Economy

State Bank of Pakistan Governor Ashraf Mahmood Wathra has said SBP and the Central Bank of Iran will sign an agreement soon that will allow Pakistani and Iranian exporters to settle their claims…

The Central Bank of Iran’s deputy governor for foreign exchange affairs has travelled to the capital city of Kazakhstan to boost banking relations between the two countries. Gholamali Kamyab met…

Iran's real-estate sector is in the doldrums, thanks largely to overcapacity in luxury housing and the wider economic downturn that ensued since the 2014 oil price crash threw the economy into a…

Tehran Stock Exchange’s main index lost 340.10 points or 0.44% to end trade on the first weekday at 77,135.1.

More than 1 billion shares valued at $47.8 million changed hands on Saturday.…

Tehran was host to the Ninth International Exhibition of Gold, Silver, Jewelry, Watch and Related Industries (Iran Gold Expo 2017, for short) last month.

World’s largest steel producing group of companies–ArcelorMittal–expanded its cooperation with Iran in 2016 by increasing steel product shipments to the country.

Forty-three Asian countries accounted for close to 93% of Iran’s non-oil exports during the 10 months to January 19, according to a report by Tehran Chamber of Commerce, Industries, Mines and…

Minister of Industries, Mining and Trade Mohammad Reza Nematzadeh said Iran exported 11.5 million tons of cement during the 11 months to Feb. 18.

The minister expects the figure to reach…

Government Spokesman Mohammad Baqer Nobakht said on Saturday that 4,853,386 people have been removed from the list of cash subsidies recipients as of January 20.

This comes as a report…

Close to 5 million tons of potatoes are produced in Iran every year, which meets domestic demand and a portion of which is exported, Iran’s Ministry of Agriculture announced.

The new railroad connecting Iran and Azerbaijan was tested late Friday after a train set off on a maiden journey from the city of Astara in the neighboring country. The train travelled 8…

Chairman of Iranian National Tax Administration Seyyed Kamel Taqavinejad believes scuttling the value added tax and replacing it with consumption tax, as proposed by Majlis Joint Commission…

With a bustling population of 80 million people and an estimated GDP of about $400 billion, Iran is an emerging market ripe for investment.

In an interview with Bloomberg, Dragica Grbavac,…

Electric cars developed at a knowledge-based firm affiliated to the Islamic Azad University, Qazvin Branch, will soon hit the roads according to the university dean.

Morteza Moosakhani,…

Russia’s UAZ auto company, which announced its entry into the Iranian market during the Tehran Auto Show in February, is to begin production in Iran in 2018, according to a company representative…

Mammut Khodro, an Iranian automotive firm, has received the first delivery of Volkswagen cars the company intends to import. The shipment consisted of several completely built units of Volkswagen…

Auto and parts exports during the first 11 months of the current fiscal year (ends March 20) fell 36% compared to same period last year.  According to data released by the Islamic Republic of…

MasterCard does not have any direct links with Iran due to the primary sanctions still in place, said the Central Bank of Iran’s head of Communications and Information Technology Department.

A senior lawmaker has criticized the latest public statement issued by the Financial Action Task Force concerning Iran, saying it would be "unacceptable" for the country to stay on the…

Officials from Export Guarantee Fund of Iran and Norwegian Guarantee Institute for Export Credits (GIEK) discussed expansion of ties during a meeting held this week in Tehran.

The Norwegian…

Bank Sepah’s foreign exchange transactions have reached $4.2 billion and are expected to exceed $5 billion by the end of the fiscal year on March 20, said the CEO of Bank Sepah.

Foreign currency loan defaulters will see some restrictions lifted, if they were to repay a portion of their debts, the Cabinet ministers have decreed.

President Hassan Rouhani's ministers…

The track laying operation for the railroad connecting Iran’s northwestern city of Astara to an Azerbaijan city with the same name began in the Iranian section of the project on Thursday. …

The Iranian National Tax Administration collected 720 trillion rials (over $19 billion) in tax during the 11 months to February 18, registering a 26% increase compared with the corresponding…

Tehran Stock Exchange’s main index shed 372 points or 0.5% during the week that ended March 1 to close at 77,475.

This is while IFX, the over-the-counter Iran Fara Bourse’s benchmark, added…