Economy

Data released by the Islamic Republic of Iran Custom Administration shows auto exports were meager during the first eight months of the current fiscal year (started March 2016).

Shanghai-based SAIC Motor Corporation, which produces Roewe and MG vehicles, plans to introduce three hybrid vehicles to the Iranian market at the  Tehran Auto Show in February, which will be…

China will extend a tax cut on small-engine vehicles to 2017, rather than allowing it to expire at year’s end as planned, two sources with knowledge of the matter told Reuters on December 14. It…

Russian agency for export credit and investment insurance, EXIAR, signed an agreement each with Bank Pasargad Iran and Parsian Bank on the sidelines of the 13th meeting of Iran-Russia Economic…

The Central Bank of Iran has unveiled a roadmap revolving around three goals to achieve long-term targets envisioned by Resistance Economy, announced the bank's governor.

Transactions between Iranian and Swiss banks have totaled $8 billion since the lifting of the sanctions nearly a year ago, said Mohammad Nahavandian, President Hassan Rouhani's chief of staff.

Bank Melli Iran has issued 3,100 forex payment orders valued at $1 billion during the eight-month period ending November 20 for trading with other countries, said the bank’s chief executive. “BMI…

President Hassan Rouhani’s government does not want foreign exchange rates to surge against the rial, as it would not be in its favor, the administration’s spokesman said.

“The official…

About $8.8 million worth of mushrooms were exported in the last Iranian year (March 2015-16), indicating a 57% increase compared with a year before.

The Persian daily Forsat-e-Emrouz cited…

The cosmetics and personal hygiene products manufacturing sector accounts for 14% of the employment in Iran’s industries, according to Mehdi Sadeqi Niyaraki, an official with the Ministry of…

Turkish Minister of Transport, Maritime and Communications Ahmet Arsalan met with Iran’s Minister of Roads and Urban Development Abbas Akohundi in Tehran on Tuesday to discuss ways of broadening…

The Islamic Republic of Iran Customs Administration earned 140 trillion rials (close to $3.6 billion at market exchange rates) in revenues in the last Iranian year (March 2015-16), registering a…

Iran’s export of crude steel and steel products will reach 6 million tons by the end of the current Iranian year (March 20, 2017) to  resister a 50% rise compared to last year, the managing…

Iran and Russia signed nine memoranda of understanding in the fields of economy, transportation, trade promotion, banking and gas during the 13th session of Iran-Russia Economic Commission held in…

MTN Group Ltd., the South African wireless carrier that has been trying to repatriate $1 billion from Iran, has managed to extract several hundred million dollars from the country with the help of…

Over 33,000 trading codes were issued by the Central Securities Depository of Iran during the Iranian month ending November 20, bringing the total number of trading codes in the Iranian securities…

Projects underway in Iran in the construction, automotive and railroad infrastructure sectors should provide a substantial boost to demand for steel in the country.

Tehran Stock Exchange’s main index shed 174.30 points or 0.22% to end Tuesday trade at 80,741.2.

Over 431 million shares valued at $35.9 million changed hands for the day.

Iran…

HMD Global, the Finnish company that owns the rights to use the Nokia brand on mobile phones, announced its first new products on December 13 - two basic handsets without internet access priced at…

According to a Persian language report by Khabar Online, a study carried out in Shiraz University of Medical Sciences proves that severe electro-magnetic waves increase the risk of infertility,…

Persian Gulf city state Abu Dhabi has signed the United Arab Emirates’ second hyperloop feasibility study to build a futuristic high-speed rail transport system connecting the cities of Abu Dhabi…

Voice services such as Microsoft’s Skype and Facebook’s WhatsApp services face stricter rules on how they handle customer data under new security laws due to be proposed by the European Union.

The total value of term deposits in the Iranian banking system grew by 12.8% to reach 9.23 quadrillion rials ($236.5 billion at the official exchange rate) during the seven-month period ending Oct…

Officials from the Council of Tall Buildings and Urban Habitat (CTBUH), along with architects, experts and policymakers, are set to discuss high-rise buildings and their efficiency as a solution…

The news last week that Iran is switching its national currency to toman was more than just a big announcement; it also polarized opinion and exposed the apparent disharmony among policymaking…