President Hassan Rouhani said Tuesday the time has come for government downsizing and reducing its footprint in economic affairs. So long as the government maintains its strong grip on the economy…
Economy
Valiollah Seif, Central Bank of Iran’s governor said on Tuesday Iran has transferred some of its freed assets from banks in Japan and South Korea to other banks in Germany and the UAE.
Central Bank of Iran and Russia’s Union Card Company are planning to connect the two countries’ payment systems and issue joint bank cards. The Central Bank of Russia also announced Monday that…
Commerzbank is reviewing the possibility of returning to Iran, less than a year after agreeing to pay $1.45 billion to settle sanctions violations tied to the country.”Commerzbank is monitoring…
The Lloyd's of London insurance market said on Monday that from a European Union perspective its managing agents can now provide insurance and reinsurance for the transportation of Iranian oil and…
Iran Mercantile Exchange’s oil and petrochemical trading board witnessed the supply of 61,276 tons of polymers, 70,586 tons of bitumen and 100 tons of benzene on Tuesday. The IME's export trading…
Stocks resumed their rally on Tuesday brought about by improved economic prospects due to the removal of sanctions against Tehran's nuclear program.
The four-week rally had waxed and waned…
Export of raw minerals has for long been the subject of heated debates among state authorities, parliamentarians and miners.
Lawmakers consider the export of any form of iron ore–the main…
As Iran emerged from years of economic isolation over the weekend when key countries lifted crippling sanctions in return for the Islamic Republic complying with a deal to curb its nuclear…
German Chancellor Angela Merkel will visit Iran in the coming months, said the head of Iran Chamber of Commerce, Industries, Mines and Agriculture. “Although the visit has not been…
Iran and China will sign rail contracts during Chinese President Xi Jinping’s upcoming Iran visit, which is scheduled for January 22 to 23, said managing director of the Islamic Republic of Iran…
Britain’s export finance agency is ready to offer financing to civilian aircraft exports to Iran, the head of its aviation finance section said on Monday after sanctions against the country were…
Iran’s main economic challenge is its oversized government.
Economy Minister Ali Tayyebnia made the statement at a forum dubbed “JCPOA Implementation: A New Chapter in Iran’s Economy” in…
According to the latest figures released by the Statistical Center of Iran, the unemployment rate in the third quarter of the current Iranian year (September 23-December 21) stood at 10.7%.
The Italian government is planning to offer up to €8 billion ($8.71 billion) in financing for companies to invest in Iran, as they expect Italian exports to Iran to quadruple in two years.
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The first round of online programming competitions, CodeCup, will be hosted by Sharif University of Technology in Tehran. According to Mehr News Agency, aside from the problem solving and coding…
Iran's second largest mobile operator, MTN-Irancell, has announced its expansion of customer care centers around the country. The company now reports having 182 such centers in cities across Iran…
For Apple, Iran’s 78 million people offer a particularly attractive new market, as 42% of its people are under age 30.
The country also boasts a relative large middle class highly…
The Ministry of Communications and Information Technology and its affiliates are to receive 3.7 quadrillion rials ($124 million at official exchange rate) as part of the government's budget for…
MTN, the part owner of MTN-Irancell, increased 2.3% to R120.50 on Monday on news that sanctions against Iran have been lifted, a move that would free up more than $1 billion in frozen accumulated…
The world's most popular messaging service, WhatsApp, is dropping its token $1 fee still levied on some users as it experiments with making businesses pay to reach their customers, Chief Executive…
Bank Sepah is planning to promote its foreign branches and affiliates, and strengthen its capital and human resources while preparing to reenter international banking, said Mohammad Kazem…
Gholamali Kamyab, deputy chief of the Central Bank of Iran for foreign exchange affairs says the preference is to receive the freed assets from overseas in installments to avoid inflationary…
Iranian banks, their overseas branches and affiliates were officially removed from SWIFT's list of sanctions on Sunday as the embargo against the country was officially lifted when Iran's nuclear…
After a year of silence, unofficial reports suggest that the Central Bank of Iran is set to publish the long-awaited data on bad checks.
