Economy

The arrival of the first cargo train from China on Monday marked the revival of the ancient Silk Road.  Loaded with commercial goods, the train set off from Yiwu City in China’s Zhejiang…

An Italian trade delegation, including representatives of pharmaceutical, construction, power, auto and electronic companies, arrived in Alborz Province on Monday for a second visit.

For Iranian businesses, Iraq is a huge market.

In recent years, sanctions imposed over Iran’s nuclear program posed a major obstacle to Iranian industries both in domestic and foreign…

Tehran Stock Exchange’s main index TEDPIX jumped 668 points or 0.87% to settle Monday trade at 77,377.5.

More than two billion shares valued at $134.8 million were traded, with daily trade…

The International Summit of Development of Iran’s Aviation and Airports opened at Tehran’s Azadi Hotel on Monday. The two-day event is hosting representatives of 50 international companies and…

A leap by Tehran Stock Exchange in the past four weeks contrasts with gloom in many bourses around the world and hints at Iran's investment potential as its economy, long isolated by sanctions,…

US Customs and Border Protection lifted a ban on the import of Iranian carpets as of January 21, reopening a huge market to Iran’s exporters.

Yet there are challenges to overcome before the…

GKN Company, a British multinational auto parts manufacturer, has said that it expects good sales on the back of the lifting of sanctions from the Iranian economy.

The UK's Auto Express, in…

The Third Iran International Automotive Conference is scheduled to be held on February 29-March 1 in Tehran.

The event is said to be of high importance, as it is the first of its kind to be…

Hybrid cars have gradually become more popular over the past decade globally, but the Iranian market is only beginning to learn of the advantages of the part-battery-part gasoline powertrain.

Isfahan will host the 12th International Exhibition of Automobile Industry this week. The exhibition opens on February 17 and ends on February 20. It will be held at the international fairground…

The first trial run of a train from China is expected to arrive at the border station of Sarakhs located in Iran’s northeastern Khorasan Razavi Province on Monday, following an agreement reached…

Iran imports $3 million worth of toys monthly, an Iranian official said. IRNA also quoted Mohammad Hossein Farjou as saying that foreign products account for 90% of Iran’s toy market. “The per…

About 2.8 million tons of steel and its products valued at $763 million were exported from March to December 2015, which makes the metal Iran’s fourth biggest exported commodity during the period…

China will provide Iran with an additional $20 billion of financing over the next five years as part of the agreements made between the two countries, says the head of Iran-China Chamber of…

Simplifying tariff and duty regulations will be a priority for the government in the upcoming fiscal year. IRNA also quoted the head of Iran’s Customs Administration, Masoud Karbasian, as saying…

An investment worth 8,000 billion rials ($264.65 million at market exchange rate) is needed to add 800,000 new jobs every year, says Minister of Cooperatives, Labor and Social Affairs Ali Rabiei.…

As decreed by the Leader of Islamic Revolution Ayatollah Seyyed Ali Khamenei, combating fruit smuggling is a national duty, says deputy agricultural minister, Mohammad Ali Tahmasebi. “Imports of…

A 60-strong business delegation comprising members of Tehran Chamber of Commerce, Industries, Mining and Agriculture started a tour of Germany on Sunday to meet with private sector business owners…

In a bid to promote non-oil exports, Trade Promotion Organization of Iran has proposed the allocation of 10,000 billion rials ($330.83 million at official exchange rate) as export incentives in…

Following the lifting of international banking sanctions against Tehran late last month, lenders have embarked on the difficult task of regaining public confidence in foreign currency accounts,…

Banks will probably lower interest rates before the fiscal year is out on March 19, following the recent reduction in interbank rates, the Central Bank of Iran vice-governor said late Saturday.

The Central Bank of Iran has sent a new set of balance sheet templates to the banks to improve their financial transparency and international operations, EghtesadNews reported.  The CBI’s…

Tehran Stock Exchange’s main index TEDPIX inched up 115.30 points or 0.15% to end Sunday trade at 76,709.5.

More than 1.7 billion shares valued at $114.8 million changed hands, recording a…

The technology for the production of catalysts used in direct reduction of iron ore has been successfully indigenized by Sarv Oil and Gas Industries Development Company. The catalyst was used in…