Economy

In view of the Financial Action Task Force’s next plenary meeting in June, Iran is updating its Anti-Money Laundering Law, along with other ongoing reforms to fulfill the body’s action plan.…

After the unification of the US dollar’s exchange rate, the payment industry has yet to receive hard currency at the rate of 42,000 rials for importing equipment and hardware. The CEO of Beh…

Some 170 billion rials ($4 million) have been earmarked in the current fiscal budget to revive the palm trees of Shadedan in the southern Khuzestan Province, the government spokesperson said.

Franco-Italian planemaker ATR is ready to deliver a number of airplanes to Iran Air before the US sanctions’ revival in August, an advisor to the minister of roads and urban development said on…

Motor vehicle crashes cost Iran as much as 6-7% of the country’s gross domestic product, the head of Air Emergency Medical Services said on Monday.  Noting that road accidents claimed the…

A delegation from Russia’s Volgograd Oblast arrived in Sari, the provincial capital of Mazandaran, on Monday for a three-day visit aimed at exploring ways of boosting bilateral trade.

Iran and Sri Lanka signed five memoranda of understanding in the presence of the two countries’ presidents in Tehran on Sunday to increase cooperation in different fields.

The first MoU…

The United States threatened on Sunday to impose sanctions on European companies that do business with Iran, as the remaining participants in the Iran nuclear accord stiffened their resolve to…

As the countdown begins for the restoration of US sanctions on Iran, many shipping companies such as Maersk Tankers and Torm are already refusing to call on Iranian ports, fearing complications…

Tehran Stock Exchange’s main index gained 537.65 points or 0.57% on Monday compared to the day before to end trade at 94,703.5.

About 795 million shares valued at $39.96 million changed…

Iran's largest state-owned mining holding and a consortium of steelmakers signed an agreement on Sunday to invest $1 billion in setting up an integrated steel production chain in Kurdestan…

Iran traded $909.02 million worth of non-oil goods with Indonesia in the last Iranian year (ended March 20, 2018), which was 144% more compared to the year before, making the Southeast Asian…

Feasibility studies are underway to double-track the North Railroads Network, stretching from the city of Garmsar in Semnan Province in central Iran to Galougah in the northern Mazandaran…

Iranian carmaker SAIPA and its French partner PSA’s Citroen brand announced an upcoming presale of the Citroen C3 in Iran few days after the hawkish President Donald Trump pulled the United…

Iran largest automaker Iran Khodro has launched an application to ease the shareholders’ work in observing their stocks and the latest changes in their value. Investors can use the app to…

Tehran citizens are forced to squander 20 million hours a day in the overcrowded, traffic-clogged metropolis.

According to Mohammad Darvish, a prominent member of the Iranian Research…

Iran imported more than 28,117 tons of peanuts worth $33.88 million during the last fiscal year (March 2017-18), Mizan Online reported, citing data from the Islamic Republic of Iran Customs…

About 292 tons of raw silk worth 385.76 billion rials ($11.28 million) were imported during the last Iranian year (March 2017-18), figures released by the Islamic Republic of Iran Customs…

An Iranian business delegation headed by Iran Chamber of Commerce, Industries, Mines and Agriculture Chairman Gholamhossein Shafei is scheduled to accompany President Hassan Rouhani to…

A forum between Iranian and Bulgarian businesses has been scheduled to be held at Iran Chamber of Commerce, Industries, Mines and Agriculture on Monday. The Bulgarian delegation is headed by the…

The first day of the sixth meeting of Iran-Qatar Economic Commission was held on Sunday in Doha where economic and business experts from the two countries surveyed issues of mutual interest.…

Germany wants to help its companies continue doing business in Iran after the US decision to reimpose sanctions against Tehran, but it could be difficult to shield them from any fallout, Foreign…

Bank Melli Iran, the nation’s biggest state-owned lender, has called on Iran and Turkey’s businesspeople to tap into special letters of credit facilities offered as part of the nations’ currency…

The Central Bank of Iran has notified rules concerning interest paid to state bodies on their bank deposits. 

According to the IBENA report on Sunday, most state entities cannot…

Minister of Economic and Finance Affairs Masoud Karbasian called for increasing banking cooperation with Bulgaria, proposing that the EU member state open bank branches in Iran for facilitating…