Economy

The Road Maintenance and Transportation Organization will see its next year’s budget (March 2018-19) cut by 6.8% compared with the current fiscal (March 2017-18) to stand at 16.8 trillion rials…

Work permits were issued, extended or renewed for 11,787 foreign nationals living in Iran in the last Iranian year (March 2016-17), registering a 7% decrease compared with the previous year,…

Iran’s fourth largest airline, ATA, took delivery of its first Embraer ERJ 145 jet late Friday.

The secondhand 50-seat jet is the first of 15 aircraft, which has been purchased recently…

Tehran Stock Exchange’s benchmark extended its uptrend on Sunday to add 272.3 points or 0.43% to close at 63,071.4. This is the highest level since September 12.

About 55% of listed…

Mouteh Gold Mine produced 301 kilograms of gold ingots during the first seven months of the current fiscal year (March 21-Oct. 22), registering a 78% growth compared with last year’s…

Iranian miners exported 12.44 million tons of mineral products worth $1.08 billion to China during the first seven months of the current fiscal year (March 21-Oct. 22), statistics released by…

China has opened a $1.7 billion line of credit for the electrification of the 926-km railroad from Tehran to the eastern city of Mashhad in Khorasan Razavi Province, five months after a contract…

Armenia inaugurated on Friday a free economic zone in its southernmost city of Meghri on the border with Iran.

Armenian Prime Minister Karen Karapetyan attended the opening ceremony with…

The third round of Bandar Abbas Auto Show ended on Friday in the southern port city of Bandar Abbas where several local and Chinese brands showcased their products. The three-day event hosted 10…

Local tire producer Barez Industrial Group will supply the French carmaker Renault with tires for its vehicles produced/assembled in Iran, the company’s deputy marketing manager said.

Having just acquired Terrafugia, Lotus, and a sizable stake in Proton, holding company Zhejiang Geely’s international buying spree does not look to be slowing down yet.

Accelerating efforts to make its presence felt in electric cars market, Toyota Motor Corp. has deepened its partnership with Panasonic Corp. over EV battery production.

Banks receiving and making payments in the Iranian banking system bear the bulk of payment fees, meaning that striking a balance between the costs and benefits of these payments has emerged as…

The Central Bank of Iran’s deputy for economic affairs attested to the significant changes in Iran’s electronic banking sector and the effect it has had on the composition of money supply.

Following the efforts of Iranian Embassy in Beijing for resolving the banking issues of Iranian nationals in China, officials of the East Asian nation have notified the Iranian Embassy that a…

The head of Tehran Chamber of Commerce, Industries, Mines and Agriculture, as one of the leading private sector figures, has added his voice to the chorus of people criticizing the proposal to…

Unilever plans to set up a joint venture in Iran to make and market food in the country.

The FMCG giant has struck a deal with local food group Golestan Company to form the venture, Just…

Chabahar Port’s Phase I inaugurated by Iran’s President Hassan Rouhani on December 3 marks an important milestone in India-Iran relations as well as Afghanistan-India determination to look for a…

More than 434,670 tons of goods worth $160.46 million were exported from Iran to Malaysia during the eight months to Nov. 21, registering a close to 330% and 430% hike in weight and value…

A total of 270 tunnels are under construction in Iran, while 154 others are being studied in road, highway, freeway and railroad projects, a deputy minister of roads and urban development said…

Bulls came back to Iran's stock market last week after the lackluster performance of the week before. Both Tehran Stock Exchange and Iran Fara Bourse pushed ahead to reach new highs by further…

About 10 trillion rials ($237 million) worth of investments have been made in the development projects of Amirabad Port in the northern Mazandaran Province since President Hassan Rouhani first…

South Korea has agreed to finance the construction of three hospitals in Iran, said Iranian Health Minister Hassan Qazizadeh Hashemi on Thursday upon arrival at the Incheon International Airport…

Close to 2,150 tons of chewing gum worth more than 40 billion rials ($11.5 million) were exported to 26 countries during the eight months to Nov. 21, data released by the Islamic Republic of…

The United States House of Representatives passed legislation on Thursday, which would require Treasury Department officials to report to the congress on Iranian purchases of US aircraft and how…