Economy

About 153,000 tons of dairy products worth $264 million were exported from Iran during the first four months of the current fiscal year (March 21-July 22), registering a 3% and 28% growth in…

In line with the general policy of conducting foreign exchange transactions through the banking system rather than exchange shops and stabilizing the market, the Central Bank of Iran is allowing…

The Central Bank of Iran issued a new directive less than a week ago requiring banks to rigidly observe interest rates lowered a year ago by the Money and Credit Council in the latest move to…

Iran’s maritime businesses are to receive loans worth 2 trillion rials ($52.5 million) during the current fiscal year (ending March 20, 2018), the head of the Fund for Development of Marine…

Since the implementation of the nuclear accord with world powers in Jan. 2016, Iranian  banking system has engaged in foreign exchange transactions worth over $38 billion, the Central Bank…

Minister of Agriculture Mahmoud Hojjati said the government will cover 85% of the expenses involved in modernization of irrigation systems in farms and orchards across the country in the form of…

The First International Exhibition of Glass and Related Industries, otherwise known as Iran GlassTec, opened in Tehran’s International Fairground on Wednesday and concluded on Saturday. The…

The Iranian government is offering huge discounts on customs duties at Chabahar Port to attract more Afghan traders.

Afghan news agency Wadsam also cited the economic attaché at the…

Import prices for hot-rolled coil have continued to rise in Iran, as suppliers—which are now mainly Russian mills—have issued higher offers.

The growth has been driven by the …

Tehran Stock Exchange’s main index gained 355.30 points or 0.43% to end Saturday trade at 82,897.1.

About 731 million shares valued at $83.5 million changed hands for the day.

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Close to 550 tons of buttons worth around 46 billion rials ($1.45 million) were imported into Iran during the first four months of the current fiscal year (March 21-July 22), the Islamic…

With an annual production of close to 3.2 million tons of grapes, Iran ranks the world’s eighth biggest producer of the fruit, Deputy Minister of Agriculture Mohammad Ali Tahmasebi said.

Local production accounted for around 84% or 1.51 million tons of the total 1.82 million tons of fertilizers purchased by Agricultural Support Services Company in the last Iranian year (March…

Five years ago Iran was in deep international isolation, as the US and European sanctions had largely blocked foreign investment, plunged the country into recession and increasingly increased…

Around $32 million worth of products were exported to Kenya during the first four months of the current fiscal year (March 21-July 22), registering a 58% increase compared with the similar…

The newly-appointed minister of industries, mining and trade has called for eliminating a rule that obliges domestic automakers to scrap old cars in exchange for new car production.

SAIPA is reportedly planning to replace its low-quality Pride with the Chinese mini-car Changan Benni.

The small hatchback, which is of a fairly good quality is considered as an…

Volkswagen Group’s Czech brand, Skoda, will produce a low-cost car for emerging markets like Iran by 2020.

The news about the push into the Iranian market comes despite the collapse of…

Bangalore-based Advanced Structures India (ASI) engineering company, which develops auto parts products, is interested in entering the Iranian market.  The small company with 45 engineers…

Bank Refah, affiliated with the Social Security Organization, is set to dole out loans up to 8 billion rials ($209,810) to each physician. According to a statement published on the bank’s…

The framework agreement for the previously agreed upon South Korean finance for Iranian projects has been signed between the heads of the Export Development Bank of Iran and the Korea Export–…

Central Bank of Iran's vice governor said the country's forex situation is currently very strong and believes that fluctuations in foreign exchange rates in Iran's market are normal.

Tehran Stock Exchange’s main index TEDPIX gained 799.9 points or 0.97% during the week that ended August 23 to close at 82,541.8.

Trading at Iran’s stock markets starts on Saturday and…

Iran Aseman Airlines says business sources have informed it that undecided roles inside the US Treasury Department have delayed the issuance of licenses for the sales of jets the airline has…

Iran has had a long and successful history of manufacturing textiles. The Persian Gulf state was one of the world’s premier exporters of textiles and silks to Europe, Asia and the rest of the…