Economy

The government earned 2.5 trillion rials ($17.48 million) from cigarette tax in the first five months of the current year (March 21-Aug. 22).

The figure indicates a rise of 36.6%…

High-level private sector officials of Iran and the Czech Republic have met in Tehran to discuss bilateral commercial ties despite the looming reimposition of US sanctions. 

The…

The Financial Action Task Force, the global anti-money laundering body, convenes on Sunday with a to-do-list which includes evaluating the progress by Iran in fulfilling its Action Plan to…

Weekly trade on the commodity platform of Iran Energy Exchange surpassed five trillion rials ($34.36 million) during the week ending October 10 to register a new record, irenex.ir reported.

Another jittery and volatile day for Tehran stocks turned into a frenzy of selling on Saturday as investor sentiment was battered by bearish commodity prices and heavy losses for global markets…

The Iran Chamber of Commerce, Industries, Mines and Agriculture is to soon publish a purchasing managers index (PMI) report to provide more transparent information about business conditions in…

EU and Iran have agreed to continue trade after the US withdrawal from the nuclear deal.

To circumvent US sanctions, they recently announced a plan for maintaining payment channels…

The High Council of Transportation announced on Saturday that truck rental rates for domestic cargo will be calculated on a ton-kilometer (tkm) basis.

New figures show that due to volatile currency fluctuations in recent months, which triggered steep price surges in the housing market and threatened the long-term outlook of the beleaguered…

Close to 4.95 million tons of oil and non-oil commodities were transited through Iran during the first half of the current Iranian year (March 21-Sept. 22) to register a 2% rise compared with…

Major carmakers Iran Khodro and SAIPA have seen their debt tally with parts makers, banks and financiers build up in the past few months amassing a debt of 200 trillion rials ($1.37 billion),…

A member of the Majlis Industries Commission says that the recently-imposed ban on car imports is not permanent and will end in the coming months. 

Saeed Bastani said the…

National Iranian Oil Company announced that it will launch crude oil futures by the last week of October, with one million barrels of crude oil to be offered on Iran Energy Exchange…

As part of its continued pressure campaign on Iran, the US government has issued an advisory to help US financial institutions (particularly banks; money services businesses (MSBs), such as…

A considerable area of Iran's capital city comprises distressed areas that house 15% of all its residents, an official with the Ministry of Roads and Urban Development said.

Data released by the Central Bank of Iran Thursday show that the regulator increased its foreign assets by 28% during the fifth calendar month ending August 22.

According to the monetary…

The total value of traded shares in Tehran Stock Exchange amounted to 339.26 trillion rials ($2.3 billion) during the first five months of the current Iranian year (March 21-Aug. 22) to register…

Iran Airports Company registered 230,136 takeoffs and landings during the first half of the current Iranian year (March 21-Sept. 22), which show a 10% decline compared with the similar period of…

Iran recently eased conditions for foreign investors, based on which foreign citizens can reside in the country by bringing sizable investments.

However, a senior private sector…

Representatives from India’s Export Promotion Council for Handicrafts met the country’s commerce secretary, Anup Wadhawan, recently to discuss issues faced by exporters to Iran, especially due…

A database on 3.5 million Iranian goods is accessible on Irancode.ir. 

Using this database, goods can be traced along the entire supply chain, according to the head of GS1 Iran (…

Saffron harvest season has begun and production is estimated to reach 350 tons this year, the deputy head of Iran National Saffron Council.

“Though land under saffron cultivation…

Iran’s budget deficit came in bigger than expected in the first five months of the current fiscal year (March 21-Aug. 22) to reach 369.1 trillion rials ($2.49 billion), latest data released by…

A total of 622,680 tons of watermelon worth $116.75 million were exported from Iran to 36 countries during the first half of the current Iranian year (March 21-Sept. 22).

Those wanting to establish business in the monetary market, namely establishing credit institutions, setting up branches and offices, attracting public deposits in any form, offering payment,…