Economy

The Iraqi government has officially stepped back from its decision to increase the transit fees imposed on Iranian trucks crossing Mehran border terminal, according to Ilam Province governor-…

The government plans to increase revenues from non-oil exports, including the export of services, to $77 billion by the end of the current Iranian calendar year (started March 21), deputy…

Iranian and Indonesian officials during Iran-Indonesia 11th economic cooperation meeting, which was held in Tehran, called for promotion of bilateral banking, business and investment relations,…

Representatives from 25 countries, including England, Austria, Italy, Germany, Switzerland, France, Japan, China, India, South Korea and the UAE, will participate in Agrofood 2015 Exhibition,…

Renault is hoping to succeed where its alliance partner, Nissan, has stumbled with Datsun by introducing a cheap new hatchback in India with upscale features to challenge the dominance of domestic…

Renault has said it might rethink its investment in Turkey if a labor dispute, which has stopped production at its joint venture Oyak Renault, brings instability, Zaman News reported.…

Mazda, Mitsubishi and Subaru maker said on Friday they would recall about 715,000 more cars equipped with airbag inflators made by parts supplier Takata Corporation, Reuters reported. The recalls…

According to the minister of industry, mine, and trade, the preliminary examinations have been carried out to set up a joint industrial complex with Turkey in East or West Azarbaijan Province,…

Experts believe the housing market, hit by the recession over the past two years, will eventually receive an impetus, as the Money and Credit Council raised the mortgage ceiling on May 19.

I ran’s financial services are struggling to make a profit with brokers having seen their margins fall due to low trading volume. The government has recently stepped in but its involvement is…

Capital market experts have discussed the structure of the newly-established “construction funds” in a gathering held in Tehran at the initiative of Lotus Parsian Investment Bank, the Securities…

While there is ample evidence that banks play favorites when it comes to granting loans to customers, this may not fully explain the scarcity of loans for most applicants in desperate need of…

About 10,000 billion rials (about $360 million based on the official exchange rate) has been allocated to support the agriculture sector, ISNA quoted Agriculture Minister Mahmoud Hojati as saying…

In a meeting held in the Russian capital Moscow, Iranian and Russian foreign ministry officials have finalized a consular cooperation treaty in a bid to expand bilateral relations pertaining to…

The east-central Kerman Province accounts for about 50 percent of Iran’s date exports, IRNA quoted head of Karman’s Date Association, Mohesen Rashidfarrokhi, as saying.

Years of sanctions imposed on Iran over its nuclear energy program have restricted the country’s trade with the international community.

Although imports from India have experienced ups and downs over the past four years, exports to the country have remained more or less the same.

With an average $2.4 billion, India comes…

In its latest report on the global economic outlook in 2015-2016, the United Nations has predicted the inflation rate in Iran to reach 14% by the end of 2015, and 12% by the end of 2016. The…

Iranian and Afghan officials have signed a memorandum of understanding  on road cooperation to facilitate transportation between the two neighboring countries.  The deal was signed by…

According to the head of the Iranian Mining Engineering Organization, more than 80% of mines with more than 25 workers lack independent safety officers, which is in violation of safety regulations…

The country's biggest glass production line was inaugurated by President Hassan Rouhani in the northwestern industrial city of Tabriz on Thursday, IRNA reported.

 More than 3,743 million securities changed hands worth around $807 million at Iran Fara Bourse during the month that ended May 21, IFB public relations reported.

While only €14 million out of the €1.8-billion finance pledged by China has so far been injected into the major national steel plants, known as the Seven Provincial Steel Projects, many experts…

More than 512,300 metric tons of commodities valued at about $211 million were traded at the Iran Mercantile Exchange’s spot market in the week ended May 20, indicating nearly 36% and 23% increase…

The Tehran Stock Exchange overall index wrapped up the week after a bumpy ride with tiny gains, however, intensifying tensions in the region, ambiguities sorrounding the lingering sanctions over…