Economy

Mehrabad International Airport in western Tehran handles 400 flights every day, the head of Mehrabad airport said. Ali Rostami added that the airport is operating at full capacity, IRNA reported.…

First Vice President Es’haq Jahangiri said the services sector is the most important field of economic activity in Iran. Speaking in Iran Chamber of Guilds Forum on Saturday, Jahangiri added that…

Exports to Iraq through Mehran’s border terminal, located in the west of Ilam Province, amounted to about $1.56 billion during the eight months to November 21.

These indicate a 75% increase…

Iran and Italy signed a memorandum of understanding for cooperation over protection of intellectual property rights.

A 590-strong delegation from Russia arrives in Tehran today to take part in the 13th session of Iran-Russia Economic Commission on December 13, co-chaired by Iran’s Minister of Communications and…

Over 812,000 tons of goods worth $680 million were exported from East Azarbaijan Province during the eight months to November 20, registering a 9% increase in weight and a 2% decline in value…

High-ranking officials and economic players of Iran and the Czech Republic met as part of their joint economic commission in Prague on Friday, during which a memorandum of understanding for…

Aprin dry port and logistic park on the outskirts of Tehran will become operational in three years, the CEO of Islamic Republic of Iran Railways said.

“Development of Aprin logistic park is…

The US dollar sold for 39,200 rials in Tehran’s market on Saturday, slightly up from the previous day’s 39,100 rials. The currency fetched as much as 39,400 rials in midday trade, according to the…

Shaparak, Iran’s domestic payment network, hosted more than 1 billion transactions worth 1.104 quadrillion rials ($28.1 billion at the open market rate) during the month ending October 21.…

The government will this week review the building of 200,000 housing units as part of the Social Housing Plan, announced a deputy of the Ministry of Roads and Urban Development.

Hamed…

Iran’s presidential chief of staff proposed that the Central Bank of Iran open an account with the Swedish National Bank in his recent meeting with the Nordic country’s finance minister.

Fiat Chrysler Automobiles plans to reveal a fully electric vehicle based on the Chrysler Pacifica minivan at CES in Las Vegas next month as the carmaker moves to get in step with the industry’s…

The Social and Crime Prevention Bureau of the judiciary has revealed the names of five car models that are a darling of car thieves. 

The cars most affected are the SAIPA Pride, IKCO's…

Pakistan is willing to cooperate with Iran as part of a new project to set up South Korea's Kia Motors assembly line in the country, according to a member of the Karachi-headquartered Auto…

Banks in Switzerland could seize the opportunity of playing a leading role in financing investment projects in Iran, President Hassan Rouhani’s chief of staff said in a meeting with members of…

The Third International Exhibition of Bags, Shoes, Leather and Related Industries opened in Tehran on Tuesday, with foreign companies from 80 countries exhibiting their brands.

Held at the…

The government decided on Wednesday to allocate 2 trillion rials ($51.28 million at market exchange rate) in loans with an interest rate of 10% to orchard owners in Mazandaran Province who…

Tehran will host the annual forum of the Council of Asia-Pacific Furniture Association (CAFA) on December 14, in which representatives of furniture associations from Pakistan, the Philippines,…

Iran will send skilled workers in tourism, mining, fishing and transportation sectors to Oman, based on an agreement reached between Iran’s Minister of Cooperatives, Labor and Social Welfare Ali…

Representatives of French firms were in Tehran for a three-day visit ending Wednesday to offer solutions in the fields of aerospace maintenance and airport infrastructure, and explore business…

Senior officials and trade association leaders from China and Iran have called for reinforcing Beijing’s role in revitalizing infrastructure and trade in Iran.

China is well positioned for…

Plans are underway for cement production to reach 57 million tons by the end of the current Iranian year (March 20, 2017), 20% of which will be earmarked for exports, says a member of Cement…

Iran’s budget plans for the post-sanctions era are supportive of growth, but the incoming US administration and oil prices could present obstacles, Moody’s said.

Islamic Republic of Iran Shipping Lines has signed its first post-sanctions shipbuilding deal with the world's largest ship manufacturer Hyundai Heavy Industries on December 9.

Based on a…