Economy

The rial fell for a second consecutive day against all major currencies and gold on Tuesday.

The US dollar edged up by 0.06 percent to 32,620 rials by 12:30 GMT. The greenback had advanced…

Officials from a major steel company based in northwestern China currently visiting Anzali Free Trade Zone have expressed their readiness to invest in the site, the public relations of AFTZO said…

Iran, occupying the body of land between the Caspian Sea and the Persian Gulf, connects the lands of the East and the West.

In ancient times, the intercontinental transport of luxury…

The governor of the central bank anticipated that the currency market will experience relative calm once Iran receives the first $700 million installment of its frozen assets, as part of the 7-…

Iran tops the new Islamic banking list, according to a new report. Iranian banks hold the lion’s share of Sharia-compliant assets - forty percent or $800 billion of the total two trillion dollars…

Trade between Iran and Azerbaijan hovers at around $500 million a year, a level that could increase if bilateral ties are expanded, said Ali Rabiee, the minister of cooperatives, labor and social…

The European Union has extended a freeze on certain sanctions against Iran after negotiations over the country's nuclear energy program were prolonged by seven months, a press release by the…

Iran is among the top three most prospective broadband Internet markets, based on fixed and mobile broadband growth since 2008 and size of the Internet user base, a new report said.

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International collaboration is the key to success for the auto industry. With this in mind, Iranian car makers encourage foreign partners to become actively engaged in Iran’s car industry, a…

The government is set to increase the costs of smuggling for smugglers in a series of efforts to combat the ever-growing rate of smuggling in the country, Habibollah Haghoghi, the head of the…

Considering the large number of civil engineers seeking employment, the government plans to look for major construction projects in other countries and ways to send Iranian engineers abroad, Akbar…

The inflation rate for the eighth month of the Iranian calendar, Aban, which ended on November 21, dropped 1.3 percentage point, to reach 17.8 percent from 19.1 percent in the previous month,…

The Islamic Development Bank (IDB) has allocated $248.5 million for the development of Iran’s rural wastewater networks, said Ali Asghar Ghane, the deputy manager of the National Water and…

More than 50,000 metric tons of aluminum ingots were exported by Almahdi Hormozgan Aluminum Company during the first eight months of the Iranian calendar year (March 21-November 21), reported…

Croatia has expressed interest to fulfill its energy needs through cooperation with Iran’s energy exchange, a member of the central securities depository of Iran (CDS) told Securities and Exchange…

Around 232,000 metric tons of polymers, metals and agricultural commodities were traded on Tuesday at the Iran Mercantile Exchange (IME), IME’s PR and international affairs office reported.

Following the unprecedented stagnation in the domestic steel market during the past year, which put many steel manufacturing plants on the verge of closing, several major steelmakers now have…

After Iran and the P5+1 group of six world powers decided to extend their nuclear talks for another seven months hours before the self-imposed deadline of November 24, most of the skeptical…

The Middle East’s largest carmaker, Iran Khodro (IKCO), said it annually exports 20,000 automobiles to Iraq, IRIB News reported. Gholamreza Mehdizadeh, IKCO’s director of exports to Middle East…

Several lawmakers have recently called on the Rouhani administration to include the 3rd phase of the subsidy reform plan in next year’s budget bill. Analysts, however, believe that a number of…

Under the recent agreement between the Securities and Exchange Organization and the Iranian National Tax Administration, the SEO submitted to INTA the names of 84 listed companies at the Tehran…

Two Iranian banks have begun to finance a number of projects from the resources provided by Chinese funds, the head of Iran-China Joint Chamber of Commerce told Tasnim news agency on Monday.

The rial fell against all major currencies on Monday.  The US dollar gained the most versus the rial, advancing by 0.49 percent to 32,610 rials by 14:30 GMT. The euro and the sterling also…

More than 610,000 cars were manufactured during the first half of the current year, recording an increase of nearly 72 percent in comparison with the same period last year, Javad Taghavi Sabzevari…

Mobile phone use in Iran has long been an area of interest for the world’s mobile phone manufacturers and for tech industry experts alike. The country has one of the most tech savvy populations…