Economy

The Persian Gulf Petrochemical Industries Company (PGPIC) has reached a preliminary agreement, worth €3 billion ($3.37 billion), with an unnamed European company on building a petrochemical plant…

Iran Aluminum Company has opened a new billet production plant with a 50,000-ton/year output capacity. The plant, established in cooperation with China’s NFC Group and several local engineering…

Tehran Stock Exchange’s main index TEDPIX gained 2,543 points or 3.2% during the second month of the current Iranian year (April 21-May 21) to end at a six-month high of 80,123.

The over-…

Iranians reelected President Hassan Rouhani on May 19.

While he will be taking the presidency oath for the second time in August, speculations are rife about his choice…

European Union car and truck safety rules will be revised by the end of the year, after pressure from campaigners to cut the number of road deaths by forcing manufacturers to include technologies…

MG Pars Motor, the official subsidiary of Chinese carmaker SAIC-MG in Iran, will soon launch sales of MG360 sedan.

The company contacted Financial Tribune saying the previous prices of 530…

A fire was reported at the Tabriz factory of Iran Khodro (ICKO) on Sunday afternoon with large plumes of smoke bellowing across the sky, according to several reports.

Fire crews responded…

The US Ford Motor Co. is replacing CEO Mark Fields amid questions about its current performance and future strategy. CEO Mark Fields is “retiring” at age 56 after 28 years at the company, said a…

Foreign investors in Iran’s capital market can now exchange their currencies based on market rates, the deputy head of Securities and Exchange Organization for international affairs announced.

Negotiations with the Central Bank of the Republic of Turkey as well as a number of countries from Latin America and Asia to sign currency swap arrangements are underway with a handful of…

The base year for releasing Central Bank of Iran's official statistics will be shifted to the last Iranian year that ended on March 20, 2017, announced CBI's director general for economic…

Refah Kargaran Bank is set to waive fines for its debtors in line with the Central Bank of Iran’s directive, Refah bank’s website announced. If debtors return the principal amount of their debts…

Lack of compliance to Financial Action Task Force regulations has impeded international banking relations, a deputy head of the Monetary and Banking Research Institute said.

“This has hurt…

The new rating system for Iranian banks based on which each bank will be ranked is currently under review in the Central Bank of Iran, the director of the Association of Private Banks and Credit…

More than 52,100 tons of kiwi worth over 1 trillion rials (around $27.6 million) were exported in the last Iranian year (March 2016-17), according to figures released by the Islamic Republic of…

The Center for Tobacco Planning and Supervision has listed the names of contraband cigarette brands in the Iranian market.

Chairman of the center, Asghar Ramzi, said Marlboro, Royal Five,…

Corn and rice had the largest share of non-oil imports into Iran in terms of tonnage in the first month of the current Iranian year (started March 21.

During the period, 662,000 tons of…

The Central Bank of Iran said it is expecting a double-digit economic growth for the last fiscal year that ended on March 20, 2017.

Latest statistics on Iran’s GDP growth pertain to the…

Iranian business leaders were relieved on Saturday after moderate President Hassan Rouhani, a proponent of foreign investment and engagement with the world, had secured another four years in…

Heading a 50-strong delegation comprising representatives from Iran’s major poultry production units, Agriculture Ministry’s deputy for livestock affairs, Hassan Rokni, visited Hungary and met…

Major Iranian mining companies produced 2.98 million tons of iron ore concentrate during the first month of the current fiscal year (ended April 20), registering a 64% growth compared with last…

Although the Iranian cinema saw significant growth last fiscal year (March 2016-17), the industry continues to grapple with a grave crisis, the Film Producers Guild of Iran declared.

More than 1.82 million tons of wheat worth 23 trillion rials (close to $616 million) have been purchased by the government from local farmers in 11 provinces, registering a 3% decrease compared…

People’s informed choice in the presidential election has pulled the country back from the brink of populism, but the government needs to implement radical economic reforms for the next four years…

Tehran Stock Exchange’s main index gained 116.40 points or 0.14% to end Sunday trade at 81,194.0.

The uptick came a day after the benchmark shot up 0.91% or 733.40 points to close Saturday…