Economy

About 500,000 tons of wheat from a total of more than 1 million tons offered on Iran Mercantile Exchange have been bought by producers and factory owners. 

Sapra Motor, a newly launched auto dealership, has announced that it will be the distributer of models of German-based Opel in Iran.

France’s PSA Group agreed to buy Opel from General…

Britain’s biggest automaker, Jaguar Land Rover, is drawing up plans to hire an extra 5,000 engineers and technical staff in the next year, Reuters reported citing the Sunday Telegraph.

The…

Ramak Khodro, the official retailer of South Korean SsangYong Motor in Iran, has announced the presale of the latest version of Korando mini-SUV, saying it would start soon.

According to…

Iran Khodro CEO Hashem Yekezare says three new vehicles produced by the firm will be available in the market in the next few days.

The presale of the new models, namely Peugeot 2008, Tondar…

Negin Khodro, the official importer of Renault cars in Iran, has announced it will replace its Fluence sedan model with the latest version of the Megane in the coming months.

Italian oil and gas giant Eni is expected to sign a memorandum of understanding with the National Iranian Oil Company on Tuesday to study two Iranian oil and gas fields.

Tehran Stock Exchange’s total market capitalization grew 88.6% during the five years to March 2017 to reach 3.32 quadrillion rials ($88.96 billion).  The market’s total trade volume and…

Emami gold coin kept surging in Tehran’s market on Sunday after registering a three-month record high the day before.

According to Tehran Gold and Jewelry Union’s website, the coin gained…

With around 54% of Central and West Asia's paddy fields located in Iran, the country accounts for 61% of the regions' combined rice production, the Central and West Asia Rice Center said.

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More than 10,600 tons of different kinds of dates worth 373 billion rials (approx. $10 million) were exported from Iran during the first month of the current fiscal year (March 21-April 20),…

Iran and the Food and Agriculture Organization of the United Nations will carry out their first joint program on soybean cultivation in the city of Safiabad in the southern Khuzestan Province’s…

Iran Chamber of Commerce, Industries, Mines and Agriculture plans to hold online courses on the rules of World Trade Organization from July 1 to August 1.

The National Development Fund of Iran has $91 billion in reserves, Mohammad Hosseini, who also represents the parliament on the NDFI governing board, said. The NDFI is Iran’s sovereign wealth fund…

Bank Melli Iran's loan-to-deposit ratio is now 90%, which is considered acceptable, the CEO of the bank has said. "BMI adheres to the principles of financial and credit ratios emphasized by the…

Since Iran’s nuclear accord with world powers–officially known as the Joint Comprehensive Plan of Action–was implemented on January 16, 2016, the country has engaged in negotiations to attract…

Tehran Stock Exchange’s main index lost 294.60 points or 0.37% to end Sunday trade at 78,990.4.

Trading at TSE and Iran Fara Bourse starts on Saturday and ends on Wednesday.

About…

Iranian pharmaceutical company Behestan Tolid has wrapped up partnership negotiations with Merck Sharp & Dohme and is waiting for the Health Ministry’s go-ahead to start licensed production, a…

Sarcheshmeh Copper Investment Company was listed on the over-the-counter Iran Fara Bourse’s Second Market on Sunday. The 2-trillion-rial ($52.63 million) market cap investment company is a…

The Minister of Information and Communication Technology Mahmoud Vaezi voiced Iran’s readiness to export technical and engineering services related to information and communications technologies…

Director of the ICT Guild Organization Naser-Ali Sa’adat, has criticized a move by the Ministry of Industries, Mining and Trade to establish a specialized guild for online businesses, calling it…

Elon Musk’s Tesla Company has won a contract with Australia’s Transgrid to supply power-packing energy storage devices across several cities in New South Wales, in the first deal of its kind for…

Snapp, Iran’s biggest ride-hailing app, is aiming to expand its market by launching a motorbike delivery service in Tehran.

Dubbed “Snapp Box” the company is set to compete with other…

Twitter suspended several Arabic language Twitter accounts of Qatar’s news channel Al Jazeera on Saturday, following a so-called cyber attack on the website, Kurdish news agency Rudaw reported.

The construction of Phase 2 of the Tehran-North Freeway, connecting the capital to Chalus in Mazandaran Province, was officially launched on Saturday in the presence of first Vice President Es’haq…