Economy

In the not too distant future, MCI – Iran’s main mobile network operator – has a massive problem on the horizon which it so far appears to be brushing under the carpet. This problem which has been…

The world is moving fast towards tech-based services, banking included. Tech is changing the dynamics of financial services and Iran's shift to electronic banking is incomplete, as its banking…

A long-awaited bylaw seeking to boost supervision over the establishment and management of private credit institutions was approved after a six year delay.

The government on Saturday…

The 6th International Exhibition of Wood Industries will kick off at Tehran’s permanent fairground on February 1, IRNA reported. The organizers say at least 110 companies will showcase their…

The 5th Iranian Steel Market Conference (ISMC 2015) has opened in Tehran today. Participants include top officials from Iran's industrial circle, major domestic steel manufactures as well as three…

The benchmark slightly edged up at Monday’s close to overcome a shaky start, following two trading days that saw stocks wax and wane.

The TSE mid-day recovery was mostly contributed by the…

The Filipino ambassador to Iran has expressed his country’s willingness to set up steel and ferrochrome factories near the southern port city of Bandar Abbas, IRNA quoted the Iranian Mines and…

Algeria and Iran signed a memorandum of understanding (MoU) on Monday to give fresh impetus to bilateral cooperation in the public works.

The fourth D-8 ministerial meeting began in Tehran yesterday with the aim of consolidating and strengthening cooperation in terms of industry and small & medium enterprises (SMEs) among the…

The monthly Consumer Price Index (CPI) for the month ending Jan. 20 hit its lowest level in 42 months, Alireza Moghtadaiee, the head of economic statistics office of the Central Bank of Iran (CBI…

Bilateral trade with Iraq has decreased by nearly 8% this year compared with last year, Jahanbakhsh Sanjabi Shirazi, the secretary general of Iran-Iraq joint chamber of commerce said on Monday,…

A business delegation from Singapore is due to pay a visit to Iran in the coming week to scope out trade opportunities in Iran, IRNA reported on Monday.

Women’s participation in the economy is one fifth of men’s, Abol-Hassan Firoozababdi, the deputy minister of labor and social affairs said in a conference on Monday. As IRNA quoted the official,…

Eighty-five percent of the cell-phones in the domestic market are smuggled into the country, Abdolmajid Ejtehadi, head of the Headquarters for Combating Smuggling of Goods and Foreign Exchange…

Tehran and Ankara are working on a plan to use their national currencies in their trade exchanges, Iranian Ambassador to Turkey Alireza Bigdeli said on Sunday.

Thirty percent of machine-made carpets are exported to countries like China, Canada, and Afghanistan, Mohammad Hadi Kamalian, the head of carpet exporters union said in a news conference on Monday…

The industrial and mining sectors in Iran registered a 6% growth in the first half of the current Iranian year, after having recorded negative growth for two consecutive years, according to the…

The Iranian Hafiz Darya Shipping Company (HDS Lines) has been listed as the world’s 23rd largest shipping company in the latest report published by a leading Europe-based research organization…

The Iran Mercantile Exchange (IME)’s secondary market played host to 60,000 metric tons of used oil, 167 tons of scrap armatures, and 4 tons of barrels, which were offered by Islamic Republic of…

Tehran Stock Exchange (TSE) appeared to be rebounding with a steady early morning rally on Sunday; however, some of the gains were capped as the benchmark retreated at the end of trading hours.…

More than 400 companies from Iran and 18 other countries, especially from Europe, will attend the 13th International Exhibition of Accessories, Furniture’s Machinery and Equipment, and Related…

Head of Iran’s Judicial System has agreed to the establishment of a prosecutor’s office that would only attend to financial and monetary cases in Tehran, Banker reported, citing Abbas Jafari…

The Rouhani administration has paid in cash parts of the debt of the previous administration to lenders. Payment in cash is unprecedented as governments usually pay their debt by transferring…

M utual funds will be exempt from all taxes and duties from March 21, the parliament decided, as a means to boost the investment industry.

The bill which was ratified by the parliament is…

The number of bounced checks has been increasing in recent months and at the end of the first nine months (December, 21, 2014) more than 4.5 million checks reportedly bounced, showing a 20.4…