Economy

Iran aims to export 20 to 25 million tons of steel annually by 2025, it said in an official statement on Wednesday, up from a previous goal of 10 million tons.

Tehran has sought to boost…

Khorasan Steel Complex is in the final stage of a production expansion project and on its way to commission its second steelmaking unit.  The project will help the company strengthen its…

Echodyne, a radar array startup with investors including Bill Gates, his Microsoft cofounder Paul Allen’s Vulcan Capital, and Seattle’s own Madrona Ventures, just made what the company considers a…

Traffic police have sent a warning to ride hailing companies operating in Iran in what could be the latest push attempt to shut down the two biggest operators of the new and seemingly popular taxi…

Intelligent transportation and gas meters can be read on a phone: the Internet of Things is heading for Iran thanks to a deal announced February 16. Internet of Things (IoT) applications allows…

Chinese telecom equipment maker ZTE Corp warned on Tuesday that penalties it expects to incur for allegedly breaking US sanctions against Iran could impact its results.

Grounds have been prepared for unifying the foreign exchange rates, which will finally be accomplished "when macroeconomic conditions are agreeable", vice governor of the Central Bank of Iran said…

A new bank will be established with 100% Iranian share in Azerbaijan, Iran's Central Bank Chief Valiollah Seif said.

Interest rate cuts will be postponed until after the presidential elections in May, claims a bank chief executive.

The government has approved a proposal for setting the minimum capital required for establishing insurance firms during a Cabinet meeting on Sunday.

The measure also lowers the minimum…

About $91 million worth of medicinal herbs, including cumin, coriander and coriander seeds, henna and damask rose, were exported in the last Iranian year (March 2015-16).

At present 140,000…

Minister of Economic Affairs and Finance Ali Tayyebnia believes an 8% economic growth for the upcoming Iranian year (March 2017-18) is within reach, “if the political wrangling during presidential…

Tehran was the eighth most traffic-congested city among 30 cities in the world in 2015. 

According to secretary of Iran Urban Economics Scientific Association, Seyed Mohsen Tabatabaie…

Japan has extended $7 million as grant to the Islamic Republic of Iran Customs Administration to procure X-ray machines, says IRICA chief Masoud Karbasian.

Karbasian noted that up until now…

The government of President Hassan Rouhani has provided wide-ranging tax incentives to promote manufacturing, investment and non-oil exports, the head of the Iranian National Tax Administration…

Some 4,400 tons of Persian hand-woven carpets worth $275 million were exported from Iran during the 10 months to January 19, registering a 19% rise compared with the corresponding period of last…

While the range of steel producers, especially in Europe, is actively developing their distribution chains through the Internet, Iran is taking first steps on its way to digitalization. 

All initial public offerings on the Iranian equity market have been suspended till the end of the current fiscal year (March 20, 2017), an official with the Securities and Exchange Organization…

In an operation carried out by the Intelligence Ministry on the outskirts of Tehran, seven containers of apparel, textile and accessories worth about 10 billion rials ($2.6 million) were…

Tehran Stock Exchange’s main index gained 189.50 points or 0.25% to end Wednesday trade at 77,189.7.

About 981 million shares valued at $91 million changed hands for the day.

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Scania has signed an agreement in principle with the Iranian province of Isfahan and Shahr-e Atiyeh Investment Company on the delivery of 1,350 buses for public transport for Isfahan and four…

General Motors had a deal to unload its money-losing European division in 2009 before backing out at the last minute, saying its prospects there had improved.

The Senior Vice President of Renault Corporate Design Laurens van den Acker unveiled the company’s Koleos model at a private event on Monday in Tehran. The official was accompanied by senior…

House prices have not increased in the past four years and that is not expected to change in the foreseeable future, said the minister of roads and urban development. “We had 650,000 empty housing…

The Central Bank of Iran and Japan's Financial Service Agency signed an exchange of letter on February 12 aimed at easing banking relations and promoting exchange of experience related to…