Economy

Bank Saderat Iran has doled out loans worth 174 trillion rials ($4.5 billion) in the fiscal year that ended on March20, 2017, registering a year-on-year growth of 36.3%. According to a statement…

You are considering investing in a large country with 80 million people and a relatively prosperous GDP per capita of almost $20,000.

President Hassan Rouhani has ordered the Cabinet to address the parliament’s concerns about steelmakers prioritizing flat steel exports over local downstream users’ demand, chairman of the…

Iran exported more than 20.6 million tons of mineral products worth over $2.83 billion during the first four months of the current Iranian year (March 21-July 22), registering a 3% growth and 5%…

The average price to earnings ratio of Tehran Stock Exchange-listed companies stood at 6.7 during the Iranian month of Tir (June 22-July 22). The ratio was calculated based on the market…

More than 864 tons of toothbrushes worth over 327 billion rials ($8.55 million) were imported into Iran from 15 countries in the last fiscal year that ended on March 20, 2017, the Islamic Republic…

Amid deepening Indo-Iranian ties, New Delhi is hopeful that the strategic Chabahar Port will be operational by 2018.

Road, Transport, Highways and Shipping Minister Nitin Gadkari, who was…

Iran is targeting dairy exports worth $1 billion in the current fiscal year (March 2017-18), Agriculture Minister Mahmoud Hojjati said.

“In the past, we used to import dairy products,…

Ankara, Doha and Tehran want to discuss land trade routes on the sidelines of the oath-taking ceremony of Iran’s president-elect, Hassan Rouhani, on Saturday, Turkish Economy Minister Nihat…

Commercial exchanges via railroad between Iran and Pakistan saw a staggering 420% growth over the past one year, Pakistan’s commercial attaché in Iran said. Nazar Muhammad Ranjha was also quoted…

Spain, China and Germany have been the leading foreign investors in Iran’s industries and mining  sectors since President Hassan Rouhani took office in August 2013 with $3.14 billion, $1.33…

Iran’s crude iron ore production capacity will be raised to 100 million tons/year from 75 million tons/year by the end of the current Iranian year (March 20, 2018), state mines and metal holding…

Chinese carmaker Chery has signed a memorandum of understanding with Bank Saderat Iran to offer special savings accounts linked to a possible future car purchase.

Carmakers in Iran offer…

Local automakers were recently given the go-ahead by the Competition Council to raise prices and one lawmaker says he would keep an eye on their actions.

The so-called Competition Council…

Auto importer, Datis Khodro, will offer five new Volvo models in the market in the near future.

Milad Alinaqi, the company’s CEO, said Datis will purchase the XC90, New XC60, V40, S90 and…

According to the latest customs data 23,266 vehicles were imported into the country in the first four months to July, up 55% y/y.  Figures released by Islamic Republic of Iran Customs…

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 Thursday afternoon. The greenback was…

Iran’s jewelry market registered strong growth in the second half of 2017, with demand rising 20.5% at an annualized rate to hit 22.9 tons, according to a report by World Gold Council released…

In view of the scale of Chinese finance coming from Iran, China’s Ambassador to Iran Pang Sen and Governor of the Central Bank of Iran Valiollah Seif in a meeting on Wednesday emphasized the…

The much-anticipated plan to integrate the payment systems of Iran and Russia is now in sight, with top officials from Iran and Russia agreeing in Moscow to implement it as early as November.

The gap between what Canada sells to the world and what it buys, stretched to $3.6 billion in June, as exports fell back from recent highs, while imports increased.

Following three…

The Italian economy is benefiting from the improvement in the industry sector and stronger labor market dynamics that has driven consumer and business confidence higher, the statistical office…

More than 12.6 million tons of goods, mainly oil products, were loaded and unloaded in Iranian ports during the fourth month of the current fiscal year (June 22-July 22), registering a 10%…

As of the fiscal 1981-2, Iranian industries have experienced three periods of major transition.

Tehran Stock Exchange’s main index TEDPIX lost 243 points or 0.3% during the week that ended on August 2 to end at 81,265.9.

The main index of the smaller over-the-counter exchange Iran…