Economy

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  • Int’l Confab on Export Transport Scheduled
    05/19/2018
    The Second International Conference on Export Transportation and Logistics has been scheduled for June 20 at Tehran’s International Fairground. According to the event’s website, Exportrans.ir, the...
  • Tehran Stocks: Back With a Bang and Favoring Small-Caps
    05/19/2018
    "Good riddance!" must have been how Tehran equity market traders reacted when the United States...
  • Telephone Imports at  $1.45 Million
    05/19/2018
    More than 127 tons of corded landline telephones worth around 48.58 billion rials ($1.45 million) were imported into Iran during the last Iranian year (March 2017-180), figures released by the...
  • Iran’s Minister of Industries, Mining and Trade Mohammad Shariatmadari (3rd right) shakes hands with chairman of EEU Economic Commission board, Tigran Sargsyan, in Astana, Kazakhstan, on May 17.
    05/18/2018
    The five-nation Eurasian Economic Union has signed a three-year provisional agreement with Iran to welcome the Islamic Republic into the bloc’s free-trade zone. “The temporary agreement stipulates...
  • Sanctions Unlikely to Impact Iran’s Reinsurance Deals
    05/17/2018
    Iran’s reinsurance deals with foreign counterparts are not in danger of being revoked when US sanctions snap back in a maximum of six months, the chief executive of Iranian Reinsurance Company said...
  • Machine Sazi Tabriz Privatized
    05/17/2018
    Iranian Privatization Organization sold a 100% share in Machine Sazi Tabriz Company to a non-institutional investor on Wednesday, the organization’s official website reported. The stake, along with...
  • Prime Minister of Iraqi Kurdish Regional Government Nechirvan Barzani addresses a conference on developing economic ties between Iran and KRG in Erbil, Iraq, on May 2.
    05/17/2018
    Iraqi Kurds are opening a new chapter in their relations with Iran seven months after...
  • Home Rents  to Rise by 15%  in Summer
    05/17/2018
    Iranian tenants will experience a housing rent increase of 15% in the summer, which is beyond the current inflation rate of under 10%, according to the deputy head of Tehran Association of Realtors...
  • SCI: Single-Digit Inflation Rates in 26 Provinces
    05/17/2018
    The Statistical Center of Iran has announced the latest inflation rates for the country’s 31 provinces.  The report shows 26 provinces posted single-digit inflation rates while western provinces...
  • BMI Housing Loan Applicants Reach 26,000
    05/17/2018
    The number of prospective homeowners applying for state facilities under a special housing scheme launched by Bank Melli of Iran as recently as January hit 26,000, BMI’s Public Relations Office...
  • SAIPA-Citroen initiated the presale of the Citroen C3 in Iran on May 16.
    05/17/2018
    Deputy director of SAIPA-Citroen joint venture Yann Martin says the French automotive company is committed to Iran business. According to him, in the face of the belligerent US President Donald...
  • Since the Iran nuclear deal came into effect in early 2016, many EU companies have engaged in deals with Iranian companies.
    05/17/2018
    Tehran has taken preliminary steps to establish a bank for transactions between Iran and the European Union in euro to settle all financial issues that might arise after Washington's recent...
  • France Taps Mechanisms  to Salvage Iran Business
    05/17/2018
    Euro-denominated financing set up by European countries to trade with Iran will not be enough to...
  • Didi Axes Social Features
    05/17/2018
    China’s biggest ride-sharing company, Didi Chuxing, will disable features such as profile pictures, ratings...
  • First Sports Economy Conference Planned
    05/17/2018
    The private sector needs to play a bigger role to increase the impact of sports on Iran’s economic growth.  This was the focus of a roundtable organized by Donya-e-Eqtesad Media Group, the...
  • Federica Mogherini
    05/17/2018
    The European Union on Tuesday launched work on a nine-point economic plan to keep the Iran nuclear deal alive after the abrupt withdrawal of the United States. Europe is scrambling to come up with...
  • Non-Oil Trade With Sweden Exceeds 100%
    05/17/2018
    Iran traded $723.35 million worth of non-oil goods with Sweden during the last Iranian year...
  • Frost Inflicts $1.9b in Losses on Orchards
    05/17/2018
    More than 670,000 hectares of orchards incurred losses worth 81 trillion rials ($1.9 billion) due to the frost since the beginning of the current Iranian year that started on March 21, an official...
  • Hormozgan Ports Throughput Increases 4.1%
    05/17/2018
    Close to 8.22 million tons of oil and non-oil goods were loaded and unloaded in Hormozgan Province’s ports during the first month of the current Iranian year (March 21-April 20), registering a 4.1...
  • Local Ride-Hailing App Releases Latest Figures
    05/17/2018
    In a gathering to report MTN-Irancell’s activities and projects, ride-hailing company Snapp, supported by the mobile operator, announced statistics regarding the service’s fortunes. During the...
  • ‘Iran Health Expo 2018’ in June
    05/17/2018
    The 21st International Exhibition of Medical, Dental, Laboratory Equipment and Pharmaceutical Products, also known as “Iran Health 2018”, is scheduled for June 19-22 at Tehran’s International...
  • About 1.04 billion shares valued at $55.39 million changed hands at TSE on May 16.
    05/17/2018
    Tehran Stock Exchange’s main index gained 34.34 points or 0.04% on Wednesday compared to the day before to end trading at 94,940.2. About 1.04 billion shares valued at $55.39 million changed hands...
  • IMIDRO Outlines Steel Sector’s Monthly Performance
    05/17/2018
    A total of 3.88 million tons of iron ore concentrate was produced in Iran during the first month of the current fiscal year (March 21-April 20), to register a 30% growth compared with last year’s...
  • Pergas Consortium Signs HOA to Develop Iranian Oilfield
    05/16/2018
    Pergas Consortium, a group of international oil and gas companies, signed a heads of agreement (HOA) on Wednesday with the National Iranian South Oil Company on developing Karanj Oilfield in...
  • Mazandaran to Establish House of Commerce in Volgograd
    05/16/2018
    An agreement has been reached between the head of Mazandaran Chamber of Commerce and the head of Volgograd Chamber of Commerce and Industry in Russia to set up a house of commerce in the Russian...

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