Economy

Chinese companies doing business with Iran can tap into a government trade organization to prepare for US sanctions that are set to take effect against Tehran next week.

Iran exported 18,023 tons of pastry worth $49.46 million during the first three months of the current Iranian year (March 21-June 21), the Islamic Republic of Iran Customs Administration’s…

Some 972 tons of silk cocoons have been produced in Iran so far in the current fiscal year (started March 21), registering a 15% growth compared with the similar period of last Year, the head of…

Kurdestan Province in western Iran exported 635,000 tons of commodities worth $402 million in the first four months of the current Iranian year (March 21- July 22) to register a 100% and 78%…

The Iranian security forces handed 129 Pakistani nationals to Levies Forces (a paramilitary force in the Pakistani province of Balochistan, operating as a law enforcement agency tasked with…

Iran traded 328,935 tons of non-oil commodities worth $401.15 million with Italy during the first three months of the current fiscal year (March 21-June 21), registering a 46.93% and 4.47%…

Money transfer, one of the biggest obstacles to Iran-Africa trade, can be taken care of through barter, the head of Iran-Africa Economic Cooperation Council said in a conference on July 30.

The issue of Iran’s continued presence in Iraq’s market after the reinstatement of US sanctions was discussed in the 14th session of Tehran Chamber of Commerce, Industries, Mines and Agriculture…

The implementation of the Mobile Phone Registry Scheme, in line with e-governance policies, as well as a means to curb the smuggling of cellphones, has generated three times the previous amount…

An Iranian startup named ‘Hamkelasi’ (literally means ‘classmate’) has unveiled a smart platform intending to facilitate schools’ management and students’ enrollment.

T-Mobile US named Nokia to supply it with $3.5 billion in next-generation 5G network gear, the firms said on Monday, marking the world’s largest 5G deal so far and concrete evidence of a new…

Tehran Prosecutor Abbas Jafari Dolatabadi said investigators in a high-profile probe to crack down on suspected fraud in the gold coin market have traced the means to fund the 30 largest coin…

A conservative figure, who in the past voiced pessimism toward cryptocurrencies, has admitted that the decentralized phenomenon will “probably” be legalized in Iran in the foreseeable future.

Iran’s banks and credit institutions allocated a total of 50 trillion rials ($1.13 billion) to knowledge-based firms in a little more than one year, the Central Bank of Iran announced.

Abdolnasser Hemmati, the newly-appointed governor of the Central Bank of Iran, said the ongoing volatility in the currency and gold markets is "unusual" and a byproduct of "enemies' conspiracy…

Iran’s Minister of Roads and Urban Development Abbas Akhoundi has invited Azerbaijan to join a new railroad that links the border town of Parsabad in Iran’s Ardabil Province to Mugan Plain in…

A total of 84,880 tons of melons worth $32.47 million were exported from Iran during the first three months of the current Iranian year (March 21-June 21), the Islamic Republic of Iran Customs…

Japan was the biggest exporter of sewing machine needles to Iran in the last Iranian year (March 2017-18), with more than 22 tons worth around $655,230, based on figures released by the Islamic…

More than $158.75 million worth of commodities were exported from the western Ilam Province to the neighboring Iraq during the first four months of the current Iranian year (March 21-July 22) to…

Majlis Economic Commission gave the nod to the establishment of eight new free trade zones and 13 special economic zones.

Ahmad Anaraki-Mohammadi, a legislator, made the announcement on…

Iran traded 314,746 tons of non-oil commodities worth $233.83 million with Taiwan during the first three months of the current fiscal year (March 21-June 21), registering a 38.66% and 21.02%…

The Ministry of Industries, Mining and Trade has agreed to increase cement prices by 12% in the current fiscal year (March 2018-19).

“The 12% increase pertains to different types of…

The government has withdrawn the bill on dividing the Ministry of Cooperatives, Labor and Social Welfare into two ministries of “Social Welfare” and “Labor and Cooperatives” from the…

Tax revenues during the first four months of the current Iranian year (started March 21, 2018) increased by 10% compared to last year's corresponding period to reach 300 trillion rials ($6.81…

The government has given the go-ahead to Road Maintenance and Transportation Organization to issue 6 trillion rials ($136 million) of Islamic debt securities to finance its operations. The…