As meat products have a special place in the basket of food products consumed by Iranian households, the domestic industry has been working hard to keep pace with demand.
So much so that…
Economy
Economy
Boeing’s planned multibillion-dollar aircraft sales to Iran are facing a growing backlash from Republicans in Washington, but one key politician has stayed silent: Donald Trump.
Economy
Tehran Stock Exchange’s main index lost 225 points or 0.28% to end Saturday trade at 80,921.2.
More than 567 million shares valued at $38.12 million changed hands for the day.
Sina…
Economy
More than 21,500 tons of watermelon worth 134.5 billion rials (about $3.6 million) were exported from Iran in the last fiscal year (ended March 20, 2017), registering a decline of 96% and 97% in…
Economy
More than 14,880 tons of goods were loaded and unloaded at Abadan Port in the southwestern Khuzestan Province in the last Iranian year (March 2016-17), registering a 3.4% rise compared to the…
Economy
Iran’s non-oil exports to Taiwan saw a 206% hike in the last fiscal year (March 2016-17) compared with the year before to stand at $551 million. The East Asian country became Iran’s 10th biggest…
Economy
As many as 649 Iranian expatriate scientists have returned to the country and carried on with their studies and careers over the past two years, said Ali Morteza Birang, an official with the…
Economy
The two-year-old law requiring economic entities affiliated to non-departmental public bodies to make their financial statements transparent will be put into effect in the current Iranian month (…
Economy
The Economy Ministry has predicted that the average inflation rate in the rolling year to the end of the current Iranian month (June 21) will rise above 10%.
This will follow 11…
Economy
Electric cars will soon be cheaper to buy than conventional gasoline models, offering immediate savings to drivers, new research shows.
Automakers from Renault to Tesla have long touted the…
Economy
Mercedes-Benz's ultra luxurious Maybach brand is back after several years of hiatus following the German carmaker's decision to restart production of the S500 and A600 models in 2015.
The…
Economy
Uncorroborated reports circulating on social media about "the possible departure of Peugeot from Iran" due to “pressures imposed by the US government on the French firm,” disrupted Tehran’s…
Economy
A local company importing BMW cars has received permits to bring in a new sedan, the BMW 530i, the latest of the luxury brand to enter the country in recent months.
Economy
Traffic Police has rewritten the rules for issuing new driving licenses for light motor vehicles, and the directive will be issued to driving schools in the near future.
The new bylaw will…
Economy
A court in Venice will hear a class action suit filed in Italy for damages against Volkswagen Group over its diesel-emissions cheating, an Italian consumer group said.
Consumer group…
Economy
The unexpectedly negative reaction of global markets to OPEC's decision on extending crude supply cuts into next year is temporary and prices will gain ground, says Iran's Oil Minister…
Economy
Governor of the Central Bank of Iran Valiollah Seif has confirmed the possibility of merging banks, saying it will help the financial statements of Iranian banks comply with international…
Economy
A number of positive factors in the housing sector heralds the end of the long-running recession and the beginning of a pre-boom phase in the key sector, the head of Tehran Association of Realtors…
Economy
The Iranian banking system will continue to support production and employment in the current fiscal year as it did last year, says the chief executive of Bank Melli Iran.”Even though it had been…
Economy
The lengthy saga of uncertified credit institutions and the drama surrounding them will come to an end by the end of the current fiscal year in March 2018, the Central Bank of Iran’s deputy for…
Economy
During the previous Iranian year (ended March 20, 2017), Bank Saderat Iran registered 74% growth in issuing foreign exchange guarantees and opening letters of credit, the bank’s CEO has announced…
Economy
As the Iranian banking system continues to grapple with the growing problem of sour loans, the governor of the Central Bank of Iran has urged lenders to direct the bulk of their efforts toward…
Economy
The US Treasury is reviewing licenses for Boeing and Airbus to sell aircraft to Iran, department head, Steven Mnuchin, said on Wednesday, telling lawmakers he would increase sanctions pressure on…
Economy
Iran and Syria signed an agreement in Damascus on Thursday to enhance economic cooperation.
A Syrian economic delegation led by Syrian Minister of Industry Ahmad al-Hamou is scheduled to…
Economy
The average goods and services Consumer Price Index for urban areas in the 12 months ending May 21, which marks the end of the Iranian month of Ordibehesht, reached 9.8% compared with last year’s…
Economy
