Economy

Iran’s non-oil foreign trade during the first month of the current Iranian year (started March 21, 2017) stood at $5.07 billion.

According to the latest report by the Islamic Republic of…

In order to increase home ownership among the youth, the Money and Credit Council, a decision-making body, voted to raise the limit of no-deposit home loans for couples. The limit for such loans…

As the Iranian presidential election on May 19 draws closer and the bank-based economy has taken center-stage among candidates and the public alike, the Central Bank of Iran in a statement…

German investors received more than $2 billion in loans in 2016 to finance Iranian projects, but these have been held up for various reasons, an official of the German financial regulatory…

New mobile payment infrastructures have been set up in Iran to facilitate the use of new payment systems such as tap-and-go cards.

The Central Bank of Iran is developing new mobile payment…

Tehran Stock Exchange’s main index inched up 27.10 points or 0.03% to end Wednesday trade at 79,969.2.

More than 1.06 billion shares valued at $79.73 million changed hands for the day.

Government tax revenues grew by 28.4% during the first 10 months of the previous Iranian year (started March 20, 2016) to reach 746.9 trillion rials.

Canada-based Anglo American Exploration and University of British Columbia have started copper exploration operations in 22 mineral zones located in the Iranian provinces of East and West…

The first major foreign investment project in the Iranian steel industry has come on stream.

The Italian Danieli Group’s steel machinery production plant was inaugurated on Tuesday by…

More than 5.81 million tons of agricultural products worth close to $5.69 billion were exported from Iran in the last fiscal year that ended on March 20, registering a 21.8% and 3.6% growth in…

Iran will hold a presidential election in less than three weeks. The six candidates approved on April 20 by the country’s Guardians Council will likely center their campaigns on what matters most…

The average annual income of Iranian households in urban areas stood at 278.87 million rials (about $7,411 at current exchange rate) and their expenses at 264.4 million rials ($6,973) in the…

About 617 tons of ice-cream sticks worth $993,000 were imported into Iran in the last fiscal year to March 2017, registering a 66.5% and 77.5% decline in weight and value respectively compared to…

Iran Air’s new Airbus A330 performed its first international flight on Wednesday.

The aircraft departed from Tehran’s Imam Khomeini International Airport at 8:02 a.m. and landed at…

A Mercedes-Benz AMG GTS has been spotted in Tehran’s northern Tajrish area on May 2, according to car fans who say the high-end sports car is the first of its kind in the capital.

Opel will use French PSA Group’s technology in the next generation of its Corsa subcompact car, a company spokesman said, confirming a newspaper report.

The current Corsa is built with…

French new-car registrations fell 6% to 171,879 in April with two fewer selling days in the month, French car industry association said in a statement on Tuesday.

Taking into…

Samsung Electronics Co. has got permission from South Korean authorities to domestically test a self-driving vehicle fitted with its electronic parts and software, as the tech giant aims to muscle…

With around $43.7 billion, consumer goods accounted for 14% of Iran’s total imports over the last fiscal year that ended on March 20, 2017, the head of Trade Promotion Organization of Iran said.…

Economy Minister Ali Tayyebnia said the effects of the country’s recent economic rebound will soon be felt more tangibly in the lives of ordinary Iranians, reversing a period of slowdown that…

The implementation of the national scheme of moving all government accounts to the Central Bank of Iran will bring all the resources to a central treasury that the government can oversee, said the…

The trend of Iranian banking system in recovering non-performing loans has gained momentum and brought the NPL ratio close to international standards, the chief executive of Export Development…

The Hamburg-based Iranian-European Bank (EIH), affiliated with Iran’s Bank of Industry and Mine, has managed to raise its transactions to €2.5 billion after reconnecting to SWIFT (the…

Tehran Stock Exchange’s main index gained 115.50 points or 0.14% to end Tuesday trade at 79,942.1.

More than 1.2 billion shares valued at $60.6 million changed hands for the day.

…

Semi-finished casting products had the largest share in Iran’s steel exports in the last Iranian year (March 2016-17).

These products are intermediate castings produced in a foundry, which…