Economy

The lifting of sanctions on Iran following its nuclear deal with global majors in 2015 has opened up a world of opportunities for global companies to foray into.

Tehran Stock Exchange’s main index gained 651.30 points or 0.83% to end Saturday trade at 79,302.7.

More than 1.22 billion shares valued at $73.67 million changed hands for the day.

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As Iranian mills’ steel product output is on an overall downtrend, the only commodity defying this trend is hot-rolled coil, which is solely produced by Iran's largest steelmaker Mobarakeh Steel…

Bank Saderat is set to resume trading on Tehran Stock Exchange this week after it published an auditor’s report on its first profit in the current fiscal year (started March 21) on Saturday. Bank…

About 90,000 tons of trout were produced in Iran in the last fiscal year that ended on March 20, 2017, the head of Iran’s Union of Seafood Reproduction, Cultivation and Exports said.

“The…

Wheat rotting away or destroyed in rain would be a serious concern, if the government fails to work out a solution about its safe storage or exports, Kaveh Zargaran, the chairman of Agriculture…

Italian companies Candy and Zerowatt and Germany’s Bosch have signed joint venture agreements with Iranian companies, the head of Iran’s Household Appliances Association said.

Taiwan’s troubled Yang Ming Marine Transport Corp is halting its container service to Iran, becoming the first foreign shipping line to abandon the route a year after international sanctions on…

More than 2 million tons of goods worth over $1.7 billion were exported from Khorasan Razavi Province in the last Iranian year that ended on March 20, 2017, registering a 4% and 2% growth in…

More than 488,000 tons of goods worth $91.4 million were exported from Bandar Lengeh Port in the southern Hormozgan Province in the last Iranian year (March 2016-17), Bandar Lengeh Customs Bureau…

A classic car show opened in the Kurdish city of Sanandaj, the capital of Kurdistan Province in west Iran, on April 20, with more than 500 vehicles on show for the first time. The Sanandaj Classic…

China’s premium car market will grow by half over the next decade, Audi CEO Rupert Stadler said, citing growing personal wealth and the emergence of flourishing private enterprises as key drivers…

The recently revived German luxury mark Borgward says it is negotiating with Iranian carmakers to launch joint production lines in the country.

Deputy director Tom Anliker, said he recently…

Iran Khodro, Iran’s largest carmaker, announced on Saturday that its Samand sedan production in its Iskandariya plant in central Iraq is now producing 45 to 50 units per day.

The goods and services Consumer Price Index for urban areas reached 6.9% in the 12-month period ending April 20—marking the end of the Iranian month of Farvardin—compared with last year’s…

Vietnam is looking to expand ties with Iran, especially in the banking sector, reaffirming the commitment to achieve the bilateral trade target of $2 billion set in Oct. 2016 .

This was…

The Central Bank of Iran has responded to media reports that viewed the latest World Economic Outlook by the International Monetary Fund in a negative light.

Campaigning for Iran’s presidential elections scheduled for May 19 began on Friday, after the Guardians Council considered only six candidates eligible to run for the presidency from…

The government should have a long-term plan for the housing sector since problems in the key industry are caused by a lack of planning and absence of roadmap, said the head of Tehran Association…

More than $1.2 billion worth of livestock and poultry products were exported over the 11 months to February 18, registering a $554.7 million trade surplus in the sector, a deputy agriculture…

The Government Trading Corporation of Iran has given the green light for importing 550,000 tons of sugar to stabilize the market.

It has been more than a year since the Joint Comprehensive Plan of Action, the formal name of the nuclear deal Iran signed with world powers, was implemented and already the world looks…

Tehran Stock Exchange’s main index TEDPIX gained 1,421.4 points or 1.84% during the first month of the new Iranian year (March 21-April 20) to end at 78,651.4.

The over-the-counter Iran…

Buying activity in the Iranian flat steel import market remained modest despite all suppliers dropping their prices in the past week, sources told Metal Bulletin.

“There are no bookings;…

Iranian steel mills produced 4.57 million tons of crude steel during the first three months of 2017, registering a 4.6% growth year-on-year, according to the latest report released by World Steel…