Economy

Hand-woven carpet exports to the US will increase considerably after the lifting of sanctions, said the Head of Iran National Carpet Center. “Hand-woven carpet manufacturers must observe the…

In the post-sanctions era Iran will pick and choose its trade partners rather than being chosen by others (under the sanctions regime), First Vice President Es’haq Jahangiri said Tuesday.

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The German economic and trade delegation headed by the country’s Vice Chancellor and Minister of Economy and Energy Sigmar Gabriel traveled to Isfahan and met with the governor of the central…

The import tariffs on South Korean home appliances have increased from 40% to 80%, said deputy minister of industries, mining and trade Valliolah Afkhami Rad.

Iran will soon be open for business. That means more oil going out, but also everything from airplanes to cars going in, with Asian manufacturers set to be among the biggest winners.

The cooperative sector’s share in the national economy is expected to reach at least 15% in the sixth five-year economic development plan (2016-2021), said the general director of the Promotion,…

The scramble of foreign banks to gain a spot in the post-sanctions Iranian market is picking up steam. Just after it was reported that Indian public-sector banks are whetting their appetite to…

Recession has hit hard the real-estate market for two years now, pushing the government to end a seven-year ban on offering mortgages by commercial banks in May, allowing them to resume their…

Iran and Germany are planning to hold a joint banking meeting for the first time in September, said Governor of the Central Bank of Iran Valiollah Seif on Tuesday. The summit, which is set to be…

The equity market is still grappling with downtrends even after the endorsement of Iran nuclear agreement by the UN Security Council.

Stocks at Tehran Stock Exchange squeezed TEDPIX on…

Several foreign investors have expressed interest in making investments in mineral industries of Iran. It is, however, necessary to identify the comparative advantage of the industry, so that such…

From an economic perspective, the immediate consequence of the nuclear deal reached between Iran and P5+1 is that foreign investors will saddle their horses to ride off to Tehran, aiming to secure…

Cellphone imports have decreased lately due to the unreasonable import tariffs, said the head of Iran's SIM Card and Cellphone Dealers Association.

Any cancer can be tackled better if detected early. When skin cancer is detected early, the chances of survival rise to 98%.

Now, a new device has been created that can attach to your…

The so-called Islamic State terrorist group is banning private Internet access in its Syrian bastion Raqqa, forcing residents and even its own fighters to use Internet cafes where they can be…

Wondering if we are alone in the universe has engaged minds through the ages. Add to the list Russian billionaire Yuri Milner, who announced on Monday that he plans to spend $100 million to…

Governor of the Central Bank of Iran Valiollah Seif announced that it would take the regulator eight to ten months to unify the foreign exchange rates since the central bank’s connection with…

Indian public sector banks are buckling up to ride the expected boom in trade with Iran, once western nations lift sanctions on India’s ally and long-time trading partner in West Asia, a report…

Most markets have reacted positively in the wake of the historic nuclear accord reached between Iran and world powers in anticipation of an easing of sanctions. The housing sector, however,…

The banking reform bill prepared by the Central Bank of Iran is to be submitted to the Cabinet for review by the end of this week, Peyman Qorbani, CBI’s vice governor for economic affairs, said on…

A total of $30.7 million worth of goods were traded between Iran and the United States during the first quarter of the current Iranian year (started March 21). Imports which accounted for the lion…

In a meeting between Iran’s Ambassador to Kuwait Alireza Enayati and Kuwait’s Head of Ports and Shipping Organization Sheikh Yousef Abdullah al-Sabah, the two sides discussed expanding cooperation…

More than 53,800 tons of goods, valued at $27.7 million were exported via Saveh County in Markazi Province during the first quarter of the current Iranian year (started March 21), which indicates…

Iranian President Hassan Rouhani has asked India to invest in infrastructure projects worth $8 billion, including an expanded role in developing a strategic port that will open up access to…

Iran’s air traffic demand is bound to increase as the country joins the world market following a nuclear deal with P5+1 (the US, the UK, France, Russia, China and Germany), said the minister of…