Economy

The head of Tehran Builders’ Association says new schemes by the Central Bank of Iran and the Ministry of Roads and Urban Development will channel more money into production sectors that in turn…

Diesel-fueled vehicles without insurance cover have been banned from buying subsidized diesel as of July 22. Transportation and Fuel Management Organization had warned 54,000 commercial…

The Export Development Bank of Iran is offering cheaper loans to creditworthy exporters, EDBI website reported on Saturday.   Exporters with an  ‘A’ rating or higher , members of…

Sri Lanka’s cash-strapped national carrier is in talks to lease some of its new Airbus aircraft to Pakistan and Iran to reduce a $1 billion loss, a minister said Thursday.

Referring to the unreasonable salaries paid to senior officials and executives, now infamously referred to as “astronomical salaries”, a member of Majlis Legal and Judicial Commission said all…

Majlis and its Economic Commission will decide about details of Iran’s agreement with the Financial Action Task Force, said Ammer Kabi, a member of the commission.

“Iran’s commitments to…

About 2,000 tons of cosmetic products worth more than $21.6 million were imported to Iran in the first three months of the current Iranian year (started March 20), according to the Islamic…

Iran exported more than 57,800 tons of goods worth $46.9 million to Russia in the first three months of the current Iranian year (started March 20), which indicates a 4% decline over the similar…

To help promote exports and facilitate exchange of goods and services in target markets, Iran is opening trade offices in some African countries, said Reza Abbasqoli, an official with the Trade…

Following an official visit by EU officials to Iran earlier in July, the European block is planning another visit to take place in October with a focus on promoting cooperation in a range of…

Agreements for Iran to buy more than 200 jetliners from Boeing and Airbus, the most prominent commercial outcomes of the nuclear accord reached a year ago, face delays that could reduce or even…

Mobarakeh Steel Company plans to expand steel production capacity by more than 10 million tons per year by the end of November, the managing director of MSC said. Bahram Sobhani added that this…

The annual earnings season for Iran’s exchange-listed companies ended on Thursday, while 10 major commercial lenders’ shares remained closed for trading, as they failed to hold their general…

In a significant development for Indian garment exporters, Iran has agreed to slash import duties on Indian textile products by 20-25% in two years.

Iran has signed a memorandum of…

Tehran Stock Exchange's main index gained 420.20 points or 0.56% to end Saturday trade at 74,934.3.

More than 585 million shares valued at $36.6 million changed hands for the day.

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Iran is the second leading producer of lead and zinc in the Middle East and North Africa region after Turkey, according to a report recently published by the US Geological Survey on Iran’s nonfuel…

Arian Motors, the official representative of Citroen DS in Iran, will unveil the Chinese-derived DS6 in the coming week.The DS6 is a compact SUV designed specifically for the Chinese market and is…

Iran’s largest carmaker Iran Khodro Company (IKCO) is planning to sell 28 of its subsidiary companies by the end of the current Iranian year (March 20, 2017), the company’s CEO said on July 20.

Hyundai Motor Group’s global R&D chief seems unruffled by the industry hubbub over new mobility.

Vice Chairman Yang Woong-chul said Google won’t challenge old-school metal-benders by…

A 45-strong delegation from Russia’s Astrakhan headed by the province’s governor, Alexander Alexandrovich Zhilkin are due to visit Tehran on July 25 to take part in a meeting of Iran-Russia…

The Iranian private sector has invested 3 trillion rials (more than $85 million at market exchange rate) for the construction of four berths in Anzali Port and Free Trade Zone in the northern…

The goods and services Consumer Price Index for urban areas increased 9% in the 12-month period ending July 21, which marks the end of the Iranian month of Tir, compared with last year’s…

The fourth meeting of Iran-Pakistan Border Trade Committee concluded in Quetta on Wednesday by agreeing to increase bilateral trade from the current $1 billion to $5 billion per year.

Minister of Economy and Finance Ali Tayyebnia’s final day of his official visit to Kenya last week (Iranian weekdays end Friday) was packed with meetings with government officials.

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Referring to unreasonably high salaries of some senior officials, the president of the Central Insurance of Iran said a part of the wages, perks and bonuses plus huge loans outside the norm of the…