Economy

An Azerbaijani business delegation, headed by Economy Minister Shahin Mustafayev, will visit Iran on February 22-24, Azerbaijan Export and Investment Promotion Foundation reported. The…

Minister of Roads and Urban Development Abbas Akhoundi’s impeachment vote is slated for Sunday, Iranian Parliament Speaker Ali Larijani said. 

This is the second time Akhoundi is…

A draft law that proposes the establishment of new border gates between Turkey and Iran was approved by the Turkish Grand National Assembly on Wednesday.

According to the draft law, two new…

Iranian cooperatives exported $2 billion worth of goods during the 10 months to January 19, 2017, according to deputy minister of cooperatives, labor and social welfare, Seyyed Hamid Kalantari. “…

A delegation from Iran’s Alborz Province met with Armenia’s deputy minister of economic development and investments, Emil Tarasyan, in Yerevan on Thursday to explore ways of improving bilateral…

Before the platters of roast lamb and fragrant rice were served, visiting executives squeezed into the front room of the Swedish ambassador’s home in Tehran to applaud ambitious plans to restore…

Buying activity in the Iranian flat steel market has continued to slow over the past week, as customers are still unwilling to purchase foreign material, Metal Bulletin reconfirmed on February 15…

Tehran Stock Exchange’s main index gained 397 points or 0.5% for the week that ended February 15 to close at 77,190.

TEDPIX snapped its downward trend after three…

Iran should invest in the Iraqi cement industry to have a sustained share in the neighboring market, the head of Iran-Iraq Chamber of Commerce said.

Iran aims to export 20 to 25 million tons of steel annually by 2025, it said in an official statement on Wednesday, up from a previous goal of 10 million tons.

Tehran has sought to boost…

Khorasan Steel Complex is in the final stage of a production expansion project and on its way to commission its second steelmaking unit.  The project will help the company strengthen its…

Echodyne, a radar array startup with investors including Bill Gates, his Microsoft cofounder Paul Allen’s Vulcan Capital, and Seattle’s own Madrona Ventures, just made what the company considers a…

Traffic police have sent a warning to ride hailing companies operating in Iran in what could be the latest push attempt to shut down the two biggest operators of the new and seemingly popular taxi…

Intelligent transportation and gas meters can be read on a phone: the Internet of Things is heading for Iran thanks to a deal announced February 16. Internet of Things (IoT) applications allows…

Chinese telecom equipment maker ZTE Corp warned on Tuesday that penalties it expects to incur for allegedly breaking US sanctions against Iran could impact its results.

Grounds have been prepared for unifying the foreign exchange rates, which will finally be accomplished "when macroeconomic conditions are agreeable", vice governor of the Central Bank of Iran said…

A new bank will be established with 100% Iranian share in Azerbaijan, Iran's Central Bank Chief Valiollah Seif said.

Interest rate cuts will be postponed until after the presidential elections in May, claims a bank chief executive.

The government has approved a proposal for setting the minimum capital required for establishing insurance firms during a Cabinet meeting on Sunday.

The measure also lowers the minimum…

About $91 million worth of medicinal herbs, including cumin, coriander and coriander seeds, henna and damask rose, were exported in the last Iranian year (March 2015-16).

At present 140,000…

Minister of Economic Affairs and Finance Ali Tayyebnia believes an 8% economic growth for the upcoming Iranian year (March 2017-18) is within reach, “if the political wrangling during presidential…

Tehran was the eighth most traffic-congested city among 30 cities in the world in 2015. 

According to secretary of Iran Urban Economics Scientific Association, Seyed Mohsen Tabatabaie…

Japan has extended $7 million as grant to the Islamic Republic of Iran Customs Administration to procure X-ray machines, says IRICA chief Masoud Karbasian.

Karbasian noted that up until now…

The government of President Hassan Rouhani has provided wide-ranging tax incentives to promote manufacturing, investment and non-oil exports, the head of the Iranian National Tax Administration…

Some 4,400 tons of Persian hand-woven carpets worth $275 million were exported from Iran during the 10 months to January 19, registering a 19% rise compared with the corresponding period of last…