Economy

A trade delegation from Italy's Lombardy region is scheduled to arrive in Tehran on November 12.

According to the IMF, Iran’s GDP is projected to go up 5% this year and next and may reach 8% by 2022. To make this happen the country needs $230 billion in domestic and foreign investments.

The government favors plans for selling residential units in installments as it helps boost the market without direct government involvement in the construction process.

Iran's nuclear deal with world powers has provided a big boost to its international trade and economy as a whole, says a deputy economy minister.

"There has been good progress in…

Officials from the Central Bank of Iran and the judiciary have discussed the state of cyber security in financial markets.

Davoud Mohammad Beigi, director of CBI’s department for payment…

Bananas could be imported at a low tariff rate of 5%, provided raisins are exported in return, based on a regulation ratified by the Cabinet’s Wednesday meeting.

Export subsidy was…

Tehran Stock Exchange’s main index shed 417.40 points or 0.52% to end Saturday trade at 79,253.5.

More than 626 million shares valued at $48 million changed hands for the day.

…

To streamline regulations and cut operating costs of tourism facilities, a government directive approved last year has gone into effect, reducing tariffs for assessment of tourism facilities.

Oil was the main driver of economic growth in the first half of the current Iranian year (started March 20), but economic researcher Hamid Azarmand believes its direct impact will wear off as we…

Iran exported more than 346,600 tons of non-oil goods worth $50.1 million to Indonesia during the first half of the current Iranian year (started March 20), registering a 40% rise in value…

More than 9.7 million tons of oil and non-oil goods were transported via rail to and from Shahid Rajaei Port in the southern Hormozgan Province during the seven months of the current Iranian year…

Iran exported seafood worth $110 million during the first six months of the current fiscal year (started March 20), the head of Iran Fisheries Organization said. Hassan Salehi added that the…

Over 70% of Iranian shirt-makers are on the verge of bankruptcy with some operating at 20% of their capacity, the head of Tehran Shirt-Makers Association said. Javad Doroudian blamed the absence…

The First International Exhibition of Transportation and Logistics, Road Construction, Road Maintenance and Related Industries, otherwise known as Iran Trans Expo 2016, is scheduled to be held in…

On the northeastern outskirts of Tehran stands a building with a blue glass facade built by Pars Online, an Internet service provider run by the Fateh brothers.

It was finished two years…

Media Motors, the main distributor of MG cars in Iran, is offering sales packages for MG6 with a loan of $17,000. The car is priced at 1,370,000,000 rials ($39,000 at market exchange rate). Car…

Western European car sales fell 1% in October as the French and German markets weakened, according to industry data compiled by LMC Automotive.

Registrations last month were 1.05 million…

Mega Motor, one of Iran’s largest auto parts manufacturers, has broken its previous daily production record by making 1,800 auto parts per day during the first seven months of the current Iranian…

France’s top automaker Renault has reportedly decided to start assembling cars in Pakistan by 2018 under the newly approved incentives announced in its five-year auto policy, official sources said…

Iran’s automotive production observed a 26.1% year-on-year jump during the first seven months of the current Iranian year (started March 20).

During this period, Iranian auto manufacturers…

Despite the challenges surrounding the drop in global oil prices and the Iranian government experiencing problems in financial cash flow due to years of sanctions, Iran’s construction market is…

Talks are underway for freeing Iranian insurance companies’ frozen assets overseas, the Central Insurance company of Iran’s deputy director for reinsurance said, noting that insurers will receive…

Bank Sepah plans to open branches in China and South Korea, a board member of the bank said.

"Bank Sepah has plans to increase its share in establishing branches and to set up new branches…

Six insurance firms operating in free trade zones recorded a whopping 81.1% growth in total generated premiums during the first half of the fiscal year that ended on September…

The Eurasian Economic Union (EEU) has begun discussion on having a privileged trade agreement with Iran at the initiation of Armenia, the Armenian deputy minister of foreign affairs said. “When we…