Iran’s economy is saddled by more than the economic sanctions. Shackles that have plagued it for years have grown stronger in the past decade and linger in the post sanctions era. These are the…
Economy
Non-oil exports should increase by $10 billion in the current fiscal year (ends in March 2017), according to the deputy minister of industries, mining and trade, Reza Rahmani.
“At…
Close to 1,430 tons of hand-woven carpets worth $83 million were exported to 80 countries during the first four months of the current Iranian year (March 20-July 20, 2016), with the US being the…
Up to 7 million people are unemployed in Iran of which four million lack the skills and training to be employed in any profession, according to deputy minister of cooperatives, labor and social…
A European investor was in Iran on Thursday to study avenues of cooperation in honey production, the Minister of Cooperatives, Labor and Social Welfare Ali Rabiei said. He did not specify the…
A political-economic delegation from Lebanon will visit Tehran on August 29 to explore avenues for cooperation in a wide-range of fields, namely investments, packaging, food, mines and commercial…
The World Packaging Organization has set up the Iranian Institute of Packaging (IRIP) with the aim of providing Iran with packaging education by holding workshops in Tehran as of next August,…
The first phase of a major freeway project connecting south of Tehran to the capital’s western flank is scheduled to be completed by the end of the current fiscal year (March 2017), the Minister…
Iran exported more than 2,100 tons of non-oil goods worth $7.9 million to France during the first four months of the current Iranian year (March 20-July 21), which shows a 46% increase compared to…
Iran is expected to witness significant expansion in its pelletizing capacity in the coming years as local steel mills strive to balance their existing production chains, feed new DRI (direct…
A memorandum of understanding was signed in Baku between the Iranian National Standards Organization and the State Committee on Standardization, Metrology and Patents of the Republic of…
Tehran Stock Exchange’s benchmark index TEDPIX gained 334 points or 0.4% during the trading week that ended August 10 to close at 78,190.
TSE trading begins on Saturday and ends on…
Trade with Afghanistan can increase to at least $6 billion per year from the current $2.5 billion, said the Minister of Economy Ali Tayyebnia.
In a groundbreaking decision, the government has announced measures to transfer its accounts from agent banks to the Central Bank of Iran in line with its policies to promote transparency and…
A new plan is being reviewed by Money and Credit Council, which would allow auto manufacturers to own up to 35% of bank shares, said Kourosh Parvizian, Parsian Bank’s CEO. The permission is…
The Central Insurance of Iran, the industry’s regulator, has revoked the licenses of 58 law-breaking brokers and agents, in response to complaints filed by policyholders in the last Iranian year (…
EN Bank on Tuesday unveiled its financial supermarket, in cooperation with its affiliates, Novin Insurance and Novin Investment Bank. The move is intended to improve customers’ experience,…
Saman Bank has established corresponding relations with India’s IDBI Bank, offering services like payment orders and letters of credit in rupee. The bank currently has links with 330 banks…
Iran produced 3.629 million barrels of crude per day in July, marking a 12,000 bpd rise over its June output, OPEC said in its monthly report, citing secondary sources.
The report, released…
An innovative addressing system that assigns every patch of earth in the world an easy to remember three-word address is being used to help visitors get around at the Olympics in Rio de Jeneiro.…
Cheshmak, an Iranian software developer, has released the first indigenous mobile tool for application analytics.
Iran’s National Nanotechnology Initiative has released details of an agreement signed with the Nano Technology Research Association of Korea.
During a recent nano exhibition held in South…
Iran’s Ministry of Industries, Mining and Trade has issued licenses for nine local companies to import iPhones.
A copy of the official document that has allowed the companies to sell…
Viewers in all major Iranian cities on August 14 can receive programs of Channel 3, one of the domestic TV channels, in high-definition quality.
Bahar Azadi gold coin was traded at 11.25 million rials ($362.3) in Tehran on Wednesday, up by 1.26% or 140,000 rials compared with the previous day's close.
The Emami gold coin was up 1.1…
