The Central Bank of Iran’s plan to launch a supply chain finance (SCF) mechanism is expected to help improve the allocation of funds across economic sectors, the bank’s SCF Department said.…

The Money and Credit Council has approved a proposal by the Central Bank of Iran for minting a digital rial as a central bank digital currency (CBDC), CBI deputy governor for innovation…

President Ebrahim Raisi is set to leave for Moscow on Wednesday where he is scheduled to meet his Russian counterpart, Vladimir Putin. The trip, which is Raisi’s third official visit abroad…

Russia’s top negotiator in the Vienna talks on the revival of the 2015 nuclear deal said Tehran is “absolutely right” to demand guarantees from Washington after its unilateral withdrawal from…

The time is not right for the government to end the contentious practice of paying subsidies for importing essential goods.  This was stated by Albert Boghzian, an economist and university…

Eleven provinces registered double digit unemployment rate for people of ages 15 and above in the current Iranian year’s third quarter (Sept. 23-Dec. 21).

Government-affiliated Power Generation, Distribution and Transmission Company (Tavanir) has installed 30,000 smart electricity meters in the agriculture sector since March 2021, the head of…

Iran and Romania have signed a memorandum of understanding, based on which Iran will export technical and engineering services to Romania’s gas sector. The MoU is the first of its kind for Iran…

Boosting the efficiency of thermal power plants by 5% can help reduce the consumption of liquefied fuel, including mazut and diesel, by 13 million liters per day, the export of which can help…

Mobile phone and cellular internet subscriptions in Iran increased by 160% and 109%, respectively, at the end of the current fiscal year’s third quarter (Sept. 23-Dec. 31), while the number of…

Three Iranian diplomats have arrived in Saudi Arabia to take up posts at the headquarters of the Organisation of Islamic Cooperation in Jeddah, a senior Foreign Ministry official said on Monday…

A total of 206 tons of saffron worth $103.3 million were exported from Iran to 52 countries in the current fiscal year’s first nine months (March 21-Dec. 21), according to Rouhollah Latifi,…

A total of 387,090 business permits were issued by the Ministry of Industries, Mining and Trade during the current Iranian year’s first eight months (March 21-Nov. 21), registering a 2.7% growth…

Prince Harry has filed a claim against the UK Home Office’s decision to prevent him from paying for police protection for himself and his family while in the UK, saying it is currently too…

The Education and Research Institute, affiliated with Iran Chamber of Commerce, Industries, Mines and Agriculture, is scheduled to hold a courses on arbitration on Jan. 18. The one-day course…

The World Bank has revised up its forecast on Iran's GDP growth in 2022. In a newly-released report, the bank is expecting Iran’s economy to grow 2.4% in 2022, 0.2% more than the bank’s June…

Tehran stocks closed Monday in negative territory paring gains made in the early hours of trade.  The benchmark of Tehran Stock Exchange, TEDPIX lost 4,273.22 points or 0.33% for the day…

After a short-lived rally a session earlier, currency prices paused Monday dragging down prices in the domestic bullion market.  The US dollar closed at 274,800 rials in Tehran’s…

Iran’s capital market should genuinely consider use of blockchain technology as it can help address some major needs and at the same time create new vistas for reviving  the share market,…

President Ebrahim Raisi in a meeting with CEOs of banks underscored the pressing need for change in managing the banking system that has come under systemic criticism for long periods.  “A…

Iran’s Health Ministry reported a spike in coronavirus cases as the Omicron variant drove daily infections above the 3,000 mark for the first time since early December.  The Health…

Talks on the revival of the 2015 nuclear deal are on the right track and there is no deadlock that cannot be resolved, a senior Iranian diplomat said as top negotiators return to the Austrian…

The volume of rail and road transit through Iran is on the rise.

Iran's trade (excluding crude oil exports) with Caspian Sea littoral states stood at 5.72 million tons worth $2.51 billion during the current fiscal year’s first nine months (March 21-Dec. 21),…

The prices of foreign vehicles have soared astronomically in the past few years along with the rising foreign exchange rate of the US dollar in the domestic market.  However, in view of…