Economy

In what is being seen as an assurance to Iran, India on Thursday said it is moving with “speed and skill” on the Chabahar Port project and said it was “committed to the development” of the port…

Jeff Bezos’ rocket company plans to charge passengers about $200,000 to $300,000 for its first trips into space next year, two people familiar with its plans told Reuters.

Urmia Municipality and major Iranian mobile operator MTN-Irancell have signed a contract to launch an optical fiber project, as part of a scheme to turn the northwestern city of Urmia into a…

In light of the current blackouts resulting from a seasonal shortage of electricity and an urgent need to implement crisis management policies, various state bodies have made due gestures so as…

Petrochemical firms have presented $1.5 billion of their export earnings to the market in the past two months at the unified rate of 42,000 rials, a guild official announced. 

Ahmad…

Bank Maskan CEO Abolqasem Rahimi Anaraki announced plans to revitalize the housing sector by helping balance supply and demand. “Our studies show a large number of residential units on offer in…

A senior Central Bank of Iran official said the bank is conducting studies to "revise" interest rates in the banking system. 

Members of Iran’s Parliament have ratified a single-urgency plan containing seven articles that propose measures to nullify or weaken the impact of sanctions the US plans to reimpose on the…

A housing official said the government is providing funds to complete the construction of 150,000 residential units, as part of the protracted Mehr Housing Project initiated more than a decade…

Tehran Stock Exchange’s main index lost 1,343.87 points or 1.21% on Wednesday to end trading at 109,505.1.

About 829 million shares valued at $50.43 million changed hands at TSE for the…

The inauguration ceremony of the final section of Line-1 of Isfahan Subway was held in the presence of First Vice President Es’haq Jahangiri on Tuesday.

Iran Aseman Airlines’ board of directors appointed Mohammad Gorji as the new managing director to replace Hossein Alaei who had resigned. 

Gorji is a highly experienced aviation…

Iran’s total non-oil trade with member states of the Organization of Islamic Cooperation in the last Iranian year (ended March 20, 2018) witnessed a 6.84% and 12.46% rise in tonnage and value…

The Islamic Republic of Iran Customs Administration said it has exported a first cargo to Pakistan through the southeastern Mirjaveh Customs Office under cover of the electronic TIR Convention—…

Iran on Tuesday criticized India for not fulfilling its promise of making investments in the expansion of the strategically located Chabahar Port.

Some 1,150 production units in Iran’s industrial parks were revived since President Hassan Rouhani began his second term in office (August 2017) up until May 21, creating 17,753 jobs in the…

Iran Airports Company registered a total od 33,451 takeoffs and landings during the Iranian month ending June 21, which shows a 4% decline compared with last year’s corresponding period.

An Iranian delegation is scheduled to visit three East African countries, namely Ethiopia, Uganda and Kenya, from September 3 to 7.  The mission is organized by the Vice-Presidency for…

The provisional agreement to establish a free trade zone between the Eurasian Economic Union and Iran can help double Belarus’ exports to the Islamic Republic.

A top US official said the US government is unlikely to issue any licenses that would allow companies like Airbus and ATR to continue supporting aircraft in service with Iranian airlines.

Tehran Metro Group has announced that the partial relaunch of Line 7 has been scheduled for July 14. The line was initially inaugurated in 2017 and was shut down due to safety issues. “In the…

Tehran Auto Dealers Association has been holding talks with authorities and carmakers offering proposals on market management so as to rein in the auto sector's chaotic conditions and control…

Shanghai will accelerate efforts to cancel restrictions on foreign investment in the auto manufacturing sector, a government official said on Wednesday, a day after Tesla said it would build a…

A media delegation from, Russia comprising leading press and broadcast representatives on Tuesday met with managers of Donya-e-Eqtesad Media Group at the company’s head office in Tehran. …

First Vice President Es'haq Jahangiri accompanied by Minister of Industries, Mining and Trade Mohammad Shariatmadari inaugurated a development project at Saba Steel Complex in Isfahan Province…