Economy

Iranian producers have been manufacturing chandeliers for over half a century now and are well known throughout the world.

More than 80% of the raw materials required for the production of…

The rise in unemployment rate is a predicament economies face from time to time. Governments strive to tackle the issue, since joblessness is a source of many other economic and social problems…

Isfahan is hosting the 12th International Exhibition of Stones, Quarries and Relevant Industries with more than 90 domestic and 19 foreign firms from China, Turkey, India, Italy, Russia and…

Iranian economic players and merchants are still reluctant to engage in trade and invest in projects in Iraq due to the perceived insecurity in the neighboring country, says Aqeel al-Musawi, Iraq’…

The export of food and agricultural products declined to $5.6 billion in the last Iranian year (ended March 19, 2016) from the preceding year’s $6.5 billion, according to a report by the…

Iran has been a key player in the Middle East for millennia, yet the role it has played and its importance have changed over time.

Now that it is emerging from isolation and is reconnecting…

The government plans to issue 670 trillion rials ($19.3 billion at market exchange rate) worth of Islamic bonds (sukuk) this year (started March 20), to repay its debt to state contractors and…

Plans to reopen an Irish Embassy in Tehran are likely to be discussed by the next government to cement trading ties with the Middle East’s second-largest economy.

More than 13 million tons of goods were loaded and unloaded in Iran’s northern and southern ports during the first month of the current Iranian year (March 20-April 19), indicating a 30.4%…

Germany's Finance Minister Wolfgang Schaeuble has criticized the executive board of scandal-ridden carmaker Volkswagen for not waiving bonuses despite bringing the company to the brink of collapse…

Daimler has hired auditor Deloitte Touche Tohmatsu to help with an internal investigation into its diesel-engine emissions technology requested by the US Department of Justice, the luxury carmaker…

Iran's Competition Council, the body responsible for setting auto prices, had approved a price hike for 23 car models, but none of the Iranian carmakers has increased the prices of their products…

Japan's domestic sales of new cars, trucks and buses increased 7.2% from a year earlier in April, the Japan Automobile Dealers Association said on Monday. Sales totaled 212,713 vehicles in April,…

Lawmakers Sunday passed legislation that allows the central bank to sign currency swap agreements with Iran’s major commercial partners.

The CBI has been tasked with promoting the usage of…

As the US dollar continues its weak trend, investors are looking more toward gold as a safe haven. The Iranian rial registered gains against the American currency from Thursday when it gained 30…

Representatives of the Iranian government met the week before last with the Financial Action Task Force, the international body that has blacklisted the country from the global financial…

Banks have taken over 1,099 struggling industrial units across the country, while 75% of them are still active, said deputy minister of industries, mining and trade on Sunday.  

“Bank…

An official at KB Kookmin Bank said they are negotiating with major banks in Iran in order to be ready, just in case they will be able to do trade with Iranian counterparts using the yen or the…

Iran’s sovereign wealth fund plans to lend 20 trillion rials ($578 million at market exchange rate) to non-oil exporters, said the head of Iran’s Chamber of Commerce, Industries, Mines and…

A foreign steel market analyst doubled down on his impression of the Iranian steel industry following his weeklong stay in Iran and extensive interviews held with industry players in a report…

Hand-woven carpet is one of the most valuable non-oil export commodities of Iran and the sector is currently suffering from severe mismanagement and unreasonable regulations.

Tehran Stock Exchange’s primary index TEDPIX inched down 30.20 points or 0.04% to close at 78,384.4.

The value of close to 60% of the listed companies dropped, with food, electricity and…

Tehran Chamber of Commerce, Industries, Mines and Agriculture hosted two trade delegations on Saturday, one from neighboring Turkey and another from Switzerland.

Latest inflation figures may suggest a pickup in Iran’s industrial base.

Producer Price Index, which measures inflation in manufacturing costs and prices, and is considered a foreteller of…

Achieving a 4% growth—forecast by the International Monetary Fund for the Iranian economy in 2016—for a single year is not very significant, says the deputy head of Iran-China Chamber of Commerce…