Economy

Stocks staged a broad rally on Wednesday with nearly 73 percent of listed companies outperforming to help TEDPIX soar 1.6 percent to recoup part of the massive losses it had accumulated since…

Sponge iron production units in three out of seven major steel plants, known as Provincial Steel Projects, are expected to become operational by the end of the current Iranian year on March 19,…

A trade conference between Iran and Russia will be held in Moscow on June 25, the Russian Oil and Gas News Agency reported on Tuesday.

The bill to establish Sistan Free Trade Zone in Sistan-Baluchestan Province has been ratified by the working group of the High Council of Iran Free Trade-Industrial Zone, said Seyyed Mohammad…

In a meeting with Russia’s trade envoy in Iran, the caretaker of Iran National Carpet Center called for the removal of obstacles in the way of exporting Persian carpets to the neighboring…

Although the western sanctions imposed against Iran over its nuclear energy program have adversely affected the economy, internal obstacles are to blame for the larger part of economic stagnation…

Managing director of Chabahar Free Trade-Industrial Zone, Hamed Ali Mobaraki, on Tuesday encouraged Emirati investments in the FTZ.

Referring to time-honored ties between Iran and the…

The government will allocate 600 billion rials (more than $20 million at official exchange rate) for sampling and supervising the quality of domestically-produced commodities in the market, said…

Sterling rallied to a one-month high after upbeat UK data on Wednesday. The British currency rose 0.65% to 51,430 rials by 1142 GMT in Tehran, as British jobs data beat expectations leading to the…

Governor of the Central Bank of Iran Valiollah Seif met with a visiting business delegation from Germany on Tuesday, as the deadline for a final nuclear agreement between Iran and the six world…

With Iran now closer than ever to an agreement with the West over its nuclear energy program, local financial institutions are poised to regain access to international markets but Iranian banks…

Iran’s primary insurance regulator said on Wednesday “financial prosperity, effective management and transparency” are among factors playing key roles in the development of insurance industry.

Tehran hosted its First International Symposium of New Technologies in Hybrid and Electric Cars on Tuesday, Asre Khodro reported.

At the direction of US auto safety regulators, Honda USA said it will recall about 1.39 million vehicles with faulty passenger-side airbags made by Takata Corp.

Geely Automobile Holdings plans to display the first compact car jointly developed with Volvo in March at Geneva auto show next March.

Geely and Volvo are both subsidiaries of Zhejiang…

The giant Indian holding company Tata has offered to invest in Iran's mineral and tourism industries, Eghtesad News reported.

The proposal was made during a meeting between the head of Tata…

The Central Bank of Iran has extended the repayment period to three years for loans granted to both farmers and agricultural institutions that are either adversely affected by natural disasters or…

The mortgage scheme for first-time buyers has received a strong reception from applicants with 1,600 accounts opened in Bank Maskan in the first three days since the plan was launched.

Minister of Economic Affairs and Finance Ali Tayyebnia said establishing more development banks can be a boon for Iran’s business environment since the main task of such banks is to finance both…

A central bank's mandate is to control inflation and maintain the value of a country's currency. For the Central Bank of Iran, those mandates have become mired with the government's policies and…

More than 2.84 million tons of crude steel were produced domestically during the first two months of the current Iranian year (March 21- May 21, 2015), nearly 2,000 tons more than production in…

Ever since January 2015, stock trading at Tehran Stock Exchange has been in tatters. A report released by the economic daily Donya-e Eqtesad shows that only on three occasions has the gloomy…

Governor of the Central Bank of Iran Valiollah Seif has ruled out any “hasty” action in confronting illegal financial institutions, saying the ordering of these institutions should be done…

Housing is one of the most vital sectors of the economy. The sector ranks first in terms of market value, leaving other sectors in the dust and impacting the investment market in many ways.

Fifty-seven grades of polymers were offered by 17 local petrochemical complexes at Iran Mercantile Exchange spot market on Tuesday, IME reported.