Eighteen railbuses are due to join Iran’s rail fleet by March 20, which marks the end of the current Iranian year, a deputy minister of roads and urban development said. 

Saeed…

Steel products exported by Iranian suppliers over the first 10 months of the current Iranian year soared by 45% year-on-year, according to the Iranian Mines & Mining Industries Development…

Railroads, environment and water and sewage are top priorities of the budget for the next fiscal year (March 2017-18), as 100 trillion rials ($2.6 billion) have been earmarked for the development…

Completion of 6,000 industrial projects and the launch of 33 new major projects have added 220,000 jobs to the economy during the current Iranian year (March 2016-17), says deputy minister of…

More than 12 million tons of goods were loaded and unloaded in Iranian ports over the past Iranian month (December 21, 2016-January 19, 2017), registering a 13.8% rise compared with the…

The Hungarian Export-Import Bank has allocated an €85 million credit line to the Export Development Bank of Iran to foster economic relations between the two countries, the Hungarian foreign…

The detergents and cosmetics market is worth 200 trillion rials (about $5.2 billion) per year, the deputy head of Detergents and Cosmetics Association of Iran, Mohammad Nilforoushan, said.

India’s foreign exchange reserves rose $1.6 billion to reach $363.1 billion as on February 3 said the Reserve Bank of India in a statement to the media on Friday, PTI reported.

Gold fell on Friday on a firmer dollar after US President Donald Trump promised a major tax announcement and as economic data boosted expectations of a US rate hike, Reuters reported. Spot gold…

After two years of sharp decline, the Palestinian industrial production index recorded a small gain in 2016, al-monitor reported. According to the Feb. 5 report of the Palestinian Central Bureau…

Going against a global trend of discouraging cash use, the European Union’s biggest eastern economy Poland launched a new 500-zloty ($123.6) banknote on Friday to reduce the cost of storing…

Venezuela’s state-run oil company, PDVSA, has fallen months behind on shipments of crude and fuel under oil-for-loan deals with China and Russia, according to internal company documents reviewed…

World stock markets mostly kept rising on Friday after US President Donald Trump promised he would soon cut taxes for businesses. 

Worry about a potential currency war in the wake of President Donald Trump’s inauguration is “premature,” a spokesman for the International Monetary Fund said Thursday.

 “I don’t see…

With the global economy on an uncertain trajectory, China and the US on the cusp of a trade war and commodity prices recovering, Asian central banks are reassessing their monetary policies. After…

Dubai’s private sector started 2017 on an upbeat note by recording the sharpest rise in output in almost two years, new data suggests.

South Korea’s finance minister on Friday called for intensive structural reform to regain the growth momentum of Asia’s fourth-largest economy.

Indonesian authorities welcomed a credit outlook upgrade by Moody’s as a sign investors are increasingly comfortable with the country, while Finance Minister Mulyani Indrawati chastised Standard…

Last year, Vietnam’s total export turnover was $175.9 billion, an increase of 8.6% over the previous year. This year, the ministry has set an export turnover target of $188 billion for 2017, or 6.…

By 2050, six of the seven largest economies will be emerging market economies–with China, India and Indonesia leading the way, reveals a global economic outlook report by management consultancy…

Bank of Japan Deputy Governor Hiroshi Nakaso said Japan’s economy still needs massive monetary support given overseas uncertainties and stubbornly weak price growth, shrugging off market…

The Russian economy will be on the positive side of growth even if the price of crude oil falls to $40 per barrel, the Central Bank of Russia said.

Trademarks for 31 Iranian products have been registered with the World Intellectual Property Organization, the Industries, Mining and Trade Ministry’s deputy for education, research and technology…

February 10, 2017, marked the 38th anniversary of the Islamic Revolution —an epochal event that transformed Iranian economy dramatically. 

Before the revolution, a considerable share…

Tehran Stock Exchange’s main index TEDPIX gave up 622 points or 0.8% for the week that ended February 8 to close at 76,793.

This is TEDPIX’s third consecutive week of decline. The benchmark…