Economy

Iran’s cigarette production is expected to meet 93% of domestic demand by the end of the current Iranian year (March 20, 2018), up from the current 83%, the head of Tobacco Planning and…

The recent earthquake that hit western Iran inflicted losses estimated to be 8 trillion rials ($200 million) on the agriculture sector of Kermanshah Province, the head of Kermanshah Agricultural…

A senior Iranian official announced that there are no significant banking issues with China and the UAE, as hurdles with Turkish Halkbank are being removed.

The Central Bank of Iran’s Exports Department has sought to provide more details on the online gateway recently established for allowing members of the banking system to better trade in foreign…

Gold coin prices recorded multiple rallies in the past month to reach their highest value in Tehran’s market on Monday. After significant leaps in recent days, Emami gold coin fetched 14.41…

President Hassan Rouhani has presented two bills for making amendments to the current Law of Combating the Financing of Terrorism and the Law of Anti-Money Laundering.

The revenues of the Islamic Republic of Iran Customs Administration during the first half of the current Iranian year (March 21-Sept. 22) rose 37% to reach 160 trillion rials ($4 billion).…

Close to 7,350 tons of different kinds of soap worth more than 234.5 billion rials ($7.2 million) were exported from Iran to 20 countries during the first half of the current Iranian year (March…

Iran will host the 13th Regional Summit of the International Cooperative Alliance in November 2018.

The ICA summit will be attended by representatives of Asian countries, Australia and…

Modern irrigation systems have been installed over nearly 85,900 hectares of farmland in Iran during the seven months to Oct. 22, registering a 170% hike compared with the corresponding period…

Trade Promotion Organization of Iran, affiliated with the Ministry of Industries, Mining and Trade, recently carried out a study evaluating the performance of the top 113 private Iranian export…

South Korea was Iran's fourth biggest export destination (after China, Iraq, the UAE) and also the fourth biggest exporter to Iran (after China, the UAE and Turkey) during the seven months to…

Some 100 companies from China, Germany, Denmark, Finland, France, Russia, Japan, Serbia, South Korea, Spain, Switzerland, Sweden, the UAE, Hong Kong and the UK have expressed their readiness to…

Volvo is creating a new electric vehicle brand that aims to make a car that will compete directly against the Tesla Model 3.

The first car from the new brand, called Polestar, will be a…

Local automaker Kerman Motor is trying to shift focus from its Chinese-derived cars to South Korean vehicles – a move welcomed by car buyers and market observers.

According to local…

The Mexican government views the US proposal for tightening content rules for car manufacturing under NAFTA as not viable and likely to cause serious damage to the North American auto industry,…

Volkswagen will invest €22.8 billion in its main car brand over the next five years, it said on Saturday, a day after it announced a spending program aimed at bolstering its position as a maker…

At a joint event attended by the 36-strong delegation from Tehran Chamber of Commerce, Industries, Mines and Agriculture and its Viennese counterpart, an Austrian official heralded the imminent…

Iranian insurance companies have started evaluating the losses caused by the recent massive earthquake that shook the western Kermanshah Province near the Iraqi border and processing payment of…

In a letter, the Central Bank of Iran’s Governor Valiollah Seif has called on all governors across the country to undertake strict and effective supervision over how bank loans are allocated to…

Bank Sepah, the oldest Iranian bank, has denied reports in the local media that its Frankfurt branch has been subject to a new round of sanctions, saying foreign exchange operations of the…

Tehran Stock Exchange’s main index gained 196.43 points or 0.22% to end Saturday trade at 88,202.30.

About 534 million shares valued at $29.35 million changed hands in the day.

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The government has proposed a trilateral swap deal among the state, private contractors and banks to help ease its debt burden.

Outlined in a letter by the Economy Minister Masoud…

The value of Iran's exports to China during the nine months to Sept. 30, 2017, witnessed a 27.5% rise compared with last year's corresponding period to stand at $13.88 billion.

A total…

Angouran Lead and Zinc Mine set a new monthly record by extracting 105,000 tons of minerals during the seventh month of the current fiscal year (Sept. 23-Oct. 22), managing director of the mine…