Economy

About $91 million worth of medicinal herbs, including cumin, coriander and coriander seeds, henna and damask rose, were exported in the last Iranian year (March 2015-16).

At present 140,000…

Minister of Economic Affairs and Finance Ali Tayyebnia believes an 8% economic growth for the upcoming Iranian year (March 2017-18) is within reach, “if the political wrangling during presidential…

Tehran was the eighth most traffic-congested city among 30 cities in the world in 2015. 

According to secretary of Iran Urban Economics Scientific Association, Seyed Mohsen Tabatabaie…

Japan has extended $7 million as grant to the Islamic Republic of Iran Customs Administration to procure X-ray machines, says IRICA chief Masoud Karbasian.

Karbasian noted that up until now…

The government of President Hassan Rouhani has provided wide-ranging tax incentives to promote manufacturing, investment and non-oil exports, the head of the Iranian National Tax Administration…

Some 4,400 tons of Persian hand-woven carpets worth $275 million were exported from Iran during the 10 months to January 19, registering a 19% rise compared with the corresponding period of last…

While the range of steel producers, especially in Europe, is actively developing their distribution chains through the Internet, Iran is taking first steps on its way to digitalization. 

All initial public offerings on the Iranian equity market have been suspended till the end of the current fiscal year (March 20, 2017), an official with the Securities and Exchange Organization…

In an operation carried out by the Intelligence Ministry on the outskirts of Tehran, seven containers of apparel, textile and accessories worth about 10 billion rials ($2.6 million) were…

Tehran Stock Exchange’s main index gained 189.50 points or 0.25% to end Wednesday trade at 77,189.7.

About 981 million shares valued at $91 million changed hands for the day.

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Scania has signed an agreement in principle with the Iranian province of Isfahan and Shahr-e Atiyeh Investment Company on the delivery of 1,350 buses for public transport for Isfahan and four…

General Motors had a deal to unload its money-losing European division in 2009 before backing out at the last minute, saying its prospects there had improved.

The Senior Vice President of Renault Corporate Design Laurens van den Acker unveiled the company’s Koleos model at a private event on Monday in Tehran. The official was accompanied by senior…

House prices have not increased in the past four years and that is not expected to change in the foreseeable future, said the minister of roads and urban development. “We had 650,000 empty housing…

The Central Bank of Iran and Japan's Financial Service Agency signed an exchange of letter on February 12 aimed at easing banking relations and promoting exchange of experience related to…

In the latest measure to gradually revitalize Iran’s banking relations with other countries following the lifting of international sanctions, the governor of Central Bank of Iran, Valiollah Seif,…

Iranian fintech firms and startups have been in the spotlight in recent months, with bankers expressing interest in forging partnership with them. Some experts, however, are concerned about the…

High-ranking officials of Iran and Luxembourg have signed an agreement to support investments and improve banking ties.

Throughout history, the path to industrial development has been paved by steel industry. It has built up invaluable infrastructures, spearheaded technological development and spurred economic…

The government has made an aggregate payment of 119 trillion rials ($3.12 billion) to Tehran Municipality over the two past two years, of which 61 trillion rials ($1.59 billion) were paid in the…

Some 120 lawmakers have signed a parliamentary motion aimed at improving the lives of border residents and couriers. 

Maritime transportation accounts for about 87% of global trade, which figure for Iran currently stands at 85%, the CEO of the Islamic Republic of Iran Shipping Lines said.

According to…

Some 90% of contraband household appliances have been confiscated from stores selling these products across the county, the head of Iran’s Home Appliances Association said.

Trade between Iran and Pakistan over the nine months to December 20, 2016, increased by 35% compared with the preceding year’s corresponding period to stand at $805 million, according to Iran’s…

Iran Aseman Airlines is set to lease seven A320neo from an undisclosed Irish firm following the signing of a memorandum of understanding between Iran’s Civil Aviation Organization and the Irish…