Economy

Iran’s unemployment rate in the fourth quarter of the last fiscal year (Dec. 22, 2017-March 20) stood at 12.1%, registering a 0.4% drop compared with the same period of the year before and a 0.2…

With 23 million head of livestock, Iranian nomads produce 200,000 tons of red meat and 350,000 tons of dairy products annually, the head of Nomadic Affairs Organization said. 

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Foreign investors injected $11.5 million in industrial projects in Khorasan Razavi Province in the last Iranian year (March 2017-18), the managing director of Khorasan Industrial Estates Company…

About 13.5 million tons of wheat are estimated to be produced in the country during the current Iranian year (started March 21), the deputy agriculture minister for agronomical affairs said.…

A total of $2.89 billion worth of auto parts, excluding tires, were imported during the last fiscal year (March 2017-18), more than any other commodity shipped into Iran during the period,…

The dredging project of the container berth of Bushehr’s Negin Island has started with an initial investment of 210 billion rials ($5 million) to allow the docking of 50,000-ton vessels,…

Governor of the Central Bank of Iran Valiollah Seif said the drastic decision by the government to unify the US dollar’s rate does not mean that a fixed exchange rate system would be at work, as…

When the Central Bank of Iran abruptly announced the unification of the US dollar's exchange rate from Tuesday, the gold market reacted swiftly and prices declined.  

 The Central Bank of Iran’s policy to cap bank interest rates at 15% effectively changed the composition of deposit contracts signed with financial institutions.

Minister of Industries, Mining and Trade Mohammad Shariatmadari said since most of Iran’s trade is conducted in euro, the country is prepared to make a shift toward the European currency.…

The average age of Iran’s passenger wagons decreased by 22% to 28.5 years in the last fiscal (March 2017-18) from 36.9 years in the previous year, CEO of Raja Railway Transport Company, Mohammad…

A lot of industries may be struggling in Iran, but steel is not one of them, as the country's mills ended last fiscal year (on March 20, 2018) with solid growth in exports.

Tehran Stock Exchange’s main index lost 460.95 points or 0.48% on Wednesday compared to the day before to end trade at 96,287.1.

About 958 million shares valued at $49.36 million changed…

On its heavily-fortified border with the Islamic Republic of Iran, Armenia is developing a new strategy to overcome decades of economic isolation.

However, slightly to the east, on its…

Vehicles that fail to earn a technical inspection certificate and are used for commute can be fined in Iran. The total fines collected in Tehran over the matter amounted to 2.13 billion rials ($…

After meeting with Senegalese President Macky Sall in Dakar, Iran’s Foreign Minister Mohammad Javad Zarif said automotive ties between the two countries will be bolstered.

Accompanied by…

Volkswagen plans to replace CEO Matthias Mueller as the German automaker takes another step to move past the lingering effects of its 2015 diesel emissions scandal, according to sources familiar…

France is entitled to bring criminal proceedings against local managers of ride-hailing app Uber for running an illegal taxi service, the EU top court ruled on Tuesday, dealing the Silicon…

A 16-member delegation of Rice Exporters Association of Pakistan has left for Iran to explore trade and investment opportunities in general and enhance rice export to the neighboring country in…

Iran has listed the commodities that should be prioritized for export to neighboring Iraq.

Iran and Uzbekistan are currently in talks to revise or remove import/export tariffs in bilateral trade, a deputy minister of industries, mining and trade said in a joint business forum held in…

More than 3.5 million tons of goods were loaded and unloaded at Kish Port located in the southern Hormozgan Province in the last Iranian year (March 2017-18), which shows a 68% rise compared…

About $2 billion worth of non-oil goods were exported from East Azarbaijan Province during the 11 months to Feb. 19, registering an 8.6% increase compared with last year’s corresponding period,…

The first edition of an international event dubbed “Iran Jobex” is slated to run from April 25 to 28 at Tehran’s International Fairground.

Iran has proposed conducting a project with Russian Railways to electrify a 3,000-kilometer railroad that might cost up to €3 billion ($3.7 billion), the company’s First Deputy CEO Alexander…