Economy

Martin Winterkorn, the former boss of Volkswagen who quit last month, will step down from his remaining posts at the company, the Sueddeutsche Zeitung newspaper and TV stations NDR and WDR…

A member of the Majlis Budget and Planning Commission has called on the Central Bank of Iran to revise “Banking and Monetary Laws” to stop banks from charging extra fees for e-banking services.…

The Ministry of Roads and Urban Development has taken measures to control and counter “unprofessional conduct” and neutralize conflict of interest among members and candidates of the Iran…

Having examined several alternatives several times to address the problems surrounding the insolvent Mizan Credit Institution, monetary authorities have finally decided to sell the firm to a…

The typical first time home-buyer in Iran now will have to make do with rent for an extended 12 years before being able to fulfill the dream of buying a house. This is while a maximum of five…

Economists and top government officials have unanimously declared the mining sector to be the only sector with enough potential to help the economy move away from overreliance on oil revenues.…

Islamic Republic of Iran Shipping Lines plans to modernize its fleet and is engaging international shipping majors to form alliances and reenter western markets, as Tehran is set to exit a long…

Tehran Stock Exchange’s overall index ticked down 109.8 points or 0.18% at Sunday’s close to settle at 61,287.1.

As TSE data illustrate, most indices ended in the red territory with TSE 30…

More than 142,000 tons of commodities were offered in Iran Mercantile Exchange on Sunday. National Iranian Copper Industries Company offered 1,000 tons of copper cathode, 1,000 tons of copper wire…

About $5 billion worth of agricultural products are exported every year, says deputy minister of agriculture, Abbas Keshavarz. The official noted that the main exports include pistachios, apples,…

About 13.6 million tons of goods worth $7.2 billion were exported via Bushehr Province during the first half of the current Iranian year (started March 21), indicating a 20% increase in terms of…

Suitcase trade between Iran and the Commonwealth of Independent States during the first six months of the current Iranian year (started March 21) stood at $44.4 million, indicating a 30% increase…

Iran ranks eighth in the world with an annual production of 78,000 tons of honey, announced the deputy agricultural minister for livestock affairs.

Speaking in a ceremony to unveil a new…

Although Iran’s well-developed equity market is considered one of the advantages of the country’s economy, textile companies generally seem reluctant to offer shares in Tehran Stock Exchange.

Although small enterprises account for 92% of Iran’s industrial production units and constitute 45% of industries’ employment, these businesses have not been faring well lately.

According…

Foreign investors will be granted visa upon arrival at Bandar Abbas Airport as of October 23, announced governor general of Hormozgan Province, Jasem Jadori, on Sunday.

In the first of its kind, Bojnourd's startup weekend concluded on Friday and the winning teams were announced the following day.

Beginning last Wednesday, 10 teams competed over three days…

A mobile-based crime is occurring among mobile users of the holy city of Qom.

Iranian and Indonesian ministers of science called for further expansion of mutual cooperation in science and high-tech domains this week.

In a meeting with Indonesia's Minister of Research…

A Japanese government-backed fund is considering a range of options to help turn around Sharp Corporation, including direct investment, a person familiar with the matter said.

Twitter’s reinstated CEO only took the reins five days ago, but he already appears bent on cleaning house.

Leather exports in the first seven months of the current Iranian year (started March 21) dropped by 50% in terms of value compared to the similar period of last year, says deputy head of Iran…

According to the Islamic Republic of Iran Customs Administration, more than 25,000 tons of pistachios worth $208 million were exported to 52 countries during the first half of the current Iranian…

More than 6 million tons of goods were transported through 32 land and marine borders during the first half of the current Iranian year (started March 21). Oil products accounted for 3.1 million…

Air ticket prices will be liberalized by the end of the current Iranian year (March 19, 2016) as part of the Fifth Five-Year Economic Development Plan (2011-16), said the head of Iran Civil…