Economy

Stagnation afflicts bottled and mineral water industry due to problems of procuring packaging material and 30% to 40% of the country’s related are on the brink of closing down, the secretary of…

Cases of livestock infections causing zoonotic diseases such as rabies, brucellosis, anthrax, foot and mouth disease and lumpy skin disease fell by 38% during the first four months of the…

A private company in Kurdestan Province will build a fruit processing factory in Marivan County.  “Around 3.5 trillion rials (more than $43.75 million) will be invested into the project,”…

The Ministry of Roads and Urban Development’s debts to contractors have amounted to 187 trillion rials ($1.96 billion), a deputy roads minister said.  “Mechanisms suggested in the budget…

An Australian teenager has pleaded guilty to hacking into the main computer network of technology giant Apple Inc, downloading big internal files and accessing customer accounts, because he was…

Iranian knowledge-based firms are set to be granted a 4% discount on customs duties when bringing goods into the country.

Unperturbed by the current economic volatility that Iran is grappling with, the ICT minister envisions a bright prospects for local startups saying he still believes that at least five Iranian…

The average price of renting a residential unit in Tehran jumped significantly on a year-on-year basis in the first quarter of the current Iranian year (March 21-June 21), a report by the…

About 1.77 billion transactions worth 2.03 quadrillion rials ($48.33 billion) were transacted by Shaparak, Iran’s payment settlements network, during the fourth month of the current fiscal year…

Central Bank of Iran's Governor Abdolnasser Hemmati said the regulator's policy under his watch continues to be non-intervention in the foreign exchange market.

"We have said repeatedly…

A bill is under review by parliamentary committees to boost the gold jewelry sector by exempting domestic producers from a 9% value-added tax on sales, the head of Gold and Jewelry Union said.…

Close to 89,220 tons of different kinds of dates worth more than $102 million were exported from Iran to 69 countries during the first four months of the current Iranian year (March 21-July 22…

Tehran is one of the top five cities in the world to have improved by 5 percentage points or more in livability over the past five years, according to the Economist Intelligence Unit. 

More than 875 tons of potato seeds worth $1.63 million were imported into Iran from five countries during the last Iranian year (March 2017-18), data released by the Islamic Republic of Iran…

Iran exported 88,940 tons of Persian melons worth $34.43 million during the first four months of the current fiscal year (March 21-July 22), the Islamic Republic of Iran Customs Administration’s…

Iran Airports & Air Navigation Company, an arm of the Ministry of Roads and Urban Development, has purchased €81.38 million worth of airport equipment since the nuclear deal was signed…

Iran traded 455,922 tons of non-oil commodities worth $326.43 million with Taiwan during the first four months of the current fiscal year (March 21-July 22), registering a 19.31% and 7.57%…

Iran’s major aluminum companies produced an aggregate of 121,909 tons of aluminum products during the first four months of the current fiscal year (March 21-July 22), which indicate an 11%…

The new forex initiative has only managed to fix major policy mistakes of the past two quarters, which is not enough to control profiteering in the foreign exchange market.

The above…

Of the nearly 20,000 physicians registered with the Tax Administration of Tehran Province, only 11,000 have filed their tax returns for the last fiscal year (ended March 20, 2018), director of…

The government is set to clear part of its debt to Social Security Organization by issuing 12 trillion rials ($150 million) of equity-based Ijarah sukuk on the capital market.

The three-…

Tehran Stock Exchange’s main index TEDPIX lost 389.50 points or 0.45% during the week that ended October 4 to end at 85,429.5.

The main index of the smaller over-the-counter exchange…

Germany’s plastics and rubber machinery trade association, VDMA, has highlighted the importance of Iranian market ahead of the Iranplast trade show to be held in Tehran on Sept. 24-27.

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Since the beginning of the current fiscal that started in March, Iran’s largest auto manufacturer, Iran Khodro has sold and presold 274,000 cars.

Since March, the value of the rial has…

The South Korean government has said it will ban about 20,000 BMWs from its streets after a spate of the vehicles catching fire. The ban will apply to cars which have not yet been sent to BMW…