Economy

Iranian government’s fight with hoarding is heating up. 

Back-to-back reports being published on police confiscating goods in warehouses across the country are meant to assure…

Iran traded 314,972 tons of non-oil commodities worth $81.41 million with Kazakhstan during the first four months of the current fiscal year (March 21-July 22), registering a 95.46% and 37.64%…

Two Iranian startup accelerators Avatech and Shezan, along with shared office space provider Zavie Co and startups consultancy agency Noava, have been merged and will operate under the name…

The European Union has given Apple’s Shazam acquisition its approval after launching an investigation into the deal earlier this year over concerns that the purchase could be anticompetitive.…

Broadcom Inc on Thursday forecast current-quarter revenue largely above estimates on higher demand for components that power data centers, while the launch of Apple Inc’s new iPhones is expected…

More than 616 tons of raw materials to produce infant formula worth $2.95 million were imported into Iran during the first four months of the current Iranian year (March 21-July 22).

The…

Iran exported 4,586 tons of soybean oil worth $7.39 million during the first four months of the current fiscal year (March 21-July 22), latest data released by the Islamic Republic of Iran…

Turkmenistan has banned transit trucks heading from Iran’s Lotfabad Customs Terminal in Khorasan Razavi Province’s Dargaz County to Tajikistan though its territory. Ali Akbar Shamani, director…

Despite the decline in the volume of Iran’s non-oil exports during the first five months of the current fiscal year (March 21-Aug. 22), export revenues have increased.

Iran traded 47,555 tons of non-oil commodities worth $65.92 million with Vietnam during the first four months of the current fiscal year (March 21-July 22). This registers a 50.75% and 40.98%…

The ban on fish feed export has been lifted, the director general of Export Affairs Bureau with the Islamic Republic of Iran Customs Administration said.

Ali Akbar Shamani communicated…

The parliament has voted against the bill obliging the government to streamline the distribution network for providing Iranian households with essential goods through consumer cooperatives,…

Iran continues to set a global example through its progressive and inclusive refugee policies, but the country needs more support hosting one of the largest refugee populations in the world,…

More than 28,100 public complaints were filed against goods and service providers with the industries, mining and trade organizations of Iranian provinces during the fifth month of the Iranian…

Tehran Stock Exchange’s main index lost 269.65 points or 0.2% on Wednesday to end trading at 137,714.2.

About 2.75 billion shares valued at $59.76 million changed hands at TSE for the…

While Tehran’s housing market has registered three months of consecutive declines in home sales and price surges, similar markets of other provinces exhibit a different trend. 

Iran has informed German financial regulator BaFin that it would be dropping its earlier request to repatriate funds from the bank, German media outlets, including Deutsche Presse-Agentur and…

The Central Bank of Iran has recognized leasing firms as separate entities from monetary players, potentially opening a new chapter in the country’s lending sector.

While the unofficial currency market enters a bull run, a Central Bank of Iran official said trade in the Secondary Forex Market is increasing, with deals breaking a record on Tuesday. …

Mercedes showed on Tuesday how it is “aggressively” gunning for top spot in upscale battery cars market currently dominated by Tesla, as it unveiled the EQC, its first fully electric car, at an…

Toyota Motor Corp. is recalling more than a million of its Prius and C-HR compact crossover vehicles globally due to the risk of fire. Of the 1.03 million affected vehicles, 554,000 will be…

Bank Maskan, the state-run agent bank of the housing sector, is considering the possibility of increasing the ceiling of home loans while reducing their interest rates to boost the people's…

The administration of President Hassan Rouhani has accepted crpytocurrency mining as an industry that needs to be developed in Iran, the secretary of the High Council of Cyberspace said.

President of Iran Chamber of Commerce, Industries, Mines and Agriculture called for the total elimination of cheap currency offered at the 42,000-rial exchange rate. Speaking at the 77th…

As the intense rally persists in the foreign currency market, the Central Bank of Iran issued a statement on Tuesday to assure the public that the bank's main concern continues to be provision…