Economy

Despite the Interior Ministry’s announcement last week that Parvizkhan border crossing in the western Kermanshah Province will be reopened within 48 hours, this frontier with Iraq’s Kurdish…

Sefid-Dasht Steel Complex produced 291,269 tons of direct-reduced iron during the eight months since the beginning of the current fiscal year (Oct. 23-Nov. 21), indicating a 250% upsurge year-on…

Iranian container ports handled 2.14 million TEUs during the first nine months of the current Iranian year (March-December 2017), registering a 7% growth compared with last year's corresponding…

The export price index stood at 275.9 in the eighth Iranian month of Aban (Oct. 23-Nov. 21), registering a 5.7% increase compared with the preceding month and a 26.4% rise compared to last year’…

The goods and services Consumer Price Index in the 12-month period ending Dec. 21, which marks the end of the Iranian month of Azar, increased by 8% compared with last year’s corresponding…

Iran’s small- and medium-sized enterprises attracted some $2 billion worth of foreign investments during the first 100 days of President Hassan Rouhani’s second term, Minister of Industries,…

The Second National Exhibition of Metallurgy (steel, casting & related machinery) opened on Saturday in Ahvaz International Permanent Fairground with the participation of 50 domestic…

About 66,650 tons of fruit and vegetables worth 155.8 billion rials ($3.72 million) were exported from Alborz Province during the six months to Sept. 22, the head of Alborz Agricultural Jihad…

Trade between Iran and European Union member states stood at €1.85 billion in October, registering a 54% rise compared with last year’s similar period, according to the latest report released by…

The customs bodies of Azerbaijan and Iran will prepare a plan in the framework of cooperation to combat customs offenses, the State Customs Committee of Azerbaijan said.

Iran Khodro Diesel, a local truck-maker and a subsidiary of Iran Khodro Company, has launched the assembly line for two Hyundai trucks.

IKD and the South Korean firm signed a deal in…

A former Volkswagen executive has been sentenced to seven years in prison and a $400,000 fine, after admitting he helped the firm evade clean-air laws. Oliver Schmidt, 48, is the second person…

Although some called for allowing moneychangers to deal in virtual currencies, especially the ubiquitous Bitcoin, all Iranian bureaux de changes are currently prohibited from engaging in deals…

The volume of electronic payment transactions during the second half of the previous Iranian fiscal to March 20, 2017 has exceeded the figure of gross domestic product.

As the Iranian month of Azar ended on Dec. 21, the currency market drew the curtain on one of its most eventful months of the year. During the month–a time when most foreign exchange settlements…

Vice Governor of the Central Bank of Iran Akbar Komijani reviewed the latest developments in the Iranian economy, saying that the administration plans to curb the inflation rate even further.

Iraq is a market full of challenges, but a golden one, the head of Iran-Iraq Chamber of Commerce and a member of the Board of Directors at Tehran Chamber of Commerce, Industries, Mines and…

Iran Air is expected to take delivery of two more ATR planes by the end of December. 

The twin-engine turboprop, short-haul regional airliners are currently operating test flights…

Tehran Stock Exchange’s main index TEDPIX gained 6,816 points or 7.5% during the ninth month of the current fiscal year, Azar (Nov. 22-Dec. 21) to end at 95,508.6.

The benchmark index of…

The idea that China, Pakistan and Iran should develop an economic nexus seems to be gaining momentum. This is evident from the emerging consensus among the three countries and their civil…

Afghanistan, Pakistan, Iraq, Turkey and Russia were the main export destinations for Iranian fruit juice and concentrates in the last Iranian year (March 2016-17).

Instead of expanding roads and highways in Iran’s metropolitan areas, there has to be an increase in the cost of utilizing the existing roads, tunnels, highways and parking spaces.

The Astara (Iran)–Astara (Azerbaijan) Railroad connecting the two countries’ rail networks is scheduled to be launched soon.

Director general of International Affairs Office with the…

More than 1.96 million tons of oil and non-oil products were loaded and unloaded in Kish Port in the south of Iran during the eight months to Nov. 21, registering a 47% increase compared with…

Iran is in talks with India’s Ministry of Commerce and Industry to purchase 250 diesel locomotives, Chairman of the Islamic Republic of Iran Railways said.