Economy

Tehran Stock Exchange’s main index gained 26.60 points or 0.03% to end Tuesday trade at 77,001.1.

About 743 million shares valued at $69.2 million changed hands for the day.

Silica…

It is unlikely that Iran will reduce its crude oil output but will go along with an OPEC decision to extend supply cuts to help boost prices, Oil Minister Bijan Namdar Zanganeh said.

"Iran…

Chinese automaker Geely Holding has agreed to buy struggling Malaysian manufacturer Proton from DRB-Hicom, beating out rival bidder French PSA Group.

Geely Holding, which controls Geely…

The Fourth Alborz Motor Show is scheduled for July 4-7 in Karaj, west Tehran, according a press release from the organizers.

The exhibition is supported by the Ministry of Industries,…

Volkswagen Group and JAC Motor have received approval from Chinese regulators to form a joint venture for electric vehicles, the two automakers said on Monday.

Iran’s largest auto producer Iran Khodro has launched a new version of its Diesel Tunland off-road pickup truck this week with improved technology, according to the IKCO press website.

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Saman Bank, a leading private Iranian lender, Wednesday announced that it has launched a representative office in Rome.

The lender aims to promote investment…

Bank Maskan has joined the ranks of top international lenders by boosting its capital adequacy ratio significantly, announced the director of the bank's Department of Planning.

The Central Bank of Iran has called on banks and credit institutions to cease any involvement in investment funds as well as the purchase of any kind of securities and bonds, which the regulator…

In light of the World Bank Doing Business 2017 report that indicated Iran has slightly regressed in improving its entrepreneurial climate following years of lackluster performance, Majlis Research…

The Islamic Republic of Iran Customs Administration has operationalized the pre-arrival value declaration system for imports.

The new regulation requires traders to supply customs…

About $164 million worth of hand-woven carpets were exported from Iran’s East Azarbaijan Province in the last Iranian year (ended March 20, 2017).

“With sanctions gone, we’re aiming to…

The goods and services Consumer Price Index for urban areas increased 7.1% in the 12-month period ending May 21, which marks the end of the Iranian month of Ordibehesht, compared with last year’s…

Following President Hassan Rouhani’s reelection this weekend, most people believe that Iran’s economy will be in a better position and the country open for international business, reads a…

Iran Agrofood 2017 opened at the Tehran International Fairground on Tuesday with the participation of about 1,500 companies from Iran and foreign countries.

The second edition of Germany’s specialized exhibition for machine tools and metalworking sector known as “AMB Iran 2017” opened in Shahr-e-Aftab (Sun City) Complex in southern Tehran on…

Indian Prime Minister Narendra Modi said Kandla Port in Gujarat will soon be connected with Iran’s Chabahar Port, which will give a boost to India’s international trade and place the Indian port…

Iran's Domestic tea production has registered a 73% increase so far this year (started March 21, 2017), compared with the corresponding period of last year, leading to a 12% decline in imports.…

The UAE was Iran’s second biggest export destination, following China, in the last Iranian year (ended March 20, 2017), accounting for 17% of all Iranian exports.

Tehran Stock Exchange’s main index ended Tuesday trade at 81,124.4, unchanged compared to Monday.

More than 1 billion shares valued at $85.4 million changed hands for the day.

Toos…

The First Iranian Congress on Industrial Applications of Advanced Materials Manufacturing will be hosted by Iran University of Science and Technology in Tehran from May 24 to 26. In addition to…

The Vice Presidency for Information Technology says all financial transactions and payments with the government will soon be digitized as part of the wider e-government project focused on…

A service-based app and support website developed by an Iranian firm called Puzzle looks to lessen the load on doctors by introducing time saving technologies to the profession.

Uzbekistan will host a national startup event as part of the government’s plan to open up more sectors of the economy to new businesses.

Bank Melli Iran and Bank Saderat Iran will resume their operations in the Omani capital Muscat which had halted during the sanctions that cut off Iran from the international financial network.…