Economy

The United States’ ban on Iranian products will result in the loss of US and UAE’s markets for Iranian carpets, hence it is necessary for exporters to focus on alternative markets such as…

The US administration’s decision to pull the plug on the Joint Comprehensive Plan of Action, the formal name of the nuclear deal struck between Iran and world powers, including the United States…

Minister of Industries, Mining and Trade Mohammad Shariatmadari appointed personnel to the newly-founded taskforce called “Intensified Fight Against Hoarding and Stashing” on Friday.

US Secretary of State Michael Pompeo and Treasury Secretary Steven Mnuchin rejected a request from European leaders for broad-based waivers from sanctions the US will reimpose on countries that…

Just weeks before US reimposes sanctions on Iran, the Indian government has approved a proposal from Iranian private lender Bank Pasargad to open a branch in Mumbai.

According to Indian…

New US sanctions are likely to prevent the use of a Lloyd’s of London IT platform for any Iran insurance, adding to difficulties for European insurers providing cover for the country.

Bank Maskan, the agent bank of Iran’s housing sector, has released its latest performance report showing that the number of loans it allocated to applicants during the first quarter of the…

Brazil is among top exporters of basic agricultural products to Iran with the country purchasing about $780 million worth of corn, $565 million worth of meat and $280 million of sugar from the…

Following a government directive barring imports of vehicles into Iran, authorities with Consumer and Producer Protection Organization have announced that pre-selling such vehicles is also…

The Tesla Model Y is on track for a March debut, Elon Musk confirmed in a Friday interview. The Tesla CEO said the upcoming sports utility vehicle, set to offer a cheaper alternative to the…

Owning a 3.4% share of Iran’s auto market, the country’s second-largest private automotive company Kerman Khodro has acquired the required permits for launching an initial public offering on…

The total volume of liquidity reached 15.3 quadrillion rials ($354.24 billion) by the end of the previous fiscal year on March 20, 2018, latest data released by the Central Bank of Iran show.

Japanese banks are moving to stop handling all Iran-related transactions to meet a November deadline set by the United States, after president, Donald Trump, in May pulled out of the nuclear…

The Central Bank of Iran has sent a directive to the banking system announcing that fees levied on payments made through mobile phones have been eliminated, in what can be interpreted as a blow…

Maskan Investment Group, the parent company of Bank Maskan, has outlined the group’s new policy in line with the bank’s efforts to spur the housing market.  Iran’s property market has been…

More than 1,180 tons of biscuits worth around $3.7 million were imported into Iran during the last Iranian year (March 2017-18), data released by the Islamic Republic of Iran Customs…

The last time the country experienced a rise in retail bread price was in November 2014. 

Around 1.2 million tons of different kinds of dates were produced in Iran in the last Iranian year (March 2017-18), more than 181,000 tons of which were exported, Tehran Chamber of Commerce,…

The United States has rejected a French request for waivers for its companies operating in Iran that Paris sought after US President Donald Trump imposed sanctions on the Islamic Republic,…

More than 2 million tons of sugar were produced in Iran in the last Iranian year (ended March 20, 2018) to set a record over the last 123 years, the secretary of Iran’s Sugar and Sugar Cube…

Comatose for most of the week, Tehran stocks took a hit on Wednesday as the prospect of a full-scale global trade war drove panicked investors into a selloff.

A heavyweight petrochemical…

A new terminal at Jahrom Airport in the southern Fars Province is under construction, which is expected to become operational in the spring of the fiscal March 2020-21, the director general of…

Fresh fruits registered the highest year-on-year inflation rate of 52.3% over the year ending July 6 while pulses had the lowest inflation rate of 1.2%.

The Islamic City Council of Tehran approved on Tuesday a measure that increases the costs of burial plots at Behesht-e Zahra, the largest cemetery in Iran located in southern Tehran. 

A huge number of Afghan immigrants and refugees have begun to leave Iran due to the recent decline in the value of the Iranian national currency, arguing that it’s no more cost-efficient to work…