Economy

Iran traded 132,768 tons of non-oil commodities worth $54.31 million with Armenia during the first four months of the current fiscal year (March 21-July 22). This marks a 24.48% and 24.79%…

In a letter to the Islamic Republic of Iran Customs Administration’s Export Affairs Bureau, the Ministry of Industries, Mining and Trade announced that sugar export has been banned.

The…

Secretary-General of the United Nations International Maritime Organization Kitack Lim will visit Tehran to attend a ceremony to mark the 70th anniversary of the establishment of the…

Iranian security forces handed over 158 Pakistani nationals to their counterparts at the border checkpoint in Taftan of Chaghi district on Sunday.

The Pakistani nationals were in Iran to…

Ford Motor may cut up to 24,000 jobs and stop producing models such as the S-Max, Galaxy and Mondeo as it tries to revive its European business. Ford lost $73 million in Europe between April and…

Tesla had been aiming for a production rate of 6,000 Model 3 vehicles per week by the end of August and an overall production of 50,000 to 55,000 Model 3 vehicles throughout the third quarter.…

German carmaker Volkswagen said only half of its VW branded passenger car models in Germany are compliant with a new pollution standard, thanks to a much tougher emissions testing regime.

Latest figures from the Housing Savings Account, Iran’s cheapest homeownership initiative, show that it has managed to attract more deposits than it had initially targeted.

HSA was…

The government of Brazil is to allocate $1.2 billion for maintaining its considerable economic and trade ties with Iran in the face of reinstated US sanctions.

According to the Latin…

The currency and gold coin markets heated up again on Sunday, keeping up a rally that started from the beginning of the trading week on Saturday. 

The rally was apparently sparked…

The 29th edition of the Islamic Banking Conference came to a close with the release of an official statement on Sunday. Several high-ranking officials, including the Central Bank of Iran…

More than 489 tons of chewing gum worth nearly $1.6 million were imported into Iran from five countries during the first four months of the current Iranian year (March 21-July 22), according to…

Iran exported 21,625 tons of ice cream worth $73.97 million during the first four months of the current fiscal year (March 21-July 22), latest data released by the Islamic Republic of Iran…

Iran’s red meat output during the three months to June 21 amounted to 98,800 tons to register a 0.08% decline year-on-year, a new report released by the Statistical Center of Iran said.

…

Rice cultivation is only permitted in the two northern provinces of Gilan and Mazandaran and will be gradually banned in other Iranian provinces over the next three years, as per the directive…

Iran traded 27,000 tons of non-oil commodities worth $64.13 million with Syria during the first four months of the current fiscal year (March 21-July 22), registering a 180.63% increase in…

Iran traded 303,607 tons of non-oil commodities worth $152.27 million with Malaysia during the first four months of the current fiscal year (March 21-July 22). This marks a 93.34% increase in…

More than 2 million hectares of farmlands are now equipped with under pressure irrigation systems in Iran, more than 30% of which were implemented since the beginning of President Hassan Rouhani…

The Ministry of Industries, Mining and Trade issued 6,696 permits for the establishment of new industrial units during the first four months of the current fiscal year (March 21-July 22),…

The average Producer Price Index in the 12 months ending Aug. 22, which marks the end of the Iranian month of Mordad, increased by 15.2% compared with last year’s corresponding period, the…

The Fourth Festival and Exhibition of Medicinal Plants is scheduled to be held at Imam Khomeini Grand Mosalla from Nov. 12-15.

This edition of the exhibition is aimed at supporting…

The construction of a factory producing calcium chloride with an annual production capacity of 30,000 tons and magnesium hydroxide with 5,000 tons began in Khur and Biabanak County of Isfahan…

Rising production costs and prices of essential goods have now spread to the poultry industry.

Tea exports will be permitted as before and no bans will be imposed on its shipments. 

This was notified by director general of exports affairs with the Islamic Republic of Iran…

The Islamic Republic of Iran Customs Administration has denounced claims that it intends to generate revenues by levying foreign exchange rate difference surcharge on imports.