Economy

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  • Tehran to Host ‘IINEX 2018’  in October
    The 18th International Industry Exhibition, also known as IINEX 2018, is scheduled to open at Tehran International Fairground on Oct. 13, according to the event’s official website at Idro-sanat.com...
  • Stocks Return From Holidays With Strong Gains
    Tehran Stock Exchange’s main index gained 3,209.53 points or 2.04% on Saturday to end trading at 160,538.2. About 4.62 billion shares valued at $118.10 million changed hands at TSE for the day....
  • The looming crisis in the emerging markets, set off by the run on the Turkish lira, has had a more direct impact on the Iranian rial than anything the US has claimed.
    Since the beginning of the fiscal 2018-19, the Iranian rial has, as economists say, “gone through...  
  • Watermelon Exports  Exceed $100m
    Iran exported 569,974 tons of watermelon worth $106.42 million during the first five months of the current fiscal year (March 21-Aug. 22), latest data released by the Islamic Republic of Iran...
  • CBI: Currency Inflow Growing Steadily
    Governor of the Central Bank of Iran said on Saturday that since his bank allowed the import of hard currency by money exchange houses and other legal and natural persons, the inflow has been...
  • Support for  Forex Measures
    The head of Competition Council welcomed efforts made by the Central Bank of Iran to stabilize the currency market, saying CBI has taken positive measures to improve the conditions under the...
  • Trade With Oman Rises 126%
    Iran traded 1.36 million tons of non-oil commodities worth $659.80 million with Oman during the first five months of the current fiscal year (March 21-Aug. 22). This registers a 53.71% and 126.6%...
  • US Pressuring German Firms ‘Daily’ Over Iran Sanctions
    Washington’s ambassador in Berlin has been pressuring German firms “daily” to comply with American...
  • Gov’t Buys 4% More Fresh Tea Leaves
    Around 101,000 tons of fresh tea leaves worth 2.01 trillion rials ($17.1 million) have been purchased from local farmers since the beginning of the current Iranian year on March 21, registering a 4...
  • Renovation of Mehrabad Airport Terminals by March 2020
    Renovation of terminals 1 and 2 of Tehran’s Mehrabad International Airport is expected to become complete by the end of the next fiscal year in March 2020. Mohammad Reza Zahmatkeshan, an official...
  • Iran and the Eurasian Economic Union signed a three-year provisional agreement on May 17 for the bloc to welcome Iran into the EEU Free Trade Zone.
    The Eurasian Economic Commission Council approved the roadmap to implement the interim agreement...
  • Tehran’s Ice Cream, Fruit Juice Sales Decline
    The first half of the year is the high season for ice cream and fruit juice shops, which witnesses high sales. “However, sales during the first six months of the current year (March 21-Sept. 22)...
  • Copper Concentrate Output Sees 12% Growth
    Major Iranian copper producers produced 488,859 tons of copper concentrate during the first five months of the current fiscal year (March 21-Aug. 22), which indicates a 12% growth compared with...
  • Blocked Iranian Travel Agencies Get Back Online
    Some 180 online hospitality agencies whose websites were blocked due to a judicial order are back online after the ICT Ministry censured the blockade as heavy-handed and wrong. Last week,...
  • ESCO Produces UIC60 Rails for First Time
    Esfahan Steel Company has produced 1,000 tons of UIC60 rails based on the latest international standards, the manager of the Rolling Engineering Department of ESCO said. “We were totally reliant on...
  • Instagram Testing Resharing Feature
    After years of resistance, Instagram is now testing a way for you to reshare posts from other accounts to...
  • Crypto Trading Continues to Decline Since CBI Ban
    Cryptocurrency transactions in Iran have significantly declined since April when a blanket ban came into effect.  As Sepehr Mohammadi, chairman of the Blockchain Association of Iran, pointed out...
  • Causes of Internal Migration
    Looking for a job and finding better employment were the main reasons behind internal migration in Iran in the last Iranian year (ended March 20, 2018) after “following family’s decision”. The...
  • India in Touch With All Stakeholders on Iran Sanctions
    Following fresh US sanctions on Iran over its nuclear program that puts the strategic Chabahar Port...
  • IRICA: Gold, Forex Imports Not Smuggling
    The import of foreign currency does not amount to smuggling and their import, as well as those of gold, is permitted without restriction, a directive issued to all customs offices across the...
  • Arrest Over Afghan Forex Smuggling
    A man has been arrested for smuggling $38,000 from Afghanistan to Iran, an Afghan official said on Tuesday. The cash was being carried to the neighboring country in a cement truck, said Jelani...
  • Chocolate Imports at $1.11m in  Four Months
    More than 296 tons of chocolate worth $1.11 million were imported into Iran during the first four months of the current Iranian year (March 21-July 22), data released by the Islamic Republic of...
  • TEDPIX Loses Gains
    Tehran Stock Exchange’s main index lost 157,328.7 points or 0.47% on Tuesday to end trading in last week at 157,328.7. About 3.61 billion shares valued at $81.86 million changed hands at TSE for...
  • Housing Uptrend Continues
    Iran's housing and construction sector registered a fourth consecutive positive growth rate during the quarter to June 21, the latest figures disclosed by the Central Bank of Iran show. According...
  • Google Defends Gmail Data Privacy Policy
    Alphabet Inc’s Google gave details about its policies for third-party Gmail add-ons but stopped...

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