Economy

Iran’s Logistics Centers Planning Document, which aims to reduce transportation expenses by up to 30% when fully implemented, was ratified by the High Council of Transportation on Aug. 21 and…

The nominal value of Iran's debt market stood at 929.81 trillion rials ($6.57 billion) on Monday. The figure was 717.61 trillion rials ($5.07 billion) in the beginning of the current fiscal (…

The fifth edition of the International Exhibition of Exchange, Banking, Insurance and Privatization, being held along with the 10th edition of the Exhibition on Iran’s Investment Opportunities,…

Tehran received about one-third of all home purchase loans allocated to Iranian provinces during the first half of the current fiscal year (March 21-Sept. 22), latest data released by the agent…

Iran is ranked among the 50 most valuable nation brands in the world, according to a report titled "Nation Brands 2018" released by Brand Finance—a leading brand valuation and strategy…

Iran has succeeded in meeting all health and safety requirements for exporting agricultural commodities to Vietnam, an official with the Ministry of Agriculture said. 

A total of 7,626 tons of tobacco worth 2.25 trillion rials ($54.26 million) were imported into Iran during the first five months of the current Iranian year (March 21-Aug. 22), according to data…

Iran's agricultural trade deficit amounted to $2.12 billion in the first half of the current Iranian year (March 21-Sept. 22). A which shows a 40% rise compared with the similar period of last…

Armenia has expressed readiness to help strengthen commercial ties between Iran and the Eurasia Economic Union. “This year, EEU member states and Iran signed an interim agreement as a first…

Among the costly urban projects underway in the capital, the subway network, which is already seen as a white elephant, seems to have an insatiable appetite for funds. Chairman of Tehran City…

The head of Iran Chamber of Commerce, Industries, Mines and Agriculture called on the government and the Central Bank of Iran to improve oversight of the cumbersome banking system and move it…

Banks and credit institutions lent 3.03 quadrillion rials ($22.13 billion) to various sectors during the first six months of the current fiscal that ended on September 22, the Central Bank of…

Tehran Stock Exchange’s main index gained 862.25 points or 0.46% on Sunday to end trading at 189,438.1. About 3.26 billion shares valued at $90.38 million changed hands at TSE for the day.…

A trilateral agreement based on the government's urban renewal initiative is expected to create 300,000 direct and indirect jobs. The agreement was signed in Tehran on Saturday between the…

The economic freedom index of Iran has improved by 19 ranks, but the country is still far from claiming it has a free economy attractive for foreign investments, the latest ranking of the Fraser…

Mohsen Hashemi, the head of Tehran City Council, believes development of subway lines and stations is the only low-cost and speedy way of alleviating the issue of traffic congestion in Tehran.…

The governor of Khoy city of West Azarbaijan Province and his counterpart from Turkey's Van Province have signed a security and economic cooperation agreement titled "Fifty-Second Security…

Olive production in Iran is expected to reach 90,000 tons in the current Iranian year (started March 21) and register a 5% rise compared with the corresponding period of last year, the manager…

Global Export Credit Unions participating in a meeting of the Berne Union Credit and Investment Insurers this week backed sustained cooperation with Iran despite the US move earlier this year to…

Tehran Stock Exchange's main gauge, TEDPIX, sailed past the 188,000-mark for the second time on Saturday, while other major indexes rose to new highs as bumper half-yearly  earnings reports…

The central bank governor said volume of foreign currency trade in the secondary market amounted to €7.3 billion in the past two months.

Scores of Iranian executives running private businesses converged on the Tehran Chamber of Commerce, Industries, Mines and Agriculture on Saturday to meet their Syrian counterparts and secure a…

All Iranian exporters and importers can now employ cheaper foreign currency rates used in the government's system for registering trade when using maritime and port services.

Payam International Airport, located in the city of Karaj 40 km west of Tehran, has prepared all the facilities needed for exporting goods. Airport officials say exporters can now use the…

Iran’s elevator manufacturing companies have the capacity to build 80,000 elevators annually, but currently they manufacture only 30,000 due to the prevailing recession in the housing sector,…