Economy

The International Union of Railways (UIC) is holding a two-day Middle East session in Tehran. The UIC Regional Seminar, which opened on Tuesday, is organized by the Islamic Republic of Iran…

Iranian authorities have made new decisions with regard to import regulations for curbing rampant smuggling of clothes into the country.

According to the Headquarters to Combat Smuggling of…

The government has purchased about 550,000 tons of wheat from local farmers in eight provinces across the country over the past 20 days, the head of the Government Trading Corporation of Iran said…

Some 76,500 tons of rice worth $52.9 million were imported by the Government Trading Corporation of Iran during the 11 months to February 18, indicating a 23.3% and 24.4% decline in tonnage and…

Parliament Speaker Ali Larijani believes the government of President Hassan Rouhani has made tangible efforts to salvage closed factories.

“The revival of abandoned factories is the country…

The overall index of Tehran Stock Exchange closed at 77,230 at the end of the last Iranian year (ended March 20, 2017), showing a 2,900-point drop from the last day of fall (Dec. 20, 2016).

The government has decided to appoint Farhad Parvaresh, CEO of the flag carrier Iran Air, as Iran’s new permanent representative to the International Civil Aviation Organization, according to…

Swiss bank Credit Suisse AG has deployed 20 robots in its offices, some of which are helping employees answer basic compliance questions, the bank's global markets chief executive, Brian Chin,…

A spokesman for the Anti-Smuggling Headquarters says the long awaited national scheme to curb the huge and growing market for smuggled smartphones will be launched in June.

The registration of the 23nd round of the International Exhibition of Electronics, Computer and E-Commerce (Elecomp 2017) has been launched. Elecomp 2017, is a four day event (starts July 21)…

President Hassan Rouhani on Tuesday officially launched the production line of Peugeot 2008 and the locally designed IKCO Dena+. Peugeot 2008 is the first car to be produced through the joint…

The First International Conference on Virtual Water was held in Tehran on Monday at the Iran Chamber of Commerce, Industries, Mines and Agriculture to address the water shortage looming over a…

Bank Maskan has opened more than 163,000 housing savings accounts with an average deposit of 230 million rials ($6130), with the total deposits amounting to 36 trillion rials ($960 million), a…

Two Iranian private banks are to open branches in Munich, the capital of the German state of Bavaria, which will greatly enhance the prospect of Iran-German financial interactions, the deputy…

German banks will soon finance major Iranian projects, as bilateral banking relations expand, announced the head of financial institutions at the Euler Hermes insurance.

According to Jan-…

Tehran Stock Exchange’s main index gained 41.60 points or 0.05% to end Monday trade at 79,826.6.

More than 1.5 billion shares valued at $66.6 million changed hands for the day.

Shahd…

The monetary base in Iran grew by 17.3% by Jan. 2017 to reach 1,722.3 trillion rials, which is 3.2 percentage points lower than its growth rate in 2015-16.

Iran’s misery index has had a 40% improvement since President Hassan Rouhani took office in Aug. 2013, as it went down from 48.8 in 2013 to 29.3 in 2016, according to data released by Cato…

As many as 1,366 Iranian companies took part in 54 international and specialized exhibitions overseas in the last Iranian year (ended March 20, 2017), indicating a respective growth of 38% and 65…

Exports from Arvand Free Trade Zone in southwest Iran hit $1.2 billion in the last Iranian year (March 2016-17).

Close to 540 billion rials ($14.3 million) worth of investments have been made in Nowshahr Port in the northern province of Mazandaran since President Hassan Rouhani took office in August 2013,…

Iran was Iraq’s third biggest trading partner in 2016 after China and Turkey, the Iraqi commercial attache to Iran said.

“At present, we are trying to ease investment regulations and offer…

Azerbaijani President Ilham Aliyev’s official visit to Iran in early March 2017—his third in three years—was scheduled to include the trial run of a section of a new railroad along the Iran-…

President Hassan Rouhani said as many as 100,000 jobs have been created in cyberspace in recent years. “Residents in rural areas export their handicrafts online and many tourists learn about…

Grégoire Blaise, CEO of Renault Trucks Middle East and North Africa, says following an agreement between Arya Diesel Motors and Renault Trucks in December a training center will be opened to…