Economy

Iran’s budget deficit for the 11 months of the last Iranian year (March 20-Feb. 18, 2016) stood at 232.9 trillion rials ($6.2 billion), showing a 23% decline compared with the similar period of a…

Iran’s largest steel producer, Mobarakeh Steel Company, has completed the installation of a new 5 million-ton/year iron ore pelletizing plant in Sangan, northeastern Iran.

It is also…

Domestic production accounts for about 40% of tire and motor oil demand in Iran.

To help meet this demand for such products, the country relies on imports from China, Thailand, Taiwan,…

Volkswagen reported a 28% jump in first-quarter operating profit, helped by a return to earnings growth at its core VW brand which has struggled to recover from the German carmaker’s diesel…

In the last month of the last Iranian year (ended March 20), carmakers recorded significant year-on-year growth in production, according to the latest statistics. According to ISNA, Iran Khodro,…

Tehran Chamber of Commerce, Industries, Mines and Agriculture–the country's biggest private-sector assembly–issued a business manifesto on Tuesday, outlining the Iranian private sector's…

Iran’s inflation rate is unlikely to go beyond 11% during the current fiscal year that started on March 21, the vice governor of the Central Bank of Iran said.

By the end of the previous Iranian year (ended March 20), about 22,500 billion rials ($0.6 billion) were allocated to the banking system to waive late payment penalties and they will receive a…

While 14 years have passed since the last time the law on checks was reformed in Iran, the head of Central Bank of Iran’s Information Technology Department announced that the law is to be amended…

The Financial-Economic Databank and Iran's Economic Data Monitoring website, which is the first of its kind, were unveiled on Tuesday, with Economy Minister Ali Tayyebnia and his deputies in…

Around 189,400 tons of agricultural and dairy products worth $312.7 million were exported from the northern province of Mazandaran in the last Iranian year (March 2016-17), registering a 4.9% and…

With nominations now closed for the May 19 presidential election in Iran, the likely shape of the contest is beginning to emerge.

Economic issues are likely to be the main sparring ground…

An Iranian delegation consisting of 20 Iranian businessmen, including President of Iran Chamber of Commerce, Industries, Mines and Agriculture Gholamhossein Shafei, is in Vietnam on a trade…

A 20-member commercial delegation from South Africa’s Ministry of Trade and Industry and Department of Trade and Industry are scheduled to visit Iran next month. This was announced by the economic…

Panasonic, a global Japanese technology firm, has announced the appointment of its new Managing Director Hiroki Soejima, for the Middle East region.

The new director took charge on April 2…

Tehran Stock Exchange’s main index gained 92.30 points or 0.12% to end Tuesday trade at 78,339.8.

More than 1 million shares valued at $96 million changed hands for the day.

Takceram…

Hormoz Pasargad Bitumen Products Company, Iran’s biggest producer of the asphalt material used to pave roads, plans to boost output by 15% in the next two years, with all of the increased supply…

After a year of back and forth between government officials and industry players, no changes were made in export duties for iron ore despite previous announcements.

The government’s U-…

Slovenian telecommunications equipment manufacturer Iskratel has won contracts worth €36 million in Iran. The manufacturer has signed two contracts with the Telecommunications Company of Iran,…

More than 172 tons of saffron worth $246.7 million were exported to 47 countries, including the US, in the last Iranian year that ended March 20, the president of Iran’s National Saffron Center…

Tehran will host the Sixth International Innovation and Technology Exhibition (INOTEX 2017) in May. Organizers say the event is scheduled for May 23-26 at Tehran’s International Fairgrounds in the…

Telegram messenger, the most popular communications app in Iran, voice calling service has been blocked by judicial order.

According to local technology news website, Zoomit.ir, the service…

US MIT researchers have developed a way to make extremely high-resolution images of tissue samples, at a fraction of the cost of other techniques that offer similar resolution.

The new…

Sharif University of Technology in Tehran hosted the second Innovative UAV Design Competition on April 15 and 16 with dozens of flying machines displayed by students.

According to a report…

Iran Chamber of Guilds announced earlier this month that more than 200,000 small- and medium-sized enterprises were founded in the country during the Iranian year that ended March 20, 2017,…