Economy

Iran traded 194,214 tons of non-oil commodities worth $113.77 million with Turkmenistan during the first four months of the current fiscal year (March 21-July 22). This marks a 41.07% and 19.99…

Close to 999,000 tons of soybeans worth more than $492 million were imported into Iran during the first four months of the current Iranian year (March 21-July 22).

This registers a 41.78…

Europe should look to bypass US payment systems by creating its own financial channels on the lines of a European monetary fund and international bank transfer system like SWIFT, Germany's…

Albeit facing many barriers at a low level, banking ties between Iran and Italy have not been fully severed despite the fact that the first round of US sanctions has snapped back, the president…

After the temporary removal of the US dollar from Sanarate.com, the website that records the average exchange rate of foreign currencies from across the exchange bureaux, the greenback has found…

The Central Bank of Iran has sent another signal that it is about to raise interest rates. 

It has allowed banks and credit institutions to renew one-year deposit contracts that had…

Mouteh Gold Mine produced 175 kilograms of gold ingots during the first four months of the current fiscal year (March 21-July 22), registering a 29% growth compared with last year’s…

The last Iranian month (ended Aug. 22) was replete with good news for the stock market, as Tehran Stock Exchange's main index, TEDPIX, rose to the unprecedented height of 136,960.6, registering…

A memorandum of understanding has been signed between Maku Free Trade Zone and Arvand Airlines on Monday for the company to fly between the FTZ and the two Iranian major cities of Tehran and…

Tehran Stock Exchange’s main index lost 163 points or 0.12% on Tuesday to end trading at 136,910.6.

About 1.58 billion shares valued at $52.31 million changed hands at TSE for the day.…

As of Monday, shares of major Iranian Internet service provider HiWeb were traded on the Tehran Stock Exchange again after its ticker symbol was frozen last December.

According to TSE,…

Samsung’s latest flagship, the Galaxy Note 9, is now available for purchase in 56 markets around the world. Samsung unveiled the Note 9 in New York City on August 9, and compared to previous…

Australia has banned Huawei Technologies Co Ltd from supplying equipment for a 5G mobile network citing national security risks, a move the Chinese telecoms gear maker criticized as being “…

Iran exported 81,638 tons of wheat flour worth $20.49 million during the first four months of the current fiscal year (March 21-July 22), latest data released by the Islamic Republic of Iran…

More than 1.38 million tons of sesame oil and products worth $3.2 million were imported into Iran from six countries during the last Iranian year (March 2017-18), figures released by the Islamic…

Iran traded 198,655 tons of non-oil commodities worth $116.44 million with Azerbaijan during the first four months of the current fiscal year (March 21-July 22). This shows a 36.02% and 42.29%…

The construction of Saqqez Airport, located 266 kilometers from Sanandaj in Kurdestan Province, has made 40% progress and is expected to become complete in two years, the manager of Sanandaj…

The retrospective application of Clause Five of the government’s new foreign currency on imports is against the law, the chairman of the parliamentary faction focused on fighting corruption and…

All warehouses in Iran are required to register in the so-called “All-Inclusive Warehouses Website” by Aug. 23, otherwise their stored commodities will be considered hoarding and those…

As part of the latest measure to ditch the US dollar from the country's transactions, the Central Bank of Iran has removed the American currency from the list of Sanarate.ir, the website…

Banks and credit institutions allocated a total of 1.67 quadrillion rials (€17.92 billion) to various sectors of the economy during the first four months of the current fiscal year that ended on…

The Iranian government will commence the process of building two new towns in the southern Chabahar County in Sistan-Baluchestan Province from next week, the newly-appointed CEO of the New Towns…

Banking for companies that do business with Iran–as well as for Iranians themselves–is likely to get even more complicated in the near future. 

The latest Consensus Earnings Report shows the price to earnings (P/E) ratio of Iranian stocks has dropped to its lowest level in nine months, although growth in profitability has boosted…

Novin Sanat Raja Company, a subsidiary of Raja Railway Transport Company, officially started its activity on Sunday. The newly-founded company specializes in the repair, renovation and…