Economy

Iran did not change its import duty for steel and export duties for iron ore, despite previous announcements, according to the latest annual import-export regulations published by the country’s…

Iran’s square billet exporters have returned to the market with new tenders after the holiday period and closed a number of deals.

Higher demand was also seen in the Middle East, as…

Accidents on Iran’s roads cause thousands of deaths and injuries every year, and cost the country’s economy billions of dollars.

As Iran Chamber of Commerce, Industries, Mines and…

New gold, iron ore and molybdenum veins have been discovered in Qizil Uzan mineral zone located in the northwestern Ardebil Province, an official with the Iranian Mines and Mining Industries…

Iran’s two major coal companies extracted 1.68 million tons of coal and produced 602,958 tons of coal concentrate in the last fiscal year (March 2016-17), which indicates a 21% and 12.95% growth…

Russian carmaker Sollers said it had turned a profit of 1.6 billion roubles in 2016 ($28.02 million), versus 3.1 billion roubles in 2015 following a slowdown of the Russian automotive market due…

Six months after rumors circulated on the possible entry of Indian-owned British-built Jaguar Land Rover to Iran, the company has confirmed it is coming with more than half a dozen new SUVs and…

Turkish automotive production increased by 23% year-on-year, producing 157,729 vehicles in March according to data provided by the Ankara's Automotive Manufacturers Association.  Production…

Tehran Stock Exchange's benchmark index gained 472 points or 0.6% during the trading week that ended on October 12 to close at 77,655.

TSE trading week begins on Saturday and ends on…

Iranian banks' loan portfolio expanded by 40% during the year to March 20 despite grappling with a credit shortage, said the governor of the Central Bank of Iran.

The Central Bank of Iran has responded to a media story accusing the government of monetary indiscipline.

A report titled “Record 157% Increase in Government Borrowing from Central Bank”…

President Hassan Rouhani’s administration is focused on revitalizing the beleaguered housing sector and its intermediate sectors to get them out of their years-long recession, the minister of…

The number for empty residential units in Tehran is not accurate, the head of Tehran Association of Realtors said. “A majority of empty homes are located on Tehran’s outskirts while homes…

Iran Air could take delivery of at least one new Boeing 777 aircraft in the next few weeks–the first new aircraft it will have received from the US company in decades.

It is estimated that between 180,000 and 220,000 tons of colza will be produced in the current Iranian year (started March 21) from 130,000 hectares of land, an advisor to agriculture minister…

Some $12-13 billion worth of goods are estimated to have been smuggled into the country over the past Iranian year (March 2016-17) down from $15.5 billion compared to the previous year,…

Close to $350 million worth of Iranian hand-woven carpets were exported in the last fiscal year (March 2016-17), registering a 27% increase, the head of Iran’s National Carpet Center said. “Our…

The government’s monthly grant of cash subsidies to families and individuals with limited resources who receive aid from the State Welfare Organization and Imam Khomeini Relief Committee will rise…

Buying activity in Iran’s flats market demonstrated some improvement after the New Year’s holidays, mainly amid buyers’ need to replenish stocks.

The rise in demand was seen mostly for the…

Investing in Iran just got a whole lot easier.

The Swedish government has allowed a blockchain startup to use a bitcoin account–as opposed to a traditional bank account–as a way to prove…

Underground mining for zinc sulfide is scheduled to begin at Angouran Lead and Zinc Mine in the Iranian month of Khordad (starting May 22), the mine’s managing director Mansour Shabani announced…

Economic development through tourism is contingent on protecting cultural and environmental resources.

A booming tourism helps preserve both the nature and culture, an independent operator…

Apple Inc is considering teaming up with its supplier Foxconn to bid for Toshiba Corp’s  semiconductor business, public broadcaster NHK said on Friday - the latest twist in the sale of the…

Fast food chain Burger King has been criticized by large swathes of the public following a 15-second advert which triggered Google Home devices to read out the ingredients and make-up of a burger…

The director of a recently-launched motorbike delivery app AloPeyk.com has claimed his couriers earn four times the average national income using the new internet based service. Mehdi Nayebi,…