Economy

A containership owned by South Korea’s Hyundai Merchant Marine Co. has berthed at Iran’s Shahid Rajaee Port in the southern Hormozgan Province, said head of Hormozgan Ports and Maritime…

An international forum dubbed ‘Showcase Iran 2016’ has been scheduled for London October 3-4 with the aim of helping UK and European businesses  explore investment opportunities in Iran after…

Iran exported 333,800 tons of non-oil goods worth $216.2 million to Italy during the first four months of the current fiscal year (March 20-July 21), registering an 11% rise compared to the…

All railroad stations in the major cities will be linked to rail-based commuting systems, especially in the newly-emerging new cities, according to CEO of the Islamic Republic of Iran Railways,…

Iran will retaliate against Turkmenistan's recent decision to increase tariffs on Iranian transit trucks, says director general of the Transit and Border Terminals Bureau of Iran's Road…

If the government uses its declared plan to unify foreign exchange rates to plug its budget deficit, it would counteract its disinflationary policies, said the chairman of Majlis Economic…

The Central Insurance of Iran has called on insurance companies to provide the latest data about the performance of their agents on their websites, in line with plans to enhance transparency in…

The government has been holding talks with banks to help pull the housing sector out of recession, since “stagnation in the housing sector is not acceptable, not even in the short run”, said the…

Bahar-e Azadi gold coin lost 90,000 rials of its value in Tehran’s market on Saturday, marking a 0.81% drop compared with the previous day’s close. The benchmark gold coin sold for 11.09 million…

South Korea’s POSCO is expected to complete by next month a feasibility study for the construction of a steel plant in Iran.

The company signed a memorandum of understanding aimed at…

As Iraq has reduced its imports from other countries due to the steep decline in international oil prices, costs of the bloody war with IS terrorists and the subsequent budget deficit, Iranian…

Tehran Stock Exchange’s main index inched up by 28.30 points or 0.04% to end Saturday trade at 78,218.8.

More than 1.1 billion shares valued at $66.3 million changed hands for the day.

First Vice President Es’haq Jahangiri says downsizing the government and improving productivity have always been incorporated into development plans. “But, unfortunately, what happened was that…

Egypt and Turkey led a slump in Middle East gold demand in the second quarter, with only Iran showing gains in the region’s investment and jewelry consumption. Middle East jewelry demand declined…

Foreign partners striking deals with Iranian companies must be obliged to export the jointly manufactured products over a period of five years. “This will help control prices and enhance quality…

Although Lyft is looking for money to compete with Uber, the ridesharing company turned down an offer to be purchased by General Motors.

According to Tech Insider, citing a report by The…

A few months back, BMW had said the i3’s battery upgrade for the 2017 model year will give the electric vehicle a 40% jump in single-charge range and it’s now official.

The US Environmental…

Lawyers for Volkswagen AG vehicle owners will seek up to $332.5 million in fees and costs for their work in a $10 billion settlement over claims the automaker used software to cheat on emissions…

Over 110 local and foreign auto firms will attend International Urmia Motor Show in West Azarbaijan Province on September 6-9, said the director of the fair.

“The motor show will be held at…

With the lifting of sanctions, trade between Moscow and Tehran has grown 70.9% in year-on-year terms, according to Russia's ambassador to Iran, Levan Dzhagaryan.

Since sanctions against…

The Minister of Cooperatives, Labor and Social Affairs Ali Rabiei says four million people will be removed from the list of cash subsidies as per a decision by the parliament.

“We take into…

Iran’s economy is saddled by more than the economic sanctions. Shackles that have plagued it for years have grown stronger in the past decade and linger in the post sanctions era. These are the…

Non-oil exports should increase by $10 billion in the current fiscal year (ends in March 2017), according to the deputy minister of industries, mining and trade, Reza Rahmani.

“At…

Close to 1,430 tons of hand-woven carpets worth $83 million were exported to 80 countries during the first four months of the current Iranian year (March 20-July 20, 2016), with the US being the…

Up to 7 million people are unemployed in Iran of which four million lack the skills and training to be employed in any profession, according to deputy minister of cooperatives, labor and social…