Economy

After the US dollar reached its three-month high in Tehran’s market last Tuesday, the greenback’s rally ended and it lost against rial for four days in a row, changing hands for 37,820 rials on…

Iran’s Parsian Insurance Company and Rosgosstrakh-Armenia Insurance on Thursday signed an agreement to provide insurance coverage to Iranian and Armenian tourists.

Travelers can…

The Monetary and Banking Research Institute for Islamic Banking said troubled financial institutes may transition into legitimate banks. “By increasing their capital, these institutions can obtain…

In light of the importance of regulating fintech firms to prevent any problem in the monetary market, the Center for E-Commerce Development's deputy has announced that the Central Bank of Iran…

Tehran Stock Exchange’s main index gained 149.30 points or 0.19% to end Saturday trade at 79,658.9.

Trading at TSE and Iran Fara Bourse starts on Saturday and ends on Wednesday.

…

India’s long-running plan to upgrade and operate maritime facilities at Chabahar Port in Iran faces fresh delays after an initial bidding process to select a private operator for the…

Just as European corporation are making inroads into Iran’s market, investors are working their way to handle banking problems to break the ice in the post-sanctions era.

This is while…

Some 60 million tons of steel products were transported in Iran during the last Iranian year (March 2016-17). “The share of railroads from this amount was 20 million, that is one-third,” Saeed…

Iran’s wheat reserves currently stand at 12 million tons, 6 million tons of which belong to last year’s harvest, the head of the Agriculture Ministry’s Wheat Project said.

Markazi Province exported $2.4 million worth of ornamental fish in the last Iranian year (ended March 20, 2017) mainly to the UAE and Afghanistan, Ali Babaie, the head of Markazi Agricultural…

Despite the fact that Iran’s food industry is mostly run by the private sector, all major decisions are made by the government, general-secretary of Iran Food Industries Associations said.

Iran has assured Pakistan of its full cooperation in the operation of ECO Container Train on Islamabad-Tehran-Istanbul route and has decided to reduce transshipment cost for the container train at…

The government hopes to sign 10 major oil and gas deals by the end of its fiscal year (March 20, 2018) after concluding a landmark deal with French energy firm Total to develop a gas project in…

Luxgen Motor Company, a small Taiwan-headquartered car firm, is set to bring two models to Iran.

According to the automotive website Persian Khodro, the Iranian company Arman Motor Kavir…

SAIPA auto company is to sign two joint production deals with East Asian automotive giants Nissan and Kia.

The two companies previously had a strong presence in Iran.   Kia…

Karmania Auto, the official distributor of China’s BYD in Iran, has announced it will begin selling the BYD Song crossover in the coming months.  The Song looks to take on the growing party…

Economy Minister Ali Tayyebnia has called on Bank Melli Iran, the nation's biggest lender, to be at the vanguard of much-needed reforms in the ailing banking sector by supporting businesses,…

Bank Saderat Iran is to provide its customers with a wide range of financial services under one roof with the establishment of a “financial supermarket” in the near future.

A 35-member delegation from Iran Chamber of Commerce, Industries, Mines and Agriculture led by the chamber's chief, Gholamhossein Shafei, have wrapped up a visit to Belgium and Luxembourg to…

Russian transportation vehicle manufacturing and engineering company Sinara Transport Machines will supply 17 locomotives to Iran in 2018, as part of a €24 million contract that has yet to be…

After five weeks of uninspiring performance, Tehran Stock Exchange and Iran Fara Bourse posted solid gains last week to stand at their respective one-month highs. Both markets recorded upticks for…

An analysis of the Ministry of Industries, Mining and Trade's data shows growth in the production of crude steel, finished steel products, iron ore, coal concentrate and sheet glass in the last…

Buying activity in the Iranian flat steel import market was limited last week as prices continued to increase, supported by the upward trend in the global market.

“I think prices cannot…

Iran is among the top wheat consumers in the world. Consumption per capita in the country is estimated at 167.6 kilograms per year, almost three times the global average of some 67 kilograms.

Cigarette consumption in Iran stands at 55 billion a year, of which 6 billion with an estimated value of 30 trillion rials ($800 million) are smuggled into the country, the head of Tobacco…