The US dollar, the most widely traded currency in Tehran’s foreign exchange market, once again gained against rial in both the open and official markets on Monday to maintain its uptrend against…
Economy
Iran economy news, Get the latest news about Iran economy, trade, growth prediction, agriculture, transport, aviation, infrastructural developments and investment opportunities.
Economy
Governor of the Central Bank of Iran Valiollah Seif has sought to outline the benefits of the policymaker's recent directive to cut bank interest rates, saying it has curbed a surge in liquidity…
Economy
The average house price in Tehran during the last month of summer (Aug. 23- Sept. 22) increased by 9.7% from a year ago—a measure of the cost per square meter of floor space.
The latest…
Economy
Data released by Renault indicates that the company sold 99,617 cars in Iran during the first eight months of the current fiscal.
The report published on the company’s official website…
Economy
Toyota Motor Corporation will partner Mazda Motor Corporation and auto parts supplier Denso Corporation to form a joint venture for developing electric vehicles, as Japan’s biggest automaker…
Economy
Steer-by-wire, a cornerstone technology for self-driving vehicles, could become a common feature in vehicles production within five years. A senior executive with the Michigan-based Nexteer…
Economy
A commercial delegation from the Tehran Chamber of Commerce, Industries, Mines and Agriculture to Geneva, Switzerland, has met with the Central European nation’s parliamentary officials among…
Economy
The Central Insurance of Iran, the industry’s regulating body and its largest reinsurer, announced on Thursday it has reached a much-anticipated agreement with France’s SCOR SE, based on which…
Economy
Iran Insurance Company will cover the two ATR planes recently purchased by Iran Air, the head of IIC’s shipping, aircraft and transportation insurances announced. According to Majid Rahmati,…
Economy
The International Monetary Fund has hailed efforts by the Central Bank of Iran in curbing the activities of a multitude of unruly credit institutions, which eluded the regulator's oversight for…
Economy
Flexible office space provider Regus has opened its first office in the Iranian capital of Tehran in partnership with Edge Business Group.
Situated in one of the city’s main commercial…
Economy
Iran’s economic cooperation with South Korea is entering a new phase. Although the two countries are no strangers in industrial partnership and South Korean home appliances have been produced in…
Economy
Middle East Mines and Mining Industries Development Holding Company is taking steps to be listed on London Stock Exchange, announced Reza Ashraf-Semnani, advisor to MIDHCO’s managing director.…
Economy
Iran Air said the deal it has signed with the American planemaker Boeing won’t be affected, if the United Sates chooses to walk out of Iran’s nuclear deal—otherwise known as the Joint…
Economy
Iran exported more than 68 tons of saffron worth over 3 trillion rials ($92.36 million) to 54 countries during the five months to August 22. This registers a 26% and 35.4% growth in weight and…
Economy
Iran’s Civil Aviation Technology College has been granted Maintenance Training Organization Part 147 Approvals by the European Aviation Safety Agency.
Economy
The ministries of defense, health and education as well as the Civil Servants Pension Organization consume the lion’s share of the government’s budget, the head of Planning and Budget…
Economy
China will send six more cargo trains to Iran through the Kazakhstan-Turkmenistan route by the end of 2017.
Economy
The Indonesian and Iranian governments discussed tariff reduction in the fourth round of the preferential trade agreement negotiations to expand market access for Indonesian products.
Economy
It is estimated that 25,000 tons of shrimps will be farmed in Iran during the current Iranian year (started March 21), which would register a 13.6% rise compared with last year’s production,…
Economy
The Central Bank of Iran’s recent publication included the Household Expenditure Survey for the fiscal 2016-17.
The annual survey is undertaken by CBI’s Department of Statistics by…
Economy
The Ministry of Roads and Urban Development is planning to tweak regulations to activate leasing companies in the housing sector in order to undertake market recovery, a high-ranking official at…
Economy
The interest rates of entrepreneurship loans in rural and nomadic areas have been fixed at 8%, 6% and 0% respectively depending on their circumstances, the rural development deputy at the…
Economy
The Export Development Bank of Iran and the National Development Fund of Iran have agreed to add another 10 trillion rials ($256.4 million) to the previous 23 trillion rials ($589.7 million)…
Economy
Ahead of a trip by a private sector delegation to Switzerland, the head of Tehran Chamber of Commerce, Industries, Mines and Agriculture met with the newly-appointed ambassador of the Central…
Economy
