Economy

Minister of Roads and Urban Development Abbas Akhoundi met with Kyrgyzstan’s Parliament Speaker Chynybai Tursunbekov in Tehran to discuss the prospects of mutual cooperation in transportation…

The average goods and services Consumer Price Index for urban areas in the 12 months ending April 20, which marks the end of the first Iranian month of Farvardin, increased by 9.5% compared with…

The area under greenhouse cultivation in Iran has increased by 37.2% since President Hassan Rouhani took office in August 2013 to reach 11,425 hectares, Deputy Agriculture Minister Mohammad Ali…

The promise of creating 1.2 to 1.5 million jobs annually made by two presidential hopefuls, namely Mohammad Baqer Qalibaf and Seyyed Ebrahim Raeisi, in their stump speeches seems like another…

Tehran Stock Exchange’s main index gained 171 points or 0.22% to end Wednesday trade at 79,596.9.

Over 1.2 billion shares valued at $72.84 million changed hands for the day.

Shahd…

According to the Central Bank of Iran, Iran’s average daily oil exports (including crude oil and oil products) rose by 41.2% in the last Iranian year’s (started March 20, 2016) first quarter and…

In its latest report titled “Short Range Outlook for 2017-18”, the World Steel Association forecasts that Iranian steel demand will increase by 4.9% to 20.04 million tons in 2017 and will increase…

Mines and Metals Development and Investment Company, one of the largest mining holdings in Iran’s equity market, plans to put up a 16.1% stake of the firm for sale on May 9.

Zagros Khodro, a now defunct producer of Proton models, may come back from the dead according to the Minister of Industries, Mining and Trade, Mohammad-Reza Nematzadeh who visited the mothballed…

Contrary to reports that commercial vehicle importer Khodro Sazi Sina (KSS) has outbid Mammut Group's subsidiary on the contract for the import of Volkswagen-branded cars to Iran; the managing…

CEO of Iran Khodro (IKCO) has finally announced the price for its Peugeot 2008. Hashem Yekezare told local news website Eghtesad Online that the car will be sold for 900 million to 1 billion rials…

More than 90% of the Foreign Ministry's negotiations are focused on promoting economic cooperation and expanding export markets, particularly in Central Asia, West Asia, Africa and Latin America,…

Iran's Ministry of Economic Affairs and Finance has published a report detailing the performance of seven Iranian banks in the area of correspondent relations, indicating that the international…

In line with Bank Melli Iran's activities in Iraq, the bank is going to open a branch in the shrine city of Najaf in the near future while starting a branch in Karbala is also on its agenda, said…

Foreign exchange rates should be in line with economic realities but in order to forestall speculative activities, the Central Bank of Iran is keen on curbing the potential volatility that…

The Islamic Republic of Iran made exporting and importing easier by expanding the services offered by the national single window, said the World Bank in its Doing Business 2017 report for the…

A 50-member trade mission from Luxembourg is expected to arrive in Tehran on April 29 to hold talks with their counterparts from the Iranian private sector. Iran Chamber of Commerce, Industries,…

Iran exported more than 57.68 million tons of mineral products worth over $7 billion during the previous fiscal year (March 2016-17), registering a 38% and 17% growth in trade volume and value…

In its latest quarterly report on Iran’s economic performance, the Middle East Bank has reviewed changes in prices and inflation.

The inflation rate in Iran fell below 10% for the first…

Tehran Stock Exchange’s main index gained 35.33 points or 0.04% to end Monday trade at 79,425.90.

Over 1 billion shares valued at $62.96 million changed hands for the day.

Pars Minoo…

The taxation policy of the Ministry of Economic Affairs and Finance has proven to be effective in reducing the dependency of Iran’s budget on oil revenues from 70% during the previous…

The government has slashed import tariffs on sugar from 26% to 20% to adjust prices in the runup to the holy month of Ramadan (May 28-June 25, 2017), secretary of Iranian Sugar Factories Syndicate…

The 24th International Exhibition of Detergents, Cleansers, Hygienic and Cellulose Products and Related Machinery, also known as “Iran Beauty and Clean 2017”, opened in Tehran on Monday.

Iran Air has confirmed the cancellation of the earlier-than-expected delivery of a Boeing 777-300ER as part of a $17 billion order from the American planemaker.

The internationally popular tourist city of Isfahan in central Iran has launched a raft of new technological upgrades to city services including a new ‘Information Kiosk’ in one prime location…