Economy

The municipalities of Iranian metropolises are allowed to issue up to 80 trillion rials ($1.9 billion) of bonds in the next fiscal year (started March 21) based on the new budget bill presented…

Major Iranian mining companies produced 228.32 million tons of different mineral products during the first eight months of the current fiscal year (March 21-Nov. 21), registering an 11% growth…

More than 3 million square meters of handmade carpets are annually woven in Iran, two-thirds of which are exported and the rest is used to meet the domestic demand, the head of Iran National…

The significant rise in departure tax stipulated in the budget bill for the coming fiscal (March 2018-19) has sparked a social media frenzy in Iran. As per the budget bill submitted by President…

Tehran Stock Exchange’s main index gained 353.50 points or 0.39% to end Monday trade at 91,552.4.

About 1.17 billion shares valued at $74.42 million changed hands for the day.

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A total of 25.5 million tons of non-oil goods, including gas condensates, worth $9.73 billion were exported from the southern port city of Bushehr during the first eight months of the current…

As much as 1,000 trillion rials ($23.8 billion) had been projected as tax revenues in the current fiscal budget (March 2017-18), more than 85% of which (around $19 billion) were realized in the…

As per the budget bill of the coming fiscal year (March 2018-19), the government will allocate 180 trillion rials ($4.28 billion) out of the Subsidy Reform Plan’s resources for production sector…

Iran exported 5.78 million tons of metallurgical products worth $2.5 billion during the first seven months of the current Iranian year (started March 21), registering a growth of 8% in value and…

Iranian and South Korean private companies signed 22 memorandums of understanding late on Sunday at Tehran’s Milad Tower for the South Korean side to transfer technology to Iran in the fields of…

Average prices of Iranian crude oil have soared by around $12 per barrel in 2017 from the previous year, the Oil Ministry said, reflecting an upward trajectory in global prices of the energy…

Engineers from Amirkabir University of Technology have designed speed bumps, which harvest solar power and kinetic energy from the passing traffic and produce electric energy. “The bump is a…

Nissan Motor Co and Japanese gaming software maker DeNA Co say they would begin public tests of their self-driving ride-sharing service in Japan next year.

The two companies join a…

The automotive industry is the second most active industrial sector in Iran after oil and gas. Based on data released by the Ministry of Industries, during the first eight months of the current…

As a part of government’s plan to boost small- and medium-sized enterprises through the allocation of credit, since the beginning of the current Iranian fiscal on March 21, Iranian banks have…

Governor of the Central Bank of Iran Valiollah Seif asked the country’s banking system to gradually shift their lending practices and fund small- and medium-scale enterprises instead of big…

Most foreign currencies in Tehran’s market gained against the rial on Sunday, as the currency demand for overseas travel increase toward the end of December and the holiday season.

The…

The total projected income of eight Iranian state-owned banks, plus the Central Bank of Iran, has been put at 845.2 trillion rials ($20.09 billion) in the budget bill submitted to the parliament…

The Islamic Revolution Mostazafan Foundation’s sales value stood at 280 trillion rials ($6.6 billion) in the last Iranian year (March 2016-17).

The CEO of Raja Rail Transport Company has called on the government to settle its 3-trillion-rial ($71 million) debt owed to this company as soon as possible.

Since the fiscal March 2014-15, 11 films have each managed to gross over 100 billion rials ($2.37 million).

The top three were screened in the current year (March 2017-18), Mehr News…

About $1.34 billion worth of non-oil commodities were exported from East Azarbaijan Province to 101 countries during the eight months to Nov. 22, registering a 9% rise compared with last year’s…

President Hassan Rouhani presented the budget bill for the fiscal 2018-19 to the parliament on Sunday, a document he called a blueprint for generating employment, eliminating poverty and…

Tehran Stock Exchange’s main index gained 38.60 points or 0.04% to end Sunday trade at 91,198.9.

About 634 million shares valued at $39.7 million changed hands for the day.

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Iranian steelmakers and iron ore companies are actively working on the expansion of iron ore processing and direct reduced iron/hot-briquetted iron capacities to fulfill the government’s plan…