Economy

Close to $118 million worth of non-oil products were exported from Golestan Province in northern Iran during the seven months to October 21, 2016, according to the head of the province’s…

The Ministry of Agriculture has banned the import of walnut because of bumper production of the crop in excess of domestic demand, an official with the ministry said. Ramezan Rouyintan added that…

India’s UCO Bank Ltd will open its Tehran office by the yearend, Iran’s Foreign Minister Mohammad Javad Zarif said, citing a top official with the Central Bank of India as saying. 

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Modiran Vehicle Manufacturing (MVM) has brought a new Chery model to Iran for testing before it goes on official sale. According to local automotive news website Asbe Bokhar, the new car, the MVM…

The central dealership of Iran’s second largest auto manufacturer, SAIPA, opened in Lebanon on Friday.

Senior officials from both countries attended the inauguration,…

A total of 820,463 cars were manufactured in Iran during the first eight months of the current fiscal year that started in March, according to a report from the Auto Manufacturers Association.…

Agriculture Minister Mahmoud Hojjati and Dutch Minister of Economic Affairs Henk Kamp signed a memorandum of understanding in Amsterdam on Friday to enhance cooperation in the agriculture sector.…

The average Producer Price Index in the 12-month period ending November 20, which marks the end of the Iranian month of Aban, reached 3.3% compared with last year’s corresponding period.

Leading an economic delegation, Foreign Minister Mohammad Javad Zarif is to set off on a tour of India, China and Japan on Saturday. The delegation comprises directors of 38 companies affiliated…

The return of 17 international shipping lines to the provincial ports since the implementation of the Joint Comprehensive Plan of Action is a great success, the governor of Hormozgan Province said…

Intermediate goods constituted 68% of the value of Iran's imports during the eight-month period ending November 20.

According the Islamic Republic of Iran Customs Administration's latest…

Iran’s Minister of Cooperatives, Labor and Social Welfare Ali Rabiei is scheduled to attend the 16th Asia-Pacific Regional Meeting of the International Labor Organization in Bali, Indonesia, from…

The governor of the Central Bank of Iran is trying to assuage concerns about the recent surprise rally in currency markets saying the surge is temporary and will abate in the last three months of…

All Iranian banks will again face another grueling period until the current fiscal year ends in March, says a senior banking expert.

Lawmakers will debate the Comprehensive Banking Bill during a plenary session on Sunday, said Mohammad Reza Pourebrahimi, a member of the Majlis Economic Commission. 

Officials from the Industrial and Commercial Bank of China, the world’s largest bank by total assets and market capitalization, has held talks with the Central Bank of Iran in recent weeks to…

Dozens died and more than 100 others were severely injured in what has become one of the worst rail accidents in Iran in recent memory. 

The subsidiaries of National Iranian Copper Industries Company produced 110,268 tons of copper cathode during the seven months to October 22, registering a 15.5% growth compared to last year’s…

New Zealand’s Trade Minister Todd McClay led the country’s first trade mission to Tehran in 12 years on Friday to revive exports after the lifting of nuclear sanctions against Iran.

“There…

Tehran Stock Exchange’s benchmark index TEDPIX gained 633 points or 0.8% during the week that ended November 30 to close at 80,018. 

There remains a gap between Iran’s consumption and production of flat steel products despite increases in the country’s crude steel capacity, the secretary of the Iranian Syndicate of Steel Pipe…

Iran and Armenia discussed scientific cooperation and joint nanotechnology research. Kazem Sajjadi, Iran’s ambassador to the neighboring country, and Saeed Sarkar of the Iran Nanotechnology…

A new survey conducted by Iran’s Communications and Information Technology News Agency on the quality of 3G/4G mobile Internet connections proclaimed RighTel as the winner in this category.

A plug-in self-driving software company is giving away its retrofit software for free.

George Hotz, the inventor of the Comma.ai windshield-mounted driver assistance device, has made the…

The US dollar is once again at the center of attention in the Iranian currency market with its recent pattern on the upside, the only notable difference this time around being that the higher…