Economy

The biggest greenhouse in the south of Iran was launched on Thursday in Roudan County of Hormozgan Province, in a ceremony attended by Agriculture Minister Mahmoud Hojjati.

The greenhouse—…

Deputy head of Iran Chamber of Commerce, Industries, Mines and Agriculture, Pedram Soltani, has been elected to serve as a member of the General Council of the World Chambers Federation, which…

More than 360 cages have been set up in the Persian Gulf and the Sea of Oman in the south, and the Caspian Sea in the north, the agriculture minister said.

“We are planning to increase our…

Iran and Indonesia intend to reach $2 billion in bilateral trade next year, said Iran’s minister of communications and information technology. Mahmoud Vaezi was speaking at a joint economic forum…

Iran’s Minister of Communications and Information Technology Mahmoud Vaezi met Turkish Minister of Economy Nihat Zeybekci in Istanbul on Thursday to negotiate revision of a preferential trade…

The entire domestic demand for coated paper, amounting to 40,000 tons annually, is supplied by imports.

Foreign products also meet 70% of the domestic need for cardboard that stands at 300,…

Volkswagen AG has agreed to pay just over $200 million to offset emissions from about 80,000 3.0-liter diesel US vehicles, in a landmark payout for the German firm.

The agreement is…

Ssangyong Motors, one of the largest South Korea-based automobile manufacturers, announced that in the first 11 months of 2016 it sold 6,823 cars to Iran.

According to a statement released…

Production of six cars has been discontinued by local auto factories. All the vehicles were made in or imported from China. Modiran Vehicle Manufacturing (MVM) pulled the breaks on the family…

An Iranian firm is selling its latest CNG kit for the two-wheeler vehicles in the Indian city of Surat.  Officials from ITUK Manufacturing India Limited, a subsidiary of TUK Manufacturing…

Iran’s largest automaker, Iran Khodro, is planning to tender a 33.7% block of its voting shares in Bank Parsian, according to a letter sent by Kamran Ataei, the deputy head of IKCO, to the…

The research arm of the Iranian Parliament has published a first-of-its-kind report detailing six reasons why the Banking Reform Bill–a scheme for undertaking major reforms in the banking sector–…

The state commission for infrastructure-related affairs has approved the annual construction of 100,000 housing units for low-income groups in the framework of Social Housing Plan, announced the…

The Office of Vice President for Science and Technology Affairs will send the final version of “financial framework of knowledge-based economy” to the government by December 21, in which fintech…

Bank Melli Iran has launched an online platform that allows passengers to pay departure tax. According to Masoud Khatouni, director of CBI’s IT department, currently the platform can be used only…

Russia and Iran are exploring the establishment of an Islamic bank as the two countries expand economic cooperation, TASS news agency cited Russian Energy Minister Alexander Novak as saying.

The investment of industries in sports may seem like a perfect solution for the problems facing football clubs, but in Iran the policy outcome shows otherwise.

National football clubs,…

Iran imports around $141 million worth of furniture every year while exports are minimal, said the deputy minister of industries, mining and trade. Ali Yazdani made the statement at the Ninth…

Iranian airlines have expressed interest in buying Russian Sukhoi Superjet 100 passenger jets.

Iran exported close to 1.8 million tons of non-oil goods valued at $707 million to Japan during the eight months to November 20. The value of exports in last year’s corresponding period stood at…

Having produced nothing but halal food for a few decades, Iran has vast potential for exports, though it holds a negligible share in the massive international halal market.

The Iranian Mines & Mining Industries Development & Renovation has signed an accord with a German company for setting up a graphite electrodes plant in Yazd Province, central Iran.

The Fifth National Economic Development Plan (2011-15) stipulated that Iran should have become the first regional hub in cargo transportation and the second in passenger transport.

This…

The Iranian judiciary may spare the life of oil tycoon Babak Zanjani. This was a story that sparsely grabbed the headlines in the local media this week.

Tehran Stock Exchange’s main index inched down 57.60 points or 0.07% to end Wednesday trade at 80,683.6.

Over 965 million shares valued at $61.7 million changed hands for the day.

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