Economy

The monetary base in Iran grew by 17.3% by Jan. 2017 to reach 1,722.3 trillion rials, which is 3.2 percentage points lower than its growth rate in 2015-16.

Iran’s misery index has had a 40% improvement since President Hassan Rouhani took office in Aug. 2013, as it went down from 48.8 in 2013 to 29.3 in 2016, according to data released by Cato…

As many as 1,366 Iranian companies took part in 54 international and specialized exhibitions overseas in the last Iranian year (ended March 20, 2017), indicating a respective growth of 38% and 65…

Exports from Arvand Free Trade Zone in southwest Iran hit $1.2 billion in the last Iranian year (March 2016-17).

Close to 540 billion rials ($14.3 million) worth of investments have been made in Nowshahr Port in the northern province of Mazandaran since President Hassan Rouhani took office in August 2013,…

Iran was Iraq’s third biggest trading partner in 2016 after China and Turkey, the Iraqi commercial attache to Iran said.

“At present, we are trying to ease investment regulations and offer…

Azerbaijani President Ilham Aliyev’s official visit to Iran in early March 2017—his third in three years—was scheduled to include the trial run of a section of a new railroad along the Iran-…

President Hassan Rouhani said as many as 100,000 jobs have been created in cyberspace in recent years. “Residents in rural areas export their handicrafts online and many tourists learn about…

Grégoire Blaise, CEO of Renault Trucks Middle East and North Africa, says following an agreement between Arya Diesel Motors and Renault Trucks in December a training center will be opened to…

Turkish auto sales are likely to decline in the second quarter of 2017 due to ongoing concerns over a fall in buyers and a depreciating Turkish Lira making car prices more expensive, according the…

The government has invested 170 billion rials ($4.5 million) in a subsidiary of Iran Khodro in the northern Mazandaran Province, according to the head of the production plant.

CEO of IKCO…

The 2017 Maruti Suzuki DZire is dropping the Swift prefix and will now be marketed simply as the ‘DZire’ in the Indian, Pakistani and Sri Lankan markets, according a report from Colombo. The small…

Reducing dependency on oil revenues and diversifying its income sources have been on the agenda of Iran's government for the past four years, the Iranian minister of economy said.

Iran is reviewing two major projects to engage in further leasing activities to develop its rail and air fleet, the minister of roads and urban development announced.

Bank Sepah plans to establish branches in China and South Korea since Iran’s trade value is considerably high with these two countries, said an official with Bank Sepah, adding that they already…

In a bid to attract foreign investments to Iran and pitch commercial opportunities to international bidders, Iran Privatization Organization is holding talks with UK investment banks and private…

Tehran Stock Exchange’s main index gained 29.40 points or 0.04% to end Sunday trade at 79,785.0.

More than 980 million shares valued at $52.2 million changed hands for the day.

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Issuing foreign currency denominated bonds is Tehran Stock Exchange’s top priority for the current fiscal year (March 2017-18).

TSE's CEO Hassan Qalibaf-Asl made the announcement during the…

Iranian steelmakers produced 18.4 million tons of steel ingots during the previous fiscal year (March 2016-17), indicating an 11% growth compared to the year before, Iranian Steel Producers…

Changes in Iranians' purchasing power have been assessed between the fiscal March 2009-10 and March 2013-14, the first and final year of former president, Mahmoud Ahmadinejad's term in office, as…

Wary of US President Donald Trump’s tough talk on Iran, the European Union is courting Tehran to signal its commitment to a nuclear deal and holding out the promise of its economic payoff ahead of…

About 80,000 tons of tea are brought into Iran every year, 30,000 tons of which are contraband, the head of Iran Tea Organization said.

The average salary of teachers has seen an 85% rise since the fiscal March 2013-14–the year Hassan Rouhani took office as Iran’s president, an official with the Ministry of Education said.…

The inflation rate registered by the health sector’s Producer Price Index grew by 0.3% in the Iranian month of Farvardin (March 21-April 20) compared with the same month of last year to hit 17.4…

New air routes extending over 5,200 kilometers have been launched in Iran, the head of Iran Airports Company said. “This will bring the total length of Iran’s air routes to 15,000 kilometers,”…