Economy

The 19th International Marine Industries Conference and Iran International Marine and Maritime Industries Exhibition are scheduled to be held on the southern Kish Island from Dec. 11 to 14.

The average Producer Price Index for the industrial sector in the 12-month period ending Sept. 22, 2017, which marks the end of summer, increased by 10.2% compared with the same period of last…

Trade between Iran and Turkey stood at $8.15 billion during nine months since the beginning of 2017, according to the latest statistics released by the Turkish Statistical Institute.

The Iranian National Tax Administration says value-added tax would be exempted on hybrid electric-petrol cars.

According to the website of the Presidential Office for Science and…

The French government has begun the sale of 4.73% of carmaker Renault, paring its holding back to the 15% that preceded a 2015 power struggle with Chief Executive Carlos Ghosn and removing a…

Oghab Afshan Industrial and Manufacturing Company— producer of Scania buses in Iran — has unveiled its latest model it says is eco-friendly.

The company unveiled a city bus named ‘Parsin…

Tesla lost a record $671 million in the third quarter, but most investors preferred to avert their gaze from ‘mundane short-term problems’ and cling to their big vision for the future.

The Financial Action Task Force has updated its document on engagement with Iran and urged the country to fulfill its commitments by its deadline of Jan. 31, 2018, and has also renewed its…

The Iranian Parliament has now boosted efforts to sideline the US dollar in Iran’s international deals following recent remarks by Leader Ayatollah Seyyed Ali Khamenei who called for the…

Two information systems aimed at implementing standards pertaining to anti-money laundering and combating financing of terrorism required by the Financial Action Task Force have been unveiled at…

A number of Iranian banks have declared their interest in opening branches in Belgium, which goal is expected to materialize with the help of both countries.

Tehran Stock Exchange’s main index added 36.50 points or 0.04% to end Sunday trade at 87,905.1.

About 681 million shares valued at $40.3 million changed hands on Sunday.

Trading…

The Iranian cement industry’s fall from grace has turned into a continuous freefall.

Demand is at sticky lows, overcapacity is rampant and underperforming plants have trouble clearing…

Major Iranian steelmakers exported 3.98 million tons of semi-finished and finished steel products during the first seven months of the current fiscal year (March 21-Oct. 22), registering a 24%…

Gholamreza Shafei, a former deputy head of Iran’s Management and Planning Organization, is tipped to take the helm of Civil Servants Pension Fund, after Mahmoud Eslamian announced his…

It is estimated that some 3.7 million tons of apples will be produced from over 250,000 hectares across the country in the current crop year to register close to a 9% increase compared with last…

Excessive rules and regulations have made investment in infrastructures ineffective and damaged the business environment in Iran.

This was stated by the deputy head of Iran Chamber of…

Iran is to reopen the Parvizkhan border crossing with the Iraqi Kurdistan Region after three weeks of closure following the Sept. 25 referendum, a Kurdish official announced on Sunday.

Iran Economic and Investment Opportunities Forum is scheduled to be held in Tehran on November 25-28 to help introduce $35 billion worth of investment opportunities in Iran’s economy to the…

Contraband household appliances are now up for sale online and through social networks, the head of Iran Home Appliances Association said.

Mohammad Tahanpour also told IRNA that the…

Close to 1,000 tons of gelatin worth more than 197.6 billion rials ($6.1 million) were imported in the five months to Aug. 22, figures released by the Islamic Republic of Iran Customs…

Iran has weighed filing a suit against Turkmenistan for cutting off its natural gas supply at the end of last year, but Iran's state gas company prefers to discuss and settle the dispute outside…

The year-to-date revenues of the Islamic Republic of Iran Customs Administration stand at over 170 trillion rials ($4.25 billion), of which import duties account for 125 trillion rials ($3.12…

During a meeting between the head of Majlis Domestic Production Support Commission and the head of Malaysian Parliament in Kuala Lumpur, the resolution of Iranian traders’ banking issues in…

As the Iranian banks move to connect to their international peers, some fundamental structural reviews are called for in order to strengthen their corporate governance and realign their…