Economy

Some $68.6 million worth of agricultural and dairy products were exported from Hamedan Province in the last Iranian year (March 2016-17), accounting for 52% of the province’s total exports, the…

More than 23.54 trillion rials ($627 million) worth of investments have been made in industrial projects located in the south of Kerman Province since President Hassan Rouhani took office in…

About 49.57 million tons of cement were produced in Iran in the last fiscal year (March 2016-17), indicating a 6.4% drop compared to the year before, the Ministry of Industries, Mining and Trade…

President of Iran Chamber of Commerce, Industries, Mines and Agriculture Gholamhossein Shafei is scheduled to head a trade mission for a five-day visit to Vietnam starting Tuesday to discuss ways…

Gold coin prices continued their weeklong surge to reach their four-year high in Tehran's market on Monday.

After significant leaps in recent days, Bahar Azadi gold coin fetched 11.96…

Economic growth rate stood at 11.6% for the nine months to December 20, 2016, and the figure is predicted to keep up its double-digit momentum in the current Iranian year (started March 21), the…

The Central Bank of Iran is planning to allow authorized exchange shops to use international cards in daily operations [instead of cash], the CBI governor said.

“Such operations will be…

A delegation from the Central Bank of Iran will take part in the spring meeting of the International Monetary Fund in the US. The joint meeting of IMF with the World Bank Group is held biannually…

The Iranian private sector is setting up its own guarantee fund to facilitate international finance for small- and medium-sized investments, the head of Investment Commission at Iran Chamber of…

Tehran Stock Exchange’s main index lost 224.20 points or 0.29% to end Monday trade at 78,247.5.

More than 1 million shares valued at $60.3 million changed hands for the day.

Hegmatan…

The Islamic Republic of Iran Customs Administration has introduced measures to systemize import procedures of foreign clothing brands.

More than 310.7 million tons of mineral products were produced in Iran in the last fiscal year (ended March 20, 2017), the Iranian Mines and Mining Industries Development and Renovation…

Khouzestan Oxin Steel Company has shipped its first batch of steel plates to Germany from the southern Iranian port of Bandar Imam Khomeini, the company’s managing director announced on Monday.…

Chinese car company Lynk & Co has taken the covers off its latest concept vehicle called, the 03. The tech-laden vehicle is the first concept sedan to attract customers in a new way with short…

Superfast 5G (fifth generation) cellular networks are seen as paving the way to truly autonomous driving, but the technology is still about 10 years away, Hyundai’s auto intelligence chief said in…

Bam Khodro, a small independent car producer, is set to manufacture China’s Geely GC6 sedan, in the city of Bam in central Kerman Province.

According to automotive website Asbe Bokhar, Bam…

Iran’s second largest auto manufacturing company, SAIPA, will start production of spare parts in Algeria following a joint venture with the Algerian firm Tahkout Manufacturing Company (TMC).

The agreement on Banking and Payment Arrangement signed between Pakistan and Iran has been a positive move, which will significantly increase bilateral trade in the foreseeable future, the…

A couple of foreign insurance companies are determined to invest in Iran in the next two or three months, the president of the Central Insurance of Iran said.

"Foreign companies have been…

The Central Bank of Iran does not prioritize cash injection into the market, but only to help the banks support production and job creation, the head of the Economic Office at the Central Bank of…

The head of Iran Mining House announced that the proposal for establishing a bank dedicated to the mining sector with a capital requirement of 6 trillion rials ($160 million) will be…

The Central Bank of Iran is against monopolizing electronic banking and supports banks or entities that provide efficient services, the bank's governor said.

"The central bank backs the…

Close to 134,000 tons of tomato paste worth more than 5.8 trillion rials ($154.7 million) were exported over the 11 months to February 18, according to the Islamic Republic of Iran Customs…

Close to 144,200 tons of different kinds of thread worth nearly 7.9 trillion rials ($210 million) were imported over the 11 months to February 18, based on figures released by the Islamic Republic…

Iran’s Traditional Bakers’ Union has called for a rise in bread prices, stressing that prices have remained unchanged for 30 months now. “Bakers across the country cannot cover their expenses,…