Economy

Expansion of transportation routes between Iran and India can bring about numerous economic benefits for both countries, said Iranian Roads and Urban Development Minister Abbas Akhoundi in a…

Value-added tax (VAT) rate will not increase next year, the government has announced.

In a bid to increase its share in international market, the Agricultural Jihad Organization of Khorasan Razavi is implementing 95 projects to improve the quality and quantity of domestically…

The government’s new decision to ease restrictions and issue legal permits for import of Marlboro cigarettes could cost smugglers’ 5-trillion-rial (about $150 million at market rate) in illegal…

The share of Iran in the 2-trillion-dollar Halal market stands at $5 million to $6 million, according to Abolhussein Fakhari, the secretary general of Global Halal Institute.

Foreign investors are showing more signs of interest in the Tehran Stock Exchange following new regulations on foreign investment. Brokerage companies and individual investors from across Europe…

South Korea has transferred $500 million to Iran to pay for crude oil imports under the interim nuclear deal that provides limited relief from sanctions, two sources with direct knowledge of the…

Uber, the mobile phone application that lets people pick up unofficial (illegal taxis) in over 80 cities worldwide has had an amazing ascension in recent months. Back in later summer, the online…

The dollar soared to an eight month-high versus the Iranian currency on Wednesday, extending its four-day rally.

Meanwhile, the Azadi bullion coin jumped to a two-month high on Wednesday,…

Economy minister Ali Tayebnia is in Istanbul to take part in the ministerial meeting of the 30th session of the Standing Committee for Economic and Commercial Cooperation of the Organization of…

The National Development Fund of Iran has no responsibility to grant loans for development projects, said the deputy of the fund at a conference that was held in the central city of Isfahan to…

The inflation rate for the 12 months ending on November 21 (Aban) reached 18.2 percent, down from 19.4 a month earlier, the Central Bank of Iran announced on Wednesday.

The CBI's report has…

Business activity in around 40 authorized special economic zones (SEZ) is close to zero, Akbar Torkan, the presidential advisor and secretary of the High Council of Free Zones, said on Tuesday.…

The government will continue its cash handout scheme, which already provides almost every Iranian citizen with a monthly pay of 455,000 rials ($17 based on official rate), throughout the next…

The governor of the Iranian southern province of Khuzestan, Abdol Hossein Moqtadai, met the governor of Iraq’s Basra Governorate, Majid Mahdi al Nasravi, on Wednesday in a bid to expand economic…

The first Iranian exhibition specialized in foodstuff, agricultural products, livestock and poultry opened in Herat on Tuesday, IRNA reported. More than 45 Iranian firms from the provinces of…

The Rouhani administration has issued a new directive that would ease the retirement law for Iranians working in “difficult and hazardous occupations,” Ali Rabiee, the labor minister, announced on…

The workers’ faction of the parliament has urged that the minimum wage for the next Iranian year (which starts on March 21, 2015) be raised to 16 million rials ($486 based on foreign exchange…

Despite the current annual demand for the import of 8.5 million metric tons of iron ore pellets, almost no Iranian port possesses the required infrastructure for such a high volume of the raw…

The agricultural trading floor at the Iran Mercantile Exchange (IME) was witnessing the trade of nearly 6,050 tons of various commodities for potential customers on Wednesday, IME’s public…

The 2nd International Iranian Auto Industry Conference, the IAIIC 2014, is scheduled to unveil the domestic auto industry’s new strategy, which defines the plans in line with the 2025 Vision Plan…

Stock indices slid further at Wednesday’s close, after dropping as much as 1.5 percent on Tuesday, dragging down the Tehran Stock Exchange (TSE)’s benchmark from its recent record highs.

The 20th edition of Iran’s International Exhibition of Electronic, Computers, and E-Commerce, Elecomp 2014, will not be organized by the Iranian ICT Guild organization (IIG). After the IIG…

More than 17,040,000 tons of iron ore has been produced within the first 7 months of the current Iranian year, ended October 22, IRIB reported. In addition, close to 520 tons of concentrated coal…

The rial fell for a second consecutive day against all major currencies and gold on Tuesday.

The US dollar edged up by 0.06 percent to 32,620 rials by 12:30 GMT. The greenback had advanced…