Economy

China with close to $943,800 was the main exporter of safety pins to Iran during the 11 months to Feb. 19. A total of more than 378 tons of safety pins worth around 32.95 billion rials (close to…

The New York Stock Exchange on Monday set the reference price for shares of music streaming service Spotify Technology SA at $132.

Spotify is pursuing an unusual direct listing to reach…

Tehran Municipality and China Electronics Technology Group Corporation (CETC) signed a collaboration deal, as per which the Chinese state-owned firm will assist the municipality in transforming…

Kish Island in the Persian Gulf will host a startup conference named Silk Road which aims to connect a select group of Iranian startups with foreign investors.

The Silk Road Startup…

Google LLC has released a new update for its Google Maps services which supports 39 additional languages including Persian.

The number of home sales in Tehran during the 12 months to March 20 surpassed 181,200, marking a year-on-year increase of 11.8%, data released by the Central Bank of Iran show.

The…

While Pakistan remained cautious and reluctant to increase trade ties with Iran in the past four years because of international trade sanctions imposed on its neighboring country, its government…

The Central Bank of Iran attracted billions of dollars in foreign investments in the last fiscal year that ended on March 20 and it will continue to focus on absorbing foreign funds this year,…

As the curtains fell on the previous Iranian year on March 20 and the usual lull in the markets sets in during the ensuing holidays, few expected currency volatility.

However, a few…

Two brand-new Airbus H145 air ambulances were received at Iran’s Payam Airport near Karaj on Friday, the airport’s public relations announced.

The helicopters have been purchased by…

Minimum wages will rise by 19.8% in the new Iranian year that started on March 21, as per the decision made in the last session of Supreme Labor Council.  After a dozen sessions, the…

Iranian steel mills produced 4.46 million tons of steel in the first two months of 2018, up 48.9% compared with last year’s similar period, according to the latest report released by World Steel…

The average goods and services Consumer Price Index for urban areas in the 12 months ending March 20, which marks the end of the last Iranian month of Esfand, increased by 9.6% compared with…

Iran’s steel industry needs about €22.1 billion ($27.4 billion) in new investment to achieve a target of 55 million tons/year of production capacity by 2025, the Iranian Steel Producers’…

The rail link between Astara in Azerbaijan and the Iranian namesake city was officially inaugurated in a ceremony held on March 29.

Presidents Hassan Rouhani of Iran and Ilham Aliyev of…

Tehran Stock Exchange ended the very first trading week of the new fiscal year (March 2018-19) with solid gains and minimal trade volume, as investors returned from the extended holidays.

Tehran Stock Exchange’s main index gained 342.24 points or 0.35% to end Wednesday trade (last trading day on March 28) at 96,938.88.

About 721 million shares valued at $26 million…

Local carmaker Kerman Motor unveiled its first locally produced Hyundai Accent during Norouz (the Iranian New Year holidays from March 21 to April 2).

The company showed the car on March…

Although this will come as no surprise to industry insiders, after dozens of debuts at this year’s New York Auto Show, small luxury SUVs, especially hybrids, are the darlings of the bunch.

Renault shares rose sharply over the weekend following renewed media reports of merger talks between the French carmaker and its longstanding alliance partner Nissan. Renault’s stock was up 4.6…

This is the Financial Tribune’s last edition of the current Iranian year (ending March 20). As Iran’s sole economic daily in English, it considers it apt to review the key economic developments…

Iran's gross domestic product grew 3.4% during the first three quarters of the current fiscal year (March 21-Dec. 21, 2017) compared with last year's corresponding period, according to the…

The Statistical Center of Iran has released its assessment of Iran’s housing and construction sector, announcing that the sector has experienced another season of growth.

The sector…

The Central Bank of Iran has disclosed the latest statistics on the number and value of bank checks, which indicate a monthly rise and yearly decrease in the number and value of bounced checks…

Executives with Banque Delubac and Cie, an independent French lender, on Sunday met with representatives of Tehran Chamber of Commerce, Industries, Mines and Agriculture to discuss ways of…