Economy

The Iranian steel market’s demand for flat products is being met through imports, as local producers operate below production capacity.

Stating the above, Seyyed Reza Shahrestani, a member…

Iran’s largest steel producer, Mobarakeh Steel Company, has bought a further 16.1% stake in Mines and Metals Development Investment Company from a semi-governmental retirement fund.

The Iranian Mines and Mining Industries Development and Renovation Organization is organizing a forum in Tehran on Monday to survey opportunities for cooperation between Iran and Latin American…

Tehran Stock Exchange’s benchmark pulled higher 73.00 points or 0.12% to reach 63,000.4 at the Saturday’s close.

More than 600 million shares changed hands valued at $29.6 million to record…

New-car sales in Russia rose 6.9% to 129,476 in March as the market’s rebound gathered momentum after four years of falling demand. Registration increased to 129,476, according to data from the…

The first batch of Renault’s new model of a luxury SUV, Koleos entered Iran over the weekend.

Negin Khodro, the official dealership of imported Renault vehicles in Iran, will sell the model…

Automotive giant Iran Khodro has imported several units of the S30 sedan produced by Chinese Dongfeng Motor Corporation, as part of a test drive.

IKCO first showcased the model painted in…

 The Industrial Development and Renovation Organization of Iran (IDRO) is establishing an auto production factory in Damghan city in Semnan Province.

The plant will be set up in…

Iranian-Chinese joint venture MG Pars has begun testing its new vehicle, the MG360 in Tabriz this week. The company will soon take pre-orders of the new sedan.

It will be priced at 530…

Economic relations between Iran and Japan will enter a new phase after a planned $10 billion credit line is opened, said a senior assistant to the dean of Asian Development Bank Institute in Japan…

Rents will not experience a significant increase this year, as the presidential elections on May 19 will give impetus to the beleaguered housing sector, the head of Tehran Association of…

Bank Sepah attracted deposits worth 650 trillion rials ($17.3 billion) in the last Iranian year (ended March 20, 2017), registering a growth of 29% compared with the previous year’s figure, the…

President Hassan Rouhani has been successful in focusing on small businesses as the volume of bank guarantees in their support has witnessed a significant rise, a report published by the Ministry…

During the first month of the new Iranian year to April 20, the lion's share of the banking system's business lending–at 70.7%–went to meet the working capital demands of enterprises.

Iran’s rail cargo transportation capacity has reached 156,000 tons per day in the current Iranian year (March 2017-18), up 56% compared with the previous year (March 2016-17), according to an…

Iran seems to have overcome challenges to procure rails and wagons to develop its ambitious plans in rail industry.

Minister of Roads and Urban Development Abbas Akhoundi said the…

New Zealand is about to resume shipments of lamb to Iran, after a gap of two decades.

On May 22, Wellington processor Taylor Preston will ship a modest 60 tons of frozen cuts to mark the…

Tehran Stock Exchange’s main index gained 158 points or 0.2% during the week that ended May 10 to close at 80,127.

IFX, the over-the-counter Iran Fara Bourse’s benchmark, lost 13 points or…

A delegation from Germany’s Saxony state is scheduled to visit Iran from May 16 to 21 to explore ways of initiating cooperation in the rail sector.

According to the Islamic Republic of Iran Customs Administration, 1,586 tons of bags and luggage worth $5.43 million were imported into the country in the last Iranian year (ended March 20, 2017…

A gathering of representatives of transportation companies of Iran and Armenia was held in Tehran Chamber of Commerce, Industries, Mines and Agriculture’s headquarters on Tuesday.

A…

Head of the Islamic Republic of Iran Customs Administration, Masoud Karbasian, has appointed Masoud Atefi as Iran’s permanent representative to World Customs Organization. Atefi earlier served as…

Major Iranian mining companies produced 28.02 million tons of mineral products during the one-month period ending April 20, indicating a 13% growth compared with last year’s similar period,…

A 500,000-rial ($13.3) rise in cash subsidy payments for each Iranian will result in a 6.4% increase in consumer price index the following year, pushing up the inflation rate from 11.2% to 17.6%…

Mobile Virtual Network Operator NeginTel, which operates under the brand name ApTel, signed an agreement on Thursday with Tabriz’s Tractor Sazi Football Club to release branded SIM cards called…