Economy

Iran’s non-oil trade with South Korea in the last fiscal year (ended March 20) stood at $8.09 billion, registering an increase of 27.77% compared to the year before. South Korea was Iran’s third…

As per an agreement between Iranian and Iraqi customs officials, 12 Iranian commodities exported to the neighboring country will be exempt from Iraqi standards control inspections, the head of…

Mineral explorations are currently underway in areas spanning over 250,000 square kilometers in Sistan-Baluchestan, Kerman and Kurdestan provinces, the chairman of Iranian Mines and Mining…

Banks and credit institutions provided the industrial and mining sector with 1.51 quadrillion rials ($36 billion) worth of loans in the last fiscal year's first 11 months (March 21, 2017-Feb. 19…

Iran exported more than 60.2 million tons of mineral products worth over $8.9 billion in the last fiscal year (ended March 20, 2018), down 7.8% in tonnage and up 3.2% in value compared to the…

Tehran Stock Exchange’s main index lost 299.44 points or 0.31% on Sunday compared to the day before to end trade at 95,987.6.

About 503 million shares valued at $22.55 million changed…

Telecoms Minister Mohammad Javad Azari Jahromi took to Instagram to give ear to the growing concerns of the public regarding the proposed ban on Telegram, the popular communications app with…

A two-year study of Android security updates by Security Research Labs has revealed a distressing gap between the software patches Android companies claim to have on their devices and the ones…

At the recent Sega Festival 2018 event in Tokyo, Sega unveiled the new palm-sized Mega Drive Mini with plans to release it later this year. Released in the US as the Sega Genesis, the Mega Drive…

The absence of a credible payment mechanism remains the major irritant in Iran-Pakistan trade.

Buying activity in the Iranian export market for steel billet was muted in the week that ended on April 11 amid reduced demand for finished steel products in customers’ markets as well as…

The 10th International Exhibition of Yazd Textile Industry is scheduled to be held from May 8 to 11 in the city of Yazd in central Iran. Textile machinery and products, leather, apparel and…

The Supreme Labor Council late Wednesday announced wage rise rates for the new Iranian year that began on March 21. 

Iranians renting homes may be exposed to higher than expected increases in rent prices, as supply and demand are imbalanced, the first deputy of the Tehran Association of Realtors said. “The…

Lack of banking ties is a major issue concerning Iran’s relations with Sweden as it is with most other countries.

According to a senior member of Tehran Chamber of Commerce, Industries,…

An Iranian delegation was in Uruguay earlier this week to participate in a bilateral trade conference and improvement of banking relations was at the forefront of prerequisites for expanding…

Islamic Republic of Iran Customs Administration's latest report shows China remains Iran’s top trading partner.

Iran’s non-oil trade with the East Asian country totaled $22.28 billion in…

About $970 million worth of textile products and apparel were exported from Iran in the last fiscal year that ended on March 20, 2018, to register an increase of 15% compared to the year before…

Some $104 million in foreign direct investment were signed into agreement to be invested in Markazi Province in western Iran in the last fiscal year (March 2017-18). 

Iran’s exports to Russia witnessed a 30% rise in 2017 compared to the year before to stand at $392 million, Iran’s commercial attaché to Russia announced.

Farhad Parand added that Iran…

Iran’s Minister for Roads and Urban Development Abbas Akhoundi expressed interest in exploring avenues available under the China-Pakistan Economic Corridor.

The minister is leading a…

Namibia said it is interested in working with Iran in the fields of agribusiness and agricultural production.

Namibia’s Deputy Prime Minister and Minister of International Relations…

Tehran Municipality submitted a bill to the city council on Wednesday, proposing a rise in bus and taxis fares. Mohammad Karroubi, secretary of Tehran City Council’s Transportation Commission,…

US trade negotiators have significantly softened their demands to increase regional automotive content under a reworked NAFTA trade pact in an effort to move more quickly toward a deal in the…

Holidays were truly over for Tehran’s stock market, as the last trading week came to a close on April 11. 

No more limited trade volume, lethargy in anticipation of political risks…