The Iranian Privatization Organization (IPO) announced last week that the fourth round of auction to sell the two major state-owned football clubs, Perspolis and Esteghlal, had no winners as none…
Economy
Iran economy news, Get the latest news about Iran economy, trade, growth prediction, agriculture, transport, aviation, infrastructural developments and investment opportunities.
Economy
Nearly 5,000 tons of honey were exported to the Persian Gulf countries as well as Turkey during the past Iranian year (ended March 20), said the CEO of Iran’s Beekeepers Union Effat Raisi on…
Economy
Russian companies should beef up their efforts to gain a bigger share in the Iranian market or otherwise they will be overtaken by their Asian and western rivals, Iranian Ambassador in Moscow,…
Economy
Since the beginning of the current Iranian year (March 21), 8,000 tons of red meat have been imported from Brazil for human consumption, CEO of Livestock Protection Company Mostafa Yasayi…
Economy
Aras Free Trade and Industrial Zone’s gross regional domestic product (GRDP) reached $835 million in the past Iranian year (ended March 20), which indicates an increase of 21 percent compared to a…
Economy
The government’s spokesperson, Mohammad Baqer Nobakht, on Sunday noted that arriving at a final nuclear deal with the world powers would give Iran access to about $100 billion frozen in foreign…
Economy
Contraband rice accounts for 30-35 percent of Iran’s total annual consumption of the crop, according to the secretary of Iran Rice Importers Association, as reported by Eghtesad-News. Masih…
Economy
Researchers at Shahid Beheshti University of Medical Sciences are making efforts to build human body parts for transplantation, Mehr News Agency reported.
Economy
The United States will extend its cyber defense umbrella over Japan, helping its Asian ally cope with the growing threat of online attacks against military bases and infrastructure such as power…
Economy
It seems like a decent chunk of Google's big news today deals with its partnerships. The search giant is already teaming up with Levi's to explore the realm of smart Jacquard clothes, and now…
Economy
The recent decision by Money and Credit Council to raise the borrowing ceiling for first-time buyers in Tehran to 800 million rials ($24,000 at market exchange rate) and 600 million rials ($18,000…
Economy
The chief executive of Alborz Investment Company, Mohammad Ali Mirza Kuchak Shirazi, has outlined the company’s current statistics and financial plans for the current Iranian year (started March…
Economy
A Abanking executive had called for further cut in reserve requirement ratio, saying the current rate pushes banks to deposit a large amount of their capital in the central bank, a move that would…
Economy
Bank Melli sparked nationwide outrage after it charged the clients 50,000 rials as SAPTA subscription fee without prior notice on Friday.
Economy
Tehran Stock Exchange’s overall index oscillated between gains and losses before ticking up 18 points or 0.03 percent at Saturday’s close to end at 63,420.1.
Economy
Iran’s second biggest facility to produce copper cathodes will be inaugurated within the next three months in Tarom Copper Mine in Qazvin Province, Mehr News Agency reported. According to head of…
Economy
A report by the ministry of industry, mine and trade reveals Iran's global ranking in production of five strategic commodities, namely steel, cement, iron ore, aluminum and automobiles, from 2010…
Economy
Amid the ongoing long recession in the domestic steel market, steelmakers have urged the government to revive suspended development projects with the aim of increasing domestic consumption. They…
Economy
The dried fruit market is facing a shortage of walnuts, causing not only a reduction in exports, but a hike in smuggling, Eghtesad-News quoted head of Dried Fruit Exporters Association, Mohammad-…
Economy
Minister of Industry, Mine and Trade Mohammad-Reza Nematzadeh has welcomed investments by Iranian expatriates in domestic industries, saying: “The manufacturing sectors can forge partnership with…
Economy
More than $17 billion worth of various goods, including home appliances, cosmetics, mobile phones and cigarettes, are smuggled into the country every year, head of the Central Taskforce to Combat…
Economy
Trade between Iran and Turkey stood slightly above $3.5 billion during the four months since a preferential trade agreement (PTA) came into effect in January 2015, which indicates a 17% decline…
Economy
A delegation from Slovakia left Iran on Saturday after a weeklong visit aimed at scoping out possible opportunities to develop bilateral trade ties in different areas, including glass design and…
Economy
BMW is recalling 420,661 US vehicles due to issues involving Takata airbags, US auto safety regulators said, Reuters reported.
BMW of North America said it is recalling 20 models from 2002…
Economy
Toyota Motor kept its title as the most valuable car brand in 2015 despite recent airbag recalls denting its worth, Auto News Europe reports, citing a new study.
BMW remained No. 2,…
Economy
