Economy

Tehran Stock Exchange’s main index inched up by 28.30 points or 0.04% to end Saturday trade at 78,218.8.

More than 1.1 billion shares valued at $66.3 million changed hands for the day.

First Vice President Es’haq Jahangiri says downsizing the government and improving productivity have always been incorporated into development plans. “But, unfortunately, what happened was that…

Egypt and Turkey led a slump in Middle East gold demand in the second quarter, with only Iran showing gains in the region’s investment and jewelry consumption. Middle East jewelry demand declined…

Foreign partners striking deals with Iranian companies must be obliged to export the jointly manufactured products over a period of five years. “This will help control prices and enhance quality…

Although Lyft is looking for money to compete with Uber, the ridesharing company turned down an offer to be purchased by General Motors.

According to Tech Insider, citing a report by The…

A few months back, BMW had said the i3’s battery upgrade for the 2017 model year will give the electric vehicle a 40% jump in single-charge range and it’s now official.

The US Environmental…

Lawyers for Volkswagen AG vehicle owners will seek up to $332.5 million in fees and costs for their work in a $10 billion settlement over claims the automaker used software to cheat on emissions…

Over 110 local and foreign auto firms will attend International Urmia Motor Show in West Azarbaijan Province on September 6-9, said the director of the fair.

“The motor show will be held at…

With the lifting of sanctions, trade between Moscow and Tehran has grown 70.9% in year-on-year terms, according to Russia's ambassador to Iran, Levan Dzhagaryan.

Since sanctions against…

The Minister of Cooperatives, Labor and Social Affairs Ali Rabiei says four million people will be removed from the list of cash subsidies as per a decision by the parliament.

“We take into…

Iran’s economy is saddled by more than the economic sanctions. Shackles that have plagued it for years have grown stronger in the past decade and linger in the post sanctions era. These are the…

Non-oil exports should increase by $10 billion in the current fiscal year (ends in March 2017), according to the deputy minister of industries, mining and trade, Reza Rahmani.

“At…

Close to 1,430 tons of hand-woven carpets worth $83 million were exported to 80 countries during the first four months of the current Iranian year (March 20-July 20, 2016), with the US being the…

Up to 7 million people are unemployed in Iran of which four million lack the skills and training to be employed in any profession, according to deputy minister of cooperatives, labor and social…

A European investor was in Iran on Thursday to study avenues of cooperation in honey production, the Minister of Cooperatives, Labor and Social Welfare Ali Rabiei said. He did not specify the…

A political-economic delegation from Lebanon will visit Tehran on August 29 to explore avenues for cooperation in a wide-range of fields, namely investments, packaging, food, mines and commercial…

The World Packaging Organization has set up the Iranian Institute of Packaging (IRIP) with the aim of providing Iran with packaging education by holding workshops in Tehran as of next August,…

The first phase of a major freeway project connecting south of Tehran to the capital’s western flank is scheduled to be completed by the end of the current fiscal year (March 2017), the Minister…

Iran exported more than 2,100 tons of non-oil goods worth $7.9 million to France during the first four months of the current Iranian year (March 20-July 21), which shows a 46% increase compared to…

Iran is expected to witness significant expansion in its pelletizing capacity in the coming years as local steel mills strive to balance their existing production chains, feed new DRI (direct…

A memorandum of understanding was signed in Baku between the Iranian National Standards Organization and the State Committee on Standardization, Metrology and Patents of the Republic of…

Tehran Stock Exchange’s benchmark index TEDPIX gained 334 points or 0.4% during the trading week that ended August 10 to close at 78,190.

TSE trading begins on Saturday and ends on…

Trade with Afghanistan can increase to at least $6 billion per year from the current $2.5 billion, said the Minister of Economy Ali Tayyebnia.

In a groundbreaking decision, the government has announced measures to transfer its accounts from agent banks to the Central Bank of Iran in line with its policies to promote transparency and…

A new plan is being reviewed by Money and Credit Council, which would allow auto manufacturers to own up to 35% of bank shares, said Kourosh Parvizian, Parsian Bank’s CEO. The permission is…