Economy

A total of 165,000 clunkers have been taken off the streets up to now, Iran’s Transportation and Fuel Management Headquarters announced.

In the last Iranian fiscal year (ended March 20,…

Iran's second largest vehicle manufacturer, SAIPA, has announced a plan that will allow owners of SAIPA cars to swap their secondhand cars and clunkers with newer models, said the company's sales…

Uber on Tuesday announced a partnership with a major Chinese automaker, as the controversial ride-sharing service revved up efforts in the country.

Uber and Guangzhou Automobile Group will…

With China making repeated attempts to wean away India from Chabahar Port upgrade, New Delhi is rushing through a $150-million credit line for Iran and is fast-tracking bilateral negotiations to…

The Export Guarantee Fund of Iran and Kaz Export Garant have signed a MoU on the sidelines of the 6th annual meeting of the Union of Islamic Credit Insurers in Muscat, EFGI said in a press release…

Iran’s gold export market could be revived after the economic sanctions are removed, the head of Gold and Jewelry Producers and Exporters Union said.

Iran and Azerbaijan have signed agreements to start a correspondent banking relationship by the end of next month, Minister of Communication and IT, Mahmoud Vaezi said on Tuesday. He added that…

The International Monetary Fund has forecasted bright prospects for Iranian economy for 2016-17, as economic sanctions against the country are expected to be lifted.

A prominent economist has warned against rent-seeking that the recent credit card scheme may lead to, banker.ir website reported.

Central Bank of Iran has obliged the banks to pay POS terminals’ transaction fees, scrapping an earlier proposal to charge businesses and terminal owners for POS transactions, CBI’s website…

First Vice President Es’haq Jahangiri opened the 17th Marine Industries Conference and Exhibition in Kish on Tuesday. The conference, which aims to introduce the capabilities and latest…

Trade between Iran and Austria has grown 20% in 2015 compared to the previous year and is estimated to increase by the same rate next year, says Austria’s commercial attaché to Iran, Thomas…

Iran’s economy will grow between 5-6% in the next fiscal year (starting March 20, 2016), while inflation will drop below 11%, said the government spokesperson in a press conference on Tuesday.…

Azerbaijan Republic is weighing the facilitation of visa issuance for Iranians, said the Azeri minister of economic development.

Shahin Mustafayev made the statement on the first day of the…

Iran Mercantile Exchange witnessed the supply of 43,882 tons of polymers, 38,100 tons of bitumen, 15,000 tons of vacuum bottoms and 8,000 tons of heavy lube cut on the oil and petrochemical…

Tehran Stock Exchange’s main index TEDPIX plummeted 104.30 points or 0.17% to close Tuesday trade at 61,414.2.

More than 335 million shares changed hands valued at $19.1 million with daily…

An Iranian researcher in Karolinska Medical University, Saeed Eshtad, has developed an anti-cancer drug whose first clinical test would be conducted in England next year. “The MTH1 project is an…

The year 2016 is likely to herald a new age in how we interact with technology.

With that in mind, Financial Tribune focuses on six technologies that are expected to make their mark in the…

The government has set the US dollar exchange rate at 29,997 rials in the 2016-17 proposed budget, slightly higher than this year's 29,850 rials.

An informed source told IRNA that the…

Easing of sanctions expected early next year plus transparency can and should pave the way for the much-needed economic revitalization, said Morteza Bank, a senior official in President Hassan…

The Iranian SHAPARAK payment and settlement network was selected as the best state-run electronic trade scheme at the general meeting of the Asia- Pacific Council for Trade Facilitation and…

For Iranians it is pretty normal to see a difference in inflation rates declared by the Statistical Center of Iran and the one announced by Central Bank of Iran.

Tehran Stock Exchange’s main index TEDPIX inched up 17.00 points or 0.03% on Monday to settle at 61,518.5.

Close to 380 million shares valued at $62.6 million were transacted, filing a…

Isfahan Steel Company–Iran’s biggest producer of structural steel–produced 1.4 million tons of steel during eight months ending November 21. According to the report by Bourse Press, the steelmaker…

Sanctions relief is closer than ever and not surprisingly, Iranians are eagerly waiting for the economic climate to change for the better.

Pundits, however, take a pragmatic approach and…