Economy

India is inching closer to establishing its presence near the Persian Gulf with billionaires Gautam Adani and Essar group’s Ruia brothers flagging interest in managing terminals at Iran’s Chabahar…

German exports to Iran rose by 26% last year and by more than 30% in January alone, says an economist at Germany’s Chamber of Commerce and Industry, known by its German acronym DIHK, as trade…

The odds of Boeing selling planes to Iran appear to be lengthening by the day, CNN Money reported.

Relations between Iran and the US are going from bad to worse. Tehran slapped sanctions on…

An extended railroad construction is underway to connect Iran to the Syrian west coast on the Mediterranean Sea, crossing the Kurdistan Region in northern Iraq, according to Iranian President…

Samsung’s Galaxy S8 has yet to officially hit the shelves in Iran (apart from a couple of stores claiming to have the new phone in stock at 30 million rials), but it has already caused an issue…

Sales from science-based companies doubled during the last fiscal year (ended March 20) and reached 200 billion rials ($5 million) compared to the 100 billion rials ($2.5 million) in the preceding…

An Iranian advertising company, Novin Marketing has begun selling advertisement for Iranian companies via Google’s AdSense software, according to claims by the enterprise.

A formal trade mission from the Canadian province of Quebec will travel to Iran in early May to discuss contracts in the aluminum sector.

Quebec Ministry of Economy, Science and Innovation…

Iran’s non-oil foreign trade stood at $87 billion during the past Iranian fiscal year (March 2016-17).

Iranian insurance industry earned 29.4 trillion rials ($789.4 million) by selling 2,357,171 life insurance policies during the 10 months to January 19. 

The Governor of the Central Bank of Iran has named bringing discipline to the banking system and structurally reforming it as "the most important plans of the bank during the next fiscal year"…

Iran's banking network has historically had a robust presence in Europe, offering services to Iranian merchants and facilitating trade transactions between the European Union and resource-rich…

Bahar Azadi Gold Coin fell by 100,000 rials on Wednesday, changing hands for 12.10 million rials ($323) in Tehran’s market to witness another drop after an unexpected rally in recent days.…

Data released by the Central Bank of Iran for the month ending January 19 put  banks’ total foreign assets at 2.3 quadrillion rials ($61.5 billion) by January 19, marking a 6% growth compared…

Asiatech Data Transfer Inc PLC will be listed in Tehran Stock Exchange in May, the director general of the firm said.

“The $7.9 million Asiatech offers services in 430 cities across the…

After a 12-hour session, the Supreme Labor Council agreed to raise workers’ minimum wage for the next fiscal year (March 2017-18) by 14.5% to 9.3 million rials ($244.7) per month.

The…

Iranian billet exporters achieved a considerable increase in exports over the past few weeks, mainly supported by the uptrend in the Commonwealth of Independent States semis segment.

Representatives of the Turkish steel sector are interested in developing lucrative cooperation with Iran, as steel trade between the two countries is on the uptrend.

A mine situated on the outskirts of Mount Sabalan in Ardebil Province holds the largest agate reserve in the world.

Sabalan’s agate is famous in the world and can shake the global market…

Tehran Stock Exchange’s main index gained 98.90 points or 0.13% to end Wednesday trade at 76,737.9.

Some 4.9 billion shares valued at $471.9 million changed hands for the day.

Kavir…

Over 1.5 billion tons of proven metal reserves have been discovered since President Hassan Rouhani took office in August 2013, deputy minister of industries, mining and trade said on Wednesday.

Some 8,000 taxies, 5,000 buses and 500 minibuses are ready to offer services to travelers during the Norouz 9Iranian New Year) holidays in Tehran Province, the director general of Road Maintenance…

Under the administration of President Hassan Rouhani, as many as 6,661 development projects worth 90,240 trillion rials ($240.640 million) were launched across Khorasan Razavi Province, says…

In 2016, trade turnover between Iran and Moscow increased by 80% and amounted to over $2 billion, the head of the second Asian department of Russia’s Foreign Ministry said.

Iran and Azerbaijan inaugurated a short railroad in early March with far-reaching implications.