Economy

Some 7,500 tons of gabbro have been exported from Bandar Lengeh Port in the southern Hormozgan Province to Qatar for the first time, the Ministry of Roads and Urban Development’s news service…

President Hassan Rouhani will visit Azerbaijan’s capital Baku on March 29 and he will be accompanied by a business delegation. A joint business forum between the traders of Iran and Azerbaijan…

The Ministry of Cooperatives, Labor and Social Welfare is the state body responsible for determining the poverty line in Iran, the head of Statistical Center of Iran said. Omid Ali Parsa added…

The Economic Council agreed on Monday that the government issue 10 trillion rials (about $222 million) worth of bonds for purchasing new airplanes and maintaining the country’s roads.

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The notion of Citizenship Rights Charter has been reiterated by President Hassan Rouhani in the past two years. It lists and explains 22 categories of the most rudimentary, while critical,…

Tehran Stock Exchange’s main index gained 165.87 points or 0.17% to end Monday trade at 96,194.3.

About 1.05 billion shares valued at $58.87 million changed hands at TSE for the day.…

From bilateral trade to finance contracts and civil projects, China arguably has the strongest presence in Iran among all other countries.

Volkswagen’s sports carmaker Porsche could develop a flying passenger vehicle to compete with rivals in a market for urban air taxis and ride-sharing services, Porsche sales chief Detlev von…

SAIPA launched the presale of its latest hatchback model Quick in late January and started delivering a limited number of the vehicle last week. However, the company is yet to announce a final…

Before Li Shufu rose to become the largest single shareholder at Mercedes-Benz through the acquisition of almost 10% of Daimler’s shares, the billionaire was apparently also in talks with the…

Members of the Board of Representatives at Iran Chamber of Commerce, Industries, Mines and Trade convened for their last meeting of the current fiscal year (ending March 20) during which they…

Rents for residential units will increase at the same rate as the inflation rate that is currently hovering around 10% in the next fiscal year (starting March 20), the head of Tehran Association…

Economy Minister Masoud Karbasian said over 70% of the divestitures during the tenure of President Hassan Rouhani have gone to the real private sector as opposed to the previous administration…

The total volume of liquidity was more than 14.63 quadrillion rials ($325.62 billion) by the end of the 10th Iranian month to Jan. 20, the Central Bank of Iran announced.

After it was confirmed during President Hassan Rouhani’s recent trip to India that Iran’s Bank Pasargad, one of three banks seeking to open branches there, has finally received the green light,…

As part of their latest open session on Sunday to discuss the fiscal 2018-19 budget bill, members of parliament designated the areas where resources from the National Development Fund of Iran…

From Iran’s total area of 165 million hectares, 50 million hectares are arable, provided there is enough water. 

However, in view of the severe water crisis facing the country, only…

More than 908 tons of umbrellas worth 50.62 billion rials ($1.54 million) were imported into Iran during the first 10 months of the current Iranian year (March 21, 2017-Jan. 20), the Islamic…

Some $420 million worth of commodities were exported from West Azarbaijan Province in northwest Iran during the first 10 months of the current Iranian year (March 21, 2017-Jan. 20), showing a 7.…

Iran, Sweden, Finland and Denmark signed a quadrilateral memorandum of understanding for industrial cooperation in Tehran on Sunday.

Trade between Iran and Slovakia stood at €24.97 million in 2017, registering close to a 16% decline compared with 2016. 

The government is set to clear part of its debt to Social Security Organization by issuing up to 50 trillion rials ($1.1 billion) of debt securities, the first batch of which was issued on the…

Tehran is hosting an Indian exhibition called ‘Source India’ that opened at Milad Tower on Saturday and will conclude on Monday.

Mobile phones worth $410 million have entered Iran during the 11 months to Feb. 19, indicating a 96% year-on-year increase in cellphone imports in terms of value.

According to data…

More than one million students have enrolled to compete in this year’s Concours, Iran’s university entrance exam. Hossein Tavakkoli, a senior advisor at the National Organization for Educational…