Economy

Around $519 million worth of foreign investments have been made in Alborz Province since the beginning of President Hassan Rouhani’s tenure in August 2013, an official with the provincial…

Iranian private steelmakers exported 2.56 million tons of crude steel during the nine months ending December 20, recording a 118% upsurge compared with last year’s corresponding period. The…

In the second quarter of the current Iranian year 1395 (June 21-September 21, 2016), Iran’s crude oil production continued its upward trend of the past two years and in 7/1395 (10/2016).

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The Statistical Center of Iran has released a report on home prices in Tehran during the summer, indicating that average prices registered a 6% growth compared with the same period of last year.…

For Islamic banking, the opening up of Iran is a huge development, as Iranian banks make up the world’s largest financial system based on Islamic law, with Islamic banking assets totaling $500…

The Central Bank of Iran has issued licenses for 200 credit cooperatives since the beginning of the current Iranian year (started March 20, 2016), CBI’s deputy for supervisory affairs announced on…

The research arm of the Iranian Parliament has published a report on fluctuations in the foreign exchange market during the past few months, advising the Central Bank of Iran to do what it takes…

Tehran Stock Exchange’s main index gained 12.50 points or 0.02% to end Wednesday trade at 78,622.

About 783 million shares valued at $29.7 million changed hands for the day.

Bafgh…

Annual premiums for 2017-delivery refined lead in Asia have softened compared with the year before as a result of an uptick in Iranian exports of the metal.

Premiums for 99.97% purity lead…

The government of US president-elect Donald Trump will have no significant impact on foreign investments into Iran’s mining sector, as any reinstatement of sanctions will, if at all, pose minimal…

Maersk Line has expanded its footprint in Iran by adding a second port of call less than three months after it resumed services to the country following the lifting of sanctions imposed…

Despite challenging market conditions, Iran’s billet and longs producer Khorasan Steel Complex managed to significantly increase sales volumes over the first nine months of the current Iranian…

Hybrid cars don't need a traffic permit to enter restricted zones in Tehran as they produce little or no harmful emissions, said the head of the Executive Center of Tehran's Traffic Police.

Europe’s biggest carmakers are drawing on the full force of the continent’s industrial prowess to build a network of ultra-fast charging stations as they look to stoke demand for electric cars and…

French carmaker PSA Group said global vehicle deliveries rose by 5.8% last year, propelled by strong sales of its Peugeot brand in Iran and the continuation of the European auto market’s recovery…

The first joint venture car between Industrial Development & Renovation Organization of Iran (IDRO) and French automaker Renault will be manufactured in 2017, said Mansour Moazzami, head of…

The total value of forex operations conducted by Bank Sepah stood at $3.714 billion during the 10 months to January 3, marking a 31% growth compared with the previous year’s $2.828 billion.…

The Coordination Council of Public-Sector Banks announced on Sunday it will waive late payment penalties for those who repay their loans by the end of the Iranian year on March 20.

The first deputy speaker of the Majlis called for better and more developed interactions between the parliament and the Central Bank of Iran, considering the importance of the bank’s operations…

The Central Bank of Iran has devised 54 projects and platforms as part of its 2021 Roadmap that outlines an innovative, flexible and strong future for the banking system, announced the bank’s…

The shock passing of Ayatollah Akbar Hashemi Rafsanjani on Monday prompted an outpouring of condolences from Iranian and foreign dignitaries who mused not just on the distinguished political…

Ayatollah Akbar Hashemi Rafsanjani’s economic beliefs were based on national development and prosperity, rather than liberalization and free-market economy, said the minister of roads and urban…

Close to 33,000 tons of agricultural products cultivated in greenhouses have been exported from the south of Kerman Province since the beginning of the current crop year (Sept. 22), said the head…

More than 500,000 tons of copper were transported via railroads of southern Hormozgan Province since the beginning of the current Iranian year (March 20, 2016), which shows a twofold increase…

Railroads of central Yazd Province account for 30% of Iran’s rail freight transport, the minister of roads and urban development said. Abbas Akhoundi added that the government is planning to…