Economy

Tehran will host the National Tournament of Videogames for the second consecutive year. The event has been scheduled from August 26 to September 4 at the capital’s Milad Tower and is organized by…

The government's total debts amounted to 6 quadrillion rials ($193.6 billion at the official exchange rate), said Economy Minister Ali Tayyebnia.

Unreal foreign currency rates, high import tariffs and lenient penalties for smugglers are adding fuel to the fire of illegal trade. This complaint was made by Mohsen Bahrami Arz Aghdas, head of…

Cooperation between Russia and Iran in the pharmaceuticals sector is on the upswing. Recently, Petrovax Pharm, a leading Russian pharmaceuticals innovator, signed a deal with Iranian counterpart…

Indian steel and energy company Jindal Steel and Power Limited says it will ship head hardened rails – a specialty finished steel product – to Iran. The unique product which has applications in…

Khuzestan Oxin Steel Company’s first shipment of rolled steel products valued at about $4.4 million was exported to Germany and Italy last week via Khuzestan Province’s Imam Khomeini Port, the…

Tehran Stock Exchange’s main index gained 469.82 points or 0.60% to end Saturday trade at 78,326.3. This is TSE’s 15th day of straight gains.

More than 1.3 billion shares valued at $92…

Iran exported more than 100 tons of women’s socks worth $1.13 million during the first three months of the current Iranian year that ended in March, the Persian-language daily Donya-e Eqtesad…

A delegation of Iranian businessmen led by deputy head of Iran Chamber of Commerce, Industries, Mines and Agriculture, Pedram Soltani, are scheduled to visit Switzerland September 20-23.

The Aviation High Council has allowed investors with as little as 300 billion rials ($8.57 million) and even one plane with less 100 seats to establish airlines provided that they limit their…

Iran exported more than $2.4 billion worth of non-oil products to Iraq during the first four months of the current Iranian year (March 20-July 20, 2016), which indicates a 23% rise in compared…

A Japanese delegation will visit Tehran in December to discuss a deal to sell short-haul planes made by Mitsubishi Aircraft Corporation to Iran, according to deputy Transport Minister Asghar…

Trade between Iran and Brazil stood at $475.4 million during the past Iranian year that ended in March – down 4.5% compared to the preceding year.

Iran’s imports reached $451.8 million…

As part of the sixth five-year development plan (2016-21), the supervisory and disciplinary authority of the Central Bank of Iran over the money market, particularly financial and credit…

Monetary and Banking Research Institute, affiliated with the Central Bank of Iran, has begun studying ways though which the country could adopt EMV chip card standards, helping the country relink…

A senior member of the Central Bank of Iran’s Fiqh Council hoped that with the newly-enhanced legal status of the council, it can soon begin its efforts in an official vein and increase people’s…

In cooperation with the German-Iranian Chamber of Commerce and Industry (AHK Iran), The Business Year, a London-based research firm and publisher of annual economic resources, this week held in…

The Ministry of Industries, Mining and Trade and the Headquarters for Combating Smuggling of Goods and Foreign Currency have joined forces to stop contraband auto parts from entering the country…

According to the latest production figure released by the Ministry of Industries, Mining and Trade, Iran manufactured 95,314 passenger vehicles in the last Iranian month (June 21-July 21).

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Tesla Motors Inc. disclosed $1.1 billion in third quarter cash requirements in payments and planned expenditures, about a third of the cash on hand mid-year, in a new sign of pressure on the…

Arian Motor, the sole distributor of Mitsubishi cars and Citroen’s premium DS brand in Iran, reported that the company’s sales strategy has proven successful.

The vice-governor of the Central Bank of Iran says although re-establishing banking links with major global banks is a time-consuming process, the government will nonetheless push to revive …

The director of the Export Guarantee Fund of Iran announced that Iran’s forex resources are close to $100 billion. Seyyed Kamal Seyyed Ali said the size of the country’s foreign currency resources…

The Banking Overhaul Plan, signed by President Hassan Rouhani in early July, allows the banking sector to finance innovative schemes, which “will positively impact the growth of the knowledge-…

A recent decision by the Supreme Council of the Insurance Industry to lower the rate of return for term life insurance policies and shorten the minimum duration of their contracts has jeopardized…