Economy

The Islamic Republic of Iran Customs Administration announced on Monday that rice importers have until Friday to clear their shipments from customs terminals.

Rice imports are banned in…

More than 1,520 tons of sesame seeds worth 71.27 billion rials ($2.2 million) were imported during the fourth month of the current fiscal year (June 22-July 22), the Islamic Republic of Iran…

Close to 450 tons of dairy cattle worth more than 51.1 billion ($1.58 million) were exported from Iran to four countries during the first four months of the current fiscal year (March 21-July 22…

Three international exhibitions opened simultaneously in Tehran International Fairground on Monday and will run through Thursday.

More than 4 million tons of goods were transited in Iran during the first five months of the current Iranian year (started March 21), registering a 24% increase compared with the corresponding…

The Islamic Revolution Mostazafan Foundation will pull out of the hospitality sector and divest its assets, as decreed by the Leader of Islamic Revolution Ayatollah Seyyed Ali Khamenei, the…

Tehran Stock Exchange’s main index added 106.90 points or 0.13% to end Monday trade at 83,452.1.

About 856 million shares valued at $57.71 million changed hands for the day.

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Investing in stocks is an inherently risky business and it is the promise of sweet returns that attracts capital. In Iran, however, the risks are on a different plane of existence. They are…

An institutional stakeholder in Bank Mellat is scheduled to offer a 1.63% stake in the bank in a block sale on Wednesday. Mehr 78 Group, which also owns 3.4% and 2.3% stakes in Tejarat and…

The Ministry of Industries, Mining and Trade is considering the introduction of new contracts similar to Iran’s new oil deals for handing over Iranian mines to foreign investors for…

The Renault-Nissan alliance is expanding its push into China, teaming up with Dongfeng Motor Group Co. on its first locally designed electric vehicle as emissions rules tighten in the world’s…

AMICO Industrial Group, a domestic commercial vehicle producer, has started presales of a new pickup truck ‘Huangha N1’. The vehicle is significantly overpriced. Huangha N1 has a price tag of 1.…

Local vehicle manufacturer SAIPA Diesel is set to introduce a new Volvo truck in the Iranian market.

The company will unveil Volvo FM 460, which is fabled as “the most eco-friendly and…

As if the recent gold rally was not enough of a surprise, the precious metal continued to gain in strength in Tehran's market–this time fueled by the Central Bank of Iran's decision to get…

The National Development Fund of Iran, the national sovereign fund established in 2011, has published a comprehensive report on the first five years of its activity up to March 20, 2017.

Bank Mellat and Iran Medical Council have signed a memorandum of understanding with the aim of improving bilateral cooperation and increasing banking ties.

Celebrities are followed by many people so it makes sense that there is a strong allure among marketers to enlist one to pitch their product.

On the other hand, intense promotional…

Following a 105-day hiatus, the Securities and Exchange Organization reopened the shares of SAIPA, Iran’s second largest automaker, for trading on Sunday after the Tehran Stock Exchange-listed…

American politicians love to hurl economic sanctions at governments they don’t like, but the current labyrinth of sanctions is so complicated that it has unintended consequences.

This…

Exports of gas condensates from South Pars Gas Field in the Persian Gulf in the first five months of the current fiscal year (started on March 21) experienced an 18% increase over the same…

Every year between 8,000 and 12,000 hectares of Iran’s pistachio orchards are lost due to water shortage and soil salinity, the head of Iran Pistachio Association said.

“Land under…

The government’s not so well-thought-out Internship Action Plan has entered a limited execution phase while its practical aspects were overlooked, eminent Iranian economist, Hossein Raghfar,…

About 15-20% of all Iranian industrial units are facing recession, the industrial affairs deputy with the Ministry of Industries, Mining and Trade said. “There are close to 85,000 industrial…

President of Azerbaijan Ilham Aliyev attended the opening of the 22.2-km Lankaran-Masalli section of the Alat-Astara-Iran state border highway, which is undergoing a major overhaul.

A Persian social media network ‘Startup Fly’ has been launched online aiming to connect entrepreneurs and investors in Iran. Startup Fly is a platform similar to other social media networks like…