Economy

While businesses are eagerly awaiting the unification of foreign exchange rates, the head of the Tehran Chamber of Commerce, Industries, Mines and Agriculture says conditions are rife for the long…

Iranian Zinc Mines Development Company’s subsidiaries produced 7,978 tons of zinc ingots in the Iranian month ending September 21, indicating a 10% growth in output compared with last year’s…

The Iranian Privatization Organization is lining up its largest initial public offerings of the year, amid a bearish market with low demand for risky assets, as it tries to help bridge the gap in…

Figures by the Central Bank of Iran show the government earned 50.1 trillion rials ($1.4 billion at exchange market rates) from income tax revenues in the four months of the current Iranian year (…

Chinese cross-border eCommerce company Global OConnect has launched its Foshan City home furnishing exhibition in the Iranian capital, Tehran.

Tehran Stock Exchange’s main index gained 178.50 points or 0.23% to end Saturday trade at 77,478.8 and reach its highest in four weeks.

More than 1.07 billion shares valued at $59.7 million…

Work on the development of the southeastern port and special economic zone of Chabahar in Sistan-Baluchestan Province is making rapid progress.

"Iran has received a $235 million credit…

RAJA Rail Transportation Company is planning to purchase 250 new wagons to renovate its aging fleet, says the newly-appointed managing director of the company, Mohammad Rajabi. He put the average…

Close to 522,000 tons of goods worth more than $600 million were exported to Afghanistan from Dogharoun Customs Office in the border city of Taybad located in Khorasan Razavi Province.

Official figures by the Ministry of Cooperatives, Labor and Social Welfare show 106,491 or 52% of the country’s 205,455 registered cooperatives until the end of the fifth Iranian month Mordad (…

Afra Motor, an Iranian auto importing firm, has unveiled two models of the British handmade Lotus sports cars in Iran.  According to local automotive website Carnet.ir, the two models were…

The first product of a Sino-Iranian joint venture is to be unveiled this week.

“MG 360 is the newest car to be produced in Iran,” CEO of Iran Khodro Azarbaijan Nasser Naqdi announced on…

An industrial delegation headed by SAIPA visited Lebanon last week to look at business opportunities.

During the trip, SAIPA’s CEO Mehdi Jamali said he was looking at setting up an official…

Yazd Tire, a major Iranian tire producer, announced that it is aiming to double its production capacity.

According to Eskandar Sotoudeh, CEO of Yazd Tire, the company aims to produce 9,000…

The Iranian banking sector’s total lending amounted to 1.7 quadrillion rials ($54 billion) in the five months to August 20 -- a 39% growth compared with the corresponding period last year.

The total number of home sales in Tehran city reached 83,199 during the first half of the Iranian fiscal year (started March 20), marking a 14.7% growth compared with the same period last year.…

A board member of Iran’s main housing mortgage bank says it will issue 100 trillion rials ($3.17 billion) worth of mortgage backed securities (MBS) in the fiscal year that ends in March 2017. The…

The state-owned Bank Keshavarzi Iran, specializing in financing the agriculture sector, will double its capital by the end of the current fiscal year (March 2017), said deputy minister of…

In talks with the governor of the Central Bank of Iran in Athens, the deputy Greek prime minister expressed his country’s interest in expanding ties with Tehran.

“Our ties to the Islamic…

Tapping into underdeveloped markets provides growth potential for both Boeing and Airbus.

On September 21, Boeing and Airbus individually announced that the US Treasury Department will…

Iran’s pension funds are in financial trouble and are creating a huge drag on government finances, according to their executives and government officials. They are struggling to weather the…

Tehran Stock Exchange's benchmark index, TEDPIX, gained 849 points or 1.1% during the trading week that ended pn September 28 to close at 77,300.

TSE trading week begins on Saturday and…

Renault has reached a deal with Iran's government to open a plant for making at least 150,000 vehicles a year, as European companies race for a share of Iran's market now that international…

India’s government has asked state-controlled National Aluminum Company Ltd, better known as NALCO, to rethink its overseas expansion plans, including a proposal to set up a $2 billion smelter…

German Economy Minister Sigmar Gabriel is leading a large delegation of business executives to Iran for two days starting Sunday to discuss potential business deals after a historic nuclear accord…