Economy

Wholesale Iranian saffron is smuggled to the neighboring country of Afghanistan from where it is exported, at a zero percent tariff, to India and China, while the same countries have set a 30%…

Iran exported more than 25.5 million tons of mineral products worth over $3.4 billion during the first half of the current fiscal year (started March 20), registering a 25.36% and 15.63% growth in…

Tehran Stock Exchange’s main index gained 70 points or 0.09% to end Tuesday trade at 77,335.3.

More than 1.7 billion shares valued at $106.8 million changed hands for the day.

Melli…

Majlis Article 90 Commission put forth a 10-point proposal for organizing executive pay in the government in Tuesday’s parliamentary meeting. The report called for an overhaul of the government’s…

Iran’s national budget for 2017-18 will be prepared based on unified exchange rates, Masoud Nili, President Hassan Rouhani’s economic advisor said on Tuesday.

Belgium’s export credit agency – the Credendo Group – announced that it has upgraded Iran´s medium-long term political risk classification to category 5.

The International Monetary Fund is forecasting an improvement in sustainability for Iran in 2016-17 as better economic conditions herald more robust growth prospects for the country.

Reyl Bank has announced that it is opening bank accounts for Iranian individuals and companies through its branches in Geneva and Dubai, allowing accountholders to transfer money, said Sharif…

Toyota Motor Corp on September 3 unveiled a doe-eyed palm-sized robot, dubbed Kirobo Mini, designed as a synthetic baby companion in Japan, where plummeting birthrates have left many women…

Minister of Communications and Information Technology Mahmoud Vaezi is attending the 26th Universal Postal Congress in Istanbul. The congress brings together some 2,500 delegates from 192…

Google is expected to unveil new smartphones at an event on October 4, the company’s latest effort to sell a Google-branded device and challenge Apple at the high end of the market.

The eighth Entrepreneurship and Business Development Festival will be hosted by Sharif University of Technology this winter.  

Known as “VC Cup”, the event was first initiated by the…

Several banks and credit institutions have been chosen as agent banks for offering forex services by the National Development Fund of Iran estimated to be worth over $23 billion.

Ahmad…

Monetary policy has once again taken center stage. From the controversy engulfing the ultra-low rates championed by the European Central Bank (ECB) to Donald Trump accusing Janet Yellen, the chair…

Adjusting to time and needs and addressing the mounting challenges of the housing market has emerged as a preoccupation of the Ministry of Roads and Urban Development, according to the minister.…

President Hassan Rouhani enacted the law for Iran’s membership in the Asian Infrastructural Investment Bank to the Ministry of Finance and Economic Affairs on Monday. The declaration comes after…

Bangladeshi Industries Minister Amir Hossain Amu arrived in Isfahan Province on Sunday to discuss opportunities of bilateral cooperation with the province’s Governor-General Rasoul Zargarpour in…

German firms have signed 10 business agreements with Iranian partners during the fifth session of Iran-Germany Economic Commission in Tehran on Monday.

The European country’s Vice…

The Oil Ministry plans to sell 100,000 barrels of Iran’s export grade crude oil on the Iran Energy Exchange.

“The plan currently awaits the Securities and Exchange Organization’s approval…

Tehran Stock Exchange’s main index lost 22.30 points or 0.03% to end Monday trade at 77,265.3.

More than 1.38 million shares valued at $84.1 million changed hands for the day.

Negin…

Iran’s motor oil exports stood at more than $960 million during the first five months of the current Iranian year (started March 20), according to an official with Iran Trade Promotion…

Iran’s annual gemstone exports amount to 240 billion rials ($67 million at market exchange rate), with turquoise and agate accounting for the lion’s share of the exports.

The global trade…

Turkish companies’ garment exports to Iran hit $237 million in the first eight months of 2016, with a 219% increase compared with the same period of a year before, the president of Istanbul …

Close to 1.1 million households participated online in the eighth round of the National Population and Housing Census since it began on Sept. 24 up to 6 a.m. on Oct. 3, according to the head of…

A high-ranking delegation from France’s Peugeot-Citroen (PSA Group) will visit Iran this week to launch the “executive phase” of the new joint venture with Iran Khodro Company, known as IKAP.