A new passenger rail service between Iran and Turkey will become operational on June 18, Turkish Minister of Transportation, Maritime Affairs and Communications Ahmet Arslan said on Wednesday.…
Economy
Iran has once again become a member of the United Nations Economic and Social Council by getting the necessary votes at the UN General Assembly after a 16-year hiatus. In the voting held for the…
The German government has set up a special office to advise companies worried about their business dealings with Iran amid fears they will be targeted for US sanctions. The European signatories…
Local private auditing firm Iran Standard and Quality Inspection Company has signed a deal with the Barcelona-based engineering firm Applus+ IDIADA. The agreement is to assist the Iranian…
Volkswagen could face additional fines in Munich and Stuttgart on top of the €1 billion ($1.2 billion) it has been told to pay for management lapses which caused emissions cheating on 11 million…
The government has allocated $15 billion of foreign exchange to imports in the 50 days since the start of the current Iranian year on March 21.
According to Government Spokesman Mohammad…
An educational content on insurance will soon be devised for all school levels in Iran with the aim of fostering a healthy and informed culture that will boost the prospects of the ailing…
The Central Bank of Iran’s Money and Credit Council approved amendments to regulations that will allow individuals and entities, which are not qualified to receive a checkbook, to open current…
The inward flow of foreign direct investment into Iran registered an increase of almost 50% in 2017 compared to the year before and exceeded $5 billion, according to the United Nations…
About $287 million worth of machine-made carpets were exported from Iran in the last fiscal year (March 2017-18). The main export destinations for these products were the neighboring countries…
Tehran stocks ended the trading week with a bang, as both Tehran Stock Exchange and Iran Fara Bourse reached new highs on Wednesday's close.
The domestic leather industry has created close to 100,000 jobs in sales outlets and about 15,000 in production units.
Tariff on tobacco imports has increased from 5% to 15%.
Criticizing the move to raise tariffs, Chairman of Tobacco Products Importers and Exporters Association Mohammad Reza Tajdar…
Iran has called for a meeting of its joint economic commission with Sri Lanka to be held in Tehran in August.
“As per our own assessment, the May 2018 state visit by the Lankan…
First Vice President Es’haq Jahangiri designated Caspian Port as one of the country’s official marine trading borders for vehicles, passengers and cargo imported to and exported from Iran in a…
Pulling money out of the country of their birth and buying foreign assets such as real estate have been a common practice of the rich in Iran for years.
More than 86,150 tons of melons worth over 1 trillion rials ($30 million) were exported from Iran to 25 countries in the last Iranian year (March 2017-18), according to the latest figures…
Bashmaq border crossing in the western Kurdestan Province’s Marivan County will be closed on June 15, at the request of the officials of the Iraqi Kurdistan Region on the occasion of Eid al-Fitr…
More than 1.18 trillion rials ($35 million) worth of automated teller machines (ATMs) were imported into Iran during the last Iranian year (March 2017-18), according to figures released by the…
The board of directors of Iranian Tobacco Company has appointed Mohammad Reza Khak-Kar as its new managing director to replace Mosayyeb Mohammadian-Shomali, the company’s news outlet reported.…
Major Iranian e-hailing company Snapp has made inroads into two new markets as its services have become operational in Bushehr and Hamadan. Customers from Bushehr in the southwest of the country…
The quality of several Iran-made budget vehicles, priced under 500 million rials ($11,900), has observed a slight improvement according to the results of a monthly audit released by Iran…
Close to 367,480 tons of barley worth $79.24 million were imported into Iran during the first two months of the current Iranian year (March 21-May 21), registering a 49.7% and 84.2% growth in…
Iran’s non-oil commercial exchanges with the five member states of the Eurasian Economic Union totaled $1.69 billion during the last Iranian year (March 2017-18) to register a decline of 35.38%…
Iran Airports Company registered 35,259 takeoffs and landings during the Iranian month ending May 21, which shows an 8% decrease compared with last year’s corresponding period.
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