Economy

Iran’s half-a-century distribution industry generates 8% of Iran’s gross domestic product, the secretary-general of the Association of Iranian Distribution Industry said.

Hot- and cold-rolled coil import prices in Iran were largely unchanged in the week ending Nov. 22 on limited buying activity.

Customers were held back by the lack of vessels at the…

Minister of Industries, Mining and Trade Mohammad Shariatmadari appointed Sadeq Najafi to replace Ali Yazdani as his deputy and chairman of Iran’s Small Industries and Industrial Parks…

As part of its roadmap until the end of the second term of President Hassan Rouhani in the fiscal 2021-22, which will coincide with the turn of the Iranian century, Bank Maskan—the agent bank of…

 Bank Melli Iran, through its affiliate Bank Kargoshaee, has launched a three-day auction to deflate the gold coin bubble in Tehran's market.

According to domestic gold market…

The government’s proposal for a trilateral swap deal involving the state, private contractors and banks has been met positively by the private sector whose chief  executive said it will…

The Social Security Organization has moved to block all accounts belonging to Tehran Municipality after the urban administration failed to clear its debts dating back to at least two years ago…

Cheap fuel prices in Iran, costing less than 10% of the global average, are the main reason for the popularity of road transportation, which is responsible for the excessively high number of…

A recent regulation introduced by the Supreme Administrative Council prohibits the promotion of employees with more than 25 years of experience or those over 55 years to management posts.

There seems to be no end in sight to Mobarakeh Steel Company’s expansive domination in the Iranian steel industry, as the country’s largest steelmaker has announced plans to buy a stake in Iran’…

Iranian steel billet has been quietly gaining acceptance in the global market, because of its attractive prices compared to material from other suppliers.

In the first half of the…

Some 2.2 million tons of bitumen worth $410 million were exported from Iran during the seven months to Oct. 22, registering a 17% rise in weight and 6% fall in value compared with the similar…

Qatar is seeking to increase bilateral trade with Iran, said the Qatari Minister of Economy Ahmed bin Jassim Al Thani in a meeting with Iranian Minister of Industries, Mining and Trade Mohammad…

Nissan Motor Co, an early mover in the electric vehicle market, will use the Los Angeles auto show next week to send a message about gasoline-fueled engines: They are not dead yet.

With one eye on accelerating demand for electric vehicles, BMW AG said it is talking to suppliers of cobalt and other battery materials amid fears that stocks will run short and push already…

The second round of Tehran International Auto Show will open on Nov. 27. The five-day event will be held at the new Shahr Aftab (Sun City) exhibition center in south Tehran. Large numbers of…

Iran's tanker shipping company plans to expand cooperation with Norwegian suppliers of parts for oil tankers while pushing for measures to align with global environmental standards, head of the…

The share of life insurance in the overall portfolio of the Iranian insurance industry is meager, a fact that a board member of Middle East Insurance Company, which specializes in life insurance…

Any attempt by Iranian banking system to receive fees for providing services to government-owned accounts lacks any legality, according to a letter forwarded by the Department of Financial…

Iran’s High Council of Cyberspace, one of the main entities deciding the fate of virtual currencies in Iran, has welcomed the idea of Bitcoin and other cryptocurrencies if they are harnessed by…

 After gold coin’s continued rally in the past month, which pushed its value to the highest level in nearly six years in Tehran’s market on Monday, the yellow metal’s surge lost momentum…

Switzerland’s industrial production and turnover increased notably in the third quarter, the federal statistical office reported Friday, RTTNews reported. Industrial production grew 8.6% year-on…

Iran exported 298,204 tons of non-oil commodities worth $143.46 million to Russia during the seven months to Oct. 22, registering a 96.32% and 63.21% growth in volume and value respectively…

Close to 680 tons of toothbrush worth more than 399 billion rials (around $12 million) were imported into Iran during the seven months to Oct. 22, figures released by the Islamic Republic of…

The rate of prescription drugs used in Iran is the same as China’s, a member of Majlis Health and Treatment Commission said.

Referring to the heavy debts of the government to the…