Economy

Aiming to expand its role as Asia’s data transit hub, Iran is set to offer such services to India through its several international Internet Exchange Points (IXPs).

As Qatar's rift with a Saudi-led Arab coalition deepens and brings the gas-rich emirate closer to Iran, the head of Iran Export Confederation said any development of ties between Tehran and Doha…

The new property taxes are in line with constructors' incomes and the state of housing market, therefore it will not impact home prices, the chief of Iranian National Tax Administration said.

Kashan Citizenship Card has been selected among the top five projects lined up for the third WeGO Smart Sustainable City Awards, the mayor of the historic city in Isfahan Province announced.

Ayandeh Bank is set to provide 3 trillion rials ($80 million) in loans to small- and medium-sized enterprises by the end of the current Iranian year (March 20, 2018), the bank’s website has…

A new directive aimed at enhancing banks' capital adequacy ratio in line with international standards was approved during the last meeting of the Money and Credit Council late Tuesday.

Tehran Stock Exchange’s main index added 38.80 points or 0.05% to end Wednesday trade at 79,465.7.

About 802 million shares valued at $34.58 million changed hands for the day.

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The Iranian steel industry is pushing ahead with its ambitious plan to become the world’s sixth largest steelmaker as per its 2025 Vision Plan. New crude steel and raw material output capacity are…

Some $3 billion worth of investments have been made in Iranian free trade zones since President Hassan Rouhani took office in August 2013, Secretary of the High Council of Free Zones Akbar Torkan…

Close to 141,500 tons of pistachio were exported over the last Iranian year (March 2016-17), registering a 20% increase compared with the year before, figures released by the Islamic Republic of…

Close to 2,190 tons of biscuits worth 125 billion rials (more than $3.3 million) were exported during the first month of the current Iranian year (March 21-April 20), figures released by the…

About 81% and 70% of rice harvest in Mazandaran and Gilan provinces respectively were carried out using machinery in the last Iranian year (ended March 20, 2017), director general of Grains and…

Iranian and Russian economic players attended a meeting in Moscow on Tuesday to explore ways of increasing bilateral economic cooperation.

A total of 16.23 million tons of oil and non-oil goods were loaded and unloaded in the ports of the southern Hormozgan Province in the first two months of the current Iranian year (March 21-May…

As the new government is scrambling to form its Cabinet, President of Tehran Chamber of Commerce, Industries, Mines and Agriculture, Masoud Khansari, has outlined the private sector’s expectations…

Hyundai has unveiled the Kona in Goyang, South Korea on Tuesday, lauding the car’s “high-tech” styling as a key selling characteristic as the brand enters the booming subcompact SUV/crossover…

Karmania — a local automaker and official representative of China’s BYD— has delivered the first all-electric bus manufactured by BYD to Shiraz Municipality.

Shiraz Mayor Alireza Pakfetrat…

LG Chem based in Seoul has denied a media report that it has signed a 7 trillion won ($6.20 billion) deal to supply electric vehicle batteries to Volkswagen Group.

The South Korean Dong-A…

The second auto producer SAIPA will introduce two new models before the end of the current fiscal (March 2018), the company CEO Mehdi Jamali, said without elaboration.

The firm is to…

Austria’s ABL is in a joint venture with an Iranian company (unnamed) to produce fuel-efficient car engines, said Industries Minister Mohammad Reza Nematzadeh.

Iran's publicly traded companies account for about 23% of the country’s GDP, excluding crude oil.

According to Securities and Exchange News Agency, the aggregate production of companies…

Iran met 96% of the budgetary outlay of 2.94 quadrillion rials ($78.8 billion) for the last Iranian year (March 2016-17), the head of Planning and Budget Organization said.

A draft proposal for regulating digital currencies has been developed by Iran’s National Center for Cyberspace and is set to be passed by the High Council of Cyberspace in the next four months, an…

The Iranian housing market has been mired in recession for the past four years, but while its gradual recovery is almost certain, it will heavily hinge on what President Hassan Rouhani’s…

First Vice President Es'haq Jahangiri has called on the Central Bank of Iran to strictly deal with illegal financial institutions as part of the government's efforts to crack down on corruption.…