Economy

The recent Household Expenditure Survey by the Central Bank of Iran shows food and beverages had a 23% share in the Iranian households’ expenditures in the last fiscal year (ended March 20, 2017…

The maritime fleet of the Islamic Republic of Iran Shipping Lines handles half of the cargo container throughput in the country, said the director general of Container Transportation Company—an…

There is no option but to go ahead with Health Reform Plan since its popularity rate among Iranian people hovers around 85% and the country’s top officials won’t allow its revocation, a deputy…

Iran’s largest copper producer realized 44% of its annual sales value target during the first half of the current fiscal year (March 21-Sept. 22), data released by National Iranian Copper…

Iran Khodro has announced that its latest crossover Haima S5 will arrive before the Iranian year ends in March 2018. The company’s marketing director Mostafa Khan Karami says, “The presold units…

Ford’s new boss has outlined plans which he says will make the US car giant fit to compete in a changing industry.

Jim Hackett said Ford would shift resources from traditional cars to…

Japan’s transport ministry said on Wednesday it had carried out spot inspections at two plants producing Nissan Motor Co Ltd vehicles as part of a probe into final checks, days after…

Following complaints from the business community that it is not getting its fair share from the recent inflow of foreign finance, Economy Minister Masoud Karbasian sought to put those concerns…

A proposal to exempt the Export Guarantee Fund of Iran from paying value-added taxes has been sent to the parliament as part of a bill and is being followed up, announced the director of the…

After recent measures to make banks adhere to lower deposit rates, the Central Bank of Iran is mulling a reduction in loan rates, the bank's second-in-command said on Tuesday.  

Iranian economist Farrokh Qobadi said foreign direct investment tends to have more advantages over finance deals.

Iran has attracted more and more foreign investment and signed billions…

Tehran Chamber of Commerce, Industries, Mines and Agriculture opened a new office in London on Monday morning in a ceremony attended by the chamber’s chief, Masoud Khansari, and Chairman of the…

The government has allocated $2 billion in loans from the National Development Fund of Iran to exporters, the minister of economic affairs and finance said on Tuesday. Masoud Karbasian added…

Salaries of government employees will increase by 10% with an average inflation rate of below, but close to, 9% forecast for the next fiscal year (March 2018-19), the government…

Tehran Stock Exchange’s main index shed 159.90 points or 0.19% to end Tuesday trade at 85,355.

About 554 million shares valued at $37.35 million changed hands for the day.

…

Turkish company LC Waikiki, otherwise known as LCW, has become the first major foreign apparel manufacturer to officially start cooperation with domestic garment players.

The Central Securities Depository of Iran issued 110 new trading codes for foreign investors during the first half of the current Iranian year (ending Sept. 22) to trade in Iran’s capital market…

Iran set yet another timeline on Monday for signing a deal to develop its coveted Azadegan Oilfield which has been in the media spotlight in the past two years as the first of a string of…

US government requests to Google for individuals’ data reached a six-year high in the first half of 2017, the company says.

A report published last week said the Trump administration had…

Iran’s Telecoms Minister Mohammad Javad Azari Jahromi and his South African counterpart Siyabonga Cwele held talks to promote ties and explored venues to expand partnership in the key ICT sector…

A UK-based business reMarkable on Monday started shipping what might best be described as an “untablet” — a device that is, essentially, an electronic piece of paper. The company is proud of its…

Iran exported $9.9 billion worth of non-oil goods to its 15 neighboring countries during the first half of the current Iranian year (March 21-Sept. 22), marking an 8% drop compared with the same…

Iran’s annual butter consumption currently stands at 45,000-50,000 tons, Reza Bakeri, secretary of Iran’s Dairy Industries Society, announced.

Iran exported close to 24,000 tons of ice-cream worth nearly 3.4 trillion rials ($104 million) during the five months to August 22, based on data released by the Islamic Republic of Iran Customs…

More than 560 tons of liquid nutrition supplements worth close to 75.44 billion rials ($2.33 million) were imported into Iran during the five months to Aug. 22, figures released by the Islamic…