Economy

About 1,120 tons of farmed shrimp have been produced in Iran’s northern Golestan Province since the beginning of the current Iranian year (March 20, 2016), more than 580 tons of which have been…

More than 23.8 trillion rials ($624 million) worth of local and foreign investments have been made in Anzali Free Trade and Industrial Zone in northern Iran during the 10 months to January 19, the…

Trade Promotion Organization of Iran introduced top Iranian brands for the current Iranian year (ending March 20, 2017) in a ceremony on Sunday.

Eighteen brands were chosen from among 280…

About $200 million worth of agricultural and dairy products are exported from Isfahan Province in central Iran every year, the deputy head of Isfahan Agricultural Jihad Organization said.

Governments must honor their contracts, even those made under previous administrations, says Iranian professor of economics at Virginia Tech, Djavad Salehi-Isfahani. 

Toyota has relinquished the title of the world’s biggest automaker, reporting that it sold 10.175 million vehicles worldwide in 2016, fewer than Volkswagen’s 10.31 million.

General Motors…

Volkswagen is developing a fresh design language for a new generation of purpose-built electric vehicles.

Klaus Bischoff, VW brand’s head of design, said battery packs make it possible to…

Industry Minister Mohmmad Reza Nematzadeh says vehicles will be produced with Euro 5 emissions standards from April. 

Nematzadeh told a conference that industries that fail to keep…

The share of Iran's automotive sector in overall gross domestic product is expected to reach at least 4% by 2025. 

This is forecast as part of the goals and policies for developing the…

Iran’s National Tax Administration has issued a directive based on which legal entities and individuals can receive higher amounts of bank credits without having to first clear their tax debts.…

Bank Melli Iran on Saturday installed a forex ATM machine in Imam Khomeini International Airport in south Tehran. The machine provides travelers with foreign exchange after scanning their passport…

The government has approved divesting 14% of its shares in Amin Re by the end of the current Iranian year (March 20), announced Amin Re’s chief executive.

Mostafa Kiaei also told a press…

Iran will stop using the US dollar as its currency of choice in its financial and foreign exchange reports from the new fiscal year that begins in March, announced the governor of the Central Bank…

As many as 11,232 small- and medium-sized enterprises have received an aggregate of 79 trillion rials ($1.97 billion) in loans during the 10 months to January 19, 2017, according to the chairman…

India’s trade with Iran is yet to be fully normalized even a year after the lifting of international sanctions on Tehran.

Two-thirds of the paper needed in the Iranian market come from foreign countries, therefore it is not logical to raise import tariffs, says Gholamreza Kateb, a member of Majlis Culture Commission…

US President Donald Trump’s recent travel ban applies to all Iranians, including traders, said the head of Tehran Chamber of Commerce, Industries, Mines and Agriculture, Masoud Khansari. …

 Chairman of the Majlis Commission for National Security and Foreign Policy Alaeddin Boroujerdi said Pakistan and Iran have agreed to expand cooperation between Gwadar and Chabahar ports for…

Tehran Stock Exchange’s main index lost 6.8 points or 0.01% to end Sunday trade at 77,707.3.

More than 753 million shares valued at $37.5 million changed hands for the day.

Iran Yasa…

While the standstill between Asian buyers and major suppliers of slab from Brazil and Russia persisted, news emerged about at least one booking of Iranian product taking place in Southeast Asia.…

Pakistan Cement Manufacturers Association is urging the Pakistani government to slap up to 20% of import duties on Iranian cement, claiming that Iranian producers are “dumping” the industrial…

Chadormalu Mining and Industrial Company’s iron ore reserves are expected to run out in a few years and the iron ore giant’s survival hinges on exploitation of new deposits. 

Cement trading will resume at Iran Mercantile Exchange’s board of exports in the Iranian month of Ordibehesht (April 21-May 21, 2017), the head of Cement Employers Association, Abdolreza Sheikhan…

Under a newly approved law, authorities in Kazakhstan will from this summer have the power to remotely disable mobile telephones that are not registered in a state database.

Officials say…

DigiKala, Iran’s largest e-commerce store, has had its iOS app removed from the Apple Store according to a new report from local technology blog techrasa.com. The blog surmises several reasons why…