Economy

The Central Bank of Iran has taken measures needed to unify foreign exchange rates the bank intends to implement before the current fiscal year ends in March, said the CBI governor on Wednesday.…

Central Insurance of Iran and Oman’s Ministry of Industry and Trade signed a deal on Tuesday to expand collaboration in the fields of insurance, reinsurance, training and exchange of knowhow.

Austria’s export credit agency, OeKB, has raised the cap for covering transactions with Iran from €280 million to €1 billion, said Austrian Federal Minister for Finance Hans Jorg Schelling on…

As per the new rating system for Iranian banks, each bank will be given a rank that will not be made public, announced the Central Bank of Iran’s deputy for supervisory affairs.

“All banks…

Orange production is estimated to reach 2.5 million tons by the end of the current Iranian year (March 20, 2017), according to the Ministry of Agriculture. Of this figure, 200,000 tons are…

Minister of Agriculture Mahmoud Hojjati floated the idea of bartering Iranian shrimp for Norway’s salmon in a meeting with the Scandinavian country’s Minister of Fisheries Per Sandberg on Tuesday…

The Producer Price Index in the 12-month period ending September 21, which marks the end of the Iranian month of Shahrivar, increased by 3.2% compared with last year’s corresponding period,…

Close to 359,000 households participated in the online registration of the eighth round of the National Population and Housing Census since it began on Saturday up until 11 a.m. on Wednesday,…

German tea trading company Teekanne GmbH & Co. KG has entered into a joint venture with Iranian firm Daya Group to launch the Dusseldorf-based company’s tea packaging line in Iran. A…

The US license allowing Airbus and Boeing to sell planes to Iran will definitely send positive signals to investors and firms willing to enter the Iranian market, a prominent Iranian economist…

The production line for Iranian-made medicine Fingolimod, prescribed to help treat flare-up of multiple sclerosis, was launched in Moscow on Wednesday in the presence of Iran’s Minister of Health…

Kish Free Zone Organization is hosting the First International Exhibition for Food, Beverage and Related Industries, otherwise known as Foodex 2016.

The expo opened on Wednesday and will…

The government is seemingly failing to keep its finances in order and is spending far more than it can make.

Central Bank of Iran data show a widening deficit, surge in state debt and money…

Iranian steelmakers still see no demand for longs, so they have had to step back again.

Besides, Iranian suppliers do not expect the domestic market to improve in the next few weeks due to…

The Third Alborz Auto Show opened on September 27. Over 30 automotive firms are taking part in the exhibition that is being held over an area of 4,000 square meters in Karaj, west of the capital…

SAIPA, Iran’s second largest automaker has announced that the company has sold 4,000 Sandero Stepways in less than an hour.

“Iran’s auto market is eager to embrace the introduction of new…

Iran is one of the three major target markets of Scania, the Swedish truck giant.

As part of an agreement between Iran Khodro and the Omani Industrial Fund, Iran will jointly produce the Dena and export it to Africa and Yemen within a year, according to Omani officials who…

The Iranian private sector’s deposits in banks and non-bank financial institutions reached 10.46 quadrillion rials ($333.8 billion at market exchange rate) by July 21, marking a 30.9% growth at an…

A leading Iranian economy official said Turkey and Iran have been in talks to increase the number of items in their preferential trade deal and the two sides will sign a free trade deal…

Economy Minister Ali Tayyebnia said to avoid the blacklist of the Financial Action Task Force, Iran must fulfill the organization's requirements or else the country will not be able to regain its…

Some 70 trillion rials (more than $1.96 billion at market exchange rates) worth of contraband have been confiscated in the first half of the current Iranian year (started March 20), according to…

The easing of economic sanctions against Iran represents long-term trade and investment opportunities, Australia's trade, tourism and investment minister said.

Nomads in Iran produce 5.7 million tons of goods every year, mostly livestock products and handicrafts, the head of Nomadic Affairs Organization said. “Nomads produce 190,000 tons of red meat per…

Iran exported 333,800 tons of non-oil goods worth $216.2 million to Italy in the first five months of the current Iranian year (started March 20), registering a 4% decline in value compared with…