Economy

ATR has applied for a new export license from the US Treasury Department’s Office of Foreign Assets Control to allow it to deliver the final 12 ATR 72s of an order for 20 of the 70-seat…

Iran exported 700,000 tons of apples in the past crop year (July 2017-18), which is more than twice the volume of exports in the preceding crop year.

More than 63 tons of ornamental fish worth more than $1.8 million were imported into Iran from four countries in the last Iranian year (March 2017-18), based on figures released by the Islamic…

Around 6.7 million passengers were transported by urban and suburban railroads during the first three months of the current Iranian year (March 21-June 21), registering a 15% increase compared…

Tabriz, the capital city of East Azerbaijan Province in northwestern Iran, is currently hosting two exhibitions, Tabriz 2018 Handicrafts Exhibition and the 19th Agricultural Machinery and…

According a recent report by the Statistical Center of Iran, a total of 6.6% of sports venues in the country were owned by the private sector in the fiscal 2015-16, marking an increase of 1.9%…

Syria and Iran have inked a memorandum of understanding for cooperation in the field of higher education and medical research.

The MoU was signed in Tehran on Tuesday by Syrian Minister…

In the current Iranian year which started in March, Iranian financial institutions have set aside about 50 trillion rials ($1.19 billion) to be invested in knowledge-based firms.  

Determined to expand its already extensive fields of business, the giant e-retailer Digikala is reportedly planning to buy out Rocoland, an online supermarket based in Tehran. Digikala…

Prospective homebuyers who tap into the homeownership initiative launched by Bank Maskan, the agent bank of the housing sector, will soon have the option of making a pre-purchase, the chief…

A total of 38,101 deals worth more than 64.05 quadrillion rials ($1.51 trillion) were conducted in Iran's interbank market during the previous fiscal year that ended on March 20, 2018, the…

Candidates attending international exams are eligible to apply for foreign currency at the official rate, the Central Bank of Iran said in a letter to the National Organization of Educational…

The initiative to reform the country’s banking system is in its final stage with financial stability being at the core of the measures, the vice governor of the Central Bank of Iran said.

Tehran Stock Exchange’s main index gained 1,242.97 points or 1.14% on Monday to end trading at 109,937.1.

About 951 million shares valued at $67.45 million changed hands at TSE for the…

Iran Privatization Organization has sold 1.02 trillion rials ($24.4 million) worth of state-owned assets via tenders so far this fiscal year (started March 21).

Gold deposits discovered in Iranian mineral zones have added 40 tons to the country’s reserves, deputy minister of industries, mining and trade said on Monday.

The average price to earnings ratio of Tehran Stock Exchange-listed companies stood at 6.64 for the first quarter of the current fiscal year (March 21-June 21).

The ratio has grown 3.1%…

Aziz Ahmad is one of the unlikely winners of the standoff between the United States and Iran, turning his modest transport service into an international foreign exchange operation that is…

The White House will strictly enforce the upcoming secondary sanctions on companies that do business with Iran, US President Donald Trump reaffirmed on Sunday.

Trump announced on May 8…

Foreign investment in Tehran Province is set to double in the current fiscal year (March 2018-19) compared with last year’s $1 billion, the head of Tehran Province Management and Planning…

About 490,000 tons of goods valued at $294 million were exported from Kurdestan Province’s customs terminals during the first quarter of the current Iranian year (March-June) to register a 68%…

A center dedicated to promoting the marketing and export of Iranian products and services will be launched in the Iraqi capital city of Baghdad on July 15, Iran’s commercial attaché to Iraq said…

Tesla Inc nearly produced 5,000 Model 3 electric sedans in the last week of its second quarter, with the final car rolling off the assembly line on Sunday morning, several hours after the…

With the government banning auto imports in late June, distributors of such vehicles have announced that they will continue to offer after-sales services to customers for the next ten years.

The Organization for Economic Cooperation and Development (OECD) downgraded Iran's rating in the country risk classifications of the Participants to the Arrangement on Officially Supported…