Economy

The total value of Iranian banks’ foreign assets by August 22 stood at 2.54 quadrillion rials ($65.12 billion), marking an increase of 10.4% compared with the corresponding period of last year…

More than 1.15 million tons of peach and nectarine were produced in Iran in the current crop year, indicating a 6.8% rise year-on-year.

About 1,840 tons of apparel worth close to $22.75 million were exported from Iran during the first half of the current Iranian year (March 21-Sept. 22), indicating a 20% and 24% growth in weight…

Deputy Minister of Industries, Mining and Trade Reza Rahmani said Iran is targeting the export of $600 million, $1.6 billion and $3 billion worth of home appliances in the current Iranian year (…

Fishing season in the northern Iranian provinces of Gilan, Mazandaran and Golestan has begun, as some 10,000 fishermen started catching bony fish in the Caspian Sea, according to an official…

Iran has shut its border crossings with the Iraqi Kurdistan Region. “At the request of the Iraqi government, the Islamic Republic of Iran closed today the border crossings with the Kurdistan…

Tehran Stock Exchange’s main index gained 195.80 points or 0.23% to end Monday trade at 85,590.7.

About 600 million shares valued at $54.1 million changed hands for the day.

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The announcement of Iran’s preliminary nuclear deal in July 2015 and the subsequent easing of sanctions augured a brighter economic outlook for the country.

The countries of the Organization of Islamic Cooperation imported more than 27.4 million tons of goods worth $10.1 billion to become the main export destinations for Iran’s non-oil products…

The Securities and Exchange Organization is scheduled to hold an international event dubbed “Iran Capital Market: Higher Diversity, Higher Return” on Kish Island on October 31, Yasser Fallah, an…

SAIPA says its latest hatchback Quick will be introduced into the market in the coming weeks. The company’s deputy sales manager Reza Taqizadeh said, “The model will be introduced to the market…

Mazda’s rotary engine is coming sooner than expected, but not powering a sports car. Speaking to Automotive News, Mitsuo Hitomi, Mazda’s global powertrain boss, said that the rotary engine will…

The government has called on local car manufacturers to increase investment in their research and development.

Ministry of Industries has issued a mandate that requires local carmakers…

Daimler said it has taken the first steps towards a new structure that could see its Mercedes Benz cars and vans and its Daimler Trucks divisions split off into separate entities.

Alphabet’s self driving car division Waymo has been testing its fleet of robot cars in four states across the US — Washington, California, Arizona, and Texas — and it has started to work with…

Iran exported $5.57 billion worth of petrochemical and polymer products in the first six months of the current fiscal year (March 21-Sept. 22), up $1.2 billion compared to the same period of…

With the allocation of $489,000, the Food and Agriculture Organization of the United Nations’ Technical Cooperation Division, under the auspices of the Ministry of Agriculture, has developed and…

Olive oil imports are estimated to reach 8,000 tons by the end of the current Iranian year (March 20, 2018), which will register an over 40% rise compared with those of last year, the head of…

Construction work on a segment of railroad project extended from Iran to Afghanistan in western Herat province will be completed within the next 10 days and then put into service, the Iranian…

A two-day business conference between Iranian and Iraqi officials and businessmen opened at Iran’s International Conference Center in Tehran on Sunday.

It is organized by the…

A delegation from the Associated Chambers of Commerce and Industry of India is scheduled to visit Iran on October 28 and take part in a joint forum to be held at Iran Chamber of Commerce,…

Economic relations between Iran and the UAE, long bound by common interests in trade, has been strained over what some business figures, including the head of Iran Export Confederation Mohammad…

Pressure from US President Donald Trump to withhold International Monetary Fund and World Bank resources from Iran will not sway the international organization to shift policy regarding…

The government’s  payment arrears to the country’s banking system in the month ending Aug. 22–which includes  dues to central bank, state-run commercial and specialized banks as well…

Minister of Economic Affairs and Finance Masoud Karbasian has separately met his counterparts from France, Denmark, India and Afghanistan as part of his trip to Washington, DC to attend the…