Economy

The Central Bank of Iran has increased the US dollar's exchange rate for the fourth time since it unified the rate on April 9. 

The move is a further sign that CBI is delivering on…

Iran’s banking sector witnessed a drop in the volume but a rise in the total value of checks that bounced in the closing month of the last fiscal year (ended March 20, 2018), according to the…

Iranian banks and credit institutions held a total of about 1.3 quadrillion rials ($30.87 billion) in non-performing loans by the end of the previous fiscal year on March 20, 2018, according to…

The average Producer Price Index in the year ending March 20, 2018, increased by 12.9% compared with the same period of last year, the Statistical Center of Iran reported.

The overall…

Life Trade Promotion Company signed an agreement with Sistan-Baluchestan Ports and Maritime Organization on Wednesday to establish Iran’s first fully mechanized mineral export terminal in…

Iran traded $364.34 million worth of non-oil goods with Austria in the last Iranian year (ended March 20, 2018), registering an increase of 19.2% compared with the year before. 

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Iranian steel mills produced 8.12 million tons of crude steel during the first four months of 2018, up 27.6% compared with last year’s similar period, according to the latest report released by…

Tehran Stock Exchange’s main index gained 349.0 points or 0.37% on Saturday to end trading at 95,794.

About 2.02 billion shares valued at $94.60 million changed hands at TSE for the day…

The average goods and services Consumer Price Index for urban areas in the 12 months ending May 21, which marks the end of the Iranian month of Ordibehesht, increased by 9.1% compared with last…

Iran’s population will get increasingly older over the next two decades. Last year (March 2017-18), 6.1% of the population were over 65 years. 

The import department of the Islamic Republic of Iran Customs Administration has announced that it has discontinued the requirement for licensed manufacturing enterprises making upfront tax…

Turkey will take every initiative to protect its companies from US sanctions, Ankara’s Foreign Ministry spokesman said on Friday, a day after the United States imposed sanctions on several…

UK-based company Westminster Group PLC is still hopeful it can move forward with its airport security contracts in Iran.

The group put on hold a €24 million contract with an airport…

In the face of Washington’s withdrawal from the historic nuclear deal with Tehran, Citroen’s CEO Linda Jackson says while waiting for the European Union to take a clear position on US sanctions…

Fiat Chrysler is warning the owners of approximately 4.8 million vehicles to stop using the cruise control immediately due a potential defect that could leave the driver unable to cancel cruise…

Tesla Inc has flown six planes full of robots and equipment from Europe to California in an unusual, high-stakes effort to speed up battery production for its Model 3 electric sedan.

Shaparak, the entity in charge of Iran’s payment settlement network, announced processing more than 1.44 billion transactions worth over 1.17 quadrillion rials ($27.81 billion) during the first…

Chairman of Majlis Economic Commission said on Tuesday a parliamentary measure to manage the foreign exchange market is still on the agenda, but lawmakers are giving the government more time to…

Iranian banks and credit institutions allocated 257.2 trillion rials ($6.13 billion) in credits during the first month of the current fiscal year to April 20, which were handed out in the form…

The Georgian TBC Bank provided clarifications on a directive it issued last week to impose banking restrictions on Iranian nationals who fail to meet new residency requirements in the Eurasian…

Commercial truck rental rates will increase by up to 20% as of Saturday, the deputy head of Islamic Republic of Iran Road Maintenance and Transportation Organization said.

Volvo Construction Equipment has offered to provide Iran with €200 million worth of mining machinery, Iranian Mines and Mining Industries Development and Renovation Organization reported.…

Germany’s small-to-medium-sized firms, or Mittelstand, are scrambling to work out how to maintain business in Iran after a meeting between Germany’s foreign minister and his US counterpart…

Tehran Stock Exchange’s all-share index, TEDPIX, gained 505 points or 0.5% during the week that ended on March 23 to close at 95,445.1.

Iran Fara Bourse’s benchmark index, IFX, gained 9.…

The EU has announced its intention to protect European businesses that wish to continue dealing with Iran by updating its “Blocking Regulation” before August 6, 2018, when the first tranche of…