Economy

President Hassan Rouhani is scheduled to break ground on Phase 3 of Shahid Rajaee Port, Iran’s biggest container port at the mouth of the Strait of Hormuz in southern Hormozgan Province on…

The average goods and services Consumer Price Index for urban areas in the 12 months ending Feb. 19, which marks the end of the Iranian month of Bahman, increased by 9.9% compared with last year…

The Iranians’ overall declining purchasing power and excessive imports have pushed the Iranian textile industry into recession in recent years, the chairman of Tehran’s Wholesalers and Textile…

The Islamic Republic of Iran Customs Administration has allowed the pre-arrival declaration of imported commodities in Shahid Bahonar Customs Terminal of Bandar Abbas in the southern Hormozgan…

Members of parliament have set the highest increase in salaries for public sector employees in the next fiscal year (starting March 21) at 20%.

Tehran Stock Exchange’s main index gained 19.60 points or 0.02% to end Saturday trade at 98,176.9.

About 1.38 billion shares valued at $129 million changed hands at TSE for the day.

Iran is working to curb its trade ties with the UAE, replacing its traditional hub for trade activities, Dubai, with Doha in Qatar and Muscat in Oman. 

Iran’s exports to Thailand and Indonesia, crude oil excluded, registered the highest growth compared to other export destinations during the first 10 months of the current fiscal year (March 21…

Iran’s coated steel strip output reached a record 1.26 million tons in the first 10 months of the Iranian year to Jan. 20, up 42% from the same period of a year earlier, a recent report…

Iranian export billet prices went up by $5-15 per ton on an FOB basis in the week that ended Feb. 21 with higher offers being accepted by customers.

Metal Bulletin’s weekly price…

Nissan Motor Co is taking its first steps to becoming an operator of autonomous vehicle services, hoping to break into a segment set to be dominated by Uber and other technology firms.

Reports from the SAIPA Group show that the second major local carmaker is mulling over alternatives to the production of Pride, the company’s cheapest model which is manufactured in Iran for…

Pars Khodro presold 7,500 Renault Sandero Stepway within 2.5 hours through its website this week, setting a new record in online auto presales.

Hurdles on the way of banking relations between Iran and China are still in place and affecting exports, the deputy director of Iranian Oil, Gas and Petrochemical Products Exporters Union said…

Knowledge-based firms received about 24.4 trillion rials ($540 million) in loans from banks and credit institutions in the first nine months of the current fiscal year to Dec. 21, the Central…

The Iranian government is increasingly paying more attention to expansion of new financial instruments, mainly through supporting fintechs and developing electronic banking.

The Financial Action Task Force has recognized measures taken by Iran to address its deficiencies and decided to renew the suspension of countermeasures until its next meeting in a…

A total of 533 permits were issued for mineral exploitation during the nine months to Dec. 21, 2017, creating 4,302 jobs, 76.6% more compared with last year’s corresponding period, the Ministry…

Stocks don’t have much going for them these days. The combined threats of rising interest rates, weakening growth in global commodity prices and lingering political risks have dented investors’…

The US effort to put Iran in a financial bind meant European banks were paying big fines and closing off its money flows amid severe sanctions on the country’s banking and energy sectors. But as…

British mining and mineral processing technology company Alexander has executed a commercial and technical partnership agreement with Turkish specialist mineral processing consulting company…

The railroad to connect the two Iranian cities of Qazvin and Rasht has made 81% physical progress and is scheduled to come on stream during the second month of the next Iranian year (starting…

Iran’s score based on the Corruption Perceptions Index improved by a notch in 2017 with 30 out of 100, a report by global graft monitor Transparency International announced.  The CPI scale…

Crimea’s ports, which are not operating at full capacity due to the fear of ship-owners incurring fines from Ukraine and western sanctions, are considering the possibility of working with Iran…

India’s sixth consignment of wheat to be sent to Afghanistan arrived in Iran’s southeastern port of Shahid Beheshti in Chabahar on Thursday.