Economy

The Iran National Laser Center has given domestic knowledge based companies permits to mass produce over 40 laser systems, Hassan Nabavi, head of the center, told IRNA on Monday.

Iran's computer hardware industry in recent years has been an industry of "black and grey market" imports, Masound Riazat, the head of the Iran ISP Association admitted. Riazat added that the…

The Rouhani administration will launch the third phase of "smart internet filtering" throughout the first quarter of the new Iranian year (started March 21), Mahmoud Vaezi, minister of…

Demand for Samsung's new Galaxy S6 Edge will outstrip supply due to low production numbers of the phones display the company's top executive, JK Shin, announced on Friday, Reuters reported.

The cooperative sector has created more than 1.5 million job opportunities across the country, the deputy minister of cooperatives, labor and social welfare, Hamid Kalantari, said on Thursday. “…

The National Development Fund of Iran (NDFI) board of trustees approved a $32.7 billion fund to be invested towards development of infrastructure projects in eight key sectors, IRNA reported.

Iran’s international Marine Exposition will open on June 6 in Imam Khomeini Grand Musalla in Tehran, IRNA reported.

Iran’s chicken exports to countries in the region will increase to 100,000 tons in the current Iranian calendar year (started march 21); however, the volume that was registered a year before stood…

Based on new import regulations for the current year (started March 21), all industrial commodities are allowed to be imported, senior official at Iran’s Trade Promotion Organization (TPO), Abbas…

Agricultural is a primary sector of the economy and a major source of employment, government revenue, foreign capital and food. Development of a productive agricultural sector is necessary for…

 The European Union re-imposed sanctions on an Iranian bank and 32 Iranian shipping companies on Wednesday, using new legal grounds, after the measures were struck down by a European court.…

In a recent meeting of the Money and Credit Council (MCC) held Tuesday afternoon, the framework for overseas banking regulations was decided by the council members. Further details will be decided…

The very first step to reform banking system is transparency in operations, said Lotf-Ali Bakhshi, an economic expert.

Although the banking network plays a key role in the development and…

Management of the currency market should be changed if the government wants to make efficient use of forex inflows, Yahya Ale Es’haq, head of the Tehran Chamber of Commerce, said on Wednesday.

Over the last Iranian year which ended on March 21, the rial weakened by 6% against the dollar to hit 35,000 rials in the ending months, though it settled at about 33,000 rials in the last days of…

The Central Bank of Iran (CBI) has put off formulating an exclusive set of monetary and banking regulations for free trade zones, an issue which has raised problems in the regions, according to…

Bank Pasargad has been included in the list of top 500 world banks published by The Banker. According to an assessment done of banks’ financial reports for the year 2014, The Banker has listed the…

Deputy head of Geological Survey of Iran (GSI) for exploration affairs, Behrouz Borna said on Tuesday that three percent of the world’s mineral resources are found in Iran, which are estimated at…

Despite previous announcement by authorities that the import tariff on steel sheets with thickness under 3 millimeters would not be increased, the tariffs were raised from 4% to 15%, causing…

The Tehran Stock Exchange (TSE) sentiment was boosted, after the TEDPIX was lifted at Wednesday close by huge listed companies that are more likely to yield the highest dividends once sanctions on…

The Iran Mercantile Exchange (IME) recorded the offering of more than 96,000 tons of commodities, worth more than $46 million, at the spot market on Wednesday trading, IME’s public relations…

BMW, the German automaker, and Amazon Japan have announced their new offer of selling BMW electric i3 online. Following Tesla's direct sales online model, the Bavarian headquartered car company…

American carmakers seem to be keen on exporting cars and auto parts to Iran as Tehran and world powers hammer out the final touches to a nuclear deal, which is expected to put an end to economic…

Nissan has announced it is introducing a hybrid version of the X-Trail crossover in Japan which will go on sale on May 13, World Car Fans reported. It looks the same as the regular model but comes…

Daimler and its Franco-Japanese partners in the Renault-Nissan Alliance have confirmed that development of the coming Mercedes-Benz pickup will be a joint project between the two…