Economy

Online retail giant Amazon.com Inc, whose entry into Australia last year rattled established bricks-and-mortar retailers, posted a modest loss in its earliest days in the country, corporate…

As expected, the first major test flights for Boeing and SpaceX’s new passenger spacecraft have been delayed again. Following an engine test mishap, Boeing’s CST-100 Starliner will likely…

The export of all kinds of refined vegetable oils has been banned since July 31. 

This was announced by Industries Minister Mohammad Shariatmadari in a directive sent to the Iranian…

The fear of raw material shortage has led producers of home appliances to scale down their output, the head of Iran’s Home Appliances Association said.

Mohammad Tahanpour was elaborating…

India’s first consignment of pulses to be sent to Afghanistan arrived at Iran’s southeastern port of Chabahar on Wednesday, the news outlet of the Ministry of Roads and Urban Development…

Iran traded 248,036 tons of non-oil commodities worth $105.96 million with Egypt during the first three months of the current fiscal year (March 21-June 21), registering a 72.03% and 140.73%…

Photos of at least six brand new ATR 72-600 turboprops made for Iran in the vicinity of Toulouse-Blagnac Airport have surfaced on aviation media outlets in recent days, raising hopes for the…

Tehran Stock Exchange’s main index gained 2,777.76 points or 2.29% on Wednesday to end trading at 123,951.3.

About 2.13 billion shares valued at $171.87 million changed hands at TSE for…

Tehran Stock Exchange saw 55,000 trading codes issued for new investors during the first four months of the current fiscal year (March 21-July 22), TSE’s managing director said. “The number of…

A major Indian producer of beauty products Emami Group is set to enter Iran and scout for partners to begin operations at a time when the country may come under stress on account of impending US…

As markets await the government’s new foreign exchange plan to combat the intense volatility, speculation about the contents of the package abounds. 

Mohammad Reza Pour-Ebrahimi,…

A new report by Tehran Chamber of Commerce, Industries, Mines and Agriculture highlights the fact that Iran’s banks and credit institutions have too many branches compared to both international…

Iran’s payment industry is beset by unhealthy competition between payment service providers and the fallout of a volatile foreign currency market, the managing director of Fanava Card Company…

Iran Development Bank will be established in the foreseeable future to meet the country's production and manufacturing needs and foster job creation and thwart the fallout of the reimposition of…

Striving to improve the quality of urban life, as well as realizing the dream of turning Tehran into a smart city, a new startup has launched a dockless bike-sharing system that facilitates…

German carmaker Volkswagen posted a forecast-beating 23% rise in underlying quarterly operating profit on Wednesday, even as difficulties conforming to new anti-pollution rules cloud the sales…

The economic research arm of the Ministry of Economic Affairs and Finance has published a detailed analysis of taxation in housing sector, calling for levying capital gain tax to control the…

Iran's sovereign wealth fund entrusted $15 billion in foreign currency resources to state-run and private banks in the first four months of the current fiscal year (March 21-July 22). 

International credit cards have found their way to one of Iran’s free trade zones, offering a credit of up to $100,000 to Iranian businessmen, an official with the Kish Free Trade Zone…

Foreign exchange rates in Tehran's unofficial market declined in a sign that the bull run has slowed, following the Central Bank of Iran's announcement that it will soon unveil a package of new…

Westminster Group PLC has made progress in implementing the contract for supplying security equipment at an airport in Iran. The $24 million contract was put on hold following the US withdrawal…

Some 4,600 industrial units are under construction in industrial parks across the country.

“These projects have made 70% progress on average,” Deputy Industries Minister Sadeq Najafi was…

Exports by the Islamic Revolution Mostazafan Foundation hit nearly $900 million (including revenues from tourism industry) in the last fiscal year (March 2017-18), registering a 45% rise…

The government of the Sultanate of Oman has agreed to offer an exclusive port to small Iranian ships to help speed up the transportation of cargo, especially fruits and vegetables, the chairman…

Stocks extended their four-day rally on Tuesday, as both Tehran Stock Exchange and Iran Fara Bourse registered their highest-ever single day growth.

TSE's main index TEDPIX surged 4,414.…