Economy

An aggregate of 15.86 trillion rials (about $396.5 million) have been invested in Aras Free Trade-Industrial Zone over the past three years, the managing director of FTZ SAID. Mohsen Khadem Arab-…

A 20-member Iranian delegation comprising representatives of Tehran Chamber of Commerce, Industries, Mines and Agriculture attended a joint business forum with their Danish counterparts in…

American telecoms operator, AT&T is to launch its first so-called "5G Evolution Markets" in the cities of Austin and Indianapolis in the coming months. The new networks will offer a peak-speed…

Sharp Corporation lifted its full-year profit guidance after posting its first quarterly net profit in over two years as the Japanese liquid crystal display (LCD) maker pressed ahead with cost-…

Former local favorite messaging application Viber, has introduced a new feature called "Secret Messages." 

The new update follows other apps like Telegram messenger which has offered…

The government of the Indian state of Karnataka said on February 2 it welcomed a proposal from Apple Inc to begin initial manufacturing operations in the state, in a sign the tech company is…

The US dollar was quoted in the free market at 38,200 rials on Monday. According to the Association of Bureaux de Change Operators of Iran, rial strengthened from 38,250 to 38,000 per dollar…

Tejarat Bank has started offering services to French traders through its Paris branch “to help boost Iran-France commercial ties in the post-sanctions era”, the bank’s chief executive said.

A number of Iranian lawmakers and officials have voiced concern regarding the potential hazards of the steady increase in the country’s money supply (M2) in the past couple of years and called for…

A directive has been issued for the current fiscal year (started March 20, 2016) to extend the penalty waiver for loans fewer than 1 billion rials ($31,400) for the coming fiscal year too,…

The Organization for Economic Cooperation and Development will upgrade Iran's rating in the country risk classification of the Participants to the Arrangement on Officially Supported Export…

A paper recently authored by economists Roman J. Zytek and Mohammad Reza Farzin has reviewed the experience of Iran’s Targeted Subsidies Reform. The study addresses several criticisms of the key…

Iran has been pursuing trade promotion in the Commonwealth of Independent States countries for achieving economic cohesion with the region, director of planning at Iran’s Trade Promotion…

The goods and services Consumer Price Index for rural areas in the 12-month period ending January 19, which marks the end of the Iranian month of Dey, reached 7.1% compared with last year’s…

Iran exported around €523 million worth of goods to Italy over the seven months to July 30, 2016, registering a 95% hike compared with the corresponding period of the year before.

Iran’s first exclusive exhibition in East Africa is scheduled to be held in Nairobi, Kenya, during February 3-6. 

“More than 80 Iranian companies are expected to take part in the event…

Over 1,400 structural steel sales outlets have gone out of business in the past three years, says the head of Tehran Iron and Steel Union, Mohammad Azad.

“The recession in the construction…

Thirty percent of revenues earned by companies affiliated to the Islamic Revolution Mostazafan Foundation are allocated to poverty alleviation programs.

This was announced by Mousa…

Director General of the Supreme Audit Court of Iran Adel Azar said the “astronomical” salaries of corporate executives have been returned to the treasury in their entirety.

“After eight…

Tehran Stock Exchange’s main index plunged by 0.72% to end Wednesday trade at a four-month low of 77,414.9.

After breaking the 78,000 resistance level early in the morning, TEDPIX continued…

Steel import tariff rates have always been a sensitive issue for government officials and industry players. 

Raising the tariff bulwark gets steelmakers cheering for the newfound…

Japan’s domestic sales of new cars, trucks and buses rose 8.6% in January from a year earlier, the Japan Automobile Dealers Association said Wednesday. Sales of all vehicles totaled 258,085 in…

India’s Bajaj Auto’s December quarter performance sprang a positive surprise for the owners of the company. At a time when analysts had penciled in subdued results after factoring in the drop in…

The Statistical Center of Iran (SCI) has released the latest figures on auto imports for the first ten months of the Iranian year (March 20, 2016-January 19).

The Seventh Golestan Auto Show opened on January 31 in the northeastern region’s capital city Gorgan, according to local automotive press. More than 40 local and international firms are at the…