Economy

Despite the fact that Iran’s food industry is mostly run by the private sector, all major decisions are made by the government, general-secretary of Iran Food Industries Associations said.

Iran has assured Pakistan of its full cooperation in the operation of ECO Container Train on Islamabad-Tehran-Istanbul route and has decided to reduce transshipment cost for the container train at…

The government hopes to sign 10 major oil and gas deals by the end of its fiscal year (March 20, 2018) after concluding a landmark deal with French energy firm Total to develop a gas project in…

Luxgen Motor Company, a small Taiwan-headquartered car firm, is set to bring two models to Iran.

According to the automotive website Persian Khodro, the Iranian company Arman Motor Kavir…

SAIPA auto company is to sign two joint production deals with East Asian automotive giants Nissan and Kia.

The two companies previously had a strong presence in Iran.   Kia…

Karmania Auto, the official distributor of China’s BYD in Iran, has announced it will begin selling the BYD Song crossover in the coming months.  The Song looks to take on the growing party…

Economy Minister Ali Tayyebnia has called on Bank Melli Iran, the nation's biggest lender, to be at the vanguard of much-needed reforms in the ailing banking sector by supporting businesses,…

Bank Saderat Iran is to provide its customers with a wide range of financial services under one roof with the establishment of a “financial supermarket” in the near future.

A 35-member delegation from Iran Chamber of Commerce, Industries, Mines and Agriculture led by the chamber's chief, Gholamhossein Shafei, have wrapped up a visit to Belgium and Luxembourg to…

Russian transportation vehicle manufacturing and engineering company Sinara Transport Machines will supply 17 locomotives to Iran in 2018, as part of a €24 million contract that has yet to be…

After five weeks of uninspiring performance, Tehran Stock Exchange and Iran Fara Bourse posted solid gains last week to stand at their respective one-month highs. Both markets recorded upticks for…

An analysis of the Ministry of Industries, Mining and Trade's data shows growth in the production of crude steel, finished steel products, iron ore, coal concentrate and sheet glass in the last…

Buying activity in the Iranian flat steel import market was limited last week as prices continued to increase, supported by the upward trend in the global market.

“I think prices cannot…

Iran is among the top wheat consumers in the world. Consumption per capita in the country is estimated at 167.6 kilograms per year, almost three times the global average of some 67 kilograms.

Cigarette consumption in Iran stands at 55 billion a year, of which 6 billion with an estimated value of 30 trillion rials ($800 million) are smuggled into the country, the head of Tobacco…

Iran has piqued financial interest throughout the world for its massive energy reserves, but the country actually has a host of other opportunities in less obvious areas, a global investor said.…

Exports to the member states of Eurasian Economic Union, namely Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia, will either be fully exempt from customs duty or enjoy a duty cut of up to 80…

A rail cargo route from Quetta in Pakistan to the city of Zahedan in eastern Iran will be launched soon as part of the Islamabad-Tehran-Istanbul rail route, Pakistan’s Minister of Railways…

Some 12.93 million tons of goods were loaded and unloaded in Iranian ports during the third month of the current fiscal year (May 22-June 21), registering a 1.5% increase compared with the…

The biggest privatization in Iran’s agriculture sector will be held on July 31. The government will auction 100% of its 3,182,307,000 shares in Moghan Agro-industrial and Animal Husbandry Company…

A memorandum of understanding was signed between Shanghai Elevator Trade Association Vice President ChunTao Li and the head of Iranian Syndicate of Elevators and Escalators Industries, Mohammad…

The Nigerian government and Iranian Embassy representatives in Abuja have voiced interest in  building a closer technology partnership.  Nigeria's minister of science and technology,…

RighTel, the third biggest mobile operator, is working hard to catch up with its main rivals, MTN-Irancell and Mobile Communication Company of Iran (MCI), in the Mobile Number Portability race,…

The Computer Emergency Response Coordination Center (MAHER), affiliated to the Telecoms Ministry, said new malware attacks have been reported on university servers across Iran.

The attacks…

Over the past several years, a team of roboticists at the University of Tehran has been working on increasingly large and complex life-size humanoids. For their latest project, however, the…