MTN-Irancell, Iran’s second largest mobile telecoms company by number of subscribers, has announced it won three golden trophies at the seventh Iranian Technology Stars Festival.
Innovation…
Economy
Economy
The online retail development environment in Iran has been improving over the recent years, according to Reportbuyer, a leading industry intelligence solution company that provides all market…
Economy
Amazon CEO Jeff Bezos has had the upper hand for sales of online goods for the better part of a decade now in the US, and with their bonus services like Amazon Prime and Amazon Air, the company is…
Economy
Mizan credit institution has been merged with Bank Saderat, according to Hamid Tehranfar, deputy governor for supervision in the central Bank of Iran (CBI).
Economy
Benchmark bullion coin, Azadi, halted its advance on Wednesday, while its sister Emami fell in line with gold edging down in the international arena. Azadi remained unchanged at 9,300,000 rials by…
Economy
The US dollar rose for the third consecutive day on Wednesday, carrying momentum from unsettling remarks from diplomats involved in the nuclear talks between Iran and the six world majors. The…
Economy
According to the Supreme Audit Court, the country’s two major iron ore mines, Golgohar and Chadormalu, owe 34.85 trillion rials to the government in accumulated debt over the years as mine royalty…
Economy
About 50,000 tons of iron ore, priced $17 per ton, was offered by Sangan Iron Ore Complex in Iran Mercantile Exchange (IME)’s the export trading floor on Wednesday.
According to IME public…
Economy
The Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) recently initiated a national project to explore the potential rare earth element (REE) reserves and…
Economy
Stocks staged a broad rally at the Tehran Stock Exchange (TSE) at Wednesday’s close to compensate part of the huge losses incurred in the prior trading day, with the recently returned refining…
Economy
The Food and Agriculture Organization of the United Nations (FAO) has announced its preparedness to help Iran organize its data on agricultural land through a cadastral system, IRNA reported.
Economy
The Islamic Republic of Iran Shipping Lines (IRISL Group) transported 33 million tons of cargo in the outgoing Iranian year (to end March 20), registering a record high…
Economy
Tehran will face an exacerbated water crisis unless immediate reforms are implemented, the governor of Tehran province told news outlets recently.
An extraordinarily dry winter combined…
Economy
The CEO of Azarnoosh company—a producer of raw materials and additives for the food industry— discussed the advantages of investing in the Iranian food industry, as well as the problems this…
Economy
The production of tile and ceramics reached 340 million square meters over the past 11 months of the current Iranian year (to end March 20), growing by 25 percent compared with the similar period…
Economy
Excessive imports have hurt the domestic agriculture sector, forcing many farmers to stop production, head of Iran’s Agriculture Trade Union, Mousa Rahnamayee told Mehr news agency on Wednesday.…
Economy
The Iranian National Tax Administration (INTA) on Wednesday announced the rate of value-added tax (VAT) in the upcoming Iranian year (starting March 21) at 9 percent, including 6 percent towards…
Economy
An Iranian bank registered in Russia has been announced as a new financial transit route for transactions between Iran and foreign countries, ISNA reported on Tuesday.
Mir Business Bank was…
Economy
The new loans provided by commercial banks in the 11 months to February 19 exceeded 2.91 quadrillion rials ($104 billion at official exchange rate), new data shows.
Economy
Foreign currencies extended their rally against the rial on Tuesday, ushered on by unsettling comments from diplomats engaged in the nuclear talks.
The rial retreated in the face of all…
Economy
The Central bank governor outlined his bank’s strategy and targets for the upcoming year (starting March 21).
Valliolah Seif told the press on Wednesday that his bank will continue its “…
Economy
In the upcoming year, a special list will be created of receivers of the point-of-sales (POS) terminals from commercial banks in a bid to identify who “lose” their devices, said Hamed Mansouri,…
Economy
The Money and Credit Council announced a uniform contract for all interest-free loans provided by Iranian banks across the country. The new form of contract will be used as of next year, the…
Economy
Iran Mercantile Exchange (IME)’s agricultural trading floor featured 2,500 tons of rice, 1,000 tons of chickpea, and 900 tons of corn offered by local suppliers on Tuesday trading. According to…
Economy
Iran is planning to implement projects aimed at mapping and exploring deep-sea mineral deposits in international waters, deputy head of the Geological Survey of Iran (GSI), Behrouz Borna announced…
Economy
