Economy

Iran is set to boost collaborations with the World Intellectual Property Organization. The matter was discussed in a meeting between Iran’s Vice President for Science and Technology Sorena…

Businesspeople that have validated their purchase orders are allowed to directly purchase their required foreign currencies from certified exchange shops through Nima, the Central Bank of Iran's…

The Money and Credit Council approved the Central Bank of Iran’s proposals demanding a more stringent oversight of credit institutions and amendments to administrative procedures related to…

While Germany’s big banks are studiously avoiding Iran-related deals for fear of US reprisals, six credit unions, or Volksbanken, from southern Germany appear unafraid and are continuing to…

The third month of the current fiscal year (May 22-June 21) will witness 19 government-owned assets worth more than $109 million put up for sale both via capital market and tenders. The sales…

Iran Mercantile Exchange launched saffron futures trading for the first time on Wednesday to develop the market for derivatives with new underlying assets.

The futures' expiration date…

Tehran's stock market is no stranger to systematic risk stemming from political turbulence.

Tehran Stock Exchange’s main index gained 215.16 points or 0.23% on Wednesday to end trading at 95,445.1.

About 849 million shares valued at $45.80 million changed hands at TSE for the…

More than 318 tons of analogue wall clocks worth close to 38.2 billion rials ($1.1 million) were imported during the last Iranian year (March 2017-18), figures released by the Islamic Republic…

The average goods and services Consumer Price Index in Iran during the 12-month period ending May 21, which marks the end of the Iranian month of Ordibehesht, increased by 8% compared with last…

Around 39,446 tons of tea leaves were purchased by the government from local farmers at 964 billion rials ($22.95 million) during the spring harvest of the crop, registering a 6% decline…

Hormozgan Province has exported four fiberglass cargo and fishing launches to countries with a coastline on the southern side of the Persian Gulf in the past six months, the director general of…

Iran traded $485.60 million worth of non-oil goods with Hong Kong in the last Iranian year (ended March 20, 2018), marking a 20.72% decline compared to the year before. 

This made…

A total of 740 trillion rials ($17.61 billion) in cheap loans will be allocated for industrial renovation and retrofitting incomplete projects in the current fiscal year (March 2018-19), an…

A total of 4,140 cooperatives were established in Iran during the last fiscal year (March 2017-18), which created 68,000 jobs, a deputy minister of cooperatives, labor and social welfare said.…

Authorities are set to ratify new car prices for models costing under 450 million rials ($10,700) in the early days of June.

Head of the Competition Council Reza Shiva said on Tuesday…

Iran’s largest carmaker, Iran Khodro, is set to export 6,000 cars equipped with automatic transmission to Iraq, during the current fiscal which ends in March 2019.

Uber Technologies plans to launch its first taxi-hailing pilot service in Japan that will connect passengers to other taxi providers, as it seeks to expand in the country where the US firm has…

Tesla Inc’s Chief Executive Officer Elon Musk admitted on Monday there was a braking issue with the Model 3 sedan, pointed out by Consumer Reports, and said it can be fixed with a firmware…

A senior member of Majlis Article 90 Commission presented the latest report on the state of non-performing loans of Iran's banking system in Tuesday's open session, which painted a highly…

Premium rates on travel insurance have increased by as much as 25% on the back of a recent slide in rial’s value against the dollar. While the insurance industry receives dollar at the rate of…

Two days after the Central Bank of Iran issued a statement against the recent blacklisting of its governor, the Ministry of Economic and Finance Affairs has made a similar move, calling the…

As lawmakers discussed the amendment bill related to Iran’s Law of Combating the Financing of Terrorism, disagreements over certain issues, including the definition of terrorism and support for…

With new moderated prices for services offered at Chabahar’s Shahid Beheshti Port, this southeastern Iranian port has turned into the cheapest option for doing business in the Persian Gulf and…

The export price index stood at 344.3 for the first month of the current fiscal year (March 21-April 20), registering a 8.4% increase compared to the preceding month and a 23.1% rise compared…