Economy

Iran Khodro started presales of its newly unveiled small crossover Haima S5 without announcing the final price. The down payment for the car is 370 million rials ($9,600), local news website…

The retail and sugar sectors were the top performers of the equity market in the first half of the current fiscal year (March 21-Sept. 22) with average returns of 73% and 67% in H1.

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Like the rest of the world, Iranian fintech companies are growing fast, but a member of the Iranian Fintech Association said regulations have failed to keep up with them. “A notable difference…

Some 4,200 state-owned companies’ bank accounts have been transferred to the Central Bank of Iran since March 6, 2017, when President Hassan Rouhani issued the landmark directive aimed at…

Bpifrance, the country’s state investment bank, will finance projects of French companies in Iran from 2018, granting up to €500 million ($598 million) in annual credits, its CEO said in a…

The member states of BRICS, the association of five major emerging economies, have each upgraded Iran's risk rating to pre-sanctions levels, the deputy head of Export Guarantee Fund of Iran said…

Iran is one of the leading cosmetic markets in the Middle East and Africa region and is expected to be the fastest growing region during the next eight years as the number of potential customers…

Close to 136,500 tons of tomatoes worth more than 1.14 trillion rials ($35 million) were exported from Iran during the five months to August 22, the Islamic Republic of Iran Customs…

Iran will be connected to the financial services system of the Universal Postal Union, which is similar to global transaction network SWIFT, the chief executive of Iran Post Company said.

More than 240 tons of home theater systems worth over 53.6 billion rials ($1.65 million) were imported into Iran from three countries during the five months to August 22, figures released by the…

The first conference between Iranian and Canadian businessmen held in Montreal, Canada, on Saturday was organized by Canada and Iran Businessmen Association with the aim of introducing trade and…

It’s a fairly straightforward scenario. Weakening a domestic currency stimulates the country’s exports and makes imports more expensive—a desirable route to shape an export-…

Iran’s equity market witnessed the sixth initial public offering of the current fiscal year (March 2017-18) on Saturday, as 10% of Rishmac Company’s shares were offered to the public.

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Iran’s semi-finished steel exports during the first five months of the current fiscal year (March 21-Aug. 22) stood at 2.7 million tons, up 89% year-on-year, according to the Iranian Steel…

Tehran Stock Exchange’s main index shed 209.60 points or 0.24% to end Sunday trade at 85,588.8.

About 994 million shares valued at $78.972 million changed hands for the day, TSE’s…

A legislator has castigated the government and local operators for not paying enough attention to the underdeveloped telecom infrastructure in rural areas.

In a talk with CITNA, Ali…

Uber CEO Dara Khosrowshahi sent a sobering, self-reflective email to employees on September 22 following the London transport authority’s decision not to renew the company’s license.

An Iranian startup has launched a platform integrating social media and e-commerce services. Biziket.com (Business Market) is a sales and auction website which also offers social networking…

Apple’s new handsets iPhone 8 and 8 Plus arrived in Tehran on Saturday, less than 24 hours after official sales of the two devices were globally launched.

With the aim of bringing to a close the protracted and controversial Mehr Housing Project by the end of the current Iranian year (March 20, 2018), a considerable number of unwanted residential…

In its latest directive to the banking system, the Central Bank of Iran has amended regulations related to conditions based on which letters of credit and negotiable instruments are issued in…

Governor of the Central Bank of Iran Valiollah Seif said given the myriad of investment opportunities in various economic sectors, Iran has the potential to attract more than $3.5 trillion worth…

The chief executive of Oberbank–whose bank this week became the first major European bank to clinch a finance agreement with Iranian lenders–said the landmark deal can act as catalyst for…

Tehran Stock Exchange’s main index shed 33.40 points or 0.04% to end Saturday trade at 85,798.4.

About 1.736 million shares valued at $103.6 million changed hands for the day.

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The export of Iranian saffron bulb has been a hot topic of discussion in the local media for a long time, causing concern for many about the future of this valuable product.