Economy

Iran is set to become a regular member of the International Organization of Securities Commissions in the next five to six months, the chairman of Securities and Exchange Organization announced.…

Iran exported more than 43.57 million tons of mineral products worth over $5.4 billion during the 10 months to Jan. 19, accounting for 15.3% of Iran’s total exports during the period.

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Russia’s United Wagon Company has signed a deal to supply 6,000 freight wagons to Iran within three years, of which 4,900 cars will be produced inside the Islamic Republic.

Pistachio trade kicked off at Iran Mercantile Exchange for the first time on Monday in a ceremony attended by IME chief, Hamed Soltani-Nejad, and Economy Minister Ali Tayyebnia.

IME’s…

Tehran Stock Exchange’s main index added 22.80 points or 0.03% to end Monday trade at 76,789.7.

More than 1 billion shares valued at $61.3 million changed hands for the day.

Sarma…

More than $2.3 billion worth of vehicles and auto parts were imported in the eleven months of the current fiscal that ends on March 20.

As has been the case for several years, China,…

Germany's Continental, commonly known for its quality tires, has signed a deal with Iran's Crouse Co. to set up a local auto parts production joint venture.

The two companies will produce…

The Ministry of Industries, Mining and Trade has released data on carmakers’ output during 11 months of the current fiscal that ends in March.

The largest company, Iran Khodro,…

Negin Khodro, the official dealership of imported Renault vehicles in Iran, released the final price of its new model of a luxury SUV. The price tag for the latest Koleos is 1.995 billion rials (€…

SAIPA unveiled a new small hatchback car called the ‘Quick’ on March 6 in Tehran. Several high profile officials were present at the unveiling event including Ali Larijani, Majlis Speaker and Head…

Lawmakers passed a measure on Sunday, based on which all banks must conduct their business under the watchful eye of the Supreme Audit Court.

All government-run entities are also required…

The Central Bank of Iran plans to print banknotes in smaller sizes, the director of CBI’s Office for Banknote Issuance said.

“CBI is also working on new designs for 50,000-rial and 100,000…

A group of Iranian fintech companies has formed Iran’s Fintech Association, soon after the Central Bank of Iran put forward the idea.

Nasser Hakimi, the director of CBI’s IT Department, had…

The economy ministers of Iran and France discussed expansion of relations between their central banks during a meeting in Tehran on Saturday.

The Iranian Parliament finalized on Sunday the budget for the new Iranian year that starts on March 21.  A total of 160 lawmakers voted in favor, 19 voted against and four MPs abstained to…

Close to 340 tons of citrus fruits worth over $135,300 were exported from Mazandaran Province during the 11 months to February 18, registering an 87% and 60% growth in tonnage and value…

Iran produces more than 1.18 million tons of different kinds of nuts every year, close to 800,000 tons of which are consumed domestically and the rest is exported, an official with the Ministry of…

Members of the Iranian Parliament killed their newly-passed bill on executive salaries on Saturday and once again referred their original proposal to the Guardians Council.

On Wednesday,…

The sixth five-year development plan stipulates that the total length of Iran’s freeways should reach 7,500 kilometers by 2022, which marks the end of the plan, the deputy for planning and…

About 90% of Iran’s agricultural products are cultivated on irrigated lands, according to deputy energy minister.

Lawmakers voted on Saturday for the government to earmark 375 trillion rials ($9.91 billion) for cash subsidies in the new Iranian year (to start March 21, 2017).

The sum is only sufficient…

Ssome 1.7 billion flower cuts as well as 2.2 million tons of vegetables will be produced in Iran by the end of the current Iranian year (March 20, 2017), registering close to a 31% and 25.2%…

The Supreme Labor Council agreed last week to determine the living wage and consider it as a base for setting the minimum wage next year.

The new Iranian year will begin on March 21, 2017…

Movie ticket prices will not rise in the new year (March 2017-18), said the head of Screening Guild Council, Homayoun Asadian. “Floating ticket prices will be piloted for screening some movies at…

Online food ordering industry in Iran has gone from strength to strength in recent years with the many baby boomers (those born during and after the revolution in 1979) falling in love with …