Economy

Trade between Iran’s northern Mazandaran Province and Mexico could potentially be expanded to $500 million a year, said head of the province’s chamber of commerce, Amir Miran, in a meeting with…

Chances are high that illegally imported fruits contain pests, Mehr News Agency quoted director general at Tropical and Subtropical Fruits Department in the Agriculture Ministry, Abolqasem…

The government has announced that a new domestically manufactured small airplane will become operational by the end of the current Iranian year (March 19, 2016). The new aircraft seats six…

Iran Khodro, Iran's oldest and largest national automotive producer, will start presales of Dongfeng vehicles  in the second half of the current Iranian year (started March 21), the company's…

IKCO has announced it will begin presales of the new Renault Clio 4 hatchback vehicle next month.  

Mostafa Khankarami, made the announcement of the presales of the small Renault on…

Most vehicle assembly plants in Russia are not cost competitive because they are not producing enough vehicles, said Bo Andersson, CEO of Russia’s largest carmaker, AvtoVAZ. Among the plants …

The former deputy of legal affairs at the Central Bank of Iran voiced opposition to a recent decision by the High Council of Statistics (approved on June 9) that the Statistical Center of Iran…

CEO of a private bank has cast doubt on the ability of banks to undertake the new mortgage package, which seeks to stimulate the housing market.

Hassan Motamedi, CEO of Bank Eghtesad-e-…

Iran's ambassador to Azerbaijan announced the establishment of a joint bank in Tehran in the near future for facilitating banking operations and developing investment and trade activities between…

Business Monitor International forecasts the market will become the fourth largest pharmaceutical market in the Middle East and North Africa region by 2024, in terms of market size.

The Central Bank of Iran has ceased manufacturing and selling gold bars after a relative calm returned to the gold market.

CBI began to supply gold bars through Karafarin Bank during the…

Iran’s banking system is grappling with numerous problems, raising concerns over their future. International statistics show that Iran’s ranking in banking management is not very noteworthy.

Iran produces 770,000 tons of honey annually, accounting for only 0.4% of the global honey production, according to an official at the agriculture ministry, Mashallah Jamshidi. The number of…

Member of board at Iran’s Airports Company affiliated to the Ministry of Roads and Urban Development says Iran has purchased autoland  and GPS aircraft tracking systems from an unnamed…

Mohsen Jalalpour was elected as the new chairman of Iran Chamber of Commerce, Industries, Mines and Agriculture on Sunday. The sole candidate for the position, Jalalpour received 354 votes from…

Iran should move toward globalization to achieve economic stability, says chairman of the Education, Culture and Economy Department at Iran’s Chamber of Commerce, Industries, Mines and Agriculture…

At a meeting held in Johannesburg, Minister of Economic Affairs and Finance Ali Tayyebnia and South African Minister of Economic Development Ebrahim Patel stressed the importance of broadening…

First quarter numbers for basmati rice imports from India to Iran–the biggest buyer, accounting for a fourth of Indian sales overseas–are yet to be released, but Indian sources say that volumes…

Tehran Stock Exchange’s main index, TEDPIX, staged a relatively big rally at the beginning of Sunday trading. however, persistent ambiguities in the equity market evaporated part of the gains at…

Oil prices witnessed a sharp plunge last year due to the US becoming self-sufficient in shale oil and China’s sluggish economic growth reducing oil demand and consumption. Hence, oil-rich…

Close to 68,000 tons of mixed rebars and I-beam bundles, 6,444 tons of I-beam A3-12 and 25 and 1,100 tons of mixed rebar bundles were offered by Esfahan Steel Company on Iran Mercantile Exchange’s…

India's giant steelmaker Essar Group is planning to invest $2.37 billion on building a steel plant in Iran, according to managing director of Persian Gulf Special Economic, Industrial and Mining…

According to Governor General of the southeastern Sistan-Baluchestan Province Ali Owsat Hashemi, the province is home to 10% of the world’s antimony reserves, Mehr News Agency reported.

The gloom hanging over the listed industries at Iran Fara Bourse slashed expectations about their performance. The main index IFX edged down 4.85 points or 0.69 percent to end at 693.03. More than…

Goals have been set so that Iran will rank fifth globally in the realm of nanotechnology by the end of the next Iranian year (March 20, 2017), Vice President for Science and Technology Sorena…