Economy

Flying cars, that perennial dream for futurists that always seem to be at least five years away, may be a little closer to reality than we realize. A lot of prototypes have been showcased recently…

Iran has registered a huge increase in its current account surplus from 2.7% of GDP in 2015 to 6.5% of GDP in 2017, the World Bank has said.

The Fourth Iran-Europe Banking and Business Forum will be held in Tehran on April 29-30.

Export Guarantee Fund of Iran and Portugal’s private insurance firm COSEC signed a memorandum of understanding in Tehran on Tuesday to expand cooperation.

The two entities agreed to expand…

The Central Bank of Iran must be the only state organization officially releasing statistics pertaining to the assets of banks, the director general for banking affairs at the Ministry of Economic…

A recent report released by the Ministry of Industries, Mining and Trade shows domestic production of home appliances witnessed an increase in the 11 months to January 2017, compared with the…

To promote reading and support publishers, the Ministry of Culture and Islamic Guidance has allocated 164 billion rials ($4.37 million) in subsidies for the 30th Tehran International Book Fair,…

Iran and Finland have agreed to cooperate in customs control, protection, goods classification and valuation, in addition to countering narcotics and psychedelic drugs as per documents signed by…

About 39.6 million tons of non-oil goods worth $15.2 billion were exported from the southern Bushehr Province in the last Iranian year (March 2016-17), registering a 47% rise in tonnage and 17%…

The implementation of the Joint Comprehensive Plan of Action sent trade with South Africa soaring by 80% last year (March 2016-17) compared with the year before, Iran’s commercial attaché in South…

The Eurasian Economic Union and Iran may sign an agreement on trade and economic relations in a few months, a spokeswoman for the Armenian Ministry of Economic Development and Investment said.…

Georgia is seeking to attract more investments from Iran and has informed Iranian investors about local opportunities offered by its “business-friendly” environment.

The Georgia-Iran…

Tehran Stock Exchange’s main index gained 311.60 points or 0.4% to end Wednesday trade at 78,651.4.

More than 1.25 billion shares valued at $75.36 million changed hands for the day.

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Mouteh Gold Mine produced 380 kilograms of gold ingots in the last Iranian year (ended March 20, 2017), indicating a 54% growth compared with those of the preceding year, the mine’s managing…

The Central Securities Depository of Iran has listed the largest companies in the Iranian equity market in terms of shareholders by March 20, 2017.

At Tehran Stock Exchange, the top three…

Iran’s budget deficit for the 11 months of the last Iranian year (March 20-Feb. 18, 2016) stood at 232.9 trillion rials ($6.2 billion), showing a 23% decline compared with the similar period of a…

Iran’s largest steel producer, Mobarakeh Steel Company, has completed the installation of a new 5 million-ton/year iron ore pelletizing plant in Sangan, northeastern Iran.

It is also…

Domestic production accounts for about 40% of tire and motor oil demand in Iran.

To help meet this demand for such products, the country relies on imports from China, Thailand, Taiwan,…

Volkswagen reported a 28% jump in first-quarter operating profit, helped by a return to earnings growth at its core VW brand which has struggled to recover from the German carmaker’s diesel…

In the last month of the last Iranian year (ended March 20), carmakers recorded significant year-on-year growth in production, according to the latest statistics. According to ISNA, Iran Khodro,…

Tehran Chamber of Commerce, Industries, Mines and Agriculture–the country's biggest private-sector assembly–issued a business manifesto on Tuesday, outlining the Iranian private sector's…

Iran’s inflation rate is unlikely to go beyond 11% during the current fiscal year that started on March 21, the vice governor of the Central Bank of Iran said.

By the end of the previous Iranian year (ended March 20), about 22,500 billion rials ($0.6 billion) were allocated to the banking system to waive late payment penalties and they will receive a…

While 14 years have passed since the last time the law on checks was reformed in Iran, the head of Central Bank of Iran’s Information Technology Department announced that the law is to be amended…

The Financial-Economic Databank and Iran's Economic Data Monitoring website, which is the first of its kind, were unveiled on Tuesday, with Economy Minister Ali Tayyebnia and his deputies in…