Economy

Heading a 30-member delegation from Iran Chamber of Commerce, Industries, Mines and Agriculture, Iranian Minister of Cooperatives, Labor and Social Welfare Ali Rabiei is going to attend the…

Tehran Municipality has released its balance sheet for the first six months of the current Iranian year that started in March, unraveling the state of its almost empty coffers.

Tehran will host the Sixth Investment Opportunities in Iran’s Mines & Mining Industries Exhibition, otherwise known as Minex 2017, on October 10–12.

The prices for some flat steel products to be imported into Iran increased last week, while buying activity was slow because buyers wanted discounts.

“The market is not active enough.…

Tehran Stock Exchange’s main index lost 360 points or 0.42% to end Saturday trade at 85,069.5.

About 618 million shares valued at $47.92 million changed hands for the day.

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The production, utilization and import of road construction and mining machinery are a significant indicator of economic growth, as rising numbers would point to increasing development and…

Close to 700 tons of plastic bottle lids worth more than 105 billion rials (around $3.23 million) were imported into Iran during the five months to Aug. 22, based on figures released by the…

Part-time workers constitute 9-10% of Iran’s employed population, the head of Statistical Center of Iran said.

Omid Ali Parsa added that there are 23.8 million full-time employees in the…

Iran exported about $70 million worth of apparel last year (March 2016-17) to mainly customers in Afghanistan, Iraq and Central Asian countries, a member of Iran Textile Exporters and…

Iraq has asked Iran and Turkey to close border crossings with the Iraqi Kurdistan Region, an Iraqi Foreign Ministry spokesman announced. Last month, the Kurdish region held a controversial…

During the first six months of the current fiscal which started in March Iran automotive industries registered a 10% year-on-year increase in sales.

According to the latest statistics…

Tesla Inc CEO Elon Musk on Friday pushed back the unveiling of the company’s big rig truck until mid-November, tweeting that the electric vehicle maker was diverting resources to fix production…

Kerman Automotive Industries Corporation (Kerman Khodro) and its subsidiaries will be listed on Iran Fara Bourse, said a member of its board of directors.

Diversifying portfolios and…

Automotive Industries Development Company, a local industrial holding, is set to import electric motorcycles, says the firm’s deputy chief.

Close to 53.32 million tons of oil and non-oil products were loaded and unloaded in the ports of the southern Hormozgan Province during the first half of the current Iranian year (March 21-Sept…

The US dollar gained against the rial on Thursday to reach its highest value in Tehran’s foreign exchange market in eight months.

In order to implement the Social Housing Scheme to provide more than 100,000 residential units for low-income groups each year, 4.2 trillion rials ($105 million) in government subsidies are…

In what could be another step toward bolstering efforts to reduce the tenaciously high bank interest rates and balance markets, investment funds owned by banks and credit institutions have been…

Owing to the fact that most municipalities, including that of Tehran, are struggling with a hefty credit crunch, Shahr Bank has invested 100 trillion rials ($2.5 billion) to support the…

Denmark's major offshore explorer Maersk Oil is in a strong position to win a contract to produce ultra-light crude from Iran's South Pars gas field and its recent acquisition by France's Total…

The European Union has decided to set fixed duties for hot-rolled coil imported from Iran, as well as HRC from Brazil, Russia and Ukraine, after a complaint by EU manufacturers that the product…

The 17th International Industry Exhibition, also known as IINEX 2017, opened at Tehran’s International Permanent Fairgrounds on Friday.

Iran’s unemployment rate in the second quarter of the current fiscal year (June 22-Sept. 22) stood at 11.7%, registering a 1% drop compared with the same period of last year and a 0.9% decrease…

About 81,580 tons of different kinds of dates worth close to 2.7 billion (more than $82.82 million) were exported from Iran to 76 countries during the five months to August 22, based on figures…

It is estimated that some 5 million tons of citrus fruits will be produced in Iran during the current fiscal year that started March 21 to register a 7% increase compared with last year’s…