Economy

Efforts are underway to set up an electronic budget management system to promote monetary discipline and monitor government debts, the Economy Minister Ali Tayyebnia said.

The Iranian government’s tradition of printing money to cover fiscal gaps is coming to an end. It is signaling to the public and international investors that it is moving toward a modern financing…

The agreement reached between Iran and world powers in Vienna, Austria, in July over the country’s nuclear program and the prospective lifting of sanctions is reopening the Iranian economy to…

The government plans to purchase 500 short, middle and long-range passenger planes by 2025, Mehr News Agency quoted Minister of Roads and Urban Development Abbas Akhoundi as saying on Friday.

Ahead of lifting of sanctions against Tehran, India’s President Pranab Mukherjee has pressed for reviving the long talked about Iran-Pakistan-India (IPI) gas pipeline and using Chabahar Port to…

Iran’s first successfully cloned sheep was born on September 30, 2006, from an adult cell in a test tube. Nine years since that historic day, the country is making rapid progress in the field of…

London's transport chiefs announced plans on Wednesday to tighten control on private hire vehicles, a move that could hit app-based ride-hailing firms such as Uber.

It costs Apple an estimated $236 to make and assemble its new iPhone 6s Plus, roughly one-third the $749 retail price of the smartphone, according to a teardown analysis by IHS Technology.

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Iran's Minister of Industries, Mining and Trade Mohammad Reza Nematzadeh has stressed the importance of bolstering cooperation, instead of competition, between neighboring and Muslim countries.

The Customs Bureau of Markazi Province earned more than $84 million in revenue via import and exports of goods during the first six months of the current Iranian year (started March 21),…

During a meeting between head of Tehran’s Chamber of Commerce, Industries, Mines and Agriculturee, Masoud Khansari, who was accompanied by a 20-strong trade delegation, and Romania’s Minister of…

An agreement has been finalized between Iran and Russia’s veterinary organizations regarding the safety of Iranian chickens and now traders can start chicken exports to Russia, announced deputy…

Trade value at Tehran Stock Exchange registered a year-to-date record low on Wednesday in the absence of a practical trigger to help the equity market get back on track.

Close to 261…

The Industrial Production Index reached 85.9 in the first quarter of the current Iranian year (started March 21), showing a 2% decline compared to the similar period of last year.

The index…

More than 167,000 tons of commodities were offered in Iran Mercantile Exchange’s spot market on Wednesday, including over 110,000 tons of bitumen both for local and foreign customers, the IME…

Foreign investors can register mining firms in Iran with 100% ownership rights, said deputy minister of economic affairs and finance, Mohammad Khazaei on Wednesday during the 4th conference on…

The barriers and objections to Iran-US economic relations will not be everlasting.

This declaration by President Hassan Rouhani in a meeting with the executives of American companies in New…

Kerman Province accounts for one-third of the country’s total date production, said the head of Iran Date Association and member of Kerman Chamber of Commerce, Industries, Mining and Agriculture.…

India’s Minister of Road Transport and Highways Nitin Jairam Gadkari, head of Swiss Department of Environment, Transport, Energy and Communications, Doris Leuthard, and Secretary General of…

There is a certain air of inevitability about Iran’s return to the international fold in the wake of the nuclear settlement between Tehran and the P5+1 group of international powers. Western…

A 30- strong British trade delegation is scheduled to visit Tehran on October 2 to witness Iran's economic situation firsthand and prepare for entering the country in the post-sanctions era.

More than $3 billion were invested by the private sector in Aras Free Trade and Industrial Zone during the first half of the current Iranian year (started March 21), said the managing director of…

About 2.8 million tons of goods worth $1.4 billion were exported to Iraq via Parviz Khan and Khosravi border terminals in Qasr-e-Shirin County, Kermanshah Province, during the first half of the…

Espite the Money and Credit Council’s directive in May to increase the ceiling for car loans to 150 million rials ($5,000 at the official exchange rate) Iranian banks refuse e to comply.

President Hassan Rouhani in a speech to the UN General Assembly on Sept.28 heralded the Joint Comprehensive Plan of Action as a new chapter in Iran’s relations with the outside world.