Economy

The Iranian steel industry’s path to its 2025 capacity expansion goals has proven to be a bumpy one, with new challenges surfacing every year.

Domestic steelmakers aim to increase crude…

Iranian firms have the capacity to provide up to 70% of equipment needed by South Pars Phase 11, which is due to be developed by France’s Total and its partners, chairman of the board of…

Iran is estimated to produce more than 10 million tons of wheat in the next fiscal year (starting March 21).

As a result, Iran will remain self-sufficient in wheat production for the…

Iran is the world’s 10th biggest producer of flower and plants, though the country has only a 0.3% share in global export markets, making it the 107th flower exporter, the head of Iran’s Flowers…

Iran produced a record high of 8 million tons of sugarbeet in the current Iranian year (ends March 20), the executive of the Ministry of Agriculture’s so-called Sugarbeet and Sugar Project…

Tehran is hosting a spring fair for the direct supply of domestically-produced goods at Tehran’s Grand Mosalla.

The event opened on Wednesday and will run for 10 days, IRNA reported.

A total of 16,756 public complaints were filed against goods and service providers with the industries, mining and trade organizations of Iranian provinces during the 10th Iranian month (started…

Minister of Industries, Mining and Trade Mohammad Shariatmadari has put forth the idea of granting duty exemption to the imports of raw materials for essential goods transported by international…

The BMW X4 will receive two new, more powerful engines when the redesigned compact crossover goes on sale in July. In addition to the new engines, the second-generation X4 moves to a new…

Uber Technologies Inc. had a painful 2017, but the business managed to grow. Adjusted net revenue last quarter increased 61% to $2.22 billion from the same period in 2016.

Meanwhile, the…

Iran’s Court of Administrative Justice issued a verdict last week temporarily demanding suspension of the newest government directive which pushed up car tariffs up to 65%. On Monday the…

The Fifth Iran Automotive Industry International Conference opened Tuesday at the iconic Milad Tower in north Tehran. Managing directors from French automotive companies PSA Group and Renault…

Iran’s per capita chicken consumption has gone up from last year’s 26 kilograms to 28 kilograms at present.

Deputy Agriculture Minister Hassan Rokni added that 2.25 million tons of…

The International Exhibition of Agriculture, also known as ‘Iran Agri Show 2018’, is scheduled to be held at Tehran International Fairground from Feb. 24 to 27, the head of the Ministry of…

The third meeting of Iran-Afghanistan Economic Commission will be held in Tehran in March, Afghanistan’s Chamber of Commerce and Industries announced.

Non-oil exports from the southwestern Khuzestan Province during the first 10 months of the current Iranian year (started March 21, 2017) stood at 15.4 million tons worth 197.7 trillion rials ($5…

Renowned Iranian economist Fereydoun Tafazzoli, professor of economy at Tehran’s Shaid Beheshti University, passed away in Canada on Monday.

Iran exported $6 million worth of goods to Nigeria during the first 10 months of the current Iranian year (March 21, 2017-Jan. 20), registering a 55% increase compared with the corresponding…

Lawmakers on Tuesday passed a number of measures related to the banking system and the National Development Fund of Iran while reviewing articles of the fiscal 2018-19 budget.

Minister of Communications and Information Technology Mohammad Javad Azari Jahromi said an agreement has been reached about what method should be employed to ensure bank card information safety…

Islamic Financial Services Board, the international body setting standards and offering guidance for Islamic banking and finance, has a new director at its helm.

Dr. Bello Lawal Danbatt…

All executive bodies, including the three main branches of government, will be barred from receiving bank interests during the next fiscal year that begins on March 21.

The US dollar's bull run in Tehran's foreign exchange market continues unabated, with rial plumbing new lows against the greenback.

Reports from the market on Tuesday indicated that rial…

Works by a large number of renowned Iranian artists including Sohrab Sepehri, Bahman Mohasses, Koorosh Shishegaran, Monir Farmanfarmaian, Parviz Tanavoli, Hussein Zenderoudi, Farhad Moshiri and…

Tehran Stock Exchange’s main index gained 178.66 points or 0.18% to end Tuesday trade at 98,103.4.

About 1.36 billion shares valued at $51.5 million changed hands at TSE for the day.…