Economy

Production of colza is estimated to reach 350,000 tons in the current Iranian year (March 2016-17) from more than 215,000 hectares under cultivation, according to deputy minister of agriculture,…

Iran exported more than 33,500 tons of non-oil goods worth $14.3 million to South Africa in the first four months of the current Iranian year (started March 20), registering a 70% hike in value…

Small- and medium-sized enterprises provide jobs for 40% of Iran’s working population, Minister of Industries, Mining and Trade Mohammad Reza Nematzadeh said.

His deputy, Ali Yazdani, said…

The lifting of nuclear-related sanctions on Iran earlier this year won’t have immediate benefits for business aviation, since air transport is being opened up first, speakers said at Aeropodium’s…

International law firm Clyde & Co’s recent survey of over 50 senior executives indicates that 40% of them believe the lifting of Iranian sanctions will have a greater impact on their…

Cypriot Health Minister George Pamborides is in Iran on an official visit at the invitation of his Iranian counterpart, Seyed Hassan Hashemi. Sigmalive also reported on Thursday that Pamborides is…

As part of the plan to modernize the banking system, the capital adequacy ratio of banks will be increased to 12% from the current 8%, said the CEO of Bank Tejarat.

Russian banks are welcome in Iran, where the Russia-Iran Chamber of Commerce is actively working on opening a joint bank, Bahram Amirahmadiyan of the Russia-Iran Friendship Society told Sputnik…

The Supreme National Security Council of Iran has come to a conclusion regarding Iran's future relationship with the Financial Action Task Force (FATF), said the council's secretary.

Telecommunications Company of Iran is to seal a mega-merger with Iran’s oldest mobile phone firm, Mobile Telecommunications Company of Iran (MCI), for creating Iran’s biggest…

Members of the National Center of Cyberspace discussed solutions for protecting children online.

Iran’s cyberspace is generally safe for children, considering many obscene websites are…

Sweden’s Minister of Housing and Digital Development Peter Eriksson expressed his country’s interest in having a more active presence in Iran’s information and communications technology market in…

The 17th International Exhibition of Telecommunications, known as “Iran Telecom 2016”, will be held at Tehran’s Permanent Fairground from Sept. 25-28. Many Iranian telecom firms from both the…

Despite hopes of a new dawn for Iran's economy after nuclear-related sanctions were lifted, major western banks are reluctant to do business with the country for fear of US retribution.

The average lending rate in the interbank market stood at 18.7% from March 20 to September 11, the Central Bank of Iran said Wednesday. “The interbank rate varied between 17–22% during the five…

Iran will remain the world’s biggest producer of pistachios during the 2016-17 crop year, as production in the United States is estimated to decline, which will drag down global production…

Iran exported more than 98,400 tons of non-oil commodities worth $34.1 million to Jordan during the first four months of the current Iranian year (started March 20), registering a 52% decline…

Deputy Minister of Roads and Urban Development Davoud Keshavarzian met with Bulgarian Minister of Transport, Information Technology and Communications Ivaylo Moskovski in Sofia to discuss a new…

Agricultural exports in the first five months of the current Iranian year (started March 20) stood at 2.08 million tons worth $1.94 billion, registering a 12% rise compared with the corresponding…

Iran exported some 300,000 tons of dairy products during the first five months of the current Iranian year (started March 20), said Deputy Agriculture Minister Hassan Rokni on Wednesday. “The…

The 15th edition of Iran’s International Confectionery Fair concludes in Tehran today after it opened on Tuesday.

The event attracted more than 360 Iranian and 85 foreign companies from…

The government started the three-day offering of Salaf contracts for wheat for the first time Wednesday on Iran Mercantile Exchange to finance its wheat purchase from farmers this year.

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Some 300 tons of contraband worth 120 billion rials ($3.3 million at market exchange rates) were destroyed in several provinces across the country on Wednesday. The illegally imported goods…

In response to criticism about the existence of 50 million problematic bank accounts, Governor of the Central Bank of Iran Valiollah Seif Seif said a total of 447 million accounts exist, 439…

A court last week gave the go-ahead for the import of cars with engines larger than 2.5 liters held up at the customs on the grounds that they had entered the country before the government had…