Economy

A senior member of Tehran’s Chamber of Commerce has warned that the entry of commercial banks into non-banking business activities has backfired, causing lenders to become vulnerable to stagnation…

The rial fell 5% against the Central Bank of Iran’s basket of currencies during the fiscal year ending March 2015, showing that the rial’s value has relatively stabilized, said the deputy governor…

A Bank Maskan (Housing Bank) official has raised the possibility of alterations to terms and conditions of mortgages included in the housing stimulus package recently presented by the Central Bank…

The value of pharmaceutical market in Iran, which was $2.35 billion in 2014, is forecast to increase to $3.31 billion by 2024, according to Business Monitor International’s report on the Iranian…

In a meeting between the head of the Agricultural Jihad Ministry’s department for international affairs Houman Fathi, and the Charge d’affaires of the Embassy of Sweden in Iran Per Linnér last…

Statistics by the Islamic Republic of Iran Customs Administrations show that Iran exported about $3 million worth of chewing gum to 10 countries during the first four months of the current Iranian…

Concerns are mounting over the possible flood of imports once the sanctions against Iran are lifted as part of the nuclear agreement reached in July with the P5+1 countries.

Chief executive of Bavaria’s Business and Industries Association, Bertram Brossardt, said his country aims to restore economic ties with Iran, particularly with Isfahan Province.

The 8th meeting of Iran-Austria joint commission on economic cooperation is due to be held in Tehran on September 7-9, coinciding with Austrian President Heinz Fischer’s visit to Iran.

Head of Iran’s Chamber of Commerce, Industries, Mine and Agriculture, Mohseln Jalalpour believes the government should take measures to correct the previous mistakes in implementing the process of…

As reports on the Joint Comprehensive Plan of Action agreement between Iran and P5+1—the United States, the United Kingdom, France, Russia, China and Germany—began to trickle out from Vienna on 14…

National Iranian Copper Industries Company offered various types of copper at Iran Mercantile Exchange’s spot market on Sunday trading.

Tehran Stock Exchange is grappling with irregular downbeat performance of listed companies, with the overall index extending its losing streak to a sixth consecutive trading day registering a 1.83…

The age of shopping malls in Iran does not go beyond 15 years. Normally metropolises such as Tehran, Mashhad, Tabriz, Shiraz and Isfahan should be the first options for shopping mall developers,…

Iran Fara Bourse’s overall index edged down 0.47 points or 0.06% to close at 773.1 on Sunday’s close. As IFB reported, more than 173 million securities traded in 11,541 transactions valued at $29.…

Shatel, Iran's largest private broadband Internet provider, has expanded Internet services in northwest Iran. Residents of Sareyn in Ardabil province that have phone numbers starting with the…

The International University of Chabahar has dispatched a team to attend the International Aerial Robotics Competition in China. The IARC is the longest running collegiate aerial robotics…

Iranian scientists have designed a linear accelerator for treating cancer tumors. Farid Nejatbakhsh, the director of the medical linear accelerator, said the project, which was started two years…

Iranian researchers have developed a new program that helps doctors monitor patients’ vital signs wirelessly.

This is the first such indigenous system, which and could be expanded into…

A robotic festival for children and young adults concluded on Saturday in Khoy, West Azarbaijan Province.

"During the event, students set out to design and build robots in the northwestern…

The Second Invention Festival opened in Tehran on Sunday. The event, which will continue until Tuesday August 18, is underway at Tehran's Milad Tower.  

"The main goal of the event is…

Iran's new representative at the World Bank outlined the country's policies concerning its relations with international financial institutions.

The oil exporter will seek to reconnect with…

Indian officials are working with their Iranian counterparts to hash out the details of repaying India’s debt to Iran, accumulated due to financial sanction against Iran.

The Central Bank…

An amended tax law has made it mandatory for uncertified credit institutions to levy taxes on their deposits.

Hossein Vakili, deputy for direct taxes at the Iranian National Tax…

The economic and investment deputy of Qeshm Free Trade Zone Organization has defended the plan that seeks to pave the way for foreign banks to open branches in Iran’s free trade zones, saying the…