Economy

The research arm of the Iranian Parliament has forecast a positive growth for the construction sector for the fiscal 2017-18 after a longstanding downturn took its toll on a sector deemed vital…

More than 19.6 million tons of non-oil products worth close to $7.4 billion were exported from Bushehr Province during the first half of the current Iranian year (March 21-Sept. 22), registering…

A high-ranking commercial delegation from the European Union headed by the head of EU’s Agriculture and Rural Development Commission, Phil Hogan, is scheduled to visit Iran on Nov. 11. The 50-…

Heads of the Armenian and Iranian tax entities met for the first time in Yerevan on Monday and expressed their willingness for deepening cooperation.

The two sides also discussed…

Iranian leather and accessory manufacturing company Dorsa reached an agreement with Swarovski to use the Austrian company’s loose crystals in its finished products, the Iranian company’s website…

Tehran Stock Exchange’s main index lost 134.00 points or 0.15% to end Monday trade at 86,346.2.

About 1,837 million shares valued at $86.508 million changed hands for the day.

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Safety Design in Buildings, an initiative co-founded with Intersec, a leading trade fair for security, safety and fire protection, is now expanding to Tehran next month with a conference on Nov…

Iran exported about $6 million worth of furniture during the five months ending Aug. 22.

A closer look at the figures for the corresponding periods in 2016, 2015 and 2014, show Iran’s…

Tehran Stock Exchange’s main index TEDPIX gained 648 points or 0.8% during the seventh month of the current Iranian year (Sept. 23-Oct. 22) to end at 86,480.2.

The benchmark index of the…

An average of 485,000 jobs were created every year during President Hassan Rouhani’s first term (Aug. 2013-17), the head of the Statistical Center of Iran said. Omid Ali Parsa added that the…

Iranol Oil Company, a major local car oil producer, has unveiled an online database that guides users in choosing the most appropriate vehicle lubricant based on the car model. The database is…

Electric carmaker Tesla Inc. reaffirmed on Sunday it is talking with the Shanghai Municipal Government to set up a factory in the region and expects to agree on a plan by the end of the year,…

Negin Khodro, the local official importer of Renault cars, has launched a scheme for selling the brand’s secondhand cars in Iran’s market.

Owners can register used Renault cars with…

The South Africa-Iran Business Forum was held in Pretoria, South Africa on Monday, with Iran Foreign Minister Mohammad Javad Zarif addressing the opening ceremony.

Declaring that banks have now reduced the interest on their deposits, Minister of Finance and Economic Affairs Masoud Karbasian announced that the Money and Credit Council will pursue lowering…

Facing the prospect of a shortage of assets and a gaping budget, the government, in partnership with other entities, organized the first conference on managing public sector assets and…

The Iranian banking system paid out 2.7 quadrillion rials ($67.6 billion) worth of loans to more than four million applicants during the first half of the current Iranian year (March 21-Sept. 22…

The head of Iran-Iraq Chamber of Commerce believes that the establishment of a joint bank could considerably facilitate bilateral trade between the two allies, in view of the significant volume…

Iran exported 2,318 tons of refined vegetable oil during the six months to Sept. 22, 284% higher compared to last year’s corresponding period, the Iranian Vegetable Oil Industry Association…

Around 347,000 tons of fresh green or dried bananas worth $267 million were imported into Iran during the first half of the current Iranian year (March 21-Sept. 22), registering a 40% rise in…

Iran is the biggest producer and consumer of footwear in the Middle East, the head of the Association of Managers and Experts of Iranian Shoe Industry (known as ASSOMES) announced.

The traditional method of conducting population census based on the nationwide survey of households will no longer be employed as of the National Population and Housing Census in the fiscal…

Head of the Iranian National Tax Administration Kamel Taqavi-Nejad said it’s perfectly legal for the administration to monitor banking transactions to prevent tax evasion.

Iranian iron ore miners exported over 8.69 million tons of granulated hematite iron ore with over 40% content worth $491.82 million during the first six months of the current fiscal year (March…

It’s tough to be a musician in Iran and tougher for music artists who resist the temptation to make money by pandering to popular demand. Add to it the economic challenges.