Economy

Following an extended delay in delivery of presold Renault cars in Iran, the French automotive company’s partner in the country Pars Khodro has issued a statement apologizing to customers saying…

Following the public outcry over illegal car imports often reported in the local media, the Majlis launched an inquiry the results of which were published on Tuesday. In short, the law…

Iran's second largest carmaker SAIPA delivered 26,000 presold cars during the month ending Sept. 22.

In a statement on its website, the company assured customers that the delivery of…

In a water-stressed country like Iran generating electricity via thermal power plants which consume massive amounts of water cannot be a viable option anymore.

OPEC Secretary-General Mohammad Barkindo called for cooperation between OPEC and non-OPEC countries, warning that failure to do so could lead to one crisis after another.

Foreign exchange rates were again defiant and continued to climb on Tuesday with the US dollar surpassing the all-time high of 160,000 rials. 

According to the Tehran Gold and…

Lawmakers on Tuesday approved two bills related to the Iran Action Plan with the intergovernmental Financial Action Task Force. The Guardian Council had earlier found faults with the two bills…

Major Iranian stock indexes vaulted to fresh records on Tuesday, sending the TEDPPIX past the 170,000 mark for the first time. 

The milestone came as the rial's misfortunes were…

The Ministry of Industries, Mining and Trade has banned the export of tomatoes from Iran until further notice.

Director General of the Islamic Republic of Iran Customs Administration's…

Iran has specified the amount of prescription medicines passengers are allowed to take onboard international flights. 

This was notified by Gholamreza Asghari, the head of Food and…

The Fourth Transit-Oriented Development Conference is scheduled to take place in Tehran on Jan. 16, 2019. 

The event will bring together officials, academicians, engineers, experts…

The chambers of commerce of Iran and Iraq surveyed ways of expanding bilateral trade and banking cooperation.

High-level trade representatives of Iran and the UK met on Monday in Tehran and reiterated their commitment to boost bilateral ties in the face of returning US sanctions.

Iran's Ministry of Foreign Affairs and South Africa's Department of Home Affairs have reached an agreement that facilitates the process of obtaining visa for Iranian traders.

The consumer price index of all 12 groups of goods and services increased in the Iranian month of Shahrivar (Aug. 23-Sept. 22), the Statistical Center of Iran reported. 

Yet, the…

A Finnish provider of telecom information technology solutions, Tecnotree has renewed maintenance contracts with a major unnamed operator in Iran, in a deal worth €1.9 million.

…

Unifying their pricing systems, major mobile operators MTN-Irancell and Mobile Telecommunications Company of Iran (MCI) have increased rates of basic phone services.

Iran’s largest private automaker Modiran Vehicle Manufacturing Co., a partner of China’s Chery, at the weekend jacked up prices by a massive 55%.

In a statement published by ISNA, MVM…

Banks and credit institutions allocated 2.4 quadrillion rials ($16.82 billion) to various sectors during the first five months of the current fiscal that ended on August 22, the Central Bank of…

The foreign exchange market heated up again on Monday to post fresh records for the US dollar and other major currencies as they gained considerably against the plummeting rial. The dollar was…

Tehran Stock Exchange set a fresh record high on Monday as investors received more positive news on corporate earnings, especially export-oriented stocks that have benefited the most since the…

After experiencing four consecutive quarters of growth, the Industrial Production Index for large manufacturing units in Iran registered a downturn during the first quarter of the current fiscal…

The consumer price index increased from 116.2 to 134.6 or around 16% during the summer (June 22-Sept. 22). 

According to data provided by the Statistical Center of Iran, the second…

The Statistical Center of Iran has published its latest report on the state of home and land prices in addition to rents, which indicates all have significantly increased across urban areas in…

The government’s Economic Council last week approved a proposal of Minister of Roads and Urban Development Abbas Akhoundi, based on which the government is to issue 10 trillion rials ($70…