Economy

The Central Bank of Iran has for the first time sought the help of Iran Fintech Association (FintechA) to make its final decision about the long overdue task of regulating fintech companies and…

China's ambassador to Iran said the channel for facilitating new finance from the world's second largest economy is open for Tehran, assuring the Iranian business community that recent banking…

Steel pipe and profile producers’ demand for 3-mm and thinner flat steel stood at about 1.5 million tons in the last fiscal year (ended March 20, 2017), Mobarakeh Steel Company’s sales and…

Tehran Stock Exchange’s main index gained 183.80 points or 0.23% to end Saturday trade at 81,763.1.

About 527 million shares valued at $37.67 million changed hands for the day.

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In an unexpected turn of events, Iraqi officials have blocked the entry of truckloads of Iranian watermelon, melon, tomato and potato at the border, inflicting a huge loss on Iranian exporters…

The government earned about 800 billion rials ($21 million) in tax revenues from cigarette sales during the first two months of the current fiscal year (March 21-May 21), the Central Bank of…

The Fifth International Apparel Exhibition is scheduled to be held at Tehran’s International Fairground from September 4 to 7.

The event has been organized with the aim of introducing…

Iran Pistachio Association estimates that 235,000 tons of pistachio will be produced in Iran in the current fiscal year (March 2017-18), to register a 38% increase compared with last year.…

Some 700,000 old cars will be scrapped by the end of the current Iranian year (March 20, 2018), the deputy head of Iran’s Transportation and Fuel Management Headquarters said. “Last year (March…

Iran Fisheries Organization expects trout exports to reach 30,000 tons in the current fiscal year (March 2017-18) to register a 200% increase compared with last year.

An exclusive Iranian exhibition is scheduled to be held in Istanbul’s CNR Expo Center from October 25 to 28, Iran’s commercial attaché to Ankara said.

Iran’s bauxite reserves increased by 14 million tons in the last fiscal year (ended March 20, 2017), as a result of Iran Alumina Company’s explorations, the company’s manager, Touraj Zare’, said…

Chinese company ZPMC has won the contract to supply cranes to Iran’s Chabahar Port.

Iran’s National Tax Administration has agreed to extend the deadline for two Tehran-based football clubs Persepolis and Esteghlal to repay their tax arrears in six months, the spokesman of…

Auto production data show that in the current fiscal (started in March) production of ‘natural gas-gasoline hybrid’ vehicles increased 5.54% in the first four months year-on-year.

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An official with the Iranian Automotive Parts Manufacturers Association has expressed readiness of its members to cooperate with Azerbaijani counterparts.

Head of the association,…

Mitsubishi Motors will introduce a plug-in-hybrid version of its Outlander SUV to the Iranian market in September, according to a report by Nikkei. Car companies have begun introducing electric…

Kerman Motor, local partner of Korea’s Hyundai has started production of the Accent sedan.

The company previously started production lines of the Hyundai i10 and i20 which are assembled…

Minister of Industries, Mining and Trade Mohammad Reza Nematzadeh inaugurated on Wednesday two dry docks in the southern port city of Bandar Abbas, located in Hormozgan Province, for maintenance…

A senior official has called on the Central Bank of Iran to adjust the foreign exchange rates monthly in proportion with the difference between foreign and domestic inflation rates to boost…

Bank Melli Iran and the Ministry of Science, Research and Technology have signed an agreement to enhance bilateral cooperation.

The Central Bank of Iran has set a new ceiling for Qarzol-Hassaneh (interest-free microcredit) loans to individuals. The allowance for each person has increased by 50 million rials ($1,309) or…

A key change in President Hassan Rouhani's Cabinet for his second tenure will potentially impact both state-owned and private lenders, and subsequently influence the outcome of his central…

Tehran Stock Exchange’s main index TEDPIX gained 313 points or 0.4% during the week that ended on August 2 to end at a 42-month high of 81,579.

TEDPIX’s leap to a new record came on…

Import prices for hot-rolled coil in Iran continued to trend upward over the week ending August 9, as offers from the mills of Commonwealth of Independent States rose further, supported by tight…