Economy

Iran's potentially lucrative oil and gas deals with Russian companies will help defuse US President Donald Trump's "unilateralism" and his efforts to scrap Tehran's nuclear deal with world…

Iran’s state grains buyer Government Trading Corporation has issued an international tender to buy 30,000 tons of rice to be sourced from India, European traders said on Wednesday.

The…

Around 1.7 million tons of sugar are estimated to be produced in the current Iranian year (started March 21) to register a 6% increase compared with last year, the executive of the Sugarbeet and…

For the first time since the 1979 Islamic Revolution, the government has allocated up to 3.5 trillion rials ($87.5 million) out of revenues earned from value added tax for the development of…

Germany’s Commercial Center affiliated with Iran-Germany Chamber of Commerce opened in Tehran on Thursday.

According to chairman of the joint chamber, Omid Yaraqi, the center will…

Iran sees the potential to raise its crude oil production capacity by more than 50% in the long run, while plans are in place to ramp up output to 4.5 million barrels per day in four years.

The Iranian banking system has established an online gateway that enables members of its interbank foreign exchange market to trade foreign currencies with higher speed and stability.

Iran and Iraq agreed to establish a joint committee between their central banks as soon as possible, during a meeting between Iranian Minister of Industries, Mining and Trade Mohammad…

Private sector investors have put up more than 18 trillion rials ($440 million) for the establishment of new towns in Iran during the past four years, said a board member of the New Towns…

South Kaveh Steel Complex (SKS), located in Persian Gulf Mining & Metal Industrial Special Economic Zone, launched its Steel Making Plant Phase I for production of 1.2 million t/year steel…

Tehran Stock Exchange’s main index TEDPIX gained 909.5 points or 1.04% during the second week of the month that ended on Nov. 1 to close at 87,844.9.

The benchmark index is currently…

Due to the heavy amount of central planning in the economy and during a period when oil prices were unlikely to fall, the Iranian consulting sector saw little opportunity to gain a client base…

A delegation from Iran’s private sector headed by the deputy head of Tehran Chamber of Commerce, Industries, Mines and Agriculture. Ala Mir-Mohammad-Sadeqi, is scheduled to visit Slovakia and…

The World Bank’s latest report on ease of doing business shows Iran ranks 124th among the 190 economies, indicating a four-notch slide in Iran’s regulatory improvement from last year.

Iranian banks remain devoid of ties with major European counterparts who understandably err on the side of caution for fear of having to pay millions of dollars courtesy of potential US…

The removal of banking hurdles and expansion of financial ties have considerably impacted the volume of transactions between Iran and Russia.

This was stated by Iran’s Minister of…

The Central Bank of Iran has officially notified the directive for “minimum requirements of liquidity risk management of credit institutions” to the banking system that was approved by the top…

The Export Development Bank of Iran announced that in addition to the previously agreed credit lines, his bank is negotiating new ones with a Russian lender and two Chinese banks.

The citizens of the Islamic Republic are no different from their western counterparts in their taste for branded luxury goods.

As the second largest economy in the Middle East after…

Based on an agreement between Iran and the Eurasian Economic Union, exports of Iranian biscuit and chocolate to the EEU member states will be exempt from customs duties, a deputy minister of…

Iran’s trade with the European Union stood at €13.1 billion in the eight months ending August 2017, almost double compared with the same period of last year.

Renovation and expansion of land routes leading to Iraq have cost the Iranian government 5.5 trillion rials ($135.67 million) since the fiscal 2014-15, a deputy roads and urban development…

About 96% of workers in Iran have temporary contracts, the head of workers’ guilds association said. Stressing that lack of job security and low wages are the two main challenges facing workers…

Iran exported $67 million worth of commodities to Kenya during the six months to Sept. 22, up 168% compared with last year’s corresponding period, the Arab-African States Department of Iran…

Iran produced 27.2 billion cigarettes in the first seven months of the current fiscal year (started March 21), indicating an 18% rise year-on-year, the head of Tobacco Planning and Supervision…