Economy

A preliminary deal signed by French construction firm Bouygues last year to build and run a new terminal at Tehran’s Imam Khomeini Airport has been canceled, a spokesman for the French…

Trade between Iran and Ireland saw a 65% rise in the last Iranian year (ended March 20, 2017) to reach €80 million compared to the previous year. According to Iran’s Ambassador to Dublin Javad…

Close to 3.75 million tons of goods worth $878 million were exported through land and water borders of Khorramshahr and Shalamcheh customs offices located in Khuzestan Province and bordering Iraq…

Anzali International Permanent Fairground will host the first international exhibition of gold, jewelry, silver, watch, gemstones and related industries from May 16 to 19. All gold transactions at…

Tehran Stock Exchange’s main index lost 271.80 points or 0.34% to end Saturday trade at 79,697.4.

More than 980 million shares valued at $77.6 million changed hands for the day.

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The outlook for the production and exports of Iran’s semi-fabricated copper products was presented by Saad Abdi, the National Iranian Copper Industries Company’s planning and supervision manager,…

Governor of the Central Bank of Iran Valiollah Seif announced that the second phase of waiving late payment penalties for non-performing loans will be implemented soon. In the second phase of…

While it could be a time-consuming process, the stagnating housing sector is on track to reenter a period of growth without stoking inflation, the deputy for economic affairs at the Central Bank…

The National Iranian Oil Company exports 2.5 million barrels of crude oil and gas condensates per day to customers from Asia to Europe and the Central Bank of Iran receives the full sale revenues…

Saman Bank has become the first Iranian lender to receive training in Compliance and Financial Crime Prevention based on the International Compliance Association standards.

This is the…

A cooperation agreement has been signed by Tejarat Bank and China Development Bank, based on which the Chinese lender will provide a $300 million loan to finance Iranian projects in the latest…

Iran Khodro, a local car producer which assembles a range of different vehicles, has started a new Peugeot Pars production line in western Kermanshah Province.

The factory in the city of…

Iran’s Deputy Foreign Minister for African Affairs announced an upcoming deal with the Senegalese government to upgrade the country’s taxi fleet during his visit to Dakar.

Elon Musk, founder and CEO of Tesla has teased the company’s first all-electric semi-truck in a TED talk held in Vancouver, Canada.

Musk said “the truck was in its prototype phase and the…

Chery’s new Arrizo 5e electric vehicle, based on the Arrizo 5 gasoline sedan, can drive 410 kilometers, according to the company, following its showcase at the Shanghai auto show last month.

France’s CMA CGM, the world’s third largest container shipping group, has launched a Tehran office. “CMA CGM Group has appointed CMA CGM Pars as its new agency in Iran as of May 1, 2017,” reads a…

Iran is in various stages of integrating its bank card system with five countries for the citizens of both sides to be able to use their bank cards in each other's countries, the head of…

Majlis Economic Commission coordinated a meeting between a Thai economic delegation and the Central Bank of Iran to inform the former of Iran’s economic regulations and latest statistics.

In order to improve banking relations and implement agreements signed by the two countries’ central bank governors last year, banking officials of Iran and Iraq signed a memorandum of…

Demand for gold jewelry in Iran jumped 27% compared to last year to a four-year high of 12.9 tons, helped by the country’s economic improvement in the wake of sanctions relief…

The involvement of companies affiliated to Islamic Revolution Mostazafan Foundation in Iraq’s development projects will pave the way for the entry of Iranian private sector into the neighboring…

The Industrial Development and Renovation Organization of Iran signed on Wednesday a memorandum of understanding with the largest employer federation in France, MEDEF, to cooperate in industrial…

The general outlines of the amended “Sixth Five-Year Economic, Cultural and Social Development Plan (fiscal 2017-22)” bill was approved by the parliament late last year (ended March 20, 2016) and…

Minister of Roads and Urban Development Abbas Akhoundi said the under-construction railroad connection between Qazvin and Rasht will be completed and come on stream by the end of summer.

Government revenues from mining operations in Hormozgan Province stood at 150 billion rials ($3.94 million) in the last fiscal year (March 2016-17), indicating a 79% growth compared to the year…