Economy

Irtoya, the local Toyota rep in Iran, launched a new after-sales and repairs hub in western Tehran on Thursday. The center, located on Azadi Street, is a 5,000-square-meter site and complies with…

President Hassan Rouhani will take the budget for the next fiscal year (starting March 2017) to the parliament in 14 days, the head of Budget and Planning Organization and government spokesman,…

The US dollar was traded at 36,800 rials in markets on Saturday -- a drop of 230 rials compared with the previous day’s close. The currency experienced surges during the last week crossing the…

Lloyd's of London, the British insurance firm, is to send international insurance marketing experts to Iran, to study potentials in the country's free trade zones, said the company’s chief…

A 10-12% annual increase in foreign exchange rates based on the inflation rate is not an anomaly, says a economist.

“Those who insist that currency rates must stay fixed should (also) keep…

A banking official admits a significant rise in the interbank interest rates, but denies reports that put the rates as high as 24%.

“Interbank interest rates have increased from 16% to 21%…

Tehran Stock Exchange’s main index inched up 10.23 points or 0.01% to end Saturday trade at 79,278.60.

More than 678 million shares valued at $41.5 million changed hands for the day.

The rise in steel prices in Iran could speed up significantly this week, although local demand is not strong.

The appreciation of the dollar against the Iranian rial, as well as concerns…

Airbus says it is evaluating the implications of a congressional vote that could block it and Boeing from providing jets to Iran, as a $27 billion order announced in January is at stake.

Markets in Tehran had a rocky month. Though they mostly traded sideways, both of Tehran’s equity exchanges hit record highs in the month.

However, the month’s calamitous event was Donald…

Iran Fara Bourse will list Iran Mercantile Exchange on its primary board. IME’s request was approved, but not before the exchange doubled its capital to 900 billion rials ($24.4 million at market…

Some 1,000 tons of cement and 28,000 tons of rebar are used every day for the construction of the Tehran-North Freeway, according to deputy minister of roads and urban development, Saeed…

A 50-strong commercial delegation from Slovenia headed by the southeast European country’s President Borut Pahor is scheduled to arrive in Tehran on Tuesday, Iran Chamber of Commerce, Industries,…

The meetings of the Fourth Brazil-Iran Economic Commission concluded in Brasilia on Friday.

Minister of Economic Affairs and Finance Ali Tayyebnia led the Iranian side to the joint…

A delegation comprising 45 representatives of the private sector headed by President of Tehran Chamber of Commerce, Industries, Mines and Agriculture Masoud Khansari has left Iran on Sunday for a…

The First International Exhibition of Horticulture, Inputs, Greenhouses, Related Industries, Machinery and Equipment, otherwise known as HIGEX 2016, will be held at Tehran Municipality’s…

Tehran has signed a €70 million contract with several foreign companies for executing a project on production of radiopharmaceuticals in Iran, the head of Atomic Energy Organization of Iran said…

Fiat Chrysler Automobiles said it has teamed up with US Internet giant Amazon to start selling cars online by offering an additional discount.

Initially only Italian buyers will be able to…

Iran’s Ministry of Communications and Information Technology has published statistics regarding telecoms infrastructure and subscriptions.

The new report indicates significant growth both…

One of president-elect Trump’s pre-election promises was to make Apple manufacture its products on US soil instead of China.

Now that the Republican is on his way to the White House, such a…

Production and consumption of gold has declined by two thirds during the past five years as a result of consecutive price swings, said Mohammad Keshti Arai, head of Tehran Gold and Jewelry Union…

Banks have recovered 203 trillion rials ($6.3 billion) of their non-performing loans during the past three years,” said Gholamreza Malekshoar, head of Central Bank of Iran’s Office for Banking…

The Central Bank of Iran is negotiating with international credit card issuers and preparing the infrastructure for the official reentry of the payments technology companies, says the bank…

Head of the Tehran Association of Realtors says the volume of real estate deals in the capital rose 18% since the start of autumn, a trend which he hopes would extend to other parts of the country…

India has carved a new geopolitical beginning in the Persian Gulf region by putting Chabahar in the grand canvas of its geo-economic calculus in the emerging Asian architecture.

However,…