Economy

The rial surged versus all foreign currencies and equities rose in Tehran on Saturday, as optimism that Iran and the six world powers (P5+1) would strike an accord ending the 12-year nuclear…

Iran Insurance Company (IIC) which has taken over Tose’e Insurance Company (TIC) is now in charge of the failed insurer, Banker reported, citing IIC’s managing director.  After TIC’s…

Minister of Cooperatives, Labor and social Affairs, Ali Rabei says 600,000 new jobs have been created by the current administration, adding that 8 million employees in the country do not have…

Suitcase trade –purchasing consumer goods where prices are low and later selling them elsewhere for profit— between Iran and the Commonwealth of Independent States (CIS) amounted to $74.3 million…

The head of the Islamic Republic of Iran Customs Administration (IRICA) says foreign fruits in the market have not been legally imported; the daily Ta’adol reported on Saturday. Masoud Karbasian…

Ever since the so-called ‘subsidy reform plan’ was launched in December 2010, the government has been annually spending nearly 420 trillion rials (about $15 billion at official exchange rates) on…

Iran is ready to supply the Republika Srpska in Bosnia and Herzegovina with oil-based products, Iran’s ambassador to Sarajevo, Seyed Hossein Rajabi, said in a meeting with Vice-President of…

Iran signed a memorandum of understanding (MoU) with Azerbaijan to expand transit and transportation cooperation with the northern neighbor, IRNA reported on Saturday.

China has been the biggest exporter to Iran over the past 11 months of the current Iranian year (to end March 20), exporting $11.58 billion worth of goods during the period, ISNA cited data…

The minister of industries, mine, and trade, Mohammad Reza Nematzadeh, said that a financial collaboration between Iran and Iraq could help boost bilateral trade. The minister said an initial…

The Central Bank of Iran (CBI) has issued a bylaw calling on banks to increase financing to the manufacturing sector, a policy that officials say is in line with the “resistance economy” -- a set…

C Commerzbank AG has agreed to pay US authorities $1.45 billion to resolve an investigation of its dealings with Iran and other sanctioned countries as well as a separate probe of its money…

The launch of the China International Payment System (CIPS) will not be so attractive to Iran or other nations in the Middle East and Central Asia or even to Russia, economists told Trend in a…

Based on a resolution passed by the cabinet, cars with engine displacements of over 2,500 cc will no longer be allowed to travel outside the special economic zones, IRNA quoted the presidential…

Details of a recent deal between Iran Khodro (IKCO) and PSA Peugeot Citroën were elaborated by the CEO of IKCO, Hashem Yekeh-Zareh, at a press conference on Tuesday. Apart from shared investment…

Stocks at the Tehran Stock Exchange (TSE) pushed the TEDPIX to make brief gains in the week that ended March 11, amid positive speculations about a possible nuclear accord between Iran and world…

Head of the parliament’s research center, Kazem Jalali criticized the trade of mine exploitation licenses, describing it as a serious obstacle to economic activities in the mining sector. He made…

Close to 30 million metric tons of minerals will be extracted from Mehdiabad zinc and lead mine in the central Yazd Province in one year, reported the public relations of the Iranian Mines and…

Iran Tractor Manufacturing Company (ITMCO) on Thursday launched its first production line of heavy wheel tractor-scraper during a ceremony attended by Minister of Agricultural Jihad, Mahmoud…

Statistics released by the Iran’s Customs Administration (ICA) on foreign trade in the 11 months ending to February 19 indicate that Asia accounted for 77 percent of Iran’s total…

Given Iran’s geographic proximity, the transit and transport potential should  be developed to substitute oil income, Vice-president of Tehran chamber of commerce…

Chairman of Iran-Afghanistan Joint Chamber of Commerce, Mahmoud Siadat said that Afghanistan has agreed to reopen the chamber’s office in Afghanistan, 13 years after it ceased operation, ISNA…

Head of Iran-Iraq Joint Chamber of Commerce, Jahanbakhsh Sanjabi said visa requirement for both Iranian and Iraqi traders will soon be lifted within a specific time frame, as per the agreements…

Large economy, micro enterprises, is the labor ministry’s policy for fighting unemployment, deputy minister of cooperatives, labor and social affairs in entrepreneurship and occupation, Hassan Ta’…

Iran exported 171.119  metric tons of pistachio, valued at $1.5 billion,  during the eleven months of the current Iranian year (to end March 20), recording an increase of nearly 71% in…