Economy

In light of the World Bank Doing Business 2017 report that indicated Iran has slightly regressed in improving its entrepreneurial climate following years of lackluster performance, Majlis Research…

The Islamic Republic of Iran Customs Administration has operationalized the pre-arrival value declaration system for imports.

The new regulation requires traders to supply customs…

About $164 million worth of hand-woven carpets were exported from Iran’s East Azarbaijan Province in the last Iranian year (ended March 20, 2017).

“With sanctions gone, we’re aiming to…

The goods and services Consumer Price Index for urban areas increased 7.1% in the 12-month period ending May 21, which marks the end of the Iranian month of Ordibehesht, compared with last year’s…

Following President Hassan Rouhani’s reelection this weekend, most people believe that Iran’s economy will be in a better position and the country open for international business, reads a…

Iran Agrofood 2017 opened at the Tehran International Fairground on Tuesday with the participation of about 1,500 companies from Iran and foreign countries.

The second edition of Germany’s specialized exhibition for machine tools and metalworking sector known as “AMB Iran 2017” opened in Shahr-e-Aftab (Sun City) Complex in southern Tehran on…

Indian Prime Minister Narendra Modi said Kandla Port in Gujarat will soon be connected with Iran’s Chabahar Port, which will give a boost to India’s international trade and place the Indian port…

Iran's Domestic tea production has registered a 73% increase so far this year (started March 21, 2017), compared with the corresponding period of last year, leading to a 12% decline in imports.…

The UAE was Iran’s second biggest export destination, following China, in the last Iranian year (ended March 20, 2017), accounting for 17% of all Iranian exports.

Tehran Stock Exchange’s main index ended Tuesday trade at 81,124.4, unchanged compared to Monday.

More than 1 billion shares valued at $85.4 million changed hands for the day.

Toos…

The First Iranian Congress on Industrial Applications of Advanced Materials Manufacturing will be hosted by Iran University of Science and Technology in Tehran from May 24 to 26. In addition to…

The Vice Presidency for Information Technology says all financial transactions and payments with the government will soon be digitized as part of the wider e-government project focused on…

A service-based app and support website developed by an Iranian firm called Puzzle looks to lessen the load on doctors by introducing time saving technologies to the profession.

Uzbekistan will host a national startup event as part of the government’s plan to open up more sectors of the economy to new businesses.

Bank Melli Iran and Bank Saderat Iran will resume their operations in the Omani capital Muscat which had halted during the sanctions that cut off Iran from the international financial network.…

The possibility of Iran entering the international debt market hinges on a number of reasons, namely its risk factor in the eyes of global entities, which the country expects to improve, the…

Private insurance companies accounted for 62.2% of the total premium income in Iran's insurance market during the last Iranian year that ended on March 20, 2017, registering a growth of 3% year-on…

The Banking Reform Bill, which is expected to reach the parliament in two months, was reviewed by the members of the Money and Capital Market Commission of the Iran Chamber of Commerce, Industries…

Close to 3,110 tons of sugar-free cocoa powder worth nearly $9.9 million were imported in the last Iranian year (ended March 20, 2017), according to data released by the Islamic Republic of Iran…

Iran Air hopes to earn $1-1.2 billion per year from ticket sales once all the planes it has ordered over the past few months from major planemakers are delivered.

The revenues will help the…

Close to 31,000 tons of oilseeds worth 860 million rials (more than $23 million) have been purchased from local farmers by the government in the current Iranian year (started March 21), the deputy…

About $1.4 billion worth of commodities were imported into Iranian free trade zones in the last Iranian year (ended March 20, 2017).  Exports from these zones stood at $813 million during the…

Heading a politico-economic delegation, Syrian Minister of Industry Ahmad al-Hamou will pay a visit to Iran in late May, an official with the Trade Promotion Organization of Iran said.

First Vice President Es’haq Jahangiri has tasked the Ministry of Economic Affairs and Finance with implementing 14 priority projects in the current Iranian year (March 2017-18).

Most of…