Economy

A trilateral agreement based on the government's urban renewal initiative is expected to create 300,000 direct and indirect jobs. The agreement was signed in Tehran on Saturday between the…

The economic freedom index of Iran has improved by 19 ranks, but the country is still far from claiming it has a free economy attractive for foreign investments, the latest ranking of the Fraser…

Mohsen Hashemi, the head of Tehran City Council, believes development of subway lines and stations is the only low-cost and speedy way of alleviating the issue of traffic congestion in Tehran.…

The governor of Khoy city of West Azarbaijan Province and his counterpart from Turkey's Van Province have signed a security and economic cooperation agreement titled "Fifty-Second Security…

Olive production in Iran is expected to reach 90,000 tons in the current Iranian year (started March 21) and register a 5% rise compared with the corresponding period of last year, the manager…

Global Export Credit Unions participating in a meeting of the Berne Union Credit and Investment Insurers this week backed sustained cooperation with Iran despite the US move earlier this year to…

Tehran Stock Exchange's main gauge, TEDPIX, sailed past the 188,000-mark for the second time on Saturday, while other major indexes rose to new highs as bumper half-yearly  earnings reports…

The central bank governor said volume of foreign currency trade in the secondary market amounted to €7.3 billion in the past two months.

Scores of Iranian executives running private businesses converged on the Tehran Chamber of Commerce, Industries, Mines and Agriculture on Saturday to meet their Syrian counterparts and secure a…

All Iranian exporters and importers can now employ cheaper foreign currency rates used in the government's system for registering trade when using maritime and port services.

Payam International Airport, located in the city of Karaj 40 km west of Tehran, has prepared all the facilities needed for exporting goods. Airport officials say exporters can now use the…

Iran’s elevator manufacturing companies have the capacity to build 80,000 elevators annually, but currently they manufacture only 30,000 due to the prevailing recession in the housing sector,…

The number of trips made by Azerbaijani citizens to Iran has seen a 53.2% rise during the first nine months of 2018 compared with the same period of last year.

This is while 32.7%…

Iran wants stronger trade and economic ties with Pakistan, and believes barter trade is equally beneficial for both countries. These views were expressed by Iran Consul General Reza Nazeri…

Japan’s Sasakawa Peace Foundation will work with Iran Cultural Heritage Handicrafts and Tourism Organization on a joint research project centered on “women and handicraft” next year, the head of…

India is weighing a rupee-rial payment mechanism for the Chabahar Port project in Iran as it weaves a way around the impending sanctions imposed by the US on the Persian Gulf nation from…

Khazar Car Company, an automotive joint venture between Iran Khodro and AzerMash OJSC, is mulling exports made in Neftchala, 168 km south of Baku, to Russia and Georgia, said the Azeri deputy…

Gold prices are relatively stable according to the head of Iran’s Specialized Gold and Jewelry Commission. Speaking on state TV, Mohammad Keshti-Aray said the clam is due the decline in the…

The total value of traded shares in Tehran Stock Exchange reached 853.13 trillion rials ($6 billion) since the beginning of the current fiscal in March until mid-October. During 137 working days…

The customs offices of Iran and Iraq have taken measures to ease the travel of pilgrims from border checkpoints to Iraqi cities during Arbaeen. As such, transits through Shalamcheh Border…

France’s Foreign Ministry said on Thursday the creation of a special purpose vehicle (SPV) that the European Union is considering to enable trade with Iran to help the bloc avoid the…

High-level meetings on Thursday and Friday in London were held to maintain and develop Iran-UK trade ties, and a major focus was on preserving humanitarian trade to Iran threatened by…

A recent survey conducted by the Tehran Chamber of Commerce, Industries, Mines and Agriculture has found that an overwhelming majority of private businesses had a negative perception of Iran's…

Over 9.13 million tons of essential goods worth $4.67 billion were imported into Iran during the first half of the current Iranian year (March 21-Sept. 22), accounting for 56% and 21% of the…

Iran Small Industries and Industrial Parks Organization and the German Society for International Cooperation (known by the German abbreviation GIZ) have signed a memorandum of understanding on a…