Economy

CEO of Iran Khodro (IKCO) has finally announced the price for its Peugeot 2008. Hashem Yekezare told local news website Eghtesad Online that the car will be sold for 900 million to 1 billion rials…

More than 90% of the Foreign Ministry's negotiations are focused on promoting economic cooperation and expanding export markets, particularly in Central Asia, West Asia, Africa and Latin America,…

Iran's Ministry of Economic Affairs and Finance has published a report detailing the performance of seven Iranian banks in the area of correspondent relations, indicating that the international…

In line with Bank Melli Iran's activities in Iraq, the bank is going to open a branch in the shrine city of Najaf in the near future while starting a branch in Karbala is also on its agenda, said…

Foreign exchange rates should be in line with economic realities but in order to forestall speculative activities, the Central Bank of Iran is keen on curbing the potential volatility that…

The Islamic Republic of Iran made exporting and importing easier by expanding the services offered by the national single window, said the World Bank in its Doing Business 2017 report for the…

A 50-member trade mission from Luxembourg is expected to arrive in Tehran on April 29 to hold talks with their counterparts from the Iranian private sector. Iran Chamber of Commerce, Industries,…

Iran exported more than 57.68 million tons of mineral products worth over $7 billion during the previous fiscal year (March 2016-17), registering a 38% and 17% growth in trade volume and value…

In its latest quarterly report on Iran’s economic performance, the Middle East Bank has reviewed changes in prices and inflation.

The inflation rate in Iran fell below 10% for the first…

Tehran Stock Exchange’s main index gained 35.33 points or 0.04% to end Monday trade at 79,425.90.

Over 1 billion shares valued at $62.96 million changed hands for the day.

Pars Minoo…

The taxation policy of the Ministry of Economic Affairs and Finance has proven to be effective in reducing the dependency of Iran’s budget on oil revenues from 70% during the previous…

The government has slashed import tariffs on sugar from 26% to 20% to adjust prices in the runup to the holy month of Ramadan (May 28-June 25, 2017), secretary of Iranian Sugar Factories Syndicate…

The 24th International Exhibition of Detergents, Cleansers, Hygienic and Cellulose Products and Related Machinery, also known as “Iran Beauty and Clean 2017”, opened in Tehran on Monday.

Iran Air has confirmed the cancellation of the earlier-than-expected delivery of a Boeing 777-300ER as part of a $17 billion order from the American planemaker.

The internationally popular tourist city of Isfahan in central Iran has launched a raft of new technological upgrades to city services including a new ‘Information Kiosk’ in one prime location…

The official portal of Measuring Information Society of Iran (MIS) affiliated to the Information Technology Organization announced that Internet penetration rate grew 7% during the last fiscal…

The Ministry of Communications and Information Technology launched an ambitious project on Monday to connect houses to a nationwide fiber optic network (fiber-to-the-home) with speeds of up to 1,…

The Central Bank of Iran has urged banks to set up a compliance risk department in line with Basel II Accord issued by the Basel Committee on Banking Supervision in June 2004, said the CEO of Bank…

The Fourth Iran-Europe Banking and Business Forum is to focus on investment opportunities in Iran and banking system improvements in the post-sanctions era, the head of Iran's Monetary and…

The press conference for the first-ever International Conference on Virtual Water in Iran was held on Saturday to analyze the effective use of water in agriculture in light of the country’s…

The Export Guarantee Fund of Iran, the state-owned export credit agency, issued export insurance and guarantees worth $1.6 billion in the previous Iranian year (March 2016-17), marking a 71%…

The bank accounts of Iranian nationals living in the UK currently face no problems, as was suggested by a recent article published by the British newspaper the Guardian, according to two officials…

More than 334,300 tons of apples worth close to 3.3 trillion rials ($87.1 million) were exported from Iran during the 11 months to February 18, the Islamic Republic of Iran Customs Administration…

Some $60 million worth of tilapia were imported into Iran in the last fiscal year that ended on March 20, 2017, the head of Iran’s Union of Seafood Reproduction, Cultivation and Exports said.

Iran has agreed to activate a corridor stretching from the Persian Gulf to the Black Sea through Azerbaijan and Georgia.

President Hassan Rouhani and First Vice President Es’haq…