Economy

While officials claim that cellphone prices have dropped sharply, market observers dismiss the assertion saying that prices remain high.

Officials at the Telecoms Ministry in Tehran have…

A knowledge-based company located in Pardis Technology Park has obtained permits to produce anesthesia machines. CEO of Premier Electro Medical Care Company says his firm has received the…

Months after a meeting between Iran’s Leader Ayatollah Seyyed Ali Khamenei and Russian President Vladimir Putin in Tehran spurred officials and lawmakers to sideline the US dollar in Iran’s…

Talking about statistics, almost all economists promptly think of advanced econometric analysis and prediction of nonlinear relations in an uncertain atmosphere or recognition of important…

Rial continued its gain against the US dollar in Tehran's foreign exchange market, as the Central Bank of Iran pushed through with its rescue package to stabilize the currency that had lost a…

Iranian President Hassan Rouhani’s recent state visit to India has strengthened the prospects of India-Iran relations and raised India’s profile in the region.

Indian Prime Minister…

President Hassan Rouhani is scheduled to break ground on Phase 3 of Shahid Rajaee Port, Iran’s biggest container port at the mouth of the Strait of Hormuz in southern Hormozgan Province on…

The average goods and services Consumer Price Index for urban areas in the 12 months ending Feb. 19, which marks the end of the Iranian month of Bahman, increased by 9.9% compared with last year…

The Iranians’ overall declining purchasing power and excessive imports have pushed the Iranian textile industry into recession in recent years, the chairman of Tehran’s Wholesalers and Textile…

The Islamic Republic of Iran Customs Administration has allowed the pre-arrival declaration of imported commodities in Shahid Bahonar Customs Terminal of Bandar Abbas in the southern Hormozgan…

Members of parliament have set the highest increase in salaries for public sector employees in the next fiscal year (starting March 21) at 20%.

Tehran Stock Exchange’s main index gained 19.60 points or 0.02% to end Saturday trade at 98,176.9.

About 1.38 billion shares valued at $129 million changed hands at TSE for the day.

Iran is working to curb its trade ties with the UAE, replacing its traditional hub for trade activities, Dubai, with Doha in Qatar and Muscat in Oman. 

Iran’s exports to Thailand and Indonesia, crude oil excluded, registered the highest growth compared to other export destinations during the first 10 months of the current fiscal year (March 21…

Iran’s coated steel strip output reached a record 1.26 million tons in the first 10 months of the Iranian year to Jan. 20, up 42% from the same period of a year earlier, a recent report…

Iranian export billet prices went up by $5-15 per ton on an FOB basis in the week that ended Feb. 21 with higher offers being accepted by customers.

Metal Bulletin’s weekly price…

Nissan Motor Co is taking its first steps to becoming an operator of autonomous vehicle services, hoping to break into a segment set to be dominated by Uber and other technology firms.

Reports from the SAIPA Group show that the second major local carmaker is mulling over alternatives to the production of Pride, the company’s cheapest model which is manufactured in Iran for…

Pars Khodro presold 7,500 Renault Sandero Stepway within 2.5 hours through its website this week, setting a new record in online auto presales.

Hurdles on the way of banking relations between Iran and China are still in place and affecting exports, the deputy director of Iranian Oil, Gas and Petrochemical Products Exporters Union said…

Knowledge-based firms received about 24.4 trillion rials ($540 million) in loans from banks and credit institutions in the first nine months of the current fiscal year to Dec. 21, the Central…

The Iranian government is increasingly paying more attention to expansion of new financial instruments, mainly through supporting fintechs and developing electronic banking.

The Financial Action Task Force has recognized measures taken by Iran to address its deficiencies and decided to renew the suspension of countermeasures until its next meeting in a…

A total of 533 permits were issued for mineral exploitation during the nine months to Dec. 21, 2017, creating 4,302 jobs, 76.6% more compared with last year’s corresponding period, the Ministry…

Stocks don’t have much going for them these days. The combined threats of rising interest rates, weakening growth in global commodity prices and lingering political risks have dented investors’…