Economy

Out of 340 trillion rials ($7.9 billion) allocated to capital expenditure in the budget law for last year (ended March 20, 2017), less than 100 trillion rials ($2.32 billion) or 29.4% were…

About 230 million ornamental fish were produced in Iran in the last Iranian year (ended March 20, 2017), of which 66 million worth $2.2 million were exported, registering a twofold increase…

The city of Tabriz in East Azarbaijan Province accounts for 35% of Iran’s hand-woven carpet production, the chairman of Tabriz Handmade Carpet Producers Association said.

Esmaeil Chamani…

During the ninth month of the current Iranian year (Nov. 22-Dec. 21), 358 cooperatives with an initial investment of 77 billion rials ($1.74 million) were founded in Iran, registering a 51%…

Dilapidated trucks of over 50 years will be prohibited from plying on Iranian roads as of the beginning of the next fiscal year (March 21), the chairman of the Islamic Republic of Iran Road…

Home appliance prices have increased by about 5% compared with a month ago, a spokesman of the Home Appliances Manufacturers Union said.

Iran’s auto sector has notched up its ninth consecutive month of growth with Ministry of Industries reporting that 1,103,631 cars and heavy duty vehicles were produced in the country during the…

India overtook Germany last year to become the world’s fourth-largest auto market in another sign of emerging countries’ growing importance to the industry.

According to data released by…

The fourth International Exhibition of Iran Ridex, the country’s leading exhibition of motorcycles, bicycles, scooters, skates, jet ski and related industries and equipment will be held January…

The first phase of the development of Chabahar Port has been completed and is expected to energize Iran’s economy and provide India with a gateway for overland access to Afghanistan and the…

Iran's Esfahan Steel Company is ready to ship its first rebar cargo to the UK, a company source told S&P Global Platts.

The deal for 5,000 tons at $505/ton FOB southern port was…

Khorasan Steel Company set a monthly record in iron pellet procurement, as it received 213,643 tons of the material during the first ninth months of the current fiscal year (Nov. 22-Dec. 21),…

Iran exported some 22,300 tons of sanitaryware worth $15 million during the eight months to Nov. 21, 2017, the Ministry of Industries, Mining and Trade announced.

Last year’s (March 2016…

Tehran Stock Exchange’s main index TEDPIX gained 257 points or 0.3% in the past trading week that ended Jan. 10 to close at 97,899.2.

The main index of the smaller over-the-counter…

Close to $2 billion worth of foodstuff were exported from Iran during the eight months to Nov. 21, 2017, registering a 20% increase compared with the similar period of last year, the director…

About 9.4 million checks worth about 625 trillion rials ($14.2 billion) were transacted in Azar, the ninth Iranian month ending Dec. 21, of which more than 1.4 million checks worth about 135…

Statistics published by the Central Bank of Iran show that in the first half of the current Iranian year to Sept. 22, banks and credit institutions –mostly privatized lenders–loaned 13.55…

Major Iranian mining companies produced 258.13 million tons of mineral products in the first nine months of the current fiscal year (March 21-Dec. 21, 2017), registering a 15.3% growth compared…

As per the budget bill of the next fiscal year (starting March 21), the government will allocate a total of 3,270 trillion rials ($76 billion) to create more than 1.03 million jobs, the…

Turkey has completed more than half of a 144-km wall on its border with Iran and will finish it next spring, the Housing Development Administration of Turkey (TOKI) has stated. “We started this…

Officials from Iran and Azerbaijan will hold the 12th meeting of the joint economic commission of the two countries on Jan. 15-16 in Tehran, a diplomatic source told Trend News Agency.…

Chabahar Port offers a win-win situation for Iran and India, Indian Shipping Minister Nitin Gadkari said, adding that the port would be a growth engine for India as it opened up an alternate…

The agenda of the 14th meeting of the Belarusian-Iranian commission on economic cooperation, which is due to be held in Tehran late January, was discussed between Ambassador Extraordinary and…

A new startup named ‘Tazeh Paz’ (cook fresh) has been launched in Tehran which helps people learn how to cook new recipes without much hassle.

The startup operates through the website…

The US House of Representatives on Thursday passed a bill to renew the National Security Agency’s warrantless Internet surveillance program.