Economy

Iran’s non-oil trade with member states of the Association of Southeast Asian Nations reached $2.63 billion during the eight months to November 22, registering 55.5% growth year on year.

The Iranian Privatization Organization is planning to put on sale 24 state-owned enterprises and assets valued at an aggregate 17 trillion rials ($404.7 million) on January 8, according to Jafar…

Tehran Stock Exchange’s main index lost 253.54 points or 0.26% to end Wednesday trade at 97,899.2.

About 887 million shares valued at $43.67 million changed hands during the day.

A blazing oil well in Iran's southern oil-rich Khuzestan Province was extinguished late on Tuesday after burning relentlessly for almost two months in what was described as the most formidable…

Activist investor Cevian Capital has agreed to sell its 8.2% stake in Swedish truck maker AB Volvo to China’s Zhejiang Geely Holding Group, Cevian and Geely announced in a joint statement on…

The Roads Maintenance and Transportation Organization has issued a directive that makes GPS trackers on cargo trucks mandatory.

The agency’s deputy director Shahram Adam-Nejad says, “The…

Uber Technologies Inc. has agreed to sell its US auto-leasing business to startup car marketplace Fair.com, people familiar with the matter said, bringing to an end the ride-hailing giant’s…

China and Pakistan will look at extending their $57 billion (42.63 billion pounds) China-Pakistan Economic Corridor to Afghanistan, Chinese Foreign Minister Wang Yi said on Tuesday, part of…

Iran exported $312 million worth of hand-woven carpets during the nine months to Dec. 21, registering a 26% increase compared with last year's corresponding period, Trade Promotion Organization'…

The government has allocated 1 trillion rials ($24 million) as compensation to chicken farmers for the massive losses caused by the recent outbreak of avian flu across the country, Government…

Tehran International Fairground is scheduled to host the first “Tehran Business Show” on Jan. 11, 2018, with the aim of developing management services and improving the economy with focus on…

The Trade Promotion Organization of Iran is sending a delegation to the 43rd International Food and Beverage Exhibition in Japan.

The expo, also known as FOODEX JAPAN 2018, is scheduled…

More than 3,000 tons of cat and dog food worth 197.47 billion rials ($5.9 million) were imported into Iran during the eight months to Nov. 21, the Islamic Republic of Iran Customs Administration…

Qatar has stressed the importance of facilitating maritime trade with Iran.

This was underlined by Qatari Minister of Transportation and Communications Jassim Saif Ahmed Al Sulaiti in a…

The average goods and services Consumer Price Index for urban areas in the 12 months ending Dec. 21, which marks the end of the Iranian month of Azar, increased by 10% compared with last year’s…

Since seven years ago when the Law of Developing Financial Instruments and Entities was passed in the parliament, more than 157 trillion rials ($ 3.76 billion) worth of Islamic sukuk have been…

The Institute for Trade Studies and Research, affiliated to the Ministry of Industries, Mining and Trade, has published a report in which the research body recommended property tax as a lesser-…

Bahar Azadi gold coin surged on Tuesday after days of calm to hit 14.03 million rials ($335), according to Tehran Gold and Jewelry Union’s website. The price is reportedly the highest registered…

The Securities and Exchange Organization is considering harsher measures against listed companies that refuse to release their financial information and follow transparency measures, the deputy…

President Hassan Rouhani has agreed to allocate $500 million from the National Development Fund of Iran, the country’s sovereign wealth fund, for the establishment of a rail leasing company, the…

The number of civil servants dropped from nearly 4 million in the fiscal 2005-6 to 3.71 million in 2016-17 to constitute 16.7% of the total employees in Iran, suggesting that the public sector…

Iran’s direct net steel exports reached its highest in 10 years as it hit 971,000 tons in 2016 and bested all other countries in the Middle East and North Africa region, World Steel Association’…

Tehran Stock Exchange’s main index lost 207.67 points or 0.21% to end Tuesday trade at 98,150.7.

About 1.05 billion shares valued at $62.73 million changed hands at TSE for the day.

University of Tehran has launched a business counseling center for entrepreneurs and startups, which offers legal and financial counseling services.

According to the university’s website…

A local startup dubbed ‘Baroty’ has launched an e-commerce website offering business-to-consumer and consumer-to-consumer services. Just like global online retailers like eBay, through its…