Economy

The 10th International Exhibition of Yazd Textile Industry is scheduled to be held from May 8 to 11 in the city of Yazd in central Iran. Textile machinery and products, leather, apparel and…

The Supreme Labor Council late Wednesday announced wage rise rates for the new Iranian year that began on March 21. 

Iranians renting homes may be exposed to higher than expected increases in rent prices, as supply and demand are imbalanced, the first deputy of the Tehran Association of Realtors said. “The…

Lack of banking ties is a major issue concerning Iran’s relations with Sweden as it is with most other countries.

According to a senior member of Tehran Chamber of Commerce, Industries,…

An Iranian delegation was in Uruguay earlier this week to participate in a bilateral trade conference and improvement of banking relations was at the forefront of prerequisites for expanding…

Islamic Republic of Iran Customs Administration's latest report shows China remains Iran’s top trading partner.

Iran’s non-oil trade with the East Asian country totaled $22.28 billion in…

About $970 million worth of textile products and apparel were exported from Iran in the last fiscal year that ended on March 20, 2018, to register an increase of 15% compared to the year before…

Some $104 million in foreign direct investment were signed into agreement to be invested in Markazi Province in western Iran in the last fiscal year (March 2017-18). 

Iran’s exports to Russia witnessed a 30% rise in 2017 compared to the year before to stand at $392 million, Iran’s commercial attaché to Russia announced.

Farhad Parand added that Iran…

Iran’s Minister for Roads and Urban Development Abbas Akhoundi expressed interest in exploring avenues available under the China-Pakistan Economic Corridor.

The minister is leading a…

Namibia said it is interested in working with Iran in the fields of agribusiness and agricultural production.

Namibia’s Deputy Prime Minister and Minister of International Relations…

Tehran Municipality submitted a bill to the city council on Wednesday, proposing a rise in bus and taxis fares. Mohammad Karroubi, secretary of Tehran City Council’s Transportation Commission,…

US trade negotiators have significantly softened their demands to increase regional automotive content under a reworked NAFTA trade pact in an effort to move more quickly toward a deal in the…

Holidays were truly over for Tehran’s stock market, as the last trading week came to a close on April 11. 

No more limited trade volume, lethargy in anticipation of political risks…

Iran’s unemployment rate in the fourth quarter of the last fiscal year (Dec. 22, 2017-March 20) stood at 12.1%, registering a 0.4% drop compared with the same period of the year before and a 0.2…

With 23 million head of livestock, Iranian nomads produce 200,000 tons of red meat and 350,000 tons of dairy products annually, the head of Nomadic Affairs Organization said. 

…

Foreign investors injected $11.5 million in industrial projects in Khorasan Razavi Province in the last Iranian year (March 2017-18), the managing director of Khorasan Industrial Estates Company…

About 13.5 million tons of wheat are estimated to be produced in the country during the current Iranian year (started March 21), the deputy agriculture minister for agronomical affairs said.…

A total of $2.89 billion worth of auto parts, excluding tires, were imported during the last fiscal year (March 2017-18), more than any other commodity shipped into Iran during the period,…

The dredging project of the container berth of Bushehr’s Negin Island has started with an initial investment of 210 billion rials ($5 million) to allow the docking of 50,000-ton vessels,…

Governor of the Central Bank of Iran Valiollah Seif said the drastic decision by the government to unify the US dollar’s rate does not mean that a fixed exchange rate system would be at work, as…

When the Central Bank of Iran abruptly announced the unification of the US dollar's exchange rate from Tuesday, the gold market reacted swiftly and prices declined.  

 The Central Bank of Iran’s policy to cap bank interest rates at 15% effectively changed the composition of deposit contracts signed with financial institutions.

Minister of Industries, Mining and Trade Mohammad Shariatmadari said since most of Iran’s trade is conducted in euro, the country is prepared to make a shift toward the European currency.…

The average age of Iran’s passenger wagons decreased by 22% to 28.5 years in the last fiscal (March 2017-18) from 36.9 years in the previous year, CEO of Raja Railway Transport Company, Mohammad…