The share of mechanized rice farming has risen from 12.5% to 80% over the past four years, as the number of rice combines in Iran’s paddy fields has risen from 1,000 to 5,600 during the period.
Economy
Iran economy news, Get the latest news about Iran economy, trade, growth prediction, agriculture, transport, aviation, infrastructural developments and investment opportunities.
Economy
Kenya was Iran’s 15th biggest trade partner in the first month of the current Iranian year (March 21-April 20), Iran’s commercial attache to the African country said, without mentioning the amount…
Economy
A memorandum of understanding was signed between Iran’s Bon Rail Company, a rail passenger transport firm affiliated with Iran’s Mostazafan Foundation, and German rail company Deutsche Bahn AG on…
Economy
BMW said its annual production capacity in China will reach 450,000 vehicles, 144,274 more than last year’s output, once an investment plan to upgrade its local factories is completed.
Economy
Aston Martin may consider an initial public offering (IPO or stock market launch) as early as next year as the British automaker seeks to capitalize on the success of the Italian Ferrari’s listing…
Economy
The second largest automaker in Iran, SAIPA (Société Anonyme Iranienne de Production Automobile), has started exporting cars to Guinea in West Africa.
According to the firm’s export manager…
Economy
The Chinese JAC S3 small sports utility vehicle is currently being test driven by Kerman Motor technicians, according to a local media report. JAC S3 is the “little brother” of the already…
Economy
Bilateral trade between Iran and Italy in the first three months of 2017 stood at €1.2 billion, making Italy the biggest trading partner of Iran in the European Union over the period, IRNA…
Economy
Belarus’s Deputy Transport and Communications Minister Alexander Shishko said Belarus has been invited to set up a joint economic commission with Iran.
Shishko was speaking during the…
Economy
Iran’s first-ever lactic butter production line with a production capacity of 7,000 tons a year was launched in Tehran on Thursday. More than $15 million have been invested in the project, Mehr…
Economy
The second round of negotiations between Pakistan and Iran on a free trade agreement will be held in July to discuss ways of enhancing trade volume, Pakistan’s largest English-language newspaper…
Economy
Port equipment, including two super cranes, purchased for Phase 2 of Shahid Rajaee Port has been loaded in a European country and will arrive at the major Iranian port, located in the southern…
Economy
Iranian stocks did not have much going for them during the past week, as the nation was transfixed on the presidential vote slated for May 19.
Tehran Stock Exchange’s main index gained just…
Economy
Iran voted on Friday in an election, the result of which will decide the direction of an economy still recovering from years of crippling sanctions—a state of affairs revealed in the charts below…
Economy
Bank Mellat has obtained the license to reopen its branch in Seoul, South Korea, the bank’s CEO announced.
Economy
The ratio of Iranian banks' non-performing loans to total loans stood at 10% after four years of President Hassan Rouhani's tenure, said the Central Bank of Iran's governor.
Economy
Iran Insurance Company has insured the four newly-purchased Iran Air turboprop airplanes, IIC’s website announced. According to the contract signed by Iran Air and IIC, the brand new airplanes…
Economy
Governor of the Central Bank of Iran has dismissed claims that Friday's presidential election would trigger fluctuations in the foreign exchange market, reassuring the public that all is calm in…
Economy
Euromoney's best bank transformation award for 2017 has gone to Iranian private lender Ayandeh after successfully accomplishing a merger of troubled banks to become one of Iran’s biggest…
Economy
In February 2016, Helga Kern boarded a plane to Iran, registered with the depository to trade stocks and within weeks opened a broker account and started buying shares, all with the aim of…
Economy
The Central Securities Depository of Iran issued 16,000 new trading codes for investors during the first month of the current Iranian year (ended April 20). According to Securities and Exchange…
Economy
The Second Exhibition of Dental Materials and Instruments and 57th International Exhibition and Congress of Iranian Dental Association, also known as EXCIDA 57, were held at Tehran’s Permanent…
Economy
Buying activity in the Iranian flat steel import market slowed over the past week, with suppliers unwilling to pass on price rises to customers, sources told Metal Bulletin on Wednesday.
Economy
Iran Fara Bourse has joined the executive board of the Federation of Euro-Asian Stock Exchanges.
Its membership was decided at the 23rd FEAS meeting held in Tehran on Tuesday.
…
Economy
Iran’s Shadegan Steel Company started hot commissioning of a new direct reduced iron module on Sunday, the country’s state mines and metals holding company IMIDRO said on Thursday.
“…
Economy
