Economy

When foreign exchange rates are unified, setting a fixed rate for it will be meaningless since foreign exchange rates, like any other commodity, are determined by supply and demand, a member of…

The rial was 37,800 to the dollar on Saturday, marking a 0.08% gain against the US currency compared with the previous day’s close, according to Tehran Gold and Jewelry Union's website. 

For International Financial Reporting Standards to truly take hold in Iran, they must be accorded significance on the national scale, the governor of the Central Bank of Iran said.

The government has purchased around 20,000 tons of oranges from Egypt, which will enter the country in the coming days, Deputy Agriculture Minister Ali Akbar Mehrfard said on Saturday. Stressing…

Iran’s non-oil trade during the 11 months of the current Iranian year (started March 20, 2016) amounted to $76.9 billion, indicating a 1.8% increase compared with the…

Rail networks of Iran and Afghanistan will be connected by March 2018 as part of the Khwaf-Herat route, according to an official with the Islamic Republic of Iran Railways.

Lawmakers in the Iranian Parliament approved on Saturday income tax exemption for civil servants who earn less than 20 million rials (about $530) a month. The decision was part of the parliament’s…

Russian Deputy Prime Minister Igor Shuvalov visited Iran last week to discuss a trade agreement between Moscow and Tehran.

During talks with Iranian Minister of Communications and…

CRRC Changchun Railway Vehicles Company will supply 100 subway cars for Metro Line 2 in Mashhad, the second-biggest city in Iran in May, the company told China Daily on Thursday.

The Central Securities Depository of Iran issued 12 new trading codes to foreign investors during the Iranian month of Bahman (ended February 18), bringing the total number of foreign investors in…

The Ministry of Economy has been given the go-ahead to sell up to 145 trillion rials ($3.8 billion) worth of short-term bonds, as parliament speaker, Ali Larijani, has criticized the sheer volume…

Thailand has secured a deal to sell rice to Iran for the first time in 10 years, with delivery of 50,000-100,000 tons of white rice due over the next 1-2 months.

Demand for imported hot rolled coils in Iran remained sluggish, as buyers still preferred locally-produced material, which is available at more attractive prices vis-a-vis the import duty. …

Tehran Stock Exchange’s main index gained 16.30 points or 0.02% to end Saturday trade at 77,863.5.

About 619 million shares valued at $37 million changed hands for the day.

Khazar…

Volkswagen Group’s provisions for its diesel-cheating scandal increased by 6.4 billion euros ($6.8 billion) last year, as the automaker continued to tally the damages from the worst business…

The Central Bank of Iran has released the government's income from taxes in the automotive sector for the nine-month period ending December 20, 2016.   

The data has been released…

Iran’s largest automaker Iran Khodro Group (IKCO) plans to open new plants in neighboring Azerbaijan following years of absence from neighboring CIS markets.

Alphabet Inc’s Waymo self-driving car unit sued Uber Technologies and its autonomous trucking subsidiary Otto on Thursday over allegations of theft of its confidential and proprietary sensor…

Some $500 million worth of carpets were exported from Iran during the 10 months to January 19, according to the deputy minister of industries, mining and trade.

"Hand-woven carpets account…

The Cabinet has made decisions concerning reinsurance and debts owed to the Oil Stabilization Fund among other things in their latest meeting on Wednesday.

During a meeting presided by…

With the expansion of transactions in the international banking system and establishment of correspondent relations, Bank Melli Iran has registered a significant rise in a variety of banking…

After an eight-month delay, the annual meeting of the Central Bank of Iran will be held in a week.

The 56th annual meeting will convene on March 1 at the CBI headquarters with President…

A lawmaker has criticized automakers for offering high interests on their pre-sale contracts, saying that the gaping difference between auto contracts’ interests and banks’ deposit rates has…

After negotiations between the officials of Iranian and Malaysian central banks, the two countries agreed to integrate their bank card systems and discussed conducting business in local currencies…

Iran exported 10 million tons of cargo by rail during the 11 months to February 18, 2017, registering a 55% upsurge compared with last year’s corresponding period, the director of Transit…