Economy

Iran ranks 72nd among 137 countries in the 2018 Global Entrepreneurship Index report, carried out by the Global Entrepreneurship and Development Institute, which shows a 13-notch improvement…

Trade between Iran and BRICS member countries amounted to $18.26 billion during the eight months to Nov. 22, which comprises one-third of Iran’s non-oil trade during the period.

The…

Iran has offered India management rights for Phase 1 of Chabahar Port launched by President Hassan Rouhani on Sunday in the presence of India’s Minister of State (Shipping) Pon Radhakrishnan a…

German carmaker Volkswagen is in talks to buy a stake in Gorkovsky Avtomobilny Zavod, a Russian manufacturer of light commercial vehicles, five sources familiar with the talks told Reuters.

Battery prices need to drop by more than half before electric vehicles will be competitive with cars powered by internal-combustion engines.

That is likely to happen by 2026, when the…

A new guideline on auto imports has been proposed pending government approval, says the director of the Trade Promotion Organization of Iran. Mojtaba Khosrotaj says, “The government will make…

More than 9,500 gold coins were sold in the first week of auctions held at Bank Melli Iran-affiliate Bank Kargoshaee, the head of the affiliate said.

"During the past week, three…

The government plans to issue 345 trillion rials ($8.41 billion) of Islamic Treasury Bonds by the end of the current fiscal year (March 21, 2017-18), head of Securities and Exchange Organization…

Economist Saeed Leylaz believes the Iranian governments’ economic schemes to promote social equality and eradicate poverty have usually given rise to opposite results.

Trade between Iran and Hungary has experienced a twofold increase since the nuclear deal, officially known as the Joint Comprehensive Plan of Action, was signed between Iran and the world powers…

The 24th International Exhibition of Printing, Packaging and Related Machinery is scheduled to be held at Tehran’s International Fairground from Dec. 13 to 16.

More than 20.65 million people were employed in Iran during the last Iranian year (March 2016-17), 83.8% of whom were men and 16.2% were women, the Statistical Center of Iran announced. …

The rial hit a record low against the US dollar in Tehran's foreign exchange market, in keeping with its customary surge in December every year.

On Sunday, the rial was quoted at 41,550…

Expanding financial tools and their role in boosting national production and employment have been the main topics of discussion at the Third Islamic Finance Conference held in Tehran on Saturday…

After several delays, the much-anticipated plan to integrate the payment systems of Iran and Russia will be implemented by Dec. 10, the governor of the Central Bank of Iran announced.

Tehran Stock Exchange’s main index shed 344.90 points or 0.38% to end Sunday trade at 90,951.8.

About 1.28 billion shares valued at $48.81 million changed hands for the day.

…

Tehran Stock Exchange had a rapid growth last week, as it not only reached its all-time high record, but also zoomed past two 1,000-point channels.

It has also had the highest return on…

The consumption of mushroom in Iran has been growing in the last five decades. Currently, 700 hectares of land are under mushroom cultivation across the country.

Malard Mushroom Factory…

Iran produced 30.53 billion cigarettes during the eight months of the current fiscal year (started March 21), indicating a 10% rise year-on-year, the head of Tobacco Planning and Supervision…

Profiting from higher global energy prices, Iran is shipping out larger volumes of gas condensates, a type of ultra light crude, on the strength of additional supplies from the giant South Pars…

Asian markets continue to remain the largest recipient of Iranian crude, as European customers account for around 40% of Iranian oil exports.

Iran shipped 60% of its crude exports to…

Apple Inc’s chief executive Tim Cook said developers using its platform in China number 1.8 million and have earned a total 112 billion yuan ($16.93 billion), representing roughly a quarter of…

Samsung Electronics’ $8 billion purchase of audio electronics company Harman has given the technology conglomerate confidence to chase more big deals, its strategy chief said on Friday.

Iran’s largest ride-hailing company, Snapp, has expanded into four northeastern cities. The company launched services in Babol, Sari, Qaemshahr and Rasht after its successful launch in other…

BlackBerry has accepted an International Chamber of Commerce (ICC) decision that the company must pay Nokia $137 million due to a contract dispute.

The latter allegedly accused the…