Economy

Hormozgan Province has exported four fiberglass cargo and fishing launches to countries with a coastline on the southern side of the Persian Gulf in the past six months, the director general of…

Iran traded $485.60 million worth of non-oil goods with Hong Kong in the last Iranian year (ended March 20, 2018), marking a 20.72% decline compared to the year before. 

This made…

A total of 740 trillion rials ($17.61 billion) in cheap loans will be allocated for industrial renovation and retrofitting incomplete projects in the current fiscal year (March 2018-19), an…

A total of 4,140 cooperatives were established in Iran during the last fiscal year (March 2017-18), which created 68,000 jobs, a deputy minister of cooperatives, labor and social welfare said.…

Authorities are set to ratify new car prices for models costing under 450 million rials ($10,700) in the early days of June.

Head of the Competition Council Reza Shiva said on Tuesday…

Iran’s largest carmaker, Iran Khodro, is set to export 6,000 cars equipped with automatic transmission to Iraq, during the current fiscal which ends in March 2019.

Uber Technologies plans to launch its first taxi-hailing pilot service in Japan that will connect passengers to other taxi providers, as it seeks to expand in the country where the US firm has…

Tesla Inc’s Chief Executive Officer Elon Musk admitted on Monday there was a braking issue with the Model 3 sedan, pointed out by Consumer Reports, and said it can be fixed with a firmware…

A senior member of Majlis Article 90 Commission presented the latest report on the state of non-performing loans of Iran's banking system in Tuesday's open session, which painted a highly…

Premium rates on travel insurance have increased by as much as 25% on the back of a recent slide in rial’s value against the dollar. While the insurance industry receives dollar at the rate of…

Two days after the Central Bank of Iran issued a statement against the recent blacklisting of its governor, the Ministry of Economic and Finance Affairs has made a similar move, calling the…

As lawmakers discussed the amendment bill related to Iran’s Law of Combating the Financing of Terrorism, disagreements over certain issues, including the definition of terrorism and support for…

With new moderated prices for services offered at Chabahar’s Shahid Beheshti Port, this southeastern Iranian port has turned into the cheapest option for doing business in the Persian Gulf and…

The export price index stood at 344.3 for the first month of the current fiscal year (March 21-April 20), registering a 8.4% increase compared to the preceding month and a 23.1% rise compared…

Truck traffic has shifted to Dogharoun near Taibad in eastern Khorasan Razavi Province since a month ago, due to lack of security at Afghanistan’s Milak border crossing with Iran.

This…

The state monopoly Russian Railways considers its project on the electrification of the railroad in Iran completely civilian and not subject to US sanctions, the company’s CEO Oleg Belozerov…

The 17th edition of Oman-Iran Economic Commission is scheduled to be held on June 27 and 28 in Muscat, Oman’s port capital. 

A preferential trade agreement between the two countries…

Iran traded $443.71 million worth of non-oil goods with Vietnam during the last Iranian year (ended March 20, 2018), registering a decrease of  0.32% compared to the year before, making the…

A total of 200 tons of fruit and vegetable have been exported, for the first time, to the UAE via Bandar Lengeh Port in the southern Hormozgan Province, the director of Bandar Lengeh Ports and…

Several Swiss newspapers on Sunday reported that Swiss firms in Iran have stopped making new business contracts since two weeks ago.

Sharif Nezam-Mafi, chairman of Swiss-Iranian Chamber…

The German government will help German firms with business in Iran where it can, but cannot entirely shield them from the US decision to quit the Iran nuclear deal and reimpose sanctions against…

Iran nuclear deal seems to be on life-support these days, as the United States has unilaterally pulled out of the accord and other signatories are making frantic efforts to hold the deal…

Subsidiaries of National Iranian Copper Industries Company produced 107,795 tons of copper concentrate in the last fiscal year (March, 2017-18), registering a 15% growth year-on-year.…

With a reputation of a slow-working institution that only gets its act together in face of an urgent crisis, the speedy reaction of the EU to preserve the nuclear deal with Iran and protect the…

Tehran Stock Exchange’s main index gained 2.53 points on Tuesday to end trading at 95,229.9, registering a slight change compared to the day before.

About 645 million shares valued at $…