Iran and Uzbekistan have reached a preliminary mutual agreement to allow tax-free entry licenses for trucks commuting between the two countries.
“The agreement was reached during the…
Economy
Iran economy news, Get the latest news about Iran economy, trade, growth prediction, agriculture, transport, aviation, infrastructural developments and investment opportunities.
Iran’s two stock markets have seen the delisting of 174 companies since the fiscal 2002-3, according to Tehran Stock Exchange and Iran Fara Bourse data.
Tight spot supply of Iranian lead ingots have pushed up premiums for major importing countries such as India and some Southeast Asian markets, prompting buyers to search for alternative brands…
Iran’s total commercial exchanges with Turkey totaled $3.62 billion during the first four months of 2018, registering an increase of 2.11% compared with last year’s corresponding period,…
Iran exported about 605,000 tons of apples during the last fiscal year (ended March 20, 2018), up by more than 71% compared to the year before, Mohammad Ali Tahmasebi, deputy agricultural…
As of the fiscal 2016-17, there were one hospital per 83,780 and one hospital bed per 508 residents in Iran.
According to the Statistical Center of Iran, the country has a total of…
The consumer price index (using the Iranian year to March 2017 as the base year) stood at 120.1 for the western province of Kermanshah and 110.4 for the southern province of Bushehr in the…
Russian companies working in Iran have an advantage over European rivals, as they are already under US sanctions and have nothing to lose, TeleTrade’s chief analyst said.
Local automotive company Kian Motor Varna delivered the first units of presold Borgward BX7 to customers this week in Tehran. Back in 2017, Kian Motor Varna signed an import agreement with the…
Peugeot 2008, the first product of a joint venture between the largest domestic automaker Iran Khodro and the French PSA Group, does not seem capable of finding a way out of price fluctuations…
A new scheme has been devised to facilitate the arduous task of finding a parking place in the tightly-packed streets and alleys of Tehran. Using a mobile application, citizens will be able to…
In an effort to reduce motor vehicle fatality rates, a smartphone application has been designed to notify drivers of imminent danger when drawing close to an accident-prone area. Unveiled on…
Foreign insurers have established four representative offices in Iran and another insurer has applied for a license to establish such an office, according to the head of Central Insurance of…
Iran and Russia are currently conducting bilateral trade in their local currencies, rial and ruble respectively, as well as euro, a former official of Iran-Russia Chamber of Commerce said.
A recent agreement with the Swiss train building company Stadler may be scrapped entirely, if US sanctions are reimposed and Europe fails to guarantee Iran’s interests as promised in the Joint…
India’s largest lender State Bank of India has alerted all its offices on the pitfalls of dealing with companies carrying out trade with Russia and Iran, which are battling US sanctions. …
Exporters of Indian basmati rice to Iran are keeping their fingers crossed waiting for the picture to clear after US President Donald Trump reimposed sanctions on Tehran.
They are keen…
Iran exported $120 million of pharmaceutical products in the last fiscal year (March 2017-18), about twice as much as the preceding year’s volume, the director general of Iran’s Food and Drug…
Minister of Industries, Mining and Trade Mohammad Shariatmadari has appointed Fereshteh Dastpak as the new head of Iran National Carpet Center.
She is replacing Hamid Kargar, IRNA…
Markazi Province exported 247,775 tons of commodities worth $231.65 million during the first two months of the current fiscal year (started March 21), registering an increase of 22% and 64% in…
Tehran Chamber of Commerce, Industries, Mines and Agriculture plans to hold English courses on general business skills for economic players with the aim of boosting their ability to negotiate in…
A total of $4.52 million worth of chewing gum were imported into Iran during the last fiscal year (March 2017-18), as reported by the Islamic Republic of Iran Customs Administration.
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The First International Specialized Exhibition of Paper, Cardboard, Cellulose Products and Related Machinery is scheduled to open at Tehran International Fairground on July 28.
Close to 397 tons of commodities were loaded and unloaded in the small port of Arvandkenar in Abadan County, Khuzestan Province, in southwestern Iran during the first two months of the current…
France’s Foreign Minister said on Thursday the European Union has made some progress on measures to protect the bloc’s companies from US sanctions on Iran but these were still insufficient.
