Economy

During the Cabinet meeting on Sunday, import tariffs for hybrid vehicles were once again amended after the government relented to mounting public pressure.

Saeed Bastani, spokesman of…

SAIPA delivered 200 Volvo heavy-duty vehicles to customers on Tuesday, as part of a renovation scheme introduced by President Hassan Rouhani in February.

This is the first batch of the…

Shaparak, the Central Bank of Iran-affiliated supervisory entity in charge of the country’s payment settlement network, has released its latest report for the 11th month of the current fiscal to…

A new wave of mergers and acquisitions in Iran’s banking industry is aimed at creating bigger, stronger and more efficient banks, a top official at the Central Bank off Iran said.  

Delegates from Iranian banks met with representatives of the European Banking Authority this week in Canary Wharf.  The regulators outlined the role and functions of EBA and discussed with…

Around 513,000 tons of chocolate and pastry worth $615 million were exported from Iran during the first 11 months of the current Iranian year (March 21, 2017-Feb. 19), registering a 121% and 21…

Iran and the US account for 85% of world production of pistachios (dry in-shell basis), Iran Pistachio Association announced. 

As the biggest pistachio producers in the world, the…

Iran’s Minister of Economic Affairs and Finance Masoud Karbasian said talks are underway with Azerbaijan to conclude a preferential trade agreement.

Iranian Foreign Minister Mohammad Javad Zarif on Monday invited Pakistan to participate in Chabahar's seaport project and development of its link with Gwadar Port, as he sought to allay concerns…

With exports of more than 34.12 million tons of products worth close to $13.4 billion during the first 11 months of the current Iranian year (March 21, 2017-Feb. 19), Bushehr Province was Iran’s…

Three of Middle East Mines Industries Development Holding Company’s subsidiaries plan to issue 10.6 trillion rials ($219.64 million) of Islamic bonds to finance their expansion projects, an…

Iran’s largest privatization attempt in the current fiscal year (started March 21, 2017) kicked off on March 12 with less than a percent of the offered assets finding buyers.

According…

At the behest of private producers and downstream users, the Ministry of Industries, Mining and Trade has banned price increases for all steel products at Iran Mercantile Exchange up until June…

Tehran Stock Exchange’s main index gained 119.77 points or 0.12% to end Tuesday trade at 96,314.2.

About 852 million shares valued at $43.28 million changed hands at TSE for the day.…

While Chinese brand Xiaomi was to be included in the Cellphone Registry Scheme after Norouz (the Iranian New Year starting March 21), Iran’s communication ombudsman announced on Sunday that the…

Apple filed a patent made public on Monday for a keyboard that resists crumbs.  The patent describes two different ways that a keyboard can keep dirt out, either by sealing gaps off or…

Iran's housing affordability index, an indicator of how affordable residential units are to the people, has improved in the past few years, the head of the Planning and Housing Economy Office at…

Both foreign exchange and gold markets on Monday kicked off their rallies after days of relative calm, with major foreign exchange rates registering significant gains against Iran's national…

As it strives to relegate the phenomenon of shadow banks to history, the Central Bank of Iran has orchestrated a merger of two such banks into a legitimate one in order to wipe away the last…

The Central Insurance of Iran said that according to latest reports, the insurance industry has registered a 22% growth in premium in the 11 months to February 19 compared with the same period…

Around 236,000 tons of wheat worth $84 million were exported from Iran during the first 10 months of the current Iranian year (March 21, 2017- Jan. 20), registering a whopping 1,317% and 724%…

The government’s overall revenues during the first 10 months of the current fiscal year (March 21, 2017-Jan. 20) amounted to 421.9 trillion rials ($8.97 billion), posting a rise of 28.2% over…

Iran exported more than $230 million worth of  non-oil goods to Russia during the first 11 months of the current Iranian year (March 21, 2017-Feb. 19), which registers a 27.74% increase…

The construction of Section-1 of the Tehran-North Freeway has made about 96% progress and the project is expected to come on stream in summer, the governor general of Tehran Province said.

Thirty-nine percent of the members of Social Security Organization’s pension scheme retire before their full retirement age. According to a report by SSO, the full benefit age in Iran averages…