Economy

It is estimated that 4.5 million tons of citrus fruit will be produced in Iran in the current fiscal year that ends in March 2017, which would register a 10% rise compared to last year, according…

Iran’s iron ore sector has hit a rough patch as 90 iron ore mines out of a total of 190 have shut down in recent months, according to Ghadir Giafeh, the head of board of directors at Iron Ore…

The 25th Persian Handmade Carpet Grand Exhibition, which is considered the biggest event in its kind worldwide, opened on Monday in Tehran at the Permanent International Fairgrounds, Iran’s…

Azna Steel Complex in Lorestan Province is to resume operation after 14 years by November using new Chinese-made machinery and equipment, Lorestan’s Governor-General Houshang Bazvand has announced…

Iran Khodro Company will participate in Moscow Crocus Expo that will be held in the Russian capital from August 24 to September 4. The company will showcase three cars at the event, namely…

Iran’s Standards and Quality Inspection Company has released its latest report on auto after-sales services for the last Iranian year (ended March 19).

In order to monitor the…

Mercedes is finally getting into the electric car game, with plans to roll out a line of battery-powered offerings by the end of the year.

Whatever that means for the company’s future and…

A 30-member Russian delegation comprising representatives from public and private sectors will take part in a forum in Tehran dubbed "Long-Term Presence in the Russian Market". The forum is…

Iran’s 120 steel pipe and profile manufacturers with annual production capacity of 18.5 million tons are capable of meeting the infrastructure development needs of the Iraqi people, said the head…

The Iran Chamber of Commerce, Industries, Mines and Agriculture accepted its president’s resignation at a meeting on Sunday.

Kavir Damghan Steel Company is to employ the so-called Stelco-Lurgi/Republic Steel-National Lead (SL/RN) method to produce direct reduced iron.

The technology, which will be imported from…

Minister of Communications and Information Technology Mahmoud Vaezi has clarified the misunderstanding related to the activity, or lack thereof, of US-based multinational financial services…

The director of the National Tax Administration says the government’s tax revenues increased by 29% in the first four months of the current fiscal year that started in March compared to the same…

Kazakhstan and Iran will sign an agreement on cooperation in maritime traffic in the Caspian Sea, the press service of Kazakhstan’s Ministry of Investment and Development reported.

A parliamentary move obliging the government to eliminate the top three deciles of the population from the cash subsidy list would be an exercise in futility, experts and academia say.

The US Treasury Department Office of Foreign Assets Control “will soon” issue licenses to Airbus so that the French planemaker can sell aircraft to Iran, says deputy minister of roads and urban…

Some 260,000 tons of non-oil goods worth $123.6 million were exported to Armenia during the first four months of the current Iranian year (March 20-July 21), which shows a 188% rise compared to…

Sholeh Sanat Manufacturing and Engineering Company has manufactured two high-speed burners on par with international standards, announced Ayoub Adeli, the managing director of the company.…

Tehran Stock Exchange’s main index TEDPIX scored 3,152 points or 4.2% during the Iranian month of Mordad (July 22- August 21) to end at 78,086.4.

Over 16.6 billion shares valued at $1.3…

Tehran Stock Exchange’s main index gained 117.70 points or 0.15% to end Sunday trade at 78,086.4.

More than 756 million shares valued at $70.8 million changed hands for the day.

…

Thailand is trying to claim its share of the pie in the new climate following the opening up of Iran’s economy as a result of last year’s landmark nuclear deal by sending delegations and launching…

As Iran’s central bank is signaling it will loosen its grip on the rial to end a dual-exchange rate system, Bloomberg said in a report the measure will help attract foreign investment needed to…

The average cost of renting a house in Tehran stood at 230,330 rials ($6.5) per square meter in the first quarter of the fiscal year (March 20–June 20), marking a year-on-year growth of 12.1%.

The Iranian banking sector’s total loans doled out to businesses stood at 1.3 quadrillion rials ($41.9 billion) in the four Iranian months that ended July 20, marking a 37.8% growth compared with…

The 27th Islamic Banking Conference will be held in Tehran on August 30 with a focus on interaction of usury-free banking with international banking.

The two-day annual event will be…