Economy

Iranian zinc smelting plants use only 150,000 tons of their 450,000-ton production capacity, the head of Iran Lead and Zinc Exporters Association said.

Iran Mercantile Exchange started listing saffron for trading using commodity-linked certificates of deposit in Khorasan Razavi Province on Sunday.

The first saffron trade transaction took…

There is no denying that a large portion of the Iranian economy, if not all of it, is steered by the government. 

And the private sector, touted as the voice of free market…

Some 160,000 tons of sweet almond valued at close to $1 billion are produced in Iran every year, of which 4,000 to 5,000 tons worth $25 million are exported to 26 countries, including Turkey,…

The Russian planemaker Sukhoi Civil Aircraft Company is trying to obtain a license from the US Treasury Department’s Office of Foreign Assets Control to sell its Super Jet 100 aircraft to Iran,…

Minister of Industries, Mining and Trade Mohammad Reza Nematzadeh arrived in the Iraqi capital on Monday to open the third exclusive exhibition of Iran in Baghdad International Fairground.

An economic delegation from South Korea is scheduled to arrive in Tehran on February 22, Iran Chamber of Commerce, Industries, Mines and Agriculture has announced on its news website.

Iran and Sweden signed a memorandum of understanding to boost road transportation in Tehran on Sunday.

Based on the MoU, the two sides have agreed to increase the number of transit trucks…

Around 1,000 workers have found employment overseas since the beginning of the current Iranian year (March 2016), according to Mohammad Akbarnia with the Ministry of Cooperatives, Labor and Social…

Hyundai Motor Group has hired a former General Motors (GM) researcher to oversee its center to develop fully autonomous vehicles, joining other automakers and Silicon Valley giants in accelerating…

Iran’s second largest automaker, SAIPA, along with its subsidiaries, namely Pars Khodro and part manufacturing divisions, is participating in the Baghdad International Automotive and Spare Parts…

Chief executives of PSA Group’s Citroen and SAIPA held a joint press conference at the weekend during which the French director said that Citroen is aiming to claim a 30% share of Iran’s auto…

A major leap has been reported in the consumption of automotive glass in the first nine months of the fiscal year (March-December 2016) due to the 39% increase auto production compared to the…

Around 31,200 tons of dried tea leaves were produced in Iran during the current Iranian year (started March 20, 2016), registering a 60% rise compared with last year, according to the head of Iran…

The fourth edition of Iran Automotive Industry International Conference opened Sunday morning in Tehran’s Milad Tower Conference Hall. 

The two-day event brought together major auto…

Empowering the Iranian banking system in terms of lending, capital buffer and bad debt recovery took center-stage at the latest major economic conference focused on investment and financing, which…

After a meeting with the Swedish Minister for European Affairs and Trade Anne Linde, Iran's Minister of Communications and Information Technology Mahmoud Vaezi announced that two Swedish banks…

The Central Bank of Iran will change the base year for calculating Iran’s economic growth in the third quarter, said Peyman Qorbani, CBI’s deputy for economic affairs on Saturday.

“CBI…

Iran's membership in Asian Infrastructure Investment Bank has strengthened the country's economic clout in the region, said the head of Economy Ministry's Department of Banking and Insurance…

The reform plan has reduced the cost of health care by 30% since its implementation in 2013, an Iranian parliamentarian said.

Ahmad Hemmati believes investment in medical equipment and the…

As per the sixth five-year development plan (2017-22), 30% of government revenues earned from value added tax will be used to shore up small- and medium-sized enterprises, according to the head of…

Iran’s 14 domestic airlines operated 17,796 flights during the Iranian month to January 19, 2017, of which close to 42% (7,471 flights) were delayed, data released by the Ministry of Roads and…

Kish Airlines is planning to buy four short-range planes by the end of the current Iranian year (March 20), according to CEO of the Iranian company.

“At present, 20 Iranian provinces have…

Economists have time and again warned about the dire financial conditions of pension funds in Iran and that they are likely to go under in the not-too-distant future.

The costs imposed by…

Iran’s two major coal producers extracted 1.32 million tons of coal and produced 482,150 tons of coal concentrate during the 10 months to January 19, registering a 15% and 23% growth in extraction…