Islamic Republic of Iran Customs Administration's latest report shows China remains Iran’s top trading partner.
Iran’s non-oil trade with the East Asian country totaled $22.28 billion in…
Economy
Economy
About $970 million worth of textile products and apparel were exported from Iran in the last fiscal year that ended on March 20, 2018, to register an increase of 15% compared to the year before…
Economy
Some $104 million in foreign direct investment were signed into agreement to be invested in Markazi Province in western Iran in the last fiscal year (March 2017-18).
Economy
Iran’s exports to Russia witnessed a 30% rise in 2017 compared to the year before to stand at $392 million, Iran’s commercial attaché to Russia announced.
Farhad Parand added that Iran…
Economy
Iran’s Minister for Roads and Urban Development Abbas Akhoundi expressed interest in exploring avenues available under the China-Pakistan Economic Corridor.
The minister is leading a…
Economy
Namibia said it is interested in working with Iran in the fields of agribusiness and agricultural production.
Namibia’s Deputy Prime Minister and Minister of International Relations…
Economy
Tehran Municipality submitted a bill to the city council on Wednesday, proposing a rise in bus and taxis fares. Mohammad Karroubi, secretary of Tehran City Council’s Transportation Commission,…
Economy
US trade negotiators have significantly softened their demands to increase regional automotive content under a reworked NAFTA trade pact in an effort to move more quickly toward a deal in the…
Economy
Holidays were truly over for Tehran’s stock market, as the last trading week came to a close on April 11.
No more limited trade volume, lethargy in anticipation of political risks…
Economy
Iran’s unemployment rate in the fourth quarter of the last fiscal year (Dec. 22, 2017-March 20) stood at 12.1%, registering a 0.4% drop compared with the same period of the year before and a 0.2…
Economy
With 23 million head of livestock, Iranian nomads produce 200,000 tons of red meat and 350,000 tons of dairy products annually, the head of Nomadic Affairs Organization said.
…
Economy
Foreign investors injected $11.5 million in industrial projects in Khorasan Razavi Province in the last Iranian year (March 2017-18), the managing director of Khorasan Industrial Estates Company…
Economy
About 13.5 million tons of wheat are estimated to be produced in the country during the current Iranian year (started March 21), the deputy agriculture minister for agronomical affairs said.…
Economy
A total of $2.89 billion worth of auto parts, excluding tires, were imported during the last fiscal year (March 2017-18), more than any other commodity shipped into Iran during the period,…
Economy
The dredging project of the container berth of Bushehr’s Negin Island has started with an initial investment of 210 billion rials ($5 million) to allow the docking of 50,000-ton vessels,…
Economy
Governor of the Central Bank of Iran Valiollah Seif said the drastic decision by the government to unify the US dollar’s rate does not mean that a fixed exchange rate system would be at work, as…
Economy
When the Central Bank of Iran abruptly announced the unification of the US dollar's exchange rate from Tuesday, the gold market reacted swiftly and prices declined.
Economy
The Central Bank of Iran’s policy to cap bank interest rates at 15% effectively changed the composition of deposit contracts signed with financial institutions.
Economy
Minister of Industries, Mining and Trade Mohammad Shariatmadari said since most of Iran’s trade is conducted in euro, the country is prepared to make a shift toward the European currency.…
Economy
The average age of Iran’s passenger wagons decreased by 22% to 28.5 years in the last fiscal (March 2017-18) from 36.9 years in the previous year, CEO of Raja Railway Transport Company, Mohammad…
Economy
A lot of industries may be struggling in Iran, but steel is not one of them, as the country's mills ended last fiscal year (on March 20, 2018) with solid growth in exports.
Economy
Tehran Stock Exchange’s main index lost 460.95 points or 0.48% on Wednesday compared to the day before to end trade at 96,287.1.
About 958 million shares valued at $49.36 million changed…
Economy
On its heavily-fortified border with the Islamic Republic of Iran, Armenia is developing a new strategy to overcome decades of economic isolation.
However, slightly to the east, on its…
Economy
Vehicles that fail to earn a technical inspection certificate and are used for commute can be fined in Iran. The total fines collected in Tehran over the matter amounted to 2.13 billion rials ($…
Economy
After meeting with Senegalese President Macky Sall in Dakar, Iran’s Foreign Minister Mohammad Javad Zarif said automotive ties between the two countries will be bolstered.
Accompanied by…
Economy
