Economy

The US dollar, the most widely traded currency in Tehran’s foreign exchange market, once again gained against rial in Tehran’s open and official foreign exchange markets on Saturday. According…

A senior official disclosed details of the $13.5 billion finance deals with Germany and Japan to be used in Iran's rail projects.

The trip of Iran’s Foreign Minister Mohammad Javad Zarif to Africa also bore banking fruits, as Iran will be able to establish correspondent banking relations with South Africa, Uganda and Niger…

The ubiquitous debate over Iran’s shaky foreign trade and non-oil exports surfaced once more when H1 trade statistics were out last month, showing a 3.2% decline in exports and a 15.37% rise in…

Iran exported 23,000 tons of different types of cheese worth close to $108 million to 21 countries during the six months to Sept. 22, the Persian newspaper Donya-e-Eqtesad reported, citing data…

A Pakistani business delegation arrived in Mashhad on Friday for a two-day stay in the northeastern city and the capital of the northeastern Khorasan Razavi Province.

Some 514,000 tons of commodities worth $224 million were exported from West Azarbaijan Province in Iran’s northwest during the six months to Sept. 22, registering a 2% rise in value and a 38%…

Iran attracted $24.95 billion in foreign investments from Sept. 23, 2013, to Sept. 22, 2017, the director general of the Ministry of Industries, Mining and Trade’s Foreign Investment Office said…

A project to use agricultural production waste as livestock feed will be piloted in 11 provinces by the end of the current Iranian year (March 20, 2018), an official with the Ministry of…

Iran Alumina Company exported 17,000 tons of alumina powder to Central Asian countries in the first six months of the current Iranian year (March 21-Sept. 22), announced the governor of Jajarm…

Nine provinces, namely Semnan (7.1), Markazi (8.2%), Gilan (9.2%), East Azarbaijan and Mazandaran (9.5%), Hamedan and Zanjan (9.7%), Ardabil and North Khorasan (9.9%) registered single-digit…

Tehran Stock Exchange’s main index gained 298.60 points or 0.34% to end Saturday trade at 86,935.4.

About 574 million shares valued at $34.800 million changed hands for the day.

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Peugeot 508 that entered the Iranian market through imports in July has failed to draw the attention of luxury sedan lovers. The vehicle is imported by Iran Khodro as part of a joint venture…

Iran’s midrange auto sector is seeing sudden hike in prices of locally produced and assembled models soon after prices of imported vehicles jumped over the past few months.

According to…

During a visit to Baku Economy Minister Masoud Karbasian and his Azeri   counterpart Shahin Mustafayev discussed ways to expand collaboration in the auto industry, the local news…

Iran is pressing ahead with the construction of a string of new petrochemical ventures to become a leading player in the regional petrochemical market and make more profit of its massive…

Minister of Roads and Urban Development Abbas Akhoundi has signed an agreement for implementing a cooperation program with Moscow in housing and construction sectors.

The agreement for…

Iran Moein Insurance Company, a firm with a focus on free trade zones, has started preliminary negotiations to start operations in Iraq. A delegation comprising of the firm’s board of directors…

Nomura Research Institute, a Japanese firm that provides asset management consulting and finance solutions, is interested in identifying Iran’s potential assets and helping efficiently utilize…

The first stage of integrating the banking payment systems of Iran and Russia will be implemented in the next three months, announced the CEO of Informatics Services Corporation of Iran–a…

Reinsurance industry’s representatives have sent a letter to Abdolnasser Hemmati, the head of Central Insurance of Iran, urging him to stop other insurance companies from being active in the…

Prices for imported flat steel products in Iran increased over the week ended Oct. 25 amid reduced availability of materials from Russia.

Shipments from the Russian port of Astrakhan…

Stocks closed the rather uneventful first week of the month with strong growth, mostly owing to the upsurge at both Tehran Stock Exchange and Iran Fara Bourse on Saturday.

Tehran Stock…

The international pistachio trade has faced unexpected challenges because of tensions between Tehran and Washington.

The global pistachio industry is a multibillion-dollar a year sector…

Iran Zinc Mines Development Company’s subsidiaries produced 8,478 tons of zinc ingots during the seventh month of the current fiscal year (Sept. 23-Oct. 22)–a record monthly high in output.…