Economy

Iran’s Indian-backed port of Chabahar, inaugurated months before the United States reimposed sanctions on the Islamic Republic, is where Asia and the Middle East’s multiple political conflicts…

Danhua Capital has invested in some of Silicon Valley’s most promising startups in areas like drones, artificial intelligence and cyber security. The venture capital firm is based just outside…

People drop and break their smartphones all the time, but a German engineering student named Philip Frenzel may have the solution to save everyone some time, money and unneeded stress.Spotted by…

Around 56% of the water consumed in Iran’s agriculture sector goes to waste due to improper usage, an advisor to deputy agriculture minister for water and soil affairs. “During the years before…

The number of movie theaters in Iran has grown by 82% to reach 415 over the past 10 years from the fiscal 2006-7 to 2016-17, the Statistical Center of Iran reported. 

In 2006-7,…

More than 200 industrial and production units were revived after receiving loans and special support during the three months ending June 21.

The revived units operate in the fields of…

Iran was elected a member of World Customs Organization’s Policy Commission during the 132nd session of WCO Council held in Brussels, Belgium, from June 28 to 30.

The country had…

More than 1,634 tons of windshield wipers worth close to $5 million were imported into Iran during the last fiscal year (March 2017-18), figures released by the Islamic Republic of Iran Customs…

First Vice President Es’haq Jahangiri communicated on June 27 the bylaw on the implementation of Clause 14 of the Budget Law for March 2018-19 concerning the Targeted Subsidies Law to…

The Financial Action Task Force decided once again to suspend its counter-measures against Iran and provide relief to the administration of President Hassan Rouhani, which has been strenuously…

The Iranian media have been reporting for the past week that changes in the economic team of President Hassan Rouhani’s administration are expected, after forex, gold coin and housing woes…

The Majlis Economic Commission has put in motion three plans to improve the country’s economic conditions, all of which concern the ailing banking system and will materialize in a matter of…

A high-level Iranian economic delegation met with top executives of Bank Sohar, Oman’s fourth largest bank by assets, in Muscat on Thursday to explore ways to step up bilateral ties. The meeting…

Tehran Stock Exchange’s main index gained 203.39 points or 0.18% on Saturday to end trading at 111,528.2.

About 1.19 billion shares valued at $70.44 million changed hands at TSE for the…

The three group-stage matches of Iran’s national football team, known as Team Melli, against Morocco, Spain and Portugal in 2018 FIFA World Cup Russia.

Iran’s world cup matches attracted…

Iran’s non-oil trade with Persian Gulf littoral states, namely the UAE, Iraq, Kuwait, Qatar, Bahrain and Saudi Arabia, amounted to $23.89 billion in the last Iranian year (ended March 20, 2018…

The average Producer Price Index in the 12 months ending June 21, which marks the end of the Iranian month of Khordad, increased by 12% compared with last year’s corresponding period, the latest…

US Ambassador to the United Nations Nikki Haley on June 27 told India’s Prime Minister Narendra Modi that Washington would back his country’s plan to develop the Iranian seaport of Chabahar to…

Given the recent fluctuations in the auto market as the US prepares to reimpose sanctions against Iran, various executive entities in the country have outlined plans to undo a portion of the…

General Motors Co warned on Friday that higher tariffs on imported vehicles under consideration by the Trump administration could cost jobs and lead to “a smaller GM” while isolating US…

The government and the Central Bank of Iran have made good progress and will soon implement a previously-announced and much-anticipated multilateral debt swap agreement that will see the…

Ratings agency Capital Intelligence Ratings (CI Ratings) says in a recent report on Iran’s insurance industry that growth in premiums has looked strong in the nominal view in recent years, but…

Based on a joint scheme launched by the Security and Exchange Organization and the Central Bank of Iran, gold coin presale bonds can be traded in the bourse from Sunday, which can also be sold…

Former Bank Melli CEO and president of Central Insurance of Iran, Abdolnasser Hemmati, chaired a board of directors’ meeting of Asian Reinsurance Corporation in Bangkok, Thailand, on Friday.…

More than 137,580 tons of fish and seafood products worth $507 million were exported from Iran during the last fiscal year (March 2017-18), showing a rise of 24% and 22% in weight and value…