Economy

The citizens of the Islamic Republic are no different from their western counterparts in their taste for branded luxury goods.

As the second largest economy in the Middle East after…

Based on an agreement between Iran and the Eurasian Economic Union, exports of Iranian biscuit and chocolate to the EEU member states will be exempt from customs duties, a deputy minister of…

Iran’s trade with the European Union stood at €13.1 billion in the eight months ending August 2017, almost double compared with the same period of last year.

Renovation and expansion of land routes leading to Iraq have cost the Iranian government 5.5 trillion rials ($135.67 million) since the fiscal 2014-15, a deputy roads and urban development…

About 96% of workers in Iran have temporary contracts, the head of workers’ guilds association said. Stressing that lack of job security and low wages are the two main challenges facing workers…

Iran exported $67 million worth of commodities to Kenya during the six months to Sept. 22, up 168% compared with last year’s corresponding period, the Arab-African States Department of Iran…

Iran produced 27.2 billion cigarettes in the first seven months of the current fiscal year (started March 21), indicating an 18% rise year-on-year, the head of Tobacco Planning and Supervision…

Iran is seeking $50 billion in investment for its mining industries up to 2022 and has signed agreements with several European and Asian banks in the past few months, a deputy minister of…

India’s first consignment of wheat to be sent to Afghanistan arrived at Iran’s southeastern port of Chabahar on Wednesday morning.

Financing railroad projects through public-private partnership, foreign direct investment and leasing are among methods to set up ventures with foreign investors, a senior official with the…

Tehran Stock Exchange’s main index added 195 points or 0.22% to end Wednesday trade at 87,844.9.

TEDPIX is hovering near its 45-month high these days.

About 833 million shares…

Negotiations are underway between Iran and India over a deal to develop a major offshore gas deposit in the Persian Gulf, but the two sides are at odds over the price of Iran's natural gas,…

Norway's Offshore Resource Group signed a memorandum of understanding with Khazar Exploration and Production Company to the study the development of Sardar-e Jangal oil and gas field off Gilan…

Economic departments will be established in Iranian diplomatic missions within a couple of weeks, Mehr News Agency quoted Deputy Foreign Minister Morteza Sarmadi as saying. Back in July, Majlis…

Trade between Iran and Pakistan stands at $230 million a year, of which only $44 million account for Pakistan’s exports. This was announced by Mohammad Vali, the head of Iran-Pakistan Chamber of…

Iran’s non-oil foreign trade during the first seven months of the current fiscal year (started March 21) stood at $52.52 billion, indicating a 6.2% rise compared to last year’s corresponding…

Afghan Chief Executive Abdullah Abdullah said the operationalization of the Chabahar Port project is an important step toward the economic development of South and Central Asia and will boost…

All payments and transactions pertaining to people’s bank accounts dating back to the beginning of the previous fiscal year in March 2016 will be disclosed to the Iranian National Tax…

After Iran’s nuclear deal, the insurance industry’s international dealings have significantly increased, as Italian and German firms are keen on buying the shares of state-owned Iran Insurance…

Minister of Economic Affairs and Finance Masoud Karbasian said the recent move by Chinese banks to close Iranian nationals’ accounts is “unreasonable”, saying that Iran is seriously seeking an…

Tehran Stock Exchange’s main index gained 172.7 points or 0.2% to end Tuesday trade at 87,649.9.

The index is hovering near 45-month high these days.

About 1.1 billion shares…

This year’s Europort exhibition, which takes place at Rotterdam Ahoy from Nov. 7-10, will have a significant presence from Iran, one of the fastest growing markets in the maritime sector.

Iran didn’t need to take a cue from Saudi Arabia’s success with its Alcoa joint venture Ma’aden Aluminum smelter and downstream operations, as just about every Middle Eastern natural-gas…

More than $150 million worth of hand-woven carpets were exported from Iran during the first half of the current Iranian year (March 21-Sept. 22), registering a 13% rise compared with the…

The average Producer Price Index in the 12 months ending Oct. 22, which marks the end of the Iranian month of Mehr, increased by 8.9% compared with last year’s corresponding period, the latest…