Economy

A new milestone in the banking overhaul plan is now visible following Vice-President E'shaq Jahangiri's acceptance of a reform proposal from the Association of Private Banks, Parsian Bank CEO…

The official rate of the US currency has not undergone any significant change for 20 successive days, ISNA reported on Sunday. Dollar’s official rate had experienced substantial growth, reaching…

The Tehran Chamber of Commerce, Industry and Mining at the weekend hosted senior bankers as well as the former governor of the Central Bank of Iran to discuss lingering problems plaguing the…

The Governor of the Central Bank of Iran has taken stock of the impact of the July nuclear agreement between Iran and the world powers on banking and financial affairs and outlook for the key…

The housing market is not expected to climb out of recession by the end of the current Iranian year (March 2016) but could see some improvement next year, said a senior official at the Ministry of…

The gap between liquidity and deposit growth has been widening in the year that ended on March 20, statistics released by the Central Bank of Iran indicate, banker.ir reported. Although during the…

The mining sector, if developed and promoted, can help the government in achieving the 8% economic growth rate envisioned in the sixth five-year development plan (2016-21), said head of Iran’s…

The decision by the US Federal Reserve last Thursday not to raise interest rates comes at an opportune moment for Iran, as the country prepares itself for a post-sanctions world in which it aims…

More than 124 million securities traded at Iran Fara Bourse on Sunday valued at over $204 million, as the main index IFX retreated about 2 points or 0.3% to close at 682.22.

Isfahan Steel…

Iran Mercantile Exchange’s industrial and mining trading floor witnessed the offering of 76,000 tons of I-beams priced at 14,600 rials per kg and 2,640 tons of rebars priced at 179,406 rials per…

Tehran Stock Exchange’s nosediving trend continued on Sunday to reach its lowest level over the past six months, shedding 701.50 points or 1.13% to end at 61,553.2.

Developers have broken ground on an estimated 400 modern shopping malls across Iran in recent years—65 of them in Tehran alone. Many of these malls boast multiple floors of retail space, enormous…

Trade and transportation potentials of Caspian Sea is still largely untapped, and it can become Iran’s second largest economic hub after the Persian Gulf, said the managing director of Khazar…

A high-level French economic and political delegation was due to arrive in Tehran on Sunday to lay the groundwork for the first business contracts between France and Iran since a landmark nuclear…

The first five months of the current Iranian year (started March 21) saw more than $280 million of exports by South Khorasan Province, registering a 7% rise compared to the corresponding period of…

The Trade Education Center affiliated to Iran’s Ministry of Industries, Mining and Trade organized a conference on trade with Russia in Moscow on Thursday with the aim of boosting commercial ties…

During a meeting between Ambassador of North Korea to Iran Kang Sam Hyun and managing director of Iranian Tobacco Company, Mohammad Hossein Barkhordar, in Tehran on Saturday, the two sides…

Tehran will host the 16th edition of Iran Telecom Fair 2015 in autumn.

While providing an opportunity for sharing the latest information related to the telecoms industry, the event aims to…

An Italian science delegation has arrived in Tehran to meet Iran's Minister of Science, Research and Technology Mohammad Farhadi this week during a three-day visit to Tehran.

A new report in a local technology website reports that Microsoft's Cortana digital personal assistant supports Persian-language translations.

The desktop version of the live personal…

A nanopaper sensor used in medical and clinical diagnosis systems has been produced by Iranian and Spanish researchers. Iranians Hamed Golmohammadi and Tina Naqdi from Shahid Chamran University of…

A financing framework has been developed by the Ministry of Economic Affairs and Finance prioritizing fields for foreign investment.  

Mohammad Khazaei, director of the Organization…

The CEO of Bank Keshavarzi (Agriculture Bank of Iran) said the specialized bank should mobilize all it has to help promote the government’s agro development agenda.

Bank Maskan, the main provider of housing loans, managed to achieve 96% of its forecast in attracting deposits for the first five months of current fiscal year (started March 2015). Mohammad…

The Central Bank of Iran has published its directives, regulations, and anti- money laundering guidelines issued during the last fiscal year (ended March 20). Every year the regulator puts…