Economy

Bahar Azadi gold coin sold for 11.8 million rials ($284.3) on Tuesday, up by 2.6% at 300,000 rials from the previous day.

The US dollar’s exchange rate also climbed 500 rials, reaching 41,…

The Majlis Economic Commission is to hold a meeting with Economy Minister Ali Tayyebnia and Central Bank of Iran Governor Valiollah Seif to discuss the recent upheavals in the Iranian forex market…

Bank Melli Iran, the state-owned giant lender, has issued 3,100 payment orders in foreign currencies worth over $1 billion, said the bank’s CEO. BMI has recorded a 270% growth in the total number…

Many illegal bureaux de change have been identified and a number of them have been fined heavily, said the director general for banking regulations, licensing and anti-money laundering at the…

About 20 tons of agricultural products were exported to Russia from Jiroft County in the southeastern Kerman Province, an official with Kerman Customs Bureau said.

“This is the first…

For many women in Khorasan Razavi Province, the onset of fall only means one thing: saffron harvest time.

With over 9,700 hectares under saffron cultivation, some 80% of Iran’s saffron are…

Iran’s Communications and Information Technology Minister Mahmoud Vaezi, who is on a visit to Azerbaijan, has called on entrepreneurs from his country and the neighboring Azerbaijan to make joint…

Some 40% of the workforce in the public sector are either in excess or incompetent, according to presidential advisor, Mohammad Ali Najafi.

“This lowers productivity. The nepotistic hiring…

Iran exported 9.3 million tons of non-oil goods worth $3.4 billion to Turkey during the eight months to November 20, registering a threefold hike in value compared with last year’s corresponding…

Tehran Stock Exchange’s main index lost 165.70 points or 0.21% to end Tuesday trade at 79,800.8.

More than 650 million shares valued at $28.2 million changed hands for the day.

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Iran Aluminum Company has recently removed 72 environmentally hazardous aluminum smelting pots from one of its production lines, bringing the total number of pots removed from the line to 148,…

Iran Mercantile Exchange is listing wheat for exports for the first time today.

A total of 20,000 tons of durum wheat are up for sale as of Wednesday, IRNA reported.

In the outgoing year, marked by the removal of international sanctions, the export of steel products from Iran gained momentum and turned the country from a net steel importer into a net exporter…

Iran Fara Bourse over-the-market exchange debuted a platform for trading the shares of small- and medium-sized enterprises on Monday.

The move is expected to give a shot in the arm to…

Soroush, the locally-made call and messaging application owned by the state-run broadcasting company, the Islamic Republic of Iran Broadcasting (IRIB), released earlier this summer, does not seem…

Mashhad’s Academic Center for Education, Culture and Research (ACECR) is to host Iran’s Third International Stem Cell Conference, April 19-21, 2017.

Iranian researchers have built a microwave power device and amplifier for radars and communication systems. Ali Agha Rasouli, a student at Iran University of Science and Technology, told Mehr News…

Scientists at Stanford University and the US Department of Energy’s SLAC National Accelerator Laboratory have discovered a way to use diamondoids - the smallest possible bits of diamond - to…

The Tehran-based media corporation Donya-e-Eqtesad launched a stock market information service called Donya-e-Bourseon Sunday. Ali Reza Bakhtiari, owner and managing director of the media group,…

A large part of the Islamic Republic of Iran Shipping Lines’ fleet has regained protection-and-indemnity cover from Steamship Mutual.

More than 50 IRISL vessels have been entered in the…

Iran Center for E-Commerce Development, e-commerce industry’s top body, is set to regulate the operation of unofficial payment tools, referred to as aggregators, after profiling owners and their…

The brouhaha surrounding the condition of Iranian banks is valid, as the crisis has been brewing for a long time. Oddly, what has now unfolded due to years of regulatory neglect and mismanagement…

Bank Mellat, a leading Iranian privatized bank, has fully established corresponding relations with more than 100 lenders worldwide, said an official of the bank.

A total of 11,800 housing units were sold in Tehran during the month ending Dec. 20, marking a 5.9% drop in the number of home deals compared with the same period of last year. Home deals also…

Iran's economic growth during the first half of the current fiscal year (started March 20), excluding the oil sector, stood at 4.5%, the government spokesman and president of Planning and Budget…