Economy

Amazon.com Inc more than doubled its profit on Thursday and predicted strong spring results as the world’s biggest online retailer raised the price for US Prime subscribers, added US football…

Since Thursday Iranian Telegram users have been experiencing slower communications via the app which according to authorities is due to shutdown of the messaging service’s Content Delivery…

Iran’s ICT minister inaugurated several tech projects with the total cost of 1.67 trillion rials ($39.7 million) in the northwestern province of Ardabil over the weekend.  According to the…

Iran’s non-oil foreign trade in the first month of the current fiscal year (March 21-April 20) stood at $5.66 billion, indicating a 12% rise compared with last year’s corresponding period.

Payments to the Civil Servants Pension Organization accounted for the biggest part of the government’s expenditure in the first month of the current Iranian year (March 21-April 20). 

Iran's highest financial decision-making body has approved further cuts in interest rates to make the most attractive home loans cheaper and more affordable.

The entity also eased…

Iranian banks have shrunk by 0.3% in the previous quarter ending March 20 compared with the previous year, fulfilling a long-held target for an industry marked by overcapacity and rapid…

Iran’s First Vice President Es’haq Jahangiri on Wednesday sought to reassure importers that their currency requirements will be fully met by the government and spoke of the banking system’s new…

Secretary of the Association of Banks and Private Institution said banks have agreed on a number of schemes to support domestic production. Mohammad Reza Jamshidi also explained that these…

The average goods and services Consumer Price Index for urban areas in the 12 months ending April 20, which marks the end of the first Iranian month of Farvardin, increased by 9.2% compared with…

Iran Airports Company registered 33,651 takeoffs and landings during the Iranian month ending March 20, 2018, which shows a 5% decline compared with last year’s corresponding period.

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Some 100 trillion rials (over $2.38 billion) worth of confiscated contraband are being kept in warehouses, the fate of which has not been decided, the head of Majlis Industries and Mining…

The northern port and free trade zone of Amirabad, located in Mazandaran Province, will host a forum on marine exports to Caspian Sea littoral states on July 11, the port’s director said on…

In pursuit of the new Iranian year’s national goal, “Support for Iranian Products”, as well as improving the competitiveness of Iranian ports and non-oil exports, the Ports and Maritime…

A glittering ceremony attended by President Hassan Rouhani was held on Wednesday in Tabriz, East Azarbaijan Province, to celebrate the city's designation as the Capital of Islamic Tourism in…

Natural disasters such as frost and drought inflict losses of between 120 and 150 trillion rials ($2.8-3.5 billion) to farmers and orchard owners in Iran every year, a board member at…

Iran is on track to launch a new aluminum smelter early next year that would boost the country’s output by 70%, making it self-sufficient in the metal by taking advantage of its rich natural gas…

Iranian steel mills produced 6.8 million tons of crude steel in the first quarter of 2018, up 47% compared with last year’s similar period, according to the latest report released by World Steel…

The export price index stood at 323.1 in the 11th Iranian month of Bahman (Jan. 21-Feb. 19), registering a 7.5% increase compared to the preceding month and a 33.5% rise compared with last year’…

Tehran Stock Exchange’s main index gained 219.84 points or 0.23% on Wednesday compared to the day before to end trade at 94,796.1.

About 888 million shares valued at $45.96 million…

Private Iranian automaker Bahman Group has forayed into manufacturing the Chinese compact SUV, Haval H2.

Haval is an automotive marque owned by the Chinese automaker Great Wall Motors…

The Beijing International Automotive Exhibition is a barometer of the state of the world’s biggest passenger-vehicle market. New cars are launched and startups vie for attention against their…

Volkswagen AG’s luxury unit Audi said on Tuesday that it was recalling 1.16 million vehicles worldwide because of concerns that an electric coolant pump could overheat or short-circuit from…

Russian Prime Minister Dmitry Medvedev signed an interim agreement with a validity of four years for the formation of a free trade zone to deal with a limited range of goods between the Eurasian…

Some 5,400 tons of hand-woven Persian carpets worth $424 million were exported from Iran in the last fiscal year (ended March 20, 2018), registering an increase of 18.11% in value compared to…