Economy

Tehran Stock Exchange’s main index inched down 12.00 points or 0.01% to end Monday trade at 80,913.9.

As much as 507 million shares valued at $33.6 million changed hands for the day.

Domestic and foreign investments in Anzali Free Zone in northern Iran during the eight months to November 20, 2016, amounted to over 14 trillion rials (more than $360 million at market exchange…

Iranian cinema got off to a flying start this year, as several movies were lucky to attract mass audiences, grossing over 10 billion rials each ($2.56 million at market exchange rates).

Top Iranian government officials and steel industry players met at Financial Tribune’s headquarters in Tehran on Monday to devise the agenda and set the general outlook for the 7th Iranian Steel…

Iran's currency may be redenominated to reflect the over three-decade change in day-to-day financial lingo.

Flag carrier Iran Air is at the “very final stage” of formalizing a deal with Europe’s Airbus, having signed a $16.6 billion deal with Boeing earlier on Sunday, an unidentified Iran Air official…

More than $5.86 billion worth of non-oil goods were exported from Tehran Province during the eight months to November 20, registering a 5.5% increase compared with the corresponding period of…

President Hassan Rouhani said significant steps have been taken to ensure food security and self-sufficiency in the agriculture sector, which guarantee national security.

The president made…

Afghan and Iranian businessmen signed deals worth $2 million during the Second Afghanistan-Iran Economic Exhibition held in Mazar-e-Sharif, Afghanistan, last week. Over 10,000 people visited the…

Turkey’s motor vehicle output totaled 150,681 units through November rising 19% year-on-year (y/y), as well as 3.3% up month-on-month (m/m), according to the monthly statistics released by the…

South Korea’s outbound shipments of cars, one of the country’s top exports, are set to decline for two consecutive years this year, handing over the world’s third-largest auto exporter title to…

The contract between Iran and France’s Peugeot “is a joint venture which is owned 50% by Peugeot and 50% by Iran Khodro Company,” (dubbed IKAP) said Mohsen Salehinia,  the deputy minister…

The Ministry of Industries, Mine and Trade has warned illegal auto companies and again cautioned car buyers to stay away from their tempting presale schemes, especially for imported vehicles.

An official with Iran’s Ministry of Agriculture says close to 140,000 hectares of land have been dedicated to the production of organic food on a par with European standards.  “Consumers need…

An Iranian industrialist lamented that there is no trust in domestic shipbuilders.

Talking to reporters, Hamid Rezaeian-Asl, the managing director of Iran Shipbuilding and Offshore…

Iran’s trade with Turkey during the seven months to October 21 has jumped by more than 80% compared with last year’s corresponding period.

According to the Islamic Republic of Iran Customs…

A permanent exhibition of Iranian products, including foodstuff, apparel, shoes and handicrafts, opened in Moscow’s Food City, the main wholesale food center in Russia on Sunday. Some 50 Iranian…

Forty-two steel, iron ore, gold and copper mining projects will come on stream by the end of the first quarter of the next fiscal year (starting March 21, 2017), the head of Iranian Mines and…

Changing Iran's monetary unit from rial to toman and the subsequent replacement of all banknotes with the new currency present no cumbersome challenge, the Central Bank of Iran's governor said.

Central Insurance of Iran, the industry’s regulator, has proposed a 40% cut in premium rates for personal auto policies. Abdolnasser Hemmati, president of CII, announced that the regulator has…

The Iranian government will implement plans for the unification of foreign exchange rates when the market regains stability, the government’s spokesman announced late Saturday.

“Forex rates…

Bank Mellat, one of the leading privatized lenders in Iran, will launch a subsidiary and a branch in Malaysia and Georgia respectively in the next two months, announced the bank’s chief executive…

Close to half of all the assets of the Iranian banking system are non-performing and the governor of the Central Bank of Iran says his bank endeavors to recover these assets and return them to the…

Tehran Stock Exchange’s main index shed 324.60 points or 0.4% to end Sunday trade at 80,925.9.

More than 489 million shares valued at $38.9 million changed hands for the day.

Jam…

Despite rejections in the past, Iranian officials now confirm the domestic airlines’ intentions to buy Russian-made Sukhoi Superjet 100 passenger planes, about which the Iranian public is…