Economy

Iran’s diplomatic offices in Iraq will charge their consular services in either euros or dinars instead of the US dollar, effective from Tuesday as part of a new Iranian policy to reduce its…

The reimposition of US sanctions on Iran will only have a limited impact on the country’s mining and metals industry in the short run and is expected to do little additional damage to an…

Iranian steelmakers and customers in major outlet regions such as the Middle East, North Africa and Asia have started to voice concerns that the US decision to quit the nuclear agreement would…

Tehran Stock Exchange’s main index gained 162.92 points or 0.17% on Saturday compared to the day before to end trading at 95,103.1.

About 859 million shares valued at $43.93 million…

Telecommunications Company of Iran is set to underwrite 8 trillion rials ($190.4 million) worth of equity-based Ijarah sukuk on Tehran Stock Exchange today (Sunday). “The four-year bonds will be…

Through a joint venture with Iranian carmaker SAIPA, French automotive giant Citroen presold 2,000 units of its small city hatchback C3 in its initial offering in the country on May 16.

As a means to cover the costs of the country’s road expansion program and the debts so far incurred by the government over the project, an average 20% hike in freeway tolling was announced by…

The Statistical Center of Iran has released the latest housing data for Tehran, which indicate a significant annual and seasonal hike in prices, rents and deals, manifesting an uptick in the…

Purchase orders by merchants from the start of the current Iranian year (March 21) until May 16 has doubled compared with the corresponding period of last year, the vice president for…

Iran and Russia could consider using local or digital currencies to cushion any impact on bilateral trade from fresh US sanctions that ban dollar-denominated transactions with Iranians, a…

Buying activity in the Iranian export market for steel billet was lively in the week ended May 16 with customers rushing to place new orders for July-shipment material, especially those in the (…

The European Commission said on Friday it had started the process of renewing a sanctions-blocking measure to protect European businesses in Iran, after the United States pulled out of the Iran…

Turkey has slammed the sentencing of a Turkish banker in the United States over his role in helping Iran evade US economic sanctions. In a statement late Wednesday, the Foreign Ministry called…

"Good riddance!" must have been how Tehran equity market traders reacted when the United States pulled out of the 2015 Iran nuclear deal.

Seven trading days have passed since US…

Syrian Public Works and Housing Minister Hussein Arnous discussed with Iran’s Roads and Urban Development Minister Abbas Akhoundi on Thursday the prospect of cooperation between Syria and Iran…

The five-nation Eurasian Economic Union has signed a three-year provisional agreement with Iran to welcome the Islamic Republic into the bloc’s free-trade zone.

More than 127 tons of corded landline telephones worth around 48.58 billion rials ($1.45 million) were imported into Iran during the last Iranian year (March 2017-180), figures released by the…

The Second International Conference on Export Transportation and Logistics has been scheduled for June 20 at Tehran’s International Fairground.

Iran traded $703.22 million worth of non-oil goods with Brazil during the last Iranian year (ended March 20, 2018) which was 46.73% less compared to the year before, making the South American…

Cambridge Analytica, overwhelmed by a scandal over how it harvested data from Facebook to influence the last US election, filed for bankruptcy in New York. The UK-based political consulting firm…

Pergas Consortium, a group of international oil and gas companies, signed a heads of agreement (HOA) on Wednesday with the National Iranian South Oil Company on developing Karanj Oilfield in…

A total of 3.88 million tons of iron ore concentrate was produced in Iran during the first month of the current fiscal year (March 21-April 20), to register a 30% growth compared with last year’…

Tehran Stock Exchange’s main index gained 34.34 points or 0.04% on Wednesday compared to the day before to end trading at 94,940.2.

About 1.04 billion shares valued at $55.39 million…

Iranian Privatization Organization sold a 100% share in Machine Sazi Tabriz Company to a non-institutional investor on Wednesday, the organization’s official website reported.

Euro-denominated financing set up by European countries to trade with Iran will not be enough to sustain economic ties with Tehran in the face of US sanctions, an adviser to the French president…