Economy

Iranian Ministry of Industries, Mining and Trade has released a list of essential goods that are not subject to the 4% upfront payment of import duties, given the current economic situation of…

A total of 4.13 million tons of finished and semi-finished steel products were exported from Iran during the first five months of the current fiscal year (March 21-Aug. 22) to register a 27.72%…

The 12th International Iran Plast Exhibition opened at Tehran's International Fairground on Monday. 

Tehran stocks rose solidly on Sunday, recording another all time high for the equity market and topping off a series of back-to-back records that has kept the market heated since summer. The new…

Major mobile operators MTN-Irancell and Mobile Telecommunications Company of Iran (MCI) have revised their pricing procedures making Internet services a bit costlier.

Out of 3.2 million unemployed people in the fiscal 2017-18, about 1.8 million or more than 56% experienced frictional unemployment (those who were not working because they were in between jobs…

Despite autumn dryness, crop conditions recovered in Iran and the total cereal production for 2018 is forecast to stand at 20.1 million tons to register a 2.9% increase compared with the 2017…

Around 2.94 million tons of agricultural and food products worth more than $2.63 billion were exported from Iran during the first five months of the current Iranian year (March 21-Aug. 22), to…

New data show property deals in Iran are on a downward trajectory, suggesting that the housing sector may be facing another bout of recession.

Iran’s box-office revenues exceeded 610 billion rials ($5.19 million) this summer, thanks to a strong offering of a comedy: Centipede.

Twenty-two movies were screened through the…

The gravest problem facing privatization in Iran is the volatile foreign currency market, the head of Iranian Privatization Organization said. 

The export price index (using the year ending March 2012 as a base year using rial) stood at 226.2 for the first quarter of the current fiscal year (March 21-June 21).

This marks an 18.1…

The goods and services Consumer Price Index for the month ending Sept. 22, which marks the end of the Iranian month of Shahrivar, registered a year-on-year increase of 25.7% compared with the…

Iran traded 389,963 tons of non-oil commodities worth $594.82 million with Italy during the first five months of the current fiscal year (March 21-Aug. 22), registering a 32.03% growth in…

Governor of the Central Bank of Iran said on Saturday that since his bank allowed the import of hard currency by money exchange houses and other legal and natural persons, the inflow has been…

Latest figures disclosed by Bank Maskan, the agent bank of Iran’s housing sector, indicate that the lender has upped the volume of its loans, as the housing market, especially the one in the…

A look at the balance sheets of Iranian banks and credit institutions shows that their capacity to create money and allocate credit has been significantly influenced by the current state of…

The head of Competition Council welcomed efforts made by the Central Bank of Iran to stabilize the currency market, saying CBI has taken positive measures to improve the conditions under the…

Iraqi officials, struggling to form a new government months after the May parliamentary elections, now have an even more pressing concern: persuading the Trump administration to waive sanctions…

Iran exported 569,974 tons of watermelon worth $106.42 million during the first five months of the current fiscal year (March 21-Aug. 22), latest data released by the Islamic Republic of Iran…

Iran traded 839,348 tons of non-oil commodities worth $355.73 million with Indonesia during the first five months of the current fiscal year (March 21-Aug. 22). This marks a 12.96% and 32.92%…

The 18th International Industry Exhibition, also known as IINEX 2018, is scheduled to open at Tehran International Fairground on Oct. 13, according to the event’s official website at Idro-sanat.…

Seven deputy industries, mining and trade ministers have offered their resignation in a show of support for the so-called “law banning the reemployment of retired public employees”, which…

South Korea’s new ambassador to Iran, Yu Chang Hwang, said Korean companies will continue to work with Iran, despite the US pullout from the nuclear deal.

Yu was speaking in a meeting…

Tehran Stock Exchange’s main index gained 3,209.53 points or 2.04% on Saturday to end trading at 160,538.2.

About 4.62 billion shares valued at $118.10 million changed hands at TSE for…