Economy

A futures currency market aimed at unifying the dual foreign exchange rates will be established in the current fiscal year (March 2017-22), a senior official at the Tehran Chamber of Commerce,…

In response to criticisms directed at the Central Bank of Iran over a surge in liquidity, the bank has stressed that it has maintained order in the money market and staunched the irregular…

Bank Keshavarzi—the lender specializing in financing agribusiness—has doled out loans worth over 116 trillion rials ($3 billion) to agricultural sectors during the first tenure of President…

Iranian insurance companies have registered an 18% growth in life insurance premium incomes in the first quarter of the current Iranian year (March 21-June 21), the head of Central Insurance of…

As the summer tea harvest goes underway, 80,000 tons of fresh tea leaves worth 1.62 trillion rials ($42.5 million) have been purchased by the government from local farmers so far this year,…

More than $117 million worth of goods were exported from Iran to Iraq through the Chazzabeh Border Terminal located in Dasht-e Azadegan County’s Bostan District, Khuzestan Province, during the…

More than 3,100 tons of transit cargo were exported from Iran via Mirjaveh terminal on the border with Pakistan during the first four months of the current Iranian year (March 21-July 22),…

Sixty-six percent of the privatization deals under the government of President Hassan Rouhani were reached with the “real” private sector, compared with only 18% in the previous governments, the…

President Hassan Rouhani submitted on Tuesday the list of his new Cabinet picks to the parliament for a vote of confidence.

Among the nominees, Minister of Roads and Urban Development…

Tehran Stock Exchange’s main index gained 265.40 points or 0.33% to end Wednesday trade at 81,579.3.

About 848 million shares valued at $59.77 million changed hands for the day.

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Major Iranian mining companies produced 112.6 million tons of different products during the first four months of the current fiscal year (March 21-July 22), registering an 8.7% growth compared…

Newland EMEA, a Dutch manufacturer of barcode scanning and mobile communication solutions, has accelerated its growth in the Middle East with the opening of a new office in Tehran, the company…

India will start shipping 35,000 containers of wheat to Afghanistan via the Iranian port of Chabahar in southeastern Sistan-Baluchestan Province within two weeks. 

“In the first…

New-car registrations in Russia increased 19% in July, the fifth consecutive month of higher sales as the market emerges from a four-year slump. Registrations rose to 129,685, the Association of…

Azim Khodro, a local auto brokerage group, has unveiled one of the biggest Chinese SUVs in the market.

Called Foton Sauvana (not to be confused with the Foton Savanna), the car will be…

One main difficulty in producing foreign cars in Iran with local automotive parts is their small production numbers, according to one CEO.

With more than four months having passed from the Iranian New Year (March 20), SAIPA has yet not delivered the cars it was obliged to hand over in February.

According to local news…

After a joint meeting held by the members of Majlis Economic Commission, CEOs of state-owned banks and officials of Economy Ministry to discuss different aspects of interest rate cuts, the head…

After Iran ditched the US dollar in its financial reporting and the Central Bank of Iran is pursuing the policy to sideline the greenback in its forex transactions in response to US restrictions…

In an official decree, Governor of the Central Bank of Iran Valiollah Seif has appointed Seyyed Ahmad Araqchi as the new CBI deputy for foreign exchange affairs. Araqchi obtained his bachelor’s…

Iran-China Chamber of Commerce has denied reports of Iranian traders’ bank accounts being closed by Chinese lenders as part of new restrictions imposed on the country by Beijing–an important…

Around 20% of Iran’s demand for tobacco are domestically produced, the head of Tobacco Planning and Supervision Center said.

“Plans have been made to increase land under tobacco…

The government has considered close to 33 trillion rials ($865.5 million) in budget to modernize irrigation systems in Iran’s farms and orchards in the current fiscal year (started March 21), of…

Close to 1.38 million tons of non-oil goods worth $557 million were exported from Kermanshah Province during the first four months of the current fiscal year (March 21-July 22), according to the…

Kitchen stoves worth $17.7 million were exported from Iran in the last fiscal year (March 2016-17). The figure stood at $14 million the year before. Export destinations for the product mainly…