the beginning of the current Iranian year (March 20, 2016), more than 580 tons of which have been…

More than 23.8 trillion rials ($624 million) worth of local and foreign investments have been made in Anzali Free Trade and Industrial Zone in northern Iran during the 10 months to January 19, the…

Trade Promotion Organization of Iran introduced top Iranian brands for the current Iranian year (ending March 20, 2017) in a ceremony on Sunday.

Eighteen brands were chosen from among 280…

About $200 million worth of agricultural and dairy products are exported from Isfahan Province in central Iran every year, the deputy head of Isfahan Agricultural Jihad Organization said.

Governments must honor their contracts, even those made under previous administrations, says Iranian professor of economics at Virginia Tech, Djavad Salehi-Isfahani. 

Toyota has relinquished the title of the world’s biggest automaker, reporting that it sold 10.175 million vehicles worldwide in 2016, fewer than Volkswagen’s 10.31 million.

General Motors…

Volkswagen is developing a fresh design language for a new generation of purpose-built electric vehicles.

Klaus Bischoff, VW brand’s head of design, said battery packs make it possible to…

Industry Minister Mohmmad Reza Nematzadeh says vehicles will be produced with Euro 5 emissions standards from April. 

Nematzadeh told a conference that industries that fail to keep…

The share of Iran's automotive sector in overall gross domestic product is expected to reach at least 4% by 2025. 

This is forecast as part of the goals and policies for developing the…

Iran’s National Tax Administration has issued a directive based on which legal entities and individuals can receive higher amounts of bank credits without having to first clear their tax debts.…

Bank Melli Iran on Saturday installed a forex ATM machine in Imam Khomeini International Airport in south Tehran. The machine provides travelers with foreign exchange after scanning their passport…

The government has approved divesting 14% of its shares in Amin Re by the end of the current Iranian year (March 20), announced Amin Re’s chief executive.

Mostafa Kiaei also told a press…

Iran will stop using the US dollar as its currency of choice in its financial and foreign exchange reports from the new fiscal year that begins in March, announced the governor of the Central Bank…

As many as 11,232 small- and medium-sized enterprises have received an aggregate of 79 trillion rials ($1.97 billion) in loans during the 10 months to January 19, 2017, according to the chairman…

India’s trade with Iran is yet to be fully normalized even a year after the lifting of international sanctions on Tehran.

Two-thirds of the paper needed in the Iranian market come from foreign countries, therefore it is not logical to raise import tariffs, says Gholamreza Kateb, a member of Majlis Culture Commission…