Economy

Track-laying for a railroad connecting the western provincial capital of Kermanshah to Iran’s national rail network will become operational in early August. The Forouzan-Kermanshah route is the…

Since the end of the Iran-Iraq War in 1988, Iran’s development policies and investment plans have been formulated in five-year plans, with the first one starting in 1989 and the Iranian government…

Arya Diesel Motor, a dealer of Renault Trucks in Iran, has unveiled a new heavy-duty truck manufactured by the French company. During a ceremony this week, Arya Diesel officials presented Renault…

A delegation from Sernauto, the Spanish Automotive Equipment and Components Manufacturers Association is in Tehran to find new partners.

Sernauto officials visited the headquarters of Iran…

Leading car producer, Iran Khodro, has launched a new version of its car buying portal after the previous site went offline in recent weeks.

The new site called esale.ikco.ir allows users…

Toyota Motor Corp is likely to begin mass production of electric vehicles (EVs) in China as early as 2019, the Asahi daily reported on Saturday.

The model will be based on the C-HR –…

Audi is considering dismissing four management board members as a warning to CEO Rupert Stadler, following leaked information that the company knew it was cheating on emissions tests.

The 23nd International Exhibition of Electronics, Computer and E-Commerce, also known as Elecomp 2017, opened at Tehran’s International Permanent Fairgrounds on Friday and will run till Monday.

Shaparak, Iran’s nationwide payment network, processed 1.288 billion transactions during the month ending June 21, marking a 34% growth, compared with the same period of last year.

…

To improve the speed and precision of customs’ banking affairs, Bank Melli Iran and the Islamic Republic of Iran Customs Administration are to launch an online payment system.

In order to protect the interests of banks and credit institutions' depositors and shareholders, and maintain the stability and health of banking system, the Central Bank of Iran has set a number…

An Indonesian bank is set to open a $200-milion credit line for Iranian and Indonesian businesses and start working with 10 Iranian banks, Indonesia’s ambassador to Iran announced during a visit…

Tehran Stock Exchange’s main index gained 426.83 points or 0.54% to end Wednesday trade at 80,162.50.

About 1.1 billion shares valued at $72.19 million changed hands for the day.

…

After a five-month hiatus, an initial public offering made its return to the Iranian equity market on Tuesday.

Experts believe this might just be the time, as stocks have stabilized after a…

Tehran Stock Exchange’s main index TEDPIX gained 653 points or 0.8% during the week that ended June 19 to close at 80,162.5.

The smaller over-the-counter Iran Fara Bourse’s benchmark, IFX,…

Khouzestan Oxin Steel Company is producing wear-resistant steel for the first time in Iran, the company’s managing director announced. “Our estimates show that the country annually needs 60,000…

Iranian steel mills produced 9.947 million tons of steel during the first half of 2017, registering a 13.7% growth compared with last year’s corresponding period, the latest report released by…

Shahid Rajaee Port in the southern Hormozgan Province accounted for around 60% of all Iranian port activities last year (March 2016-17), the managing director of Ports and Maritime Organization of…

As part of the discount Iran received from Airbus in its order for 100 planes, an A320 comes free. This was announced by deputy minister of roads and urban development, Asghar Fakhrieh-Kashan, in…

Khorasan Razavi and the Republic of Tatarstan signed a memorandum of understanding in the city of Kazan in Tatarstan on Wednesday to expand bilateral economic cooperation in a wide range of fields…

Over 29 trillion rials ($767 million) were invested in Iranian mines during the fiscal 2015-16, registering a 48% increase compared to the year before, the Statistical Center of Iran’s latest…

China is financing the under-construction Tehran-Qom-Isfahan high-speed railroad project, director general of Isfahan Province Governorate’s Technical Office said.

“Foreign financing of the…

Iran will launch a railroad to Afghanistan in three weeks, an official with the Islamic Republic of Iran Railways said.

"The railroad runs 30 kilometers in the Afghan soil from the border…

Women will hold 30% of executive positions and top officials will become eight years younger by the end of the Sixth Five-Year Economic Development Plan (2017-22), Vice President Es’haq Jahangiri…

A new website called Chetor.com (meaning ‘how to’) was launched earlier this month with the aim of giving incentives and training in a range of business studies.

The website, developed…