Economy

Brazil is among top exporters of basic agricultural products to Iran with the country purchasing about $780 million worth of corn, $565 million worth of meat and $280 million of sugar from the…

Following a government directive barring imports of vehicles into Iran, authorities with Consumer and Producer Protection Organization have announced that pre-selling such vehicles is also…

The Tesla Model Y is on track for a March debut, Elon Musk confirmed in a Friday interview. The Tesla CEO said the upcoming sports utility vehicle, set to offer a cheaper alternative to the…

Owning a 3.4% share of Iran’s auto market, the country’s second-largest private automotive company Kerman Khodro has acquired the required permits for launching an initial public offering on…

The total volume of liquidity reached 15.3 quadrillion rials ($354.24 billion) by the end of the previous fiscal year on March 20, 2018, latest data released by the Central Bank of Iran show.

Japanese banks are moving to stop handling all Iran-related transactions to meet a November deadline set by the United States, after president, Donald Trump, in May pulled out of the nuclear…

The Central Bank of Iran has sent a directive to the banking system announcing that fees levied on payments made through mobile phones have been eliminated, in what can be interpreted as a blow…

Maskan Investment Group, the parent company of Bank Maskan, has outlined the group’s new policy in line with the bank’s efforts to spur the housing market.  Iran’s property market has been…

More than 1,180 tons of biscuits worth around $3.7 million were imported into Iran during the last Iranian year (March 2017-18), data released by the Islamic Republic of Iran Customs…

The last time the country experienced a rise in retail bread price was in November 2014. 

Around 1.2 million tons of different kinds of dates were produced in Iran in the last Iranian year (March 2017-18), more than 181,000 tons of which were exported, Tehran Chamber of Commerce,…

The United States has rejected a French request for waivers for its companies operating in Iran that Paris sought after US President Donald Trump imposed sanctions on the Islamic Republic,…

More than 2 million tons of sugar were produced in Iran in the last Iranian year (ended March 20, 2018) to set a record over the last 123 years, the secretary of Iran’s Sugar and Sugar Cube…

Comatose for most of the week, Tehran stocks took a hit on Wednesday as the prospect of a full-scale global trade war drove panicked investors into a selloff.

A heavyweight petrochemical…

A new terminal at Jahrom Airport in the southern Fars Province is under construction, which is expected to become operational in the spring of the fiscal March 2020-21, the director general of…

Fresh fruits registered the highest year-on-year inflation rate of 52.3% over the year ending July 6 while pulses had the lowest inflation rate of 1.2%.

The Islamic City Council of Tehran approved on Tuesday a measure that increases the costs of burial plots at Behesht-e Zahra, the largest cemetery in Iran located in southern Tehran. 

A huge number of Afghan immigrants and refugees have begun to leave Iran due to the recent decline in the value of the Iranian national currency, arguing that it’s no more cost-efficient to work…

In what is being seen as an assurance to Iran, India on Thursday said it is moving with “speed and skill” on the Chabahar Port project and said it was “committed to the development” of the port…

Jeff Bezos’ rocket company plans to charge passengers about $200,000 to $300,000 for its first trips into space next year, two people familiar with its plans told Reuters.

Urmia Municipality and major Iranian mobile operator MTN-Irancell have signed a contract to launch an optical fiber project, as part of a scheme to turn the northwestern city of Urmia into a…

In light of the current blackouts resulting from a seasonal shortage of electricity and an urgent need to implement crisis management policies, various state bodies have made due gestures so as…

Petrochemical firms have presented $1.5 billion of their export earnings to the market in the past two months at the unified rate of 42,000 rials, a guild official announced. 

Ahmad…

Bank Maskan CEO Abolqasem Rahimi Anaraki announced plans to revitalize the housing sector by helping balance supply and demand. “Our studies show a large number of residential units on offer in…

A senior Central Bank of Iran official said the bank is conducting studies to "revise" interest rates in the banking system.