Economy

The vice governor of Central Bank of Iran expressed doubts about the possibility of fully recovering the banking resources tied up in non-performing loans that amount to billions of dollars, a…

The Central Bank of Iran announced on Wednesday that foreign exchange resources and expenditures are under full control and the banking system is prepared to meet all the hard currency needs of…

US President Donald Trump took the harshest stance possible and promised the full return of sanctions when he withdrew from Iran's UN-endorsed nuclear deal with world powers on Tuesday, but many…

More than 1.68 million tons of non-oil products were exported from Bazargan border crossing in West Azarbaijan Province located in northwest Iran in the last Iranian year (March 2017-18),…

Turkey will continue its trade with Iran as much as possible and will not be answerable to anyone else, Economy Minister Nihat Zeybekci said on Tuesday, after US President Donald Trump said the…

Iran Airports Company registered 36,842 takeoffs and landings during the Iranian month ending April 20, which shows a 2% decline compared with last year’s corresponding period. Close to 4.5…

US President Donald Trump’s decision to exit the Iran nuclear deal and reinstate sanctions could cost some of Europe’s biggest companies billions.

Iran’s minister of industries maintains that prior to triggering public offering of managing shares of Iran Khodro and SAIPA, the number of active automotive firms in the country needs to be…

French carmaker and owner of Peugeot brand PSA Group said on Wednesday that it hoped the European Union would adopt a common position on Iran, following US President Donald Trump’s decision to…

The world’s biggest carmaker may have a new diesel emissions scandal on its hands.

German officials are investigating Audi—owned by the Volkswagen Group—on suspicion that it installed…

Uber has unveiled its “flying car” concept aircraft at its second annual Uber Elevate Summit, which showcases prototypes for its fleet of airborne taxis. The flying cars, which the company hopes…

The US decision regarding Iran’s nuclear deal, whatever that may be, will not cause any disruption to the country’s economy, the governor of the Central Bank of Iran said. 

Close to six million gold coins are to enter the market by the time the current Iranian year ends in March 2019 and this is expected to deflate the bubble in gold prices, which was formed ahead…

Officials from Iran, China and the Philippines agreed to develop economic ties after the historic 2015 nuclear deal that put an end to a decade of international sanctions on Iran’s economy.

Iranian lawmakers on Tuesday came one step closer to fulfilling deficiencies in the country's action plan with the Financial Action Task Force, and passed amendment bills to the existing Law of…

The 11th Conference on Iranian Agricultural Economics opened in Karaj, Alborz Province, on Tuesday at the College of Agriculture & Natural Resources affiliated to the University of Tehran.…

A total of 26,618 permits for the establishment, exploration and exploitation of industrial and mineral projects were issued during the last fiscal year (March 2017-18), data published by the…

A contract worth 2.6 trillion rials ($62 million) to manufacture 100 gondola wagons was signed between the Wagon Pars company and a local company on Tuesday, the CEO of Wagon Pars said.

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Trade between Iran and Georgia last year stood at around $181 million, which indicates a 28% rise year-on-year. This was announced by Georgia’s First Vice Prime Minister and Minister of Economy…

Khosravi Border Crossing in Kermanshah Province will be open to pilgrims traveling to the Iraqi city of Karbala in Arbaeen that falls on Oct. 30 this year. 

Ninety percent of Iran's imports and transit will be controlled by advanced inspection technology by the Iranian yearend (March 20, 2019), the head of the Islamic Republic of Iran Customs…

Minister of Cooperatives, Labor and Social Welfare Ali Rabiei, who is heading a five-member delegation to Denmark, is scheduled to meet with his Danish counterpart and discuss the possibility of…

Iranian exports via sea have seen an over 18% rise since the beginning of the current Iranian year (started March 21), the deputy head of Ports and Maritime Organization of Iran said. 

The government will invest 21,510 billion rials ($512.14 million) in Khorasan Razavi Province in northeast Iran, the head of Management and Planning Organization, Mohammad Baqer Nobakht, said.…

Tehran Stock Exchange’s main index gained 439.97 points or 0.47% on Tuesday compared to the day before to end trade at 93,605.9.

About 844 million shares valued at $44.65 million changed…