Economy

Russia and Iran can sign the document that is expected to become a blueprint for free trade between Iran and the Eurasian Economic Union countries in May.

This was announced by Russia’s…

More than 1,300 tons of glass sheet worth 10 billion rials ($222,568) have been exported from Bandar Lengeh in the southern Hormozgan Province to Qatar for the first time.

A business delegation from Iran Chamber of Commerce, Industries, Mining and Agriculture will accompany Foreign Minister Mohammad Javad Zarif in a tour of Senegal, Brazil and Uruguay from April 9…

The construction of Iranshahr Terminal in the Imam Khomeini International Airport is planned to start in the next Iranian year (starting March 21), the airport’s CEO said. Shahram Adamnejad…

Total capitalization of Iran's capital market, including equity and fixed-income, is currently standing at around $130 billion. 

Iran’s total cereal production in 2017 is estimated to have reached 20.6 million tons, registering a 15.3% increase compared with 17.8 million tons in 2016, according to the latest data released…

Iranian miners exported a total of 1.85 million tons of iron ore in February, recording a 16.1% growth compared to January shipments, market analyst, Keyvan Jafari Tehrani, said.

China…

The average Iranian spends 1 million rials ($22) or 2.2% of total expenditure on beauty products annually, the deputy health minister said.

Iraj Harirchi added that the spending hits 1.4…

Tehran Stock Exchange’s main index lost 130.70 points or 0.13% to end Wednesday trade at 96,860.3.

About 613 million shares valued at $38 million changed hands at TSE for the day.

Iran Khodro has launched the presale of the automatic Peugeot 207i sedan. 

The presale started via IKCO’s website at 11 a.m. local time on Sunday. 

The company has…

Renault has released its latest monthly sales report, which indicates that the French automotive giant sold 15,846 cars in Iran in February and accounted for 83% of motor vehicles sold by the…

Daimler Chief Executive officer Dieter Zetsche on Tuesday welcomed Geely Chairman Li Shufu as a new shareholder and said any industrial alliance will depend on whether current China partner BAIC…

This year’s Geneva Motor Show is arguably the most tech-heavy to date, with the eye-watering performance figures traditionally touted by internal combustion engine supercars replaced by stats…

The US Supreme Court on Monday declined to take up Iranian government-owned Bank Melli’s appeal of a lower court ruling that allowed victims of militant attacks allegedly backed by Iran to seek…

Iran’s non-oil foreign trade during the first 11 months of the current fiscal year (March 21, 2017-Feb. 19) stood at $89.34 billion, indicating a 16.17% rise compared with last year’s…

About 302,000 tons of non-oil products worth $840 million have been exported from Markazi Province since the beginning of the current Iranian year (started March 21, 2017), indicating a 27% and…

The 24th Executive Committee and the 16th General Assembly of the Economic Cooperation Organization’s Chamber of Commerce and Industry (ECO-CCI) was held in Tehran from March 3 to 5.

Trade between Iran and Hungary stood at more than €49.32 million in 2017, showing a 33.75% decline compared with 2016. Iran’s commercial exchanges with Hungary registered the biggest year-on-…

Iran’s Economy Minister Masoud Karbasian met with his Russian counterpart Maxim Oreshkin in Moscow on Monday.

The two sides emphasized the need to expand economic cooperation, Mehr News…

With the government’s rescue package reining in the foreign exchange market, the private sector once again voiced its objection over the administration’s adamance on keeping the national…

The Central Bank of Iran’s main plan to control runaway foreign exchange rates has been successful, as the total value of liquidity attracted by banks from the sale of rial certificates of…

Tejarat Bank is gearing up for block sales of three large-cap steel and petrochemical subsidiary companies listed at Tehran Stock Exchange on Feb. 10, TSE’s website reported on Tuesday. The…

The Iranian capital market hosted a new type of Islamic debt security on Tuesday, as the government issued 30 trillion rials (about $670 million) worth of Manfa’ah sukuk at the over-the-counter…

Trade between Iran and Ireland stood close to €134.5 million in 2017, registering a 140.5% upsurge compared with 2016. 

Iran’s trade with Ireland saw the second highest year-on-year…

The Iranian National Tax Administration collected 800 trillion rials ($17.7 billion) in tax during the first 11 months of the current Iranian year (March 21, 2017-Feb. 19).