Economy

About 16,000 tons of agricultural products worth $12 million were exported from Lorestan Province during the first six months of the current Iranian year (started March 21), says the head of…

Volkswagen AG plans a shift in focus to more plug-in hybrids and electric vehicles, as the company adopts diesel technology it previously eschewed for smaller models.

Toyota, under new environmental targets, will be selling hardly any regular gasoline vehicles by 2050 and focus on only hybrids and fuel cells to radically reduce emissions. Toyota Motor Corp.

Iran's Minister of Industries, Mining and Trade Mohammad Reza Nematzadeh has urged Japan to act quickly, if the country wishes to invest in the country's automotive sector.

After the recent news of Japan's willingness to reengage in economic activity with Iran, Mitsubishi's local representative, Arian Motor Co. has announced a new version of the Mitsubishi Outlander…

Iran has been ranked the 11th biggest producer of wheat worldwide, accounting for 14 million tons of the world’s total of 734.8 million tons forecast to be produced by the end of 2015 harvest…

Kish Island handled more than 1.23 million tons of oil and non-oil goods during the first half of the current Iranian year (started March 21), says Mohammad Jahanshahi, the head of Kish Port and…

About 19 million tons of oil and non-oil goods were imported via land and sea borders during the first half of the current Iranian year (started March 21), indicating an 8% decrease compared to…

A 27-strong trade delegation from Indonesia is due to visit Tehran today to hold talks with top Iranian officials and explore avenues of cooperation in energy, electricity and petrochemical…

Minister of Economic Affairs and Finance Ali Tayyebnia, accompanied by his deputy and head of Investment, Economic and Technical Assistance Organization of Iran, Mohammad Khazaei, visited Brasilia…

A group of analysts met at the central bank’s Monetary and Banking Research Institute to examine the different dimensions of the draft regulations of the top bank now in its final phase, ISNA…

Head of the Central Bank of Iran has urged policymakers across continents to craft and promote economic policies that encourage equal opportunities for all regardless of gender, income levels and…

An extendable polystyrene factory, financed by Bank of Industry and Mine was launched during President Hassan Rouhani’s visit to Mazandaran Province. The BIM financed the project through loans…

The final report on insurance companies’ fraud cases will be sent to the Judiciary by the end of the month, head of the Majlis Insurance Investigation Commission said. Mohammad Reza Pourebrahimi,…

A 21-member delegation of Turkish investors visited Aras Free Trade and Industrial Zone on Monday to explore investment opportunities there.

Kish International Exhibitions Center will host the First International Exhibition of Gold, Jewelry, Silver, Gemstones and Related Industries dubbed “Kish Goldex” during November 3-6.

Iran Mercantile Exchange witnessed the offering of about 155,000 tons of bitumen on Tuesday.

As IME reported, the export trading board saw 77,000 tons of bitumen offered by Jey Oil Refining…

Iran’s nuclear deal, announced on July 14, allows Tehran to resume trade in the international energy market and regain access to an estimated $100 billion in frozen foreign assets.

The…

An oversupply resulting from excessive domestic manufacturing has led to a market glut, says head of Home Appliance Sellers Union, Mohammad Tarhanpour. The manufacturers, according to the official…

MTN-Irancell, Iran's second largest mobile network, has announced a new mobile phone application for offering mass discounts to select partner stores, according to a new release from the company…

A representative at PepsiCo has told the Fortune magazine that the company is making smartphones but will not be manufacturing the technology, rather it will team up with a licensing partner, like…

IRIB's recent announcement about issuing licenses for five companies to launch Internet Protocol Television by his respective organization sparked a series of reactions by other officials. …

Japan's Nippon Electric Company, one of the largest electrical firms in the East Asian country, has said it will enter the country's telecoms sector, according to a new report out this week.

An Iranian researcher has developed biodegradable and biocompatible nano-pesticides that kill pesticides without causing any environmental contamination. Narges Memarizadeh, the project’s director…

Twenty-eight Iranian companies participated in the Sixth International Panarmenian Expo 2015 held in Yerevan, Armenia, on October 8-11.