Economy

Iran’s Mobarakeh Steel Company boosted sales by 18.21% to 6.2 million tons in the last Iranian year (ended March 20, 2017), according to a Monday filing in Tehran Stock Exchange. The sales total…

Iranian steel mills produced 8.159 million tons of crude steel in the five months to June 2017, registering a 13.1% growth year-on-year compared with last year’s corresponding period, according to…

The promotion of domestic apparel is tied with preparing the cultural ground among consumers. In addition, offering good clothing quality and variety is indispensable to build trust.

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About 1,500 tons of eggs have been exported to Afghanistan since April 2, the secretary-general of Iran’s Association of Producers of Egg-Laying Hen said.

Construction work on a 140-kilometer railroad in Khuzestan Province will start as soon as next month, the southern province’s governor general, Gholamreza Shariati, has announced. The new 3-…

The import of secondhand mining and road construction machinery by well-known international brands are permitted until the end of the current Iranian year (March 20, 2018) provided they are not…

Islamic Republic of Iran Railways has signed a deal with Esfahan Steel Company for the transportation of ESCO’s products to the southern port of Shahid Rajaee.  Seyyed Morteza Aliahmadi, an…

Mahan Air’s direct Tehran-Barcelona flight begins on Thursday following a ceremony attended by officials from the two countries, Mahan Air’s marketing manager and head of Europe Operations said.…

Kia has unveiled the all-new Stonic mini-crossover as the brand aims to rival Nissan and other SUVs as more manufacturers jump onto the bandwagon of mini-crossovers.

The Stonic – a new…

Volvo will challenge Tesla Motors and BMW’s i sub-brand by turning its Polestar unit into a global stand-alone brand for high-performance electrified models.

“With Polestar, we are able to…

An Armenian licensed Cadillac Limousine was spotted by Financial Tribune in central Tehran, in a rare sign of American cars making a comeback. Cadillac used to be produced in Iran before the 1979…

Pars Khodro, a subsidiary of the second biggest domestic auto producer SAIPA, started the Ramadan feast sale of its latest Chinese-derived Brilliance models on Wednesday.

Two models from…

Irtoya, an unofficial dealership of Japan’s Toyota in Iran, has started presale of the recently launched Lexus crossover model without announcing the final price.

The dealership launched…

Tejarat Bank, a major Iranian lender, is to open a branch in Norway as banking ties with the Scandinavian country gathers pace, announced the Second Secretary for Economic Affairs with the Royal…

The agreement reached by two Iranian state-owned financial entities and a Cuban bank last year to restructure the Caribbean island’s debt has borne fruit, with Iran having received €6 million of…

Iranian banks doled out loans worth 569.7 trillion rials ($15.1 billion) to economic sectors during the first two months of the new Iranian year (ended May 21), registering a growth of 16%…

The Asian Infrastructure Investment Bank is ready to finalize the assessment report on projects introduced by Iran to the China-based lender to receive funding, AIIB’s deputies announced.

Iran’s biggest bank managed to reduce its ratio of non-performing loans to total loans in the last Iranian year (ended March 20, 2017). According to a statement published on its official news…

The Islamic Republic of Iran Railways plans to run 236 trains on a daily basis in the peak tourist season in Iran (from June 22-Oct. 2), the deputy head of the company, Mir Hassan Mousavi, said on…

Nine piers have been built on Iran’s southern coastlines along the Sea of Oman at Chabahar Port, which will be inaugurated within two months, Mohammad Saeed Arbabi, an official with Ports and…

The government of President Hassan Rouhani has invested 33.81 trillion rials ($901.68 million) in the industries of Khorasan Razavi Province, 8.5% more than what the previous government invested,…

Iran-Brazil Chamber of Commerce will convene in Tehran on July 9. Chairman of Iran Chamber of Commerce, Industries, Mines and Agriculture Gholamhossein Shafeie made the announcement in a meeting…

A comparative study conducted by Tehran Chamber of Commerce, Industries, Mines and Agriculture on Iran’s foreign direct investment situation and that of 20 countries indicates the Islamic Republic…

Although the first Indian vessel, which set out from the country’s Kandla Port, has already berthed at Iran’s Chabahar, Indians have not worked fast enough to develop the Iranian oceanic port.…

Iran’s major phosphate producer, Esfordi Phosphate Industrial & Mineral Complex, generated 11,223 tons of phosphate during the first two months of the current fiscal year (March 21-May 21),…