Economy

The governor of the Central Bank of Iran on Tuesday made several appointments as he enters his fifth and the final year of his term.  In his first announcement, Valiollah Seif appointed…

Iran wants to invest in Sangan iron ore mine of Herat Province, located in border areas between Afghanistan and Iran, Afghan media reported.

As mineral resources from Sangan iron ore…

Iran is buying rice from Pakistan via Dubai despite a preferential trade agreement between Tehran and Islamabad which has been in place since 2006.

The Pakistani newspaper The Nation…

Trade between Iran and member states of the European Union reached €1.99 billion in January 2018, registering a 28% increase compared with the similar period of 2017, according to Eurostat…

Iran exported $34.46 million worth of commodities to Australia and imported $106.68 million in return during the 11 months to Feb. 19, according to Tehran Chamber of Commerce, Industries, Mines…

The findings of the recent National Population and Housing Census show that between 2011 and 2016, average life expectancy at birth for Iranian men and women improved by 1 and 1.5 years…

An Iranian business delegation headed by Chairman of Iran Chamber of Commerce, Industries, Mines and Agriculture Gholamhossein Shafei is scheduled to visit Cyprus on May 9 to explore avenues of…

The 12th session of Iran-Uzbekistan Economic Commission is scheduled to be held from April 9 to 10 in the Iranian capital Tehran, Behrouz Hassan Olfat, director of Europe and Americas Department…

China with close to $943,800 was the main exporter of safety pins to Iran during the 11 months to Feb. 19. A total of more than 378 tons of safety pins worth around 32.95 billion rials (close to…

The New York Stock Exchange on Monday set the reference price for shares of music streaming service Spotify Technology SA at $132.

Spotify is pursuing an unusual direct listing to reach…

Tehran Municipality and China Electronics Technology Group Corporation (CETC) signed a collaboration deal, as per which the Chinese state-owned firm will assist the municipality in transforming…

Kish Island in the Persian Gulf will host a startup conference named Silk Road which aims to connect a select group of Iranian startups with foreign investors.

The Silk Road Startup…

Google LLC has released a new update for its Google Maps services which supports 39 additional languages including Persian.

The number of home sales in Tehran during the 12 months to March 20 surpassed 181,200, marking a year-on-year increase of 11.8%, data released by the Central Bank of Iran show.

The…

While Pakistan remained cautious and reluctant to increase trade ties with Iran in the past four years because of international trade sanctions imposed on its neighboring country, its government…

The Central Bank of Iran attracted billions of dollars in foreign investments in the last fiscal year that ended on March 20 and it will continue to focus on absorbing foreign funds this year,…

As the curtains fell on the previous Iranian year on March 20 and the usual lull in the markets sets in during the ensuing holidays, few expected currency volatility.

However, a few…

Two brand-new Airbus H145 air ambulances were received at Iran’s Payam Airport near Karaj on Friday, the airport’s public relations announced.

The helicopters have been purchased by…

Minimum wages will rise by 19.8% in the new Iranian year that started on March 21, as per the decision made in the last session of Supreme Labor Council.  After a dozen sessions, the…

Iranian steel mills produced 4.46 million tons of steel in the first two months of 2018, up 48.9% compared with last year’s similar period, according to the latest report released by World Steel…

The average goods and services Consumer Price Index for urban areas in the 12 months ending March 20, which marks the end of the last Iranian month of Esfand, increased by 9.6% compared with…

Iran’s steel industry needs about €22.1 billion ($27.4 billion) in new investment to achieve a target of 55 million tons/year of production capacity by 2025, the Iranian Steel Producers’…

The rail link between Astara in Azerbaijan and the Iranian namesake city was officially inaugurated in a ceremony held on March 29.

Presidents Hassan Rouhani of Iran and Ilham Aliyev of…

Tehran Stock Exchange ended the very first trading week of the new fiscal year (March 2018-19) with solid gains and minimal trade volume, as investors returned from the extended holidays.

Tehran Stock Exchange’s main index gained 342.24 points or 0.35% to end Wednesday trade (last trading day on March 28) at 96,938.88.

About 721 million shares valued at $26 million…