Economy

Central Bank of Iran Chief described Iran on Thursday as a country with unique geopolitical stance and a young and well-educated workforce that can have great potentials for the world economy.

Two Iranian banks have expressed interest in investing in Indonesia, the Economy Minister Ali Tayyebnia said in Jakarta on Wednesday.

Iran has become a member of the International Apparel Federation, the president of IAF announced during a visit to Tehran.

Vice President for Science and Technology Sorena Sattari said Iran exported 70 kilograms of biotech drugs worth $150 million to Russia in the last Iranian year (March 2015-16).

“Imagine how…

Croatian President Kolinda Grabar-Kitarovic’s three-day visit to Tehran is bound to deepen not only Iran-Croatia ties but also Iran-EU relations, given Croatia’s EU status since 2013.

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The National Development Fund of Iran will allocate 40,000 billion rials (more than $1 billion at current market exchange rate) to boost production and exports in the current Iranian year (March…

Iranian stock markets diverged in Ordibehesht (the second month of the Iranian year started April 20) with the larger Tehran Stock Exchange falling while the smaller Iran Fara Bourse rallied.

For nearly 2,000 years, Iran has remained the world’s leading supplier of turquoise. The gemstone, which is naturally blue but turns green when heated, is found in the heart of the city of…

Poultry farming is considered a prosperous economic activity. However, rearing quails commercially has only recently come to the attention of producers and entrepreneurs.

The business is…

In his upcoming visit to Iran this week, Indian Prime Minister Narendra Modi is hoping to take New Delhi’s Ties with Tehran to a higher level.

The UAE and European Union’s trade with Iran could reach up to $59 billion by 2018 following the easing of economic sanctions imposed on Tehran.

New Zealand’s Foreign Minister Murray McCully will be in Tehran this weekend to step up relations with Iran. He is scheduled to meet with his Iranian counterpart Mohammad Javad Zarif who visited…

The port city of Chabahar, located in the southern Sistan-Baluchestan Province, hosted the first meeting of the Indian Ocean Rim Association on Thursday and Friday.  The event was attended by…

Samsung Electronics said it had struck a deal with Alibaba Group Holding for owners of its phones to be able to more easily make payments with Alipay accounts—a move it hopes will boost sales in…

A new website to book domestic flights has been launched with the express permission of Iran's related authorities.

Iran's largest mobile provider Mobile Communications Company of Iran (MCI or Hamrah-e-Avval) has announced it will be offering free WiFi to select sites around Jamkaran Mosque in the city of Qom…

InfoWatch, a company owned by Natalya Kasperskaya, the former wife of Russian cyber security guru, Evgeny Kaspersky, has developed a solution for monitoring employees’ mobile phone conversations…

A Pakistani-based online property group has purchased a local listings website, according to reports from Iran's eastern neighbor.

The Guardians Council finally approved the current fiscal year's (March 2016-17) budget on Wednesday, after it was returned twice to the parliament for revision.

David Lipton, first deputy managing director of the IMF issued a statement at the conclusion of his visit to Iran on Wednesday, thanking the Iranian authorities for the opportunity to visit the…

Various US officials, including secretary of state John Kerry, have attempted to reassure European banks on funding authorized Iranian trade.

However, without written confirmation from the…

Iran has entered a new era, people say. Sanctions have been lifted, after a decade-long dispute over Tehran’s nuclear program, paving the way for normalized relations with the world.

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The political landscape in Iran is changing and the easing of sanctions will bring a wealth of opportunities for both Iranian and international companies. This was announced by Metal Bulletin,…

Tehran Stock Exchange’s main index TEDPIX gained 120.40 points or 0.16% to close Wednesday trade at 76,413.3. Oil, steel and copper companies as well as banks were the main driving force behind…

Hygiene is a major concern for people and any investment in the sector can help forge a profitable enterprise.

The production of different kinds of gloves, the use of which is on the…