Economy

Today I spent a couple of hours with an old friend of my father, who is a fourth-generation businessman. I have always respected his insight and advice. He has served in war and now lives a quiet…

Stocks suffered another bout of selling at Tehran Stock Exchange on Sunday dragging down TEDPIX to a six-week low to underscore the bearish sentiment prevailing at the TSE.

In a meeting with the head of Iranian Mines and Mining Industries Development and Renovation Organization, two delegations representing Japanese companies signaled their readiness to cooperate in…

Pasargad Oil Company and Jey oil Refining Company offered 41,000 and 34,300 tons of bitumen respectively on Iran Mercantile Exchange’s oil and petrochemical trading floor on Saturday.

Iron ore exports in the first four months of the current Iranian year (started March 21) dropped 34% in terms of volume and 65% in value compared to last year’s similar period, amid plummeting…

Banana exporters in the Philippines are anticipating a rise in shipments to Iran this year following the lifting of sanctions against the country, according to a report from Sun Star. Stephen…

More than 384,000 tons of goods worth $43.6 million were exported from Hamadan Province mainly to Iraq and Ukraine in the first four months of the current Iranian year (started March 21),…

CEO of Iranian Tobacco Company, Mohammad Hossein Barkhordar, says the company is planning to put price labels on cigarette packets. The plan is in line with a corresponding legislation passed by…

Railroad construction in Iran has been traditionally carried out by the public sector, since according to Article 44 of the Constitution, railroads and all large-scale industries are regarded as…

Two high-level delegations from South Korea are expected to visit Iran within the next few months, IRNA reported quoting public relations office of the Iran Embassy. The first delegation is headed…

Iranian researchers have produced biodiesel from the flixweed crop as a potential renewable energy substitute for non-renewable fossil fuels.

Under a project to deliver a new generation of…

All commercial sectors of the domestic economy could benefit from an opening up of the country's doors following the July 14 nuclear deal between Iran and six major powers, but the automotive…

Iran plans to provide further subsidies to produce environmentally friendly cars such as hybrid and electric vehicles, and has urged Japanese carmakers to consider building related plants in the…

Production figures for four locally produced vehicles have plunged in the month ending July 22. Production of Renault's Sandero and Megane as well as two Chinese models JAC G5 and Lifan 620 came…

The Central Bank of Iran is slowly gaining access to its frozen assets, as the historic deal between Iran and the West comes into effect.

Indian refiners have been told to prepare to pay…

Governor of the Central Bank of Iran Valiollah Seif announced on Friday that the Money and Credit Council has laid the groundwork for further cuts in the interest rate but said this would be done…

Bank Saderat unveiled its three-year strategic plan to better its position in Iran’s money market on Thursday. The plan’s announcement got attention from state media as Saderat is the largest…

A senior housing official has predicted stability in the real-estate market until the end of the current Iranian year (March 19, 2016).

Hamed Mazaherian, deputy minister of roads and urban…

The Iranian nuclear pact will gradually reopen an economy bigger than Thailand’s and with oil reserves rivaling those of Canada. Here’s what investors will encounter, Bloomberg wrote.

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Iran has agreed to export 1,000 tons of copper cathode to China, announced the managing director of National Iranian Copper Industries Company, Ahmad Morad Alizadeh, during a meeting with a…

Tehran Stock Exchange wrapped up its fourth consecutive trading week in red amid tumbling oil prices, reopening of listed companies’ ticker symbols, banking problems and lingering ambiguities…

Many believe that for a country like Iran, which is the 18th largest economy in the world in terms of GDP, unimpressive international trade rankings come as a surprise.

More than 4 million tons of goods crossed Iran’s borders in the first four months of the current Iranian year (started March 21), over half of which were oil products, according to the Ministry of…

Italy and Egypt were the biggest export destinations for Iranian goods in Europe and Africa respectively during the first four months of the current Iranian year (started March 21), says deputy…

The transport sector in Iran is expected to be one of the main beneficiaries of the landmark nuclear agreement reached with the P5+1 countries –namely the US, Russia, China, France, the UK and…