Economy

Azerbaijan has signed a $60-million contract with Iran to construct a rail terminal in the Iranian city of Astara, close to the common border.

It is part of a project to connect the…

Letters of guarantee worth 514 billion rials ($13.7 million) were issued during the first quarter of the current fiscal year (March 21-June 21), registering an 88% rise compared with the…

The average price-to-earnings ratio of Tehran Stock Exchange-listed companies stands at 6.9. This is while 16 companies at TSE have a P/E ratio of higher than 100 and another 16 are in negative…

Tehran Stock Exchange’s main index gained 181.40 points or 0.23% to end Saturday trade at 78,881.6.

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

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Major Iranian steelmakers exported 1.582 million tons of semi-finished and finished steel products during the first quarter of the current fiscal year (March 21-June 21), registering a 2% growth…

New-car registrations in Russia increased 15% in June, the fourth consecutive month of higher sales.

Registrations rose to 141,084 vehicles, the Moscow-based Association of European…

Iranian carmakers are set to develop ties with the countries of Eurasian Economic Union, a deputy industries minister said this week.

During a trip to Armenia, Mojtaba Khosrotaj also…

The Fourth Alborz Motor Show was held in Karaj from July 4-7 with many firms vying for buyers of their latest models.

Manufacturers of passenger cars, heavy goods vehicles, motorcycles and…

Iran’s Ambassador to Azerbaijan Javad Jahangirzadeh has said the first cars in a joint venture named Azeurocar are expected to be produced in late September.

The groundbreaking ceremony for…

Iran’s second largest auto manufacturing company, SAIPA, will start the production of five models in Algeria by the end of the current year, the company’s customer services director said.

Iran’s Valfajr Shipping Company is planning to establish a direct marine route from the Persian Gulf port of Bushehr to Qatar in the next two weeks. Abolqasem Mohammadzadeh, an official with…

The Central Securities Depository of Iran issued 31 new trading codes for foreign investors during the third month of the current Iranian year (ended June 21) to trade in Iran’s securities market…

The Central Bank of Iran is set to provide 200 trillion rials ($5.3 billion) to boost employment in the country in an agreement with the Ministry of Cooperatives, Labor and Social Welfare.

As the government's issuance of bonds has become a talking point in the controversy surrounding high interest rates, a deputy economy minister said although bond yields could affect bank rates,…

The meeting of chief executives of banks with the governor of the Central Bank of Iran on interest rates produced no result on Wednesday. CEOs of state-owned and private banks had raised the…

Deputy Industries Minister Mehdi Karbasian, who is also chairman of the Iranian Mines and Mining Industries Development and Renovation Organization, recently exchanged views on a wide range of…

Tehran Stock Exchange’s main index lost 4 points or less than 0.01% during the week that ended June 28 to close at 78,700.2.

The smaller over-the-counter Iran Fara Bourse’s benchmark, IFX,…

Phase I of Shahid Rajaee Port, Iran’s biggest container port at the mouth of the Strait of Hormuz, is ready to be inaugurated by President Hassan Rouhani, the managing director of Ports and…

Bears are dominating the stock market and investment is going other places. The months-long continuation of this trend has analysts hunting for answers.

According to a prominent economist,…

A draft agreement between Iran and the Eurasian Economic Union was signed in Yerevan, Armenia, on Wednesday for levying preferential export tariffs on 350 Iranian industrial products in return…

The Second Exhibition of Steel Pipe and Profile Manufacturing and Related Industries concluded in Tehran on Friday after it opened on July 4 following a 10-year hiatus.

Some 17,000 tons of vegetables grown in Andimeshk County of southwestern Khuzestan Province worth close to $10 million have been exported to Russia since the beginning of the current Iranian year…

Close to 222 tons of onions and shallots worth nearly 142 billion rials (more than $3.75 million) were exported during the first month of the current Iranian year (March 21-April 20), the Islamic…

Iranian steel billet has been quietly gaining market acceptance in Southeast Asia because of its low prices, just as it happened with China-origin product a few years ago, but can it dominate the…

The Islamic Republic of Iran Customs Administration is in talks with the European Union’s Directorate-General for Taxation and Customs in Brussels, Belgium, to enhance bilateral cooperation.