Economy

More than 344 tons of mechanical pencils worth close to $3.7 million were imported into Iran during the last Iranian year (March 2017-18), figures released by the Islamic Republic of Iran…

Discounts of up to 70% will be offered on export tariff to help boost exports through Iranian northern ports, the deputy head of Ports and Maritime Organization said.

Iran Civil Aviation Organization has signed a memorandum of understanding with the Civil Aviation Directorate of Serbia on expansion of flights between the two countries, Iran’s Ministry of…

Iran National Tax Administration has announced details of the government’s initiative to levy taxes on people purchasing high amounts of foreign currencies and gold coins as investments,…

Iran’s Bank of Industry and Mine is financing 143 national projects that can generate more than 30,000 direct jobs.  “The bank is providing 370 trillion rials [$8,809 million] in funds…

Iran has proposed to integrate its bank card switch with Georgia in a move aimed at boosting tourism revenues for the two countries.

The proposal was made by Iran’s Minister of Economic…

The government has finally consented to allow open market exchange rates for certain import transactions and markets reacted positively to the news, as the bull run in the foreign exchange and…

The unilateral sanctions the US is anticipated to reimpose on Iran in August and November have made the situation worse for India, as oil imports from Tehran are expected to become more…

Iran Chamber of Commerce, Industries, Mines and Agriculture and Iran’s Small Industries and Industrial Parks Organization signed a memorandum of understanding to implement the Iran…

The 27th International Exhibition of Home Furniture, known as HOFEX 2018, is scheduled to open at Tehran’s International Fairground on August 15. The four-day exhibition, considered to be the…

Bulls are reigning over Tehran equity markets just as foreign exchange, gold, housing and stock markets have all recorded unprecedented gains.

Recent changes in government forex policy…

Iranian car importers have run into an insurmountable brick wall, facing a total ban as per a directive signed on June 20 by the industries minister and officially announced two days later.…

Iran exported 3.3 billion cubic meters of natural gas in the first quarter of the current fiscal year (March 21-June 21), up 9% from the same period of last year, thanks to higher supplies from…

As part of SAIPA's extensive presale launched last week, the company offered a limited number of Kia Ceratos assembled in Iran, all of which were sold out in a few hours. The company's presale…

The European Union will respond to any US move to raise tariffs on cars made in the bloc, a senior European Commission official said, the latest comments in an escalating trade row.

Uber was to argue in court on Monday that it is “fit and proper” to operate in London, after regulators stripped it of a license last year that could halt its presence in the British capital.

About 63 trillion rials ($1.49 billion) worth of unpaid tax were identified in the last Iranian year (ended March 20, 2018) as a result of a new scheme to monitor dubious bank transactions, the…

As gold coin prices are skyrocketing, the Central Bank of Iran has reached an agreement with the capital market on implementing the latest scheme aimed at controlling the bull run.

Governor of the Central Bank of Iran Valiollah Seif has pledged greater support for domestic tourism, after a call from the Leader of Islamic Revolution Ayatollah Seyyed Ali Khamenei to help…

Foreign Minister Mohammad Javad Zarif assured the business community that the future of the Joint Comprehensive Plan of Action–the formal name of the nuclear deal Iran signed with world powers…

The government has banned the import of 1,339 commodities categorized as “non-essential goods with domestic counterparts”. 

The 18th International Exhibition of Building and Construction Industry is scheduled to open at Tehran’s International Fairground on August 6.

Organized by Iran’s Chamber of Cooperatives…

More than 2,890 tons of beverage cans worth more than $21 million were imported during the last Iranian year (March 2017-18), based on the figures released by the Islamic Republic of Iran…

A silo with a capacity of 40,000 tons of grains was unveiled on Saturday in Tehran’s southeastern Pakdasht County in the presence of Mohammad Baqer Nobakht, vice president and the head of Plan…

Iran Technical and Vocational Training Organization affiliated to the Ministry of Cooperatives, Labor and Social Welfare plans to sign a memorandum of understating with Fachhochschule des…