Economy

The governor of the Central Bank of Iran says an increase in the central bank’s assets is the main reason behind the surge in liquidity during the last fiscal year (ended March 19).

In a…

Iran’s expectation of a big economic boom through “economic recovery” after the lifting of sanctions has not been realized yet.

The Sarakhs border crossing, located in the northeastern Khorasan Razavi Province on the border with Turkmenistan, has begun to operate 24/7 to help facilitate exports to the neighboring country,…

The parliament has approved the bill for the establishment of the so-called Transportation Development Fund to provide sustainable financial resources for expanding transportation infrastructure…

Iran has expanded its search for aircraft and is looking to order dozens more jets while it continues to try to overcome hurdles to deals worth some $50 billion with Airbus and Boeing, Reuters…

Economy Minister Ali Tayyebnia left Tehran for Nairobi on Monday morning to attend the 14th session of the United Nations Conference on Trade and Development on July 12-22.  The event, themed…

Iran is the leading iron ore and direct-reduced iron producer, and the second biggest steelmaker after Turkey in the Middle East and North Africa region, the US Geological Survey reported in a…

Iran exported more than 2,000 tons of carpets worth $66 million during the first quarter of the current Iranian year (started March 20), the head of Iran’s National Carpet Center said.

“The…

The 14th International Exhibition of Kitchen, Bath, Sauna and Pool Industries and Equipment opened in Tehran on Monday.

Tehran Stock Exchange’s main index inched up by 2.10 points or less than 0.01% to end Monday trade at 74,196.9.

More than 950 million shares valued at $58.9 million were traded for the day…

Close to $8.7 billion worth of non-oil commodities were exported from Shahid Rajaie Port in the southern Hormozgan Province during the first three months of the current Iranian year (started…

A total of 1,067 vehicles worth $17,094,672 were imported from France, of which 1,062 were produced by Renault in the first two months of the current Iranian year (started March 20).

New loans worth 10 to 30 billion rials ($285,000 to $857,000) from the government can help remove some of the problems facing manufacturers, said the deputy minister of industries, mining and…

SAIPA, Iran's second largest carmaker, aims to establish joint ventures with several foreign counterparts.

In an interview with Persian Khodro, Mehdi Jamali, SAIPA's CEO, said a contract…

Japanese car manufacturer Honda's product portfolio will be completely available in Iran by the end of this year, according to a company official.

The government is doing all it can to promote the ease of doing business, reduce the bloated bureaucracy  and break the chains of red tape by creating optimal harmony between the workers and…

In his latest remarks to the news website of Iran Chamber of Commerce, Industries, Mines and Agriculture, the chamber’s deputy head talked of new deals in the industrial sector, underlining the…

Referring to the recent negotiations between Iran and the Financial Action Task Force, the economy minister says Iran will not acquiesce to the anti-money laundering body’s requests if they are…

Bank of Industry and Mine has opened letters of credit for industrial units since the lifting of the sanctions in January with their total value amounting to $11 million, according to the bank CEO…

The Money and Credit Council – a decision-making body– has raised the minimum capital requirement for the establishment of banks in free trade zones from the previous €25 million to €150 million.…

Tehran Stock Exchange’s main index gained 326.80 points or 0.44% to end Sunday trade at 74,194.8.

Over 1 billion shares valued at $100 million were traded for the day.

Tabriz Oil…

The Eighth Iran Stone Exhibition, also known as IRSE 2016, opens in Tehran today. Some 40 firms from Italy, Germany, Spain, Turkey, India, Portugal, South Korea, China and Russia, alongside 210…

Boeing CEO Dennis Muilenburg says his aerospace company is following the lead of the US government when it comes to furthering the multibillion dollar deal for passenger aircraft that the…

Iranian Mines and Mining Industries Development and Renovation Organization, the country’s largest state-owned mining holding company published a report on Sunday outlining the company’s…

The government will allocate 2,000 billion rials (about $57 million at market exchange rates) in loans to marine industries in the current Iranian year (March 2016-17), says the managing director…