Economy

Iran traded $3.44 billion worth of non-oil goods with Germany during the last Iranian year (ended March 20, 2018), which was 20.51% more compared to the year before, making the European country…

Allocation of 7 trillion rials ($166.6 million) worth of bonds for completion of Line 7 has helped speed up the construction, Head of Tehran Urban and Suburban Railway Operation Company told…

Planned job cuts at carmaker Opel will save enough cash to meet owner PSA Group’s turnaround targets, the works council chief said on Friday, as Opel workers’ rejection of further concessions…

Tesla’s electric car sales will suffer due to increased competition from German automakers, according to J.P. Morgan. The firm reaffirmed its underweight rating on Tesla shares, citing the…

As a Swedish business delegation met with their Iranian counterparts at the Tehran Chamber of Commerce, Industries, Mines and Agriculture on Wednesday, the ambassador of the Scandinavian nation…

Lawmakers have revised regulations for the ownership of non-governmental banks and credit institutions, which will remove ambiguities surrounding the ownership of these entities in the past.…

Iran’s banking system is now preparing a new credit card scheme for supporting locally produced goods, following a previous plan that failed to take off.

It is too soon to pass judgment on the administration’s decision to fix the US dollar’s exchange rate at 42,000 rials, the deputy economy minister for banking and insurance said. Abdolrahman…

The government’s total revenues and spending in the last Iranian year (ended March 20, 2018) stood at 3,200 trillion rials ($76.19 billion), registering a 13% rise compared with the year before…

Around 24.45 million passengers were transported by Iran’s railroads in the last Iranian year (March 2017-18), showing a 6.3% rise compared with the previous year, the deputy for passenger…

More than 480 tons of erasers worth over 46.8 billion rials ($1.42 million) were imported into Iran during the 11 months to Feb. 19, based on figures released by the Islamic Republic of Iran…

The heavy frost that set in around a week ago inflicted extensive damage to orchards across 17 Iranian provinces, according to Mohammad Ali Tahmasebi, deputy agricultural minister for…

Iran’s non-oil commercial exchanges with Turkey totaled $7.18 billion in the last Iranian year (March 2017-18), growing by 20.01% compared to the year before, the Islamic Republic of Iran…

About 50 female pilots are to take part in Iran Air’s upcoming recruitment exam, Iran Air’s chief executive said.  “Not all of the female applicants are eligible to operate passenger…

Coming out of a relatively good year, Tehran stocks had a tumultuous month ridden with ambiguities in the first month of the new fiscal year, Farvardin (March 21-April 20).

TSE’s main…

A ferrochrome plant with a 60,000-ton per year capacity was inaugurated in Kerman Province’s Rafsanjan Special Economic Zone on Thursday. 

Launched in the fiscal 2014-15, the…

Iran’s two major coal production companies had a total output of 675,808 tons of coal concentrates in the last fiscal year (ended March 20, 2018), indicating a 12% rise year-on-year, the Iranian…

Iran’s largest holding, the financially troubled Social Security Investment Company, also known by its Persian acronym Shasta, has called on the government to help finance several…

Flat steel import trade in Iran has been almost non-existent in the past several weeks, because of currency exchange rate issues.

One of the major concerns for traders selling material…

Chinese e-commerce firm Alibaba Group Holding Ltd has acquired Chinese chipmaker Hangzhou C-SKY Microsystems to underpin its cloud-based “Internet of things” (IoT) business, an Alibaba…

Iran ICT Guild Organization has announced the dates for the 24th International Exhibition of Electronics, Computer and E-Commerce (Elecomp 2018) to be held in Tehran International Fairground.…

Iran's Imam Khomeini Airport Company plans to hold an international tender to select qualified contractor to develop the first phase of a new airport passenger terminal (named Iranshahr) and…

More than 945 tons of nails worth 61.7 billion rials ($1.81 million) were imported into Iran during the last Iranian year (March 2017-10), figures released by the Islamic Republic of Iran…

Iran’s official apparel imports in the last Iranian year (March 2017-18) stood at around $59 million, while statistics from the International Trade Center suggests apparel entering the country…

Iran traded $4.98 billion worth of non-oil goods with India during the last Iranian year (ended March 20, 2018), which is 5.13% higher compared to the year before, making the South Asian country…