Economy

The Money and Credit Council approved Central Bank of Iran financial statements for the fiscal year ending March 19, 2016. Statements had been primarily reviewed by the bank, the CBI website…

The total number of home sales in Tehran reached 15,000 during the month ending July 20, marking an annual growth of 27.6%. Residential units were sold at an average price of 42.3 million rials ($…

The Central Bank of Iran said Thursday commercial banks will soon be allowed to trade in the parallel foreign exchange market, as part of the initiative to scrap the dual exchange rates and move…

More than 11.2 million tons of goods were handled in Iranian ports during the Iranian month ending July 21, which indicates a %4.3 rise compared with last year’s corresponding month, according to…

An Iranian trade delegation arrived in Azerbaijan’s Nakhchivan Autonomous Republic on Thursday on a two-day visit to discuss expansion of bilateral ties. Ali Navadad, deputy governor general of…

The construction of a freeway linking the city of Tabriz in East Azarbaijan Province to the city of Bazargan in Maku county of West Azarbaijan on the Turkish border is expected to be completed in…

The Producer Price Index in the 12-month period ending July 21, which marks the end of the Iranian month of Tir, increased by 3.5% compared with last year’s corresponding period, according to the…

Heading a delegation of representatives from the public and private sectors, Iranian Minister of Communications and Information Technology Mahmoud Vaezi left Tehran for Russia’s Astrakhan last…

Iran’s Economy Minister Ali Tayyebnia said economic statistics in the first four months of the current Iranian year [started March 20] have been promising.

Trade routes between Iran and Iraq have thrived over the past decade because Iraqi markets remained mostly open at a time when sanctions closed off other potential markets for Iranian exports.…

Tehran Stock Exchange intends to design an index for fixed-income securities offered on the exchange, says Chief Executive Hassan Qalibaf-Asl. “We have sent the request for a debt market index to…

Fourteen foreigners registered for trading in Iran’s securities markets in the Iranian  month of Tir (June 21-July 21, 2016), a Central Securities Depository of Iran executive said.

…

Tehran Stock Exchange's benchmark index jumped by 1,712 points or 3.2% during the trading week that ended July 27 to close at 76,225.

TEDPIX recorded its biggest daily gain in four weeks on…

Export of three strategic minerals, namely iron ore, copper and gold, in their raw form will be banned by the end of the first half of the next Iranian year (August 22, 2017), the head of…

Iranian steel manufacturers believe consolidation is the only way out of the ongoing recession, as they aim to boost steel exports.

Renault-Nissan alliance chairman and CEO, Carlos Ghosn, confirmed that the alliance will invest $800 million in Argentina through 2018.

Iran is a market with great growth potential, therefore Skoda Auto intends to enter the market, the company’s spokesperson said. Tomas Kubik made the confirmatory remark when Financial Tribune…

Man AvtoUZ, a German-Uzbek joint venture, will begin the production of 3,000 new lorry cabs under the MAN brand in early September for the Central Asian country and other regional states.

…

French automaker PSA Group shrugged off a drop in Chinese sales and an aging lineup to deliver a record first-half profit, as Chief Executive Carlos Tavares made progress on his turnaround plan…

Exports from Arvand Free Commercial-Industrial Zone in the southwest of Iran amounted to more than $1.4 billion in the last Iranian year (March 2015-16), indicating a 9% increase compared to the…

Iran’s largest producer of semi-finished casting products, Khuzestan Steel Company, plans to strengthen positions in export markets this year, which may tighten competition with other suppliers to…

Iran Mercantile Exchange saw the trading of 407,779 tons of goods on Wednesday, including 110 tons of I-beam, 20,220 tons of rebar, 30,500 tons of steel ingot, 10,729 tons of bitumen, 160 tons of…

Iranian Central Plateau Iron Ore Mines Complex, otherwise known as ICEP, plans to increase its granulated iron ore output to 1.4 million tons by the end of the current Iranian year (March 2017…

Finnish company Outotec has been awarded a contract by Shangdong Province Metallurgical Engineering Co., known as SDM, for the delivery of process equipment to the Iron Concentrate Project Sangan…

Stocks accelerated their rally on Wednesday, as large-scale deals between big market players boosted the market's climb a day after the entire board of the Securities and Exchange Organization…