Economy

Iran Aseman Airlines has signed a Minute of Agreement (MOA) with the American plane giant Boeing to purchase 60 B737-Max passenger jets worth more than $5 billion based on catalogue prices.

Iran Mercantile Exchange witnessed the trading of 33 million tons of commodities worth over $21.5 billion in the last Iranian year (ended March 20, 2017), registering a 26% and 73% growth in trade…

An Economy Ministry official has said that with the lifting of sanctions targeting Iranian economy in the wake of the 2015 nuclear accord, the country has joined various global monetary…

The rial was quoted in the free market at 37,800 to the US dollar in Tehran on Monday, having kept a steady course since the Norouz (Iranian New Year) holidays started on March 21.

While the housing market will remain calm until the presidential elections in May, home prices will experience a rise later in the current fiscal year that began on March 21, predicts the head of…

The 15th annual General Assembly and the 30th meeting of the council of the Islamic Financial Services Board will convene in Kuala Lumpur, Malaysia, on April 6.

The average Producer Price Index in the 12 months ending March 20, which marks the end of the final month of the last Iranian year (Esfand), increased by 5% compared with last year’s…

The capacity of Iran’s cold storage facilities has increased by 60% since President Hassan Rouhani took office in August 2013.

Agriculture Minister Mahmoud Hojatti said that by the end of…

The new planes ordered by Iran after the lifting of nuclear sanctions will create 20,000 direct jobs in Iran, an official with the Civil Aviation Organization of Iran said.

“The figure…

The recent National Population and Housing Census, conducted nationwide, showed Hamedan and North Khorasan provinces recorded negative population growths compared with the previous round of census…

Although the agriculture sector had an effective role in Iran’s economic growth in the last Iranian year (ended March 20, 2017), former agriculture minister, Isa Kalantari, believes the new year…

Tehran Stock Exchange’s main index inched up 32.40 points or 0.04% to end Monday trade at 77,616.8.

Close to 752 million shares valued at $31 million changed hands for the day.

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The recent National Population and Housing Census shows that the median age of the Iranian population has risen to 31.1 years. The figure stood at 25 years in the fiscal March 2006-7, according to…

Iranian steelmakers exported about 4.87 million tons of crude steel and steel products during the 11 months to February 18, the latest data by Iran Steel Producers Association showed.

About…

Esfahan Steel Company plans to boost longs exports to 1 million tons by the end of the current fiscal year (started March 21) from last year’s 700,000 tons, ESCO’s head of sales and marketing said…

Heading for the Iranian presidential election in May, Iranian President Hassan Rouhani has much to feel good about.

After Iran Khodro (IKCO) announced production of the Peugeot 2008 SUV/crossover before the Iranian New Year, several Telegram messenger groups said the price of the car will be in the range of…

The Industrial Development & Renovation Organization of Iran (IDRO) and French automaker Renault are to sign a production contract in two weeks according to the state-owned company’s chief…

An unofficial representative of Toyota in Iran, Irtoya is set to launch sales of the recently launched C-HR crossover model.

The sporty-looking model first appeared in the country at the…

Electric-only car company Tesla, announced that in first three months of 2017 the company delivered over 25,000 vehicles to its customers.

The record quarter marks a shift if the company’s…

Global automotive components supplier Magna is going to invest $5 million Canadian dollars in the Vector Institute, a new independent Artificial Intelligence (AI) research facility in Toronto,…

The investment treaty between Iran and Japan will come into force as of April 26, a statement released by the Embassy of Japan in Iran on March 27 reads.

The two countries signed the…

Data released by the Central Bank of Iran for the last Iranian year that ended on March 20 put the number of residential housing deals in the capital Tehran at 162,100–marking a 5.4% annual…

The General Court of the European Union has dismissed Tejarat Bank’s challenge to an EU decision to relist it back in 2015.

Executing currency revaluation in Iran by removing one or more zeroes from the rial will require conditions that will not materialize for at least another two years, the governor of the Central…