Economy

Eleven million low-income Iranians will receive food aid package in the current Iranian week (that starts on Saturday), Minister of Cooperatives, Labor and Social Welfare Ali Rabiei said. “A…

Trade between Iran and Romania stood at over €479.7 million in 2017, registering a growth of about 11% compared with 2016.  This makes the country Iran’s eighth biggest trade partner from…

The export price index stood at 300.6 in the 10th Iranian month of Dey (Dec. 22-Jan. 20), registering a 5.3% increase compared to the preceding month and a 22.3% rise compared with last year’s…

Iranian airports registered 451,000 takeoffs and landings in 2017, which shows an 8% rise compared to 2016. Over 56 million passengers and 549,000 tons of cargo were transported last year,…

Major Iranian steelmakers had a good run during the first 11 months of the current fiscal year (March 21-Feb. 19), as they unanimously posted double and some even triple-digit growth in their…

In recent years, the financial industry has seen fast-growing adoption of financial technology, or fintech. Considerable investment flows are expected to be placed into the sector, which has…

Tehran Stock Exchange’s main index lost 572.99 points or 0.58% to end Saturday trade at 97,388.7.

About 2.41 billion shares valued at $125.54 million changed hands at TSE for the day.…

While carmakers and auto dealers expected a surge in demand during the closing days of the current Iranian year (ending March 20), the head of Tehran Auto Dealers Association said car sales have…

Iran Khodro’s Tuning Division is set to offer enhanced versions of the locally manufactured Peugeot 2008. Keivan Vaziri, the division’s director, said 110 optional tuning parts can be installed…

Iran’s largest automaker, Iran Khodro, is set to expand its presence in the Iraqi market by exporting vehicles equipped with automatic transmission.

According to IKCO Press, in the first…

German cities are able to ban the most polluting diesel cars after a landmark court ruling, allowing them to decide the extent to which any curbs should be implemented if at all.

Fluctuations in the currency market had caused a price hike in Iran's already beleaguered housing sector, but even though foreign exchange rates have currently cooled down, they are expected to…

The new directive, which bans the use of the US dollar in import order registrations by Iranian traders, serves the double purpose of sidelining the US dollar and curbing the volatility that…

Data from the Central Insurance of Iran indicate that the country’s insurance industry has been boosting its profits and reducing its loss ratio for the past 10 years when it comes to covering…

The Central Bank of Iran announced on Friday that all certified currency-trading offices not affiliated with any bank will also be connected to its newly-established Forex Deals Integrated…

Rice cultivation in the southern Khuzestan Province will be banned as of the upcoming crop year starting on March 21, the deputy head of Khuzestan Agricultural Jihad Organization said.

Iran exported $336 million worth of hand-woven carpets to about 80 countries during the 10 months to Jan. 20, registering an increase of 21% compared with last year’s corresponding period.

The 14th Exclusive Exhibition of Iranian Goods and Services opened in Turkmenistan’s capital Ashgabat on Thursday in the presence of Iran’s Minister of Industries, Mining and Trade Mohammad…

Iran exported close to €54 million worth of commodities to Bulgaria in 2017, indicating a 115% hike compared with the previous year. Imports of Iran from the European country, on the other hand…

Afghan police of counter-narcotic drug department succeeded in preventing the smuggling of 27 kg of the narcotic drug heroin to Iran in Herat Province.

The Swiss firm, Stadler Rail, has rejected reports that it signed off on a major infrastructure contract with Iran’s Industrial Development & Renovation Organization for 960 wagons for a…

President Hassan Rouhani inaugurated Iran’s first hot briquetted iron production plant in the southern province of Hormozgan late Wednesday. Hot briquetted iron is a relatively new product,…

Iranian steel mills produced 1.98 million tons of steel in the first month of 2018, up 25.9% compared to last year’s similar period, according to the latest report released by World Steel…

When there’s not much to look forward to in the equity market, investors get spooked by the slightest hint of negative news and shuttle their money to other markets.

Iranian President Hassan Rouhani and Indian Prime Minister Narendra Modi signed nine bilateral agreements, including an 18-month lease of part of the Iranian port of Chabahar, near the Pakistan…