Economy

The International Monetary Fund has forecasted bright prospects for Iranian economy for 2016-17, as economic sanctions against the country are expected to be lifted.

A prominent economist has warned against rent-seeking that the recent credit card scheme may lead to, banker.ir website reported.

Central Bank of Iran has obliged the banks to pay POS terminals’ transaction fees, scrapping an earlier proposal to charge businesses and terminal owners for POS transactions, CBI’s website…

First Vice President Es’haq Jahangiri opened the 17th Marine Industries Conference and Exhibition in Kish on Tuesday. The conference, which aims to introduce the capabilities and latest…

Trade between Iran and Austria has grown 20% in 2015 compared to the previous year and is estimated to increase by the same rate next year, says Austria’s commercial attaché to Iran, Thomas…

Iran’s economy will grow between 5-6% in the next fiscal year (starting March 20, 2016), while inflation will drop below 11%, said the government spokesperson in a press conference on Tuesday.…

Azerbaijan Republic is weighing the facilitation of visa issuance for Iranians, said the Azeri minister of economic development.

Shahin Mustafayev made the statement on the first day of the…

Iran Mercantile Exchange witnessed the supply of 43,882 tons of polymers, 38,100 tons of bitumen, 15,000 tons of vacuum bottoms and 8,000 tons of heavy lube cut on the oil and petrochemical…

Tehran Stock Exchange’s main index TEDPIX plummeted 104.30 points or 0.17% to close Tuesday trade at 61,414.2.

More than 335 million shares changed hands valued at $19.1 million with daily…

An Iranian researcher in Karolinska Medical University, Saeed Eshtad, has developed an anti-cancer drug whose first clinical test would be conducted in England next year. “The MTH1 project is an…

The year 2016 is likely to herald a new age in how we interact with technology.

With that in mind, Financial Tribune focuses on six technologies that are expected to make their mark in the…

The government has set the US dollar exchange rate at 29,997 rials in the 2016-17 proposed budget, slightly higher than this year's 29,850 rials.

An informed source told IRNA that the…

Easing of sanctions expected early next year plus transparency can and should pave the way for the much-needed economic revitalization, said Morteza Bank, a senior official in President Hassan…

The Iranian SHAPARAK payment and settlement network was selected as the best state-run electronic trade scheme at the general meeting of the Asia- Pacific Council for Trade Facilitation and…

For Iranians it is pretty normal to see a difference in inflation rates declared by the Statistical Center of Iran and the one announced by Central Bank of Iran.

Tehran Stock Exchange’s main index TEDPIX inched up 17.00 points or 0.03% on Monday to settle at 61,518.5.

Close to 380 million shares valued at $62.6 million were transacted, filing a…

Isfahan Steel Company–Iran’s biggest producer of structural steel–produced 1.4 million tons of steel during eight months ending November 21. According to the report by Bourse Press, the steelmaker…

Sanctions relief is closer than ever and not surprisingly, Iranians are eagerly waiting for the economic climate to change for the better.

Pundits, however, take a pragmatic approach and…

Iran Mercantile Exchange’s industrial and mining trading board witnessed the supply of 30,000 tons of bloom ingots by Khuzestan Steel Company at the base price of $0.3 per kg on Monday.

Italy’s SACE, an export credit agency, is set to provide a €3.5 billion loan to Iranian tiles and ceramic producers after the lifting of sanctions imposed on Iran over its nuclear energy program,…

The Fifth International Exhibition of Office Furniture will be held on December 23-26 at Tehran’s International Fairground, Mehr News Agency quoted the head of Iran Furniture Manufacturers and…

Livestock imports have been banned, says the head of Iran Veterinary Organization, Mehdi Khalaj. “We have never issued any permit for importing livestock from any country. The only permits issued…

Many analysts are shedding light on the greater geopolitical implications of Iran's nuclear deal with P5+1 (the five permanent UN Security Council members plus Germany), the lifting of sanctions…

The need for 8% economic growth is as great for Iran as the rift between it and attaining such growth, a study by the Presidential Office shows.

A country’s situation could not be more…

The annual production of 140,000 tons of trout has made Iran the world’s biggest producer of this freshwater fish, says an official with Iran Fisheries Organization, Mohammad Afrasiabi.