Economy

Basmati exports market of India was expecting a good time this year, as Iran had decided to resume rice imports from the country. 

But the higher price of Basmati rice made the…

Eighteen railbuses are due to join Iran’s rail fleet by March 20, which marks the end of the current Iranian year, a deputy minister of roads and urban development said. 

Saeed…

Steel products exported by Iranian suppliers over the first 10 months of the current Iranian year soared by 45% year-on-year, according to the Iranian Mines & Mining Industries Development…

Completion of 6,000 industrial projects and the launch of 33 new major projects have added 220,000 jobs to the economy during the current Iranian year (March 2016-17), says deputy minister of…

More than 12 million tons of goods were loaded and unloaded in Iranian ports over the past Iranian month (December 21, 2016-January 19, 2017), registering a 13.8% rise compared with the…

The Hungarian Export-Import Bank has allocated an €85 million credit line to the Export Development Bank of Iran to foster economic relations between the two countries, the Hungarian foreign…

The detergents and cosmetics market is worth 200 trillion rials (about $5.2 billion) per year, the deputy head of Detergents and Cosmetics Association of Iran, Mohammad Nilforoushan, said.

Trademarks for 31 Iranian products have been registered with the World Intellectual Property Organization, the Industries, Mining and Trade Ministry’s deputy for education, research and technology…

February 10, 2017, marked the 38th anniversary of the Islamic Revolution —an epochal event that transformed Iranian economy dramatically. 

Before the revolution, a considerable share…

Tehran Stock Exchange’s main index TEDPIX gave up 622 points or 0.8% for the week that ended February 8 to close at 76,793.

This is TEDPIX’s third consecutive week of decline. The benchmark…

Hot rolled coil import offers to Iran have inched down over the past week, following the downtrend in sentiment in the CIS export market.

Metal Bulletin’s weekly price assessment for…

As soon as Iran’s nuclear deal with world powers took effect, Majid Zamani and his partners set up an investment boutique with the aim of tapping into the flood of foreign business they hoped…

Indian carriers are either reviewing or stalling their plans to start flights to Iran, as the Donald Trump-led US government hardens its stance on the Islamic Republic, ratcheting up diplomatic…

Coinciding with the 38th anniversary of the Islamic Revolution in Iran, a space center was inaugurated on Thursday at Qeshm Island in south Iran.  

Samsung Electronics is developing clam-type smartphones and is expected to begin small production of its first foldable model featuring a flexible AMOLED display in the fourth quarter of 2017.…

Big winners of Iran’s e-commerce boom in the past few years have made their brands household names. However, according to data released in January, these brands may have hit their peak. 

Officials in Uzbekistan are looking into ways of developing a domestic innovation sector and create the country’s own version of Silicon Valley.

Iran’s Mahan Air will start operating direct flights to Barcelona as of June, Eduardo Lopez Busquets, Spain’s ambassador to Iran, announced. 

“We are also trying to launch direct…

The parliamentary FATF taskforce will report on Iran's cooperation with the Financial Action Task Force to the Majlis Economic Commission by the end of the current Iranian year (March 20, 2017).…

Apart from a handful of countries with problems unrelated to previous nuclear sanctions, all Iran’s frozen assets have been freed, the government spokesman said.

Private banks in Iran have started to embrace innovative technologies more than ever, striving to address major issues on their path toward modernization and profitability.

These measures…

Despite the Central Bank of Iran’s efforts to implement a bilateral currency swap agreement with Russia, the Central Bank of Russia has announced that it does not adhere to the process.

…

The achievements of Iran's nuclear deal must not be undermined, as the cost of foreign trade for the country is declining among other things, the governor of the Central Bank of Iran said.

Iran exported close to 78 tons of saffron during the eight months to November 20, the deputy head of the Iranian National Saffron Council said.

“Different figures, ranging from 310 to 360…

The tragic death of border couriers has raised the alarm over the dire economic conditions in border towns. 

Sixteen cross-border back carriers were buried under avalanche and five of…