Economy

Iranian authorities have reduced the cost of the Temporary Admission License for the vehicles that enter Iran from Armenia by over $410. Mehr News Agency reports that the Islamic Republic Customs…

Germany will need a new economic strategy geared toward Asia should the new US administration start a trade war with China, Vice Chancellor Sigmar Gabriel said on Friday, warning against…

The total revenue of Iranian auto importers and producers during the first nine months of the current fiscal that ends in March was 391 trillion rials ($10.2 billion), according to a new report.…

Nissan will review the case for future investment in the United Kingdom when the terms of the country’s departure from the European Union finally become clear, CEO Carlos Ghosn said.

The British government is coaxing lenders into facilitating trade with Iran. Recently, British officials have sought to boost business ties with Iran—a year on from the lifting of international…

Losses caused by the recent inferno in a Tehran high-rise and its subsequent collapse are estimated at 15 trillion rials (over $390 million), said the head of Iran Chamber of Guilds, Ali Fazeli.…

Colza production is expected to reach 200,000 tons in the next Iranian year (March 2017-18), double the amount of production this year, according to Alireza Mohajer, an official with the Ministry…

A Republican congressman has introduced legislation in the new US Congress that could complicate Boeing and Airbus sales to Iran Air, made possible by a multinational nuclear agreement signed in…

When world powers agreed in 2015 to lift sanctions on Iran in return for curbs on its nuclear program, the deal’s supporters in the United States, Europe and Tehran hoped renewed trade and…

Tehran Stock Exchange’s main index TEDPIX shed 741 points or 0.9% in the Iranian month of Dey (December 21-January 19) to end at 79,382. The over-the-counter Iran Fara Bourse’s main index, IFX,…

Finland’s Outotec has agreed with National Iranian Copper Industries Company on the delivery of two sulfuric acid plants for the Sarcheshmeh and Khatounabad copper smelters in Iran’s Kerman…

A year has passed since Iran’s nuclear accord was implemented, but a number of business community representatives are of the belief that there is still a long way to go until things normalize.

The Central Bank of Iran will be in charge of paying the salary of civil servants from the start of the next Iranian year (starting March 21, 2017).

Rahmatollah Akrami, deputy minister of…

The Korea Trade Insurance Corporation announced on January 19 that it succeeded in collecting €97 million for the MAPNA project in Iran. In the power plant construction project, Doosan Heavy…

Iran has signed major economic contracts with Syria in what Tehran and Damascus have hailed as “a new page” in economic ties.

Syria’s economy is shrinking fast as industrial and…

As Iran Air has begun receiving its first brand-new, western airplanes in decades, it seems that President Hassan Rouhani’s efforts to lift sanctions have paid off. However, rejuvenating a long…

The Second Yazd International Exhibition of Industries and Mines was inaugurated by Deputy Minister of Industries, Mining and Trade Mehdi Karbasian in Yazd Province on Thursday. Participants in…

Iran’s Kish South Kaveh Steel, otherwise known as SKS, which entered the merchant billet market at the end of 2015, intends to reach higher utilization by focusing on exports.

Buying activity was absent in the Iranian flat steel import market over the past week.

The main factor behind the halt in purchasing was the high price of foreign material, compared with…

British investment company Amedeo Resources announced on Thursday that it has acquired a 2.5% stake in Ganjine Kani Company for $500,000, a copper mining company close to the city of Mashhad in…

The government in Kazakhstan plans to force internet users to register on websites with their mobile phones if they wish to post comments, the deputy head of the communications and information…

Iran and Sri Lanka signed a memorandum of understanding to promote technological collaboration. Iran’s vice president for science and technology, Sorena Sattari, met Tuesday with Susil…

The local tech firm Media Pardazesh was announced as the official partner of Huawei for the year 2017 in Iran. 

The announcement was made on Thursday at a press conference held at…

Open markets and global trade have been blamed for job losses over the last decade, but global CEOs say the real culprits are increasingly machines.

The Central Bank of Iran has published a report detailing the achievements of the country’s nuclear accord with world powers in the banking and monetary sectors, as the country marks the first…