Economy

Iranian aviation is being revitalized with the long-term prospects of reestablishing a global hub in Tehran.

Gold options trading started on Iran Mercantile Exchange on Wednesday.  The options are being traded through brokers for the time being but, according to IME CEO Hamed Soltani-Nejad, their…

A 10-member delegation of Mobarakeh Steel Company of Iran is in Karachi to examine the possibility of acquiring Pakistan Steel Mills, Pakistan Today reported.

Secretary of Industries and…

The recent news about a possible cut in the import duty on flat steel products entering Iran has led to a halt in trading, Metal Bulletin learnt on December 28.

The exact date when the…

With the surge in foreign exchange rates in Iran cell phone prices have shot up  15% in just two weeks. Head of Iran’s Telecommunications Guild, Gholamhossein Karimi, in an interview with…

Changing Iran’s official monetary unit from rial to toman would cost a hefty 30 trillion rials ($922.7 million), announced the head of Majlis Economic Commission.

A private-sector representative has welcomed the Central Bank of Iran’s recent decision to allow banks to handle foreign exchange transactions at a free-market rate by calling it a “good…

Iranian insurance firms generated 21.7 trillion rials ($525.9 million at market exchange rate) from selling life policies during the eight months to November 20, marking a 37.19% growth compared…

Azerbaijan intends to expand banking cooperation with Iran, said Azerbaijan’s Economy Minister Shahin Mustafayev. “Banking is one of the most prospective fields for the expansion of Azerbaijani-…

The government of President Hassan Rouhani is among the world’s top five in generating an annual average of 704,000 jobs, a senior presidential advisor said.

“But this extraordinary…

Earlier this month, Boeing signed a deal with Iran Air for 80 jetliners valued at $16.6 billion. However, on December 25, Iran Air revealed that it has negotiated to pay only half the announced…

Close to 25,000 tons of red meat and 50,000 tons of chicken have been stocked to adjust prices in the domestic market, says the CEO of Livestock Affairs Support Company, affiliated with the…

Tehran Stock Exchange’s main index lost 109 points or 0.14% to end Wednesday trade at 79,691.8.

More than 1.1 billion shares valued at $55.2 million changed hands for the day.

Tehran…

Twenty-three illegal online providers of stock market analysis and investment services have been blocked by Securities and Exchange Organization, SEO’s deputy for legal and securities affairs,…

The average inflation rate for the Iranian month Azar (ended December 20) stood at 8.6% almost unchanged compared to the previous month, implying that the indicator may be putting the brakes on…

The videogame market in Iran is worth 2 trillion rials (more than $48.4 million at market exchange rate) per month, while Iranian producers and games account for less than 5% of this sum,…

The National Confederation of Entrepreneurs Organization of Azerbaijan and the Iran Chamber of Commerce, Industries, Mines and Agriculture have signed a memorandum of understanding.

The…

Swedish Prime Minister Stefan Lofven is scheduled to visit Iran at the head of an economic delegation next February, said Swedish ambassador to AIran Helena Sangeland. She made the announcement in…

Iranian ports loaded and unloaded more than 93.5 million tons of oil and non-oil products during the eight months to November 20, registering a 6.6% increase compared with last year’s…

Tehran is hosting an exhibition of domestically-made furniture.

Iraq plans to link its railroad network with that of neighboring Iran, the state-run Iraqi Republic Railways announced on Tuesday, noting that several international companies had already voiced…

Belarusian bus builder Belkommunmash plans to sell all-electric buses to Tehran, according to a report from that country on December 26.

The development comes as that country’s deputy prime…

The 2017 Suzuki Swift has been revealed in Japan ahead of a European debut in Geneva featuring updated styling and a hybrid drivetrain option.

The Swift’s styling has evolved rather than…

Iran’s second largest auto manufacturer released its sales and production report for the first nine months of the current fiscal year that started in March and said sales had increased month-on-…

Renault’s local import representative, Negin Khodro, officially opened their new showroom in  Aghdasieh district in northern Tehran on December 26, Asbe Bokhar, local automotive website…