Economy

About $3 billion were deposited into the Development Fund of Iran from oil and gas resources in the first quarter of the current fiscal year (started March 21), chairman of the fund’s board of…

The export price index snapped its two-month contraction and started to grow in the fifth month of the current fiscal year (July 23-Aug. 22), according to latest statistics released by the…

The Ministry of Industries, Mining and Trade has introduced new regulations aimed at fighting rampant smuggling in the domestic apparel market.

The goods and services Consumer Price Index in the 12-month period ending September 22, which marks the end of the Iranian month of Shahrivar, increased by 8% compared with last year’s…

Under the first presidential term of Hassan Rouhani (August 2013-17), 3.05 trillion rials ($78.2 million) worth of shares of companies affiliated to the Ministry of Agricultural Jihad were…

Germany’s Volkswagen is moving to secure long-term supplies of cobalt, a vital component of rechargeable batteries, as the group accelerates its ambitious shift to electric cars.

Cobalt…

Malaysian industrial group DRB-Hicom Berhad, the owner of Proton Holding, has dissolved its subsidiary in Iran.

Proton Motor Pars Co. (PMP) was established in Iran in 2011. Proton’s…

The 2019 Volvo XC40 combines an eye-catching exterior, a fresh and innovative cabin, and all the safety equipment one would expect from a Volvo. According to Consumer Reports, with the unveiling…

Gold coin prices are modestly down and hit a three-week low in late Tehran trading on Thursday. Bahar Azadi, the benchmark gold coin, changed hands for 11,970,000 rials ($307) in Tehran’s gold…

Roads and Urban Development Minister Abbas Akhoundi has announced that 260,000 people have so far applied for home loans by opening Housing Saving Accounts, which indicates that the scheme has…

Import prices for flat steel materials cooled down in Iran in the week that ended September 20, as some lower offers were heard in the market.

“Offers of [domestically produced] hot-…

The findings of the most recent National Population and Housing Census show the number of university and higher education institutes’ graduates increased by 51.5% from the fiscal 2011-12 to 2016…

Iran is expected “very soon” to approach India’s Exim Bank seeking disbursement of the first tranche of $150 million loan to fast-track the development of Chabahar Port.

Tehran Stock Exchange’s primary index TEDPIX gained 8,346.3 points or 10.77% during the first half of the current fiscal year (March 21-Sept. 22) to end at 85,831.8.

The over-the-counter…

More than 23,650 tons of raisins worth over 1.2 trillion rials (about $37 million) were exported from Iran to 54 countries during the five months to August 22, the Islamic Republic of Iran…

China, Iraq, the UAE, South Korea and India imported 68.7% of Iran’s total non-oil goods (including gas condensate) in terms of value, in the five months since the beginning of the current…

A total of 43.76 million tons of oil and non-oil goods were loaded and unloaded in the ports of the southern Hormozgan Province during the first five months of the current Iranian year (March 21…

The Islamic Republic of Iran Railways said Azerbaijan will provide Iran with €500 million worth of loan for completing the Rasht-Astara rail segment as part of the International North-South…

In what were the first finance deals clinched with cautious European banks after the implementation of the nuclear accord provided sanctions relief in January 2016, Iran signed two agreements…

A supermarket in London is trialing a biometric payment system that uses the unique vein pattern in fingertips to pay for goods. The business Costcutter said it would consider rolling ‘Fingopay…

Three years and extensive publicity later the costly ‘National e-mail’ project has failed to deliver. How and when it will draw the attention of Iranians remains to be seen.

According to…

Denmark's Danske Bank signed a €500 million finance contract  with 10 Iranian banks on Thursday, becoming the second European lender to ink such an agreement with Iran.

According to Iran’s budget bill for the 2017-18 fiscal year, the government is allowed to attract up to $55 billion in foreign finance, of which projects using $30 billion have already been…

In addition to the latest directive issued by the High Council of Insurance, which allowed general insurance companies to subsequently become specialized life insurance firms, the head of the…

Representatives of three Iranian banks met with their Croatian counterparts on Wednesday to discuss banking hurdles on the way of trade ties and ways of overcoming them.