Economy

Iranian families living in urban areas spent an average of 234.865 million rials ($7,831 at official exchange rate) over the past Iranian year (ended March 20, 2015).

The figure registers a…

Deputy President of South Africa Cyril Ramaphosa is due to arrive in Tehran on Saturday at the head of a 160-member trade delegation, announced deputy foreign minister for Arab and African affairs…

Shatel Internet, Iran’s oldest ADSL provider, has announced at a press conference that it can now offer users 100 Mbps to 300 Mbps Internet connections.  The group’s President Mohammad Hassan…

Following a week of disturbances for both ADSL Internet and mobile Internet services, the country’s minister in charge of the sector has officially apologized.

Mahmoud Vaezi, the…

Toyota is investing $1 billion in a research company it is setting up in Silicon Valley to develop artificial intelligence and robotics, underlining the Japanese automaker’s determination to lead…

Unification of foreign exchange rates is now viable and official exchange rates are now closer to the free market prices, CEO of Parsian Bank, Kurosh Parvizian said, the Trade Promotion…

The first phase of loans to help Iranians buy domestically-manufactured products will be launched in cooperation with the Central Bank of Iran next week, an official with the Ministry of…

The Central Bank of Iran and Iran Chamber of Commerce will support the formation of the National Association of Leasing Companies by merging the existing unions to help lift the leasing sector.

The Minister of Roads and Urban Development has announced plans for renovating the air transport fleet through rent-to-buy leasing contracts.

Banks lent different sectors a total of 1.6 quadrillion  rials ($53.4 billion at the official exchange rate) in the first half of the calendar year (started March 21), marking an increase of…

Iranian insurance companies paid 57.7 trillion rials($ 1.9 billion at the official exchange rate) in claims settlement to policyholders during the first six months of the calendar year (Started…

The goods and services Consumer Price Index for rural areas in the 12-month period ending October 22, which marks the end of the Iranian month of Mehr, increased 12.7% compared with last year’s…

Authorities have shut down a counterfeit KFC fast food restaurant in Tehran. “No license has been issued for KFC or McDonalds, as the two US brands have not declared any intention for starting…

More than 170,000 tons of wood valued at $86.7 million were imported in the first six months of the current Iranian year (March 21-September 22), showing an increase of 25% in volume and 13.7% in…

During the past many months, much has been said by Iranian officials about the necessity of attracting foreign direct investment in the post-sanctions era.

President Hassan Rouhani…

Iran does not seek to import German consumer goods, but is interested in joint production with the European country, said managing director of Germany-Iran Chamber of Industries and Commerce.

Iran’s non-oil foreign trade during the first seven months of the current Iranian year (started March 21) stood at about $48 billion, according to the latest report by the Islamic Republic of Iran…

Tehran Stock Exchange snapped its three-day downward trend on Wednesday, as TEDPIX gained 115.80 points or 0.18% at the day’s close to settle at 62,927.4.

Iran Mercantile Exchange’s export trading board witnessed 500 tons of super bright polyethylene terephthalate and 506 tons of TG641 polyethylene terephthalate supplied by Shahid Tondgooyan…

Iran’s industrial sector contracted more than 1% in the first half of the current fiscal year (started March 21).

The sector generates over 40% of Iran’s gross domestic product and its…

If the present progress is maintained, the historic deal between Iran and world on Tehran’s nuclear program could see the unfreezing of overseas assets and the removal of most sanctions on Iran as…

State-run Steel Authority of India Limited, also known as SAIL, would supply rails for the major railroad network expansion plan in Iran.

SAIL has bagged an export contract to supply about…

CEOs of three Italian steel and aluminum giants have proposed investment in Iran’s steel and aluminum sectors. This was announced by their heads in a meeting with Deputy Minister of Industries,…

Daimler is looking to revive assembly and manufacturing operations in Iran, as it continues to hold discussions with its former local partners in hopes that sales opportunities there could help…

Once terrorists groups are pushed out of Syria's key regions, Iran Khodro Company will resume production in the embattled region, the deputy CEO for exports at Iran's largest vehicle manufacturing…