Economy

Iran's Domestic tea production has registered a 73% increase so far this year (started March 21, 2017), compared with the corresponding period of last year, leading to a 12% decline in imports.…

The UAE was Iran’s second biggest export destination, following China, in the last Iranian year (ended March 20, 2017), accounting for 17% of all Iranian exports.

Tehran Stock Exchange’s main index ended Tuesday trade at 81,124.4, unchanged compared to Monday.

More than 1 billion shares valued at $85.4 million changed hands for the day.

Toos…

The First Iranian Congress on Industrial Applications of Advanced Materials Manufacturing will be hosted by Iran University of Science and Technology in Tehran from May 24 to 26. In addition to…

The Vice Presidency for Information Technology says all financial transactions and payments with the government will soon be digitized as part of the wider e-government project focused on…

A service-based app and support website developed by an Iranian firm called Puzzle looks to lessen the load on doctors by introducing time saving technologies to the profession.

Uzbekistan will host a national startup event as part of the government’s plan to open up more sectors of the economy to new businesses.

Bank Melli Iran and Bank Saderat Iran will resume their operations in the Omani capital Muscat which had halted during the sanctions that cut off Iran from the international financial network.…

The possibility of Iran entering the international debt market hinges on a number of reasons, namely its risk factor in the eyes of global entities, which the country expects to improve, the…

Private insurance companies accounted for 62.2% of the total premium income in Iran's insurance market during the last Iranian year that ended on March 20, 2017, registering a growth of 3% year-on…

The Banking Reform Bill, which is expected to reach the parliament in two months, was reviewed by the members of the Money and Capital Market Commission of the Iran Chamber of Commerce, Industries…

Close to 3,110 tons of sugar-free cocoa powder worth nearly $9.9 million were imported in the last Iranian year (ended March 20, 2017), according to data released by the Islamic Republic of Iran…

Iran Air hopes to earn $1-1.2 billion per year from ticket sales once all the planes it has ordered over the past few months from major planemakers are delivered.

The revenues will help the…

Close to 31,000 tons of oilseeds worth 860 million rials (more than $23 million) have been purchased from local farmers by the government in the current Iranian year (started March 21), the deputy…

About $1.4 billion worth of commodities were imported into Iranian free trade zones in the last Iranian year (ended March 20, 2017).  Exports from these zones stood at $813 million during the…

Heading a politico-economic delegation, Syrian Minister of Industry Ahmad al-Hamou will pay a visit to Iran in late May, an official with the Trade Promotion Organization of Iran said.

First Vice President Es’haq Jahangiri has tasked the Ministry of Economic Affairs and Finance with implementing 14 priority projects in the current Iranian year (March 2017-18).

Most of…

The Persian Gulf Petrochemical Industries Company (PGPIC) has reached a preliminary agreement, worth €3 billion ($3.37 billion), with an unnamed European company on building a petrochemical plant…

Iran Aluminum Company has opened a new billet production plant with a 50,000-ton/year output capacity. The plant, established in cooperation with China’s NFC Group and several local engineering…

Tehran Stock Exchange’s main index TEDPIX gained 2,543 points or 3.2% during the second month of the current Iranian year (April 21-May 21) to end at a six-month high of 80,123.

The over-…

Iranians reelected President Hassan Rouhani on May 19.

While he will be taking the presidency oath for the second time in August, speculations are rife about his choice…

European Union car and truck safety rules will be revised by the end of the year, after pressure from campaigners to cut the number of road deaths by forcing manufacturers to include technologies…

MG Pars Motor, the official subsidiary of Chinese carmaker SAIC-MG in Iran, will soon launch sales of MG360 sedan.

The company contacted Financial Tribune saying the previous prices of 530…

A fire was reported at the Tabriz factory of Iran Khodro (ICKO) on Sunday afternoon with large plumes of smoke bellowing across the sky, according to several reports.

Fire crews responded…

The US Ford Motor Co. is replacing CEO Mark Fields amid questions about its current performance and future strategy. CEO Mark Fields is “retiring” at age 56 after 28 years at the company, said a…