Economy

Iran and Vietnam are going to cooperate on exchange of international postal money order through the International Financial System in Universal Postal Union.

The government will have spent 374 trillion rials ($9.87 billion) in development projects by the end of the current Iranian year (March 20, 2018), says government spokesperson, Mohammad Baqer…

Iranian insurers annually pay $3 billion as compensation for traffic collisions which, according to the Central Insurance of Iran, is very high and considered a national loss.   

As the bank interest rates’ cuts are a hot topic of discussion these days, the minister of industries, mining and trade has said cutting interest rates should not be forced and the resources of…

In its latest meeting on Wednesday, the Cabinet led by President Hassan Rouhani reviewed a report provided by the Central Bank of Iran on the situation of illegal credit institutions.

In…

The implementation of Iran’s nuclear accord with world powers in early 2016 bodes well for Bank Saderat Iran, as its foreign exchange services registered a significant annual increase.

A previously-promised nationwide online database of all residential units across the country is planned to become operational by the end of the current fiscal year (March 20, 2018), the head of…

A multilateral memorandum of understanding was signed on Wednesday to set up Iran’s first-ever apparel industrial park in cooperation with public, private and cooperatives sectors.

The…

Close to 460 tons of unshelled pistachio worth 223.5 billion rials ($5.9 million) were exported from Iran during the first month of the current fiscal year (March 21-April 20), according to the…

More than 5,770 tons of lentil worth 210.7 billion rials (over $5.56 million) were imported into Iran during the first month of the current Iranian year (March 21-April 20), according to the…

India is keen to rapidly develop Iran’s Chabahar Port, a strategic facility that New Delhi hopes will help expand trade with Afghanistan and energy-rich Central Asia by circumventing Pakistan.

Majlis Research Center has put forth eight proposals for the consideration of Foreign Ministry, including one for the revival of the economic department in the country’s diplomatic apparatus.…

The government has invested $1.5 billion in railroad projects ever since President Hassan Rouhani took office in August 2013, Saeed Mohammadzadeh, CEO of the Islamic Republic of Iran Railways,…

The second round of negotiations between Iran and Pakistan on a free trade agreement started in Islamabad on Tuesday and concluded on Wednesday.

A three-member delegation from Trade…

Malaysia exported RM748.1 million ($174.1 million) worth of palm oil to Iran during the five months of 2017, up 141.5% compared with last year’s corresponding period, Malaysian English-language…

Iran’s main heavy plate producer, Khuzestan Oxin Steel Company, is planning to increase its exports in the current Iranian year (started March 21) to around 10% of its overall output, the company’…

Tehran Stock Exchange’s main index gained 19.20 points or 0.02% to end Wednesday trade at 79,509.6.

Trading at TSE and Iran Fara Bourse starts on Saturday and ends on Wednesday.

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The government will invest about 15 trillion rials nearly $395.5 million) in agricultural mechanization in the current Iranian year (March 2017-18), 25% more compared with last year’s investment,…

Online trading at Iran’s capital market accounted for 29.09% and 21.42% of the total number of traded shares and trade value during the first quarter of current fiscal year (March 21-June 21. Over…

Iranian Oil Minister Bijan Namdar Zanganeh said the gas contract signed with energy major Total this month will be a technological milestone that will help Iran lift its gas production and revenue…

Iran’s largest automaker, Iran Khodro is set to introduce a face-lifted version of its popular sedan model the Tondar 90 along with three other new cars this week.

According to a press…

Amsterdam, not London, will be the first city to get Geely’s new electric black cabs after the firm that supplies cabs to the city agreed to buy 225 of the vehicles as part of the push to clean…

Data released on the production of vehicles have revealed that during the current Iranian year (started March 21), the rate of hybrid vehicles using compressed natural gas significantly declined…

South Korea will soon be able to emerge as a major provider of auto parts in Iran and other Asian countries where local players are having a difficult time meeting growth in the automobile market…

Ukrainian former president, Viktor Yushchenko, announced that his country intends to expand economic ties with Iran, for which a Ukrainian delegation is negotiating establishment of financial ties…