Economy

After a 12-hour session, the Supreme Labor Council agreed to raise workers’ minimum wage for the next fiscal year (March 2017-18) by 14.5% to 9.3 million rials ($244.7) per month.

The…

Iranian billet exporters achieved a considerable increase in exports over the past few weeks, mainly supported by the uptrend in the Commonwealth of Independent States semis segment.

Representatives of the Turkish steel sector are interested in developing lucrative cooperation with Iran, as steel trade between the two countries is on the uptrend.

A mine situated on the outskirts of Mount Sabalan in Ardebil Province holds the largest agate reserve in the world.

Sabalan’s agate is famous in the world and can shake the global market…

Tehran Stock Exchange’s main index gained 98.90 points or 0.13% to end Wednesday trade at 76,737.9.

Some 4.9 billion shares valued at $471.9 million changed hands for the day.

Kavir…

Over 1.5 billion tons of proven metal reserves have been discovered since President Hassan Rouhani took office in August 2013, deputy minister of industries, mining and trade said on Wednesday.

Some 8,000 taxies, 5,000 buses and 500 minibuses are ready to offer services to travelers during the Norouz 9Iranian New Year) holidays in Tehran Province, the director general of Road Maintenance…

Under the administration of President Hassan Rouhani, as many as 6,661 development projects worth 90,240 trillion rials ($240.640 million) were launched across Khorasan Razavi Province, says…

In 2016, trade turnover between Iran and Moscow increased by 80% and amounted to over $2 billion, the head of the second Asian department of Russia’s Foreign Ministry said.

Iran and Azerbaijan inaugurated a short railroad in early March with far-reaching implications.

The remaining 323 out of 1,713 enterprises on the privatization list will be ceded in the new Iranian year (starting March 21), the head of Iranian Privatization Organization said.

In line with Tehran Municipality’s plans to reduce air pollution, the city council is offering grants to people wanting to buy electric motorbikes.

The municipality has launched a website (…

The semi state-owned Iran Khodro Group assembled 1,800 units of Renault Capturs during the first 11 months of the current fiscal year that ends on  March 20. A company press release claims…

The world’s largest automaker, Volkswagen AG, “is back on track” even as it works through its global diesel scandal, its CEO said. And he isn't ruling out talking about a merger with FCA.

Iran Khodro and Chinese car assemblers are losing ground to their main rival SAIPA, according to newly released data.

Donya-e-Eqtesad, the sister newspaper of Financial Tribune, released…

Iranian insurance companies have formed a consortium for covering brand-new cars to put an end to automakers’ fraud. Carmakers persuade insurers to sell policies at a 15-20% discount but receive…

Bahar Azadi Gold Coin dropped by 150,000 rials or 1.15% in Tehran's market on Tuesday and fetched 12.20 million rials ($325), highlighting the fact that the recent rally was a short-lived bubble…

After the implementation of the Joint Comprehensive Plan of Action, the Export Development Bank of Iran secured correspondent relations with 119 foreign banks, said the bank’s CEO.

Interest rates in the Iranian banking system are expected to drop in the next Iranian year (starting March 21), said the chief executive of Parsian Bank.

“Higher government revenues and…

Iran Deposit Guarantee Fund complies with international standards and has managed to increase its assets, announced the fund's director.

Moscow may conclude agreements on the delivery of engineering goods to and import of food products from Iran during Iranian President Hassan Rouhani’s visit to Russia later this month, Russian…

Cooperation with Iran in investment and industrial projects holds great prospects.

This was announced by chairman of the Council of the Republic of the National Assembly of Belarus, Mikhail…

Ukraine plans to significantly increase its trade in food and agricultural products with Iran in the coming years, the Ukrainian Agriculture Ministry said on Monday.

Payam Special Economic Zone generated 4 trillion rials ($106.66 million) in revenues in the current Iranian year, registering a 100% rise compared with the corresponding period of last year, said…

The parliament reduced the budget for the new Iranian year that starts on March 21 by 2.5 trillion rials ($67.6 million) as per the changes made by the Guardians Council—a state body charged with…