Economy

The new railroad connecting Iran and Azerbaijan was tested late Friday after a train set off on a maiden journey from the city of Astara in the neighboring country. The train travelled 8…

Chairman of Iranian National Tax Administration Seyyed Kamel Taqavinejad believes scuttling the value added tax and replacing it with consumption tax, as proposed by Majlis Joint Commission…

With a bustling population of 80 million people and an estimated GDP of about $400 billion, Iran is an emerging market ripe for investment.

In an interview with Bloomberg, Dragica Grbavac,…

Electric cars developed at a knowledge-based firm affiliated to the Islamic Azad University, Qazvin Branch, will soon hit the roads according to the university dean.

Morteza Moosakhani,…

Russia’s UAZ auto company, which announced its entry into the Iranian market during the Tehran Auto Show in February, is to begin production in Iran in 2018, according to a company representative…

Mammut Khodro, an Iranian automotive firm, has received the first delivery of Volkswagen cars the company intends to import. The shipment consisted of several completely built units of Volkswagen…

Auto and parts exports during the first 11 months of the current fiscal year (ends March 20) fell 36% compared to same period last year.  According to data released by the Islamic Republic of…

MasterCard does not have any direct links with Iran due to the primary sanctions still in place, said the Central Bank of Iran’s head of Communications and Information Technology Department.

A senior lawmaker has criticized the latest public statement issued by the Financial Action Task Force concerning Iran, saying it would be "unacceptable" for the country to stay on the…

Officials from Export Guarantee Fund of Iran and Norwegian Guarantee Institute for Export Credits (GIEK) discussed expansion of ties during a meeting held this week in Tehran.

The Norwegian…

Bank Sepah’s foreign exchange transactions have reached $4.2 billion and are expected to exceed $5 billion by the end of the fiscal year on March 20, said the CEO of Bank Sepah.

Foreign currency loan defaulters will see some restrictions lifted, if they were to repay a portion of their debts, the Cabinet ministers have decreed.

President Hassan Rouhani's ministers…

The track laying operation for the railroad connecting Iran’s northwestern city of Astara to an Azerbaijan city with the same name began in the Iranian section of the project on Thursday. …

The Iranian National Tax Administration collected 720 trillion rials (over $19 billion) in tax during the 11 months to February 18, registering a 26% increase compared with the corresponding…

Tehran Stock Exchange’s main index shed 372 points or 0.5% during the week that ended March 1 to close at 77,475.

This is while IFX, the over-the-counter Iran Fara Bourse’s benchmark, added…

Many countries have dispatched economic delegations to explore the Iranian market after Iran’s nuclear agreement with world powers.

With Iran to its south and Russia to its north and west, the Caspian Sea is not only rich in oil and natural gas reserves, but it is also the world’s primary and largest habitat for the beluga,…

Economy Minister Ali Tayyebnia said rent-seeking, astronomical executive salaries and cronyism are examples of corruption in state-run companies.

Blaming the stiff resistance mounted by…

Close to $2 billion worth of goods have been exported from East Azarbaijan Province in northwest Iran since the beginning of the current Iranian year (March 20, 2016), the director general of East…

Butane Industrial Group signed a cooperation contract with Bosch Thermotechnology Ltd, a subsidiary of Robert Bosch GmbH, in late February whereby Butane company will be the exclusive manufacturer…

Kazakhstan and Iran are planning to establish a joint free trade zone, says Ayan Yerenov, chairman of Foreign Trade Business Chamber of Kazakhstan. “Negotiations are underway for creation of [a]…

Over $281 million worth of goods and services were exported from Iran’s seven free trade and industrial zones during the 10 months to January 19, indicating a 29% rise year-on-year.

Russia's Orthadox Church has weighed into the debate about social media websites and applications saying those who crave social media attention suffer from a "real disease".

The head of…

A South Korean court will on March 9 hold its first hearing in the trial of Samsung Group leader Jay Yun Lee, who faces charges of bribery as part of a corruption scandal that has rocked the…

The High Council of Cyberspace ruled this week that government organizations and education facilities must use locally developed search engines as part of a government policy to support local…