Economy

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  • Shampoo Exports Exceed $5m in 4 Months
    Iran exported 3,209 tons of shampoo worth close to $5.75 million during the first four months of the current Iranian year (March 21-July 22), based on the latest figures released by the Islamic...
  • Tesla in Turmoil
    The turmoil at Tesla Inc. has reached a fever pitch, with the news that two senior executives...  
  • New Iran-China Freight Train Service Launched
    A new freight train service linking north China's Inner Mongolia Autonomous Region with the Iranian city of Bam was launched on Tuesday. Departing from a logistics park in Inner Mongolia, the...
  • Tehran Hosts Forum to Survey EEU Prospects
    The first forum on opportunities for Iranian businesspeople, producers and service providers in Eurasia’s market is scheduled to be held on Sunday at the Islamic Republic of Iran Broadcasting...
  • The Iranian government has recognized cryptocurrency mining as a lawful activity as part of its effort to introduce a national cryptocurrency, which move saw Bitcoin’s price briefly spike to record...
  • Trade With Kazakhstan Rises 37%
    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% of...
  • Homebuyers in Tehran Favor Smaller Houses - August 2018
    A review of data by the Central Bank of Iran shows that residents of Tehran, the bustling capital city accounting for roughly half of all home sales in the country, increasingly favor smaller homes...
  • Pharmaceutical Importers Body  Elaborates on Supply Shortage
    Iran 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 people that, despite...
  • Rials Pares Losses on Central Bank Moves
    Iran’s rial recouped some of its losses after hitting a record low against the US dollar on Thursday on the open market, according to reports, as the economy continues to face pressure from the...
  • EU Approves Apple’s Purchase of Shazam
    The European Union has given Apple’s Shazam acquisition its approval after launching an investigation ...
  • Iranian Ports’ Throughput Down 9.2%
    Around 61.7 million tons of goods were loaded and unloaded in Iranian ports from March 21 to Sept. 4, registering a decline of 9.2% compared with last year’s corresponding period, managing director...
  • Bank Debts Behind Monetary Base Growth
    A review of official data published in Central Bank of Iran’s reports by Tehran Chamber of Commerce...
  • Investors Lose Trust Over Pricing Flip-Flops
    New developments in the Iranian capital market seem to have stemmed in large part in the mercantile exchange. The same trend was seen last week with the oil-product pricing conundrum.  The lost...
  • IRICA: Customs Clearance Process Back to Normal
    Customs clearance process for imports is back to normal following the announcement that 3,479 items have become exempt from exchange rate difference surcharge, the head of the Islamic Republic of...
  • Pencil Sharpeners Imported From 15 Countries
    More than 421 tons of pencil sharpeners and blades worth $3.23 million were imported into Iran from 15 countries during the first four months of the current Iranian year (March 21-July 22), data...
  • Apple Exports at Record High
    Some 800,000 tons of apples have been exported from Iran since the beginning of the current Iranian year on March 21, which is a record high, an official with the Ministry of Agriculture said on...
  • Shares of Broadcom rose 4% to $224.90 in extended trading on Thursday.
    Broadcom Inc on Thursday forecast current-quarter revenue largely above estimates on higher...
  • High-Profile Merger in Iran Startup Ecosystem
    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 Hamava...
  • Europe Struggling  to Save Iran Deal
    You would not know it from reading the news, but the Iran nuclear deal is still alive.  The Europeans, however, are faced with an impossible task: to preserve an international agreement that...
  • Iran Plast 2018 Slated for Sept. 24-27
    The 12th International Iran Plast Exhibition is scheduled to open at Tehran International Fairground on September 24, according to the event’s official website at Iranplast.ir. Organized by the...
  • CBI Moves to Regulate Leasing Firms
    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. According to the secretary-...
  • Mercedes Unveils First Fully Electric Car
    Mercedes showed on Tuesday how it is “aggressively” gunning for top spot in upscale battery cars...
  • Turkmenistan Bans Iran Transit Trucks Heading to Tajikistan
    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...
  • Secondary Market Trade Buoyant
    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.   Mehdi...
  • Infant Formula Raw Materials Imported
    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 Islamic...

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