Economy

In a bid to promote non-oil exports, Trade Promotion Organization of Iran has proposed the allocation of 10,000 billion rials ($330.83 million at official exchange rate) as export incentives in…

Following the lifting of international banking sanctions against Tehran late last month, lenders have embarked on the difficult task of regaining public confidence in foreign currency accounts,…

Banks will probably lower interest rates before the fiscal year is out on March 19, following the recent reduction in interbank rates, the Central Bank of Iran vice-governor said late Saturday.

The Central Bank of Iran has sent a new set of balance sheet templates to the banks to improve their financial transparency and international operations, EghtesadNews reported.  The CBI’s…

Tehran Stock Exchange’s main index TEDPIX inched up 115.30 points or 0.15% to end Sunday trade at 76,709.5.

More than 1.7 billion shares valued at $114.8 million changed hands, recording a…

The technology for the production of catalysts used in direct reduction of iron ore has been successfully indigenized by Sarv Oil and Gas Industries Development Company. The catalyst was used in…

Iran is facing exceptional circumstances. A bold restructuring of its economy which, if done right, could help Iran stage a historic turnaround and grow rapidly.

Masoud Nili, the president’…

Iran’s rich deposits of zinc, copper, gold and other minerals are tempting international investors after the lifting of western sanctions, but development of the sector will take time and problems…

Motorcycles have long been a familiar sight in Iran, as they started roaring down its streets more than 60 years ago.

Hence, motorcycle and its parts have been produced domestically since a…

An Iranian professor has been elected member of the National Academy of Engineering at the Illinois Institute of Engineering. The prestigious recognition is considered one of the highest honors…

Iran's first international conference on new research achievements in mechanic, mechatronic and biomechanical engineering will be held in Tehran this summer, according to the organizers of the…

A 10-minute saliva test for cancer that scientists claim could revolutionize diagnosis has been unveiled in the United States.

The $22 "liquid biopsy" test looks for fragments of genetic…

Iran's favorite messaging app, Telegram, has got a big update, according to a new press release by the company.

Telegram released an update on iOS and Android that brings with it several…

A new website to promote art exhibitions has been launched in the Persian language. Artgalleries.ir profiles information on upcoming art events, artists behind the works and the medium used. The…

Tehran Stock Exchange’s main index TEDPIX plummeted 903.70 points or 1.17%-the biggest plunge in five months–to settle Saturday trade at 76,594.2. The benchmark broke above the 78,000 mark on…

The stability of the US dollar’s exchange rate against the rial is due to the growth of non-oil exports, which have provided an alternative source of foreign exchange for Iran’s economy, says…

Iran’s historic nuclear deal and the lifting of sanctions should bring the country back into the global community.

Oliver Bell, portfolio manager for T. Rowe Price’s Global Frontier Markets…

Bahar Azadi gold coin sold for a record 10.030 million rials ($332) on Saturday, a 3.08% increase, compared with the previous day’s close.

According to the Statistical Center of Iran, the average price of land or residential buildings in the first half of the current fiscal year (March 21-November 21) was 11.7 million rials ($389)…

Banks are the arteries of the economic system and highways for financial, monetary and economic links to the outside world, President Hassan Rouhani   said on Saturday.

Bank Ayandeh has launched a so-called “idea bank” system to help enhance cooperation with its customers and promote value added services. According to banker.ir, the service allows customers to…

The Central Insurance company of Iran and two UK insurance firms, held a joint training event on recent trends and innovations in engineering and construction insurance. Tom Wylie, head of…

Kish Airlines, which operates in Iran’s southern tourist hub and free trade zone of Kish Island, has signed a contract with French planemaker Airbus to buy two A321 passenger planes, which will be…

Russian rolling stock and defense group Uralvagonzavod has completed a Type 12-581-01 open wagon custom-designed for export to Iran by its Ural Design Bureau of Wagon Construction. This has been…

Iran and Norway have signed a memorandum of understanding on cage fish farming off Iran’s southern Qeshm Island. The chairman of the board of director of Rivas Company–the Iranian private sector…