Economy

Following the increasing pattern of online shops and services on the Persian-language Internet, two new websites have been launched recently -- one of them offering services unheard of. The…

The first passenger jet Iran has ordered from American planemaker Boeing, a 777-300ER,  will join Iran's air fleet within a month, says deputy minister of roads and urban development Asghar…

Despite restrictions imposed by sanctions, some of which having outlived the 2015 nuclear accord, the administration of President Hassan Rouhani managed to significantly close the technological…

The first draft of banking collaboration between the central banks of Iran and Malaysia has been finalized and will be signed by the governors of the two banks.

Abdolnasser Hemmati, the president of Central Insurance of Iran, and Alice Vaidyan, CEO of GIC Reinsurance Company, discussed ways of expanding insurance ties between Iran and India…

The Ministry of Economy has published the details of letters of credit and banking guarantees that Iranian banks allocated over the past few years, which marks the progress of these banks after…

Track-laying for a railroad linking the city of Mianeh in the northwestern East Azarbaijan Province to its capital city Tabriz started on Friday in the presence of Minister of Roads and Urban…

Tehran Stock Exchange’s main index gained 114.80 points or 0.15% to end Saturday trade at 77,804.7.

Some 1.2 billion shares valued at $93.7 million changed hands for the day.

Alborz…

Untying the Gordian Knot of unemployment is no easy task. That’s what all officials and analysts say.

As 700,000 jobs are created in the Iranian economy annually, around 500,000 job-seekers…

Saba Steel Complex, a subsidiary of Iran’s largest flat steel producer Mobarakeh Steel Company, has managed to finish the second phase of its expansion project, allowing it to double steelmaking…

Khouzestan Steel Company became Iran's largest exporter of steel by exporting 1.9 million tons of billet and slab in the Iranian year that ended March 20, 2017, according to KSC sales deputy,…

Close to 90% of Iran’s domestic demand for butter are met by imports, Deputy Agriculture Minister Hassan Rokni said.

“Iranians consume some 60,000 tons of butter every year, some 50,000…

Some 81,500 tons of honey were produced in Iran in the last fiscal year (ended March 20, 2017), says Deputy Agriculture Minister Hassan Rokni, adding that the figure is expected to rise 5.5% to…

The government issued more than 15,000 permits for the construction of industrial units with an investment of 1.16 quadrillion rials ($30.7 billion) in the 11 months of the past Iranian year (…

As of the new Iranian year (started March 21), those who employ undocumented immigrants will be fined five times the minimum daily wage, the director general of Immigrant Employment Office with…

The shares of five state companies valued at 13.69 trillion rials ($360.28 million) will be put on sale by Iran Privatization Organization on April 16.

Renault, a pioneer of electric cars, says mainstream acceptance of electric vehicles is reaching a tipping point and it welcomes increasing competition as European rivals such as Volkswagen and…

Car prices in Iran will remain unchanged in the new fiscal year according to a price-list released April 6 by auto website Asre Khodro.

Global ride-hailing behemoth application Uber has been given 10 days notice to close operations across Italy, in a landmark ruling which hampers the company’s European expansion plans.

The…

Iran Khodro (IKCO) and PSA Group's new joint venture IKAP will reportedly sell Peugeot's 2008 crossover for 900 million rials ($24,000), the local automotive website Persian Khodro said without…

The National Land and Housing Organization of Iran is to build more than 100,000 residential units as part of the Comprehensive Housing Plan and create funds to finance the housing sector in…

In its 30th meeting held in Kuala Lumpur, Malaysia, the Council of the Islamic Financial Services Board approved the Guiding Principles on Disclosure Requirements for Islamic Capital Market…

Polish and Iranian lenders need host each other’s bank branches to normalize banking ties between the two countries, the Polish deputy minister of economy said.

“That would not only boost…

In the aftermath of sanctions removal as a result of Iran's nuclear deal with world powers –formally known as the Joint Comprehensive Plan of Action–the administration of President Hassan Rouhani…

The four years of deep recession in the housing sector are predicted to end by the second half of the current Iranian year (September 2017), the head of Tehran Association of Realtors said."…