Economy

More than 16.1 million tons of crude steel were produced by Iran’s steelmakers in 2015, indicating a 1.4% drop compared with the previous year’s output, according to World Steel Association’s…

Iranian asset-management firm Turquoise Partners plans to start a $200 million private equity fund with Swiss bank Reyl & Cie’s Dubai unit in the first half of the year, as the country opens…

Iran aims to become self-sufficient in wheat by improving yields but will continue to import maize and barley, Iranian Agriculture Minister Mahmoud Hojjati said during a visit to Paris on Thursday…

Iran exported fruit and dried fruit worth over $2.8 billion to Europe and regional countries in the current Iranian year (to end March 19), said a deputy agricultural minister. Mohammad Ali…

A container train linking China and Iran departed from Yiwu City in east China’s Zhejiang Province loaded with Chinese commodities on Thursday morning. According to the train’s operator, Yiwu…

Japan and Iran are expected to sign a bilateral investment treaty next week. Japan’s Foreign Minister Fumio Kishida and Iranian Economic Affairs and Finance Minister Ali Tayyebnia will sign the…

Italy’s Minister of Agricultural, Food and Forestry Policies Maurizio Martina is scheduled to visit Iran on February 9 and 10 at the head of a delegation comprising top officials from the European…

A local mobile phone importer and after-sales service company named Yas has unveiled ZTE’s mobile phone V6 in Iran.

The company, which holds the legal dealership of ZTE, held a seminar in…

Iran is taking preliminary steps toward leasing or buying commercial satellites and acquiring related technologies, according to industry officials familiar with the matter, another sign of…

TI Sparkle, the international services arm of Telecom Italia Group, has announced the signing of a memorandum of understanding with Telecommunications Infrastructure Company of Iran for the…

Hormozgan Steel Company and the multinational SMS Group signed a deal in Rome on Wednesday to raise the Iranian company’s slab production capacity from the current 1.5 million tons to 3 million…

The Second International Exhibition of Investment and Trading Opportunities in the Mining, Cement, Metallurgy and Related Industries opened on Tuesday at the Kish International Exhibitions Center…

Iran’s exclusive exhibition opened in Oman’s capital city of Muscat on Tuesday and will run through January 30.

The event aims to increase cooperation with Oman’s businesses to boost the…

South Korean’s POSCO plans to sign a preliminary agreement with an Iranian steelmaker identified as “PKP” in March to buy a stake in a $1.6 billion steel mill project in Iran. POSCO (formerly…

For the third year in a row, the government has proposed a tight budget, keeping spending constant in real terms.

Expenditures proposed for 2016/17 compared to the budget of the current…

Tehran Stock Exchange ended Wednesday trade flat, as the main index TEDPIX inched up 11.50 points or 0.02% to settle at 71,011 at the day’s close, a day after it surged more than 2,000 points to…

The banking system should be at the service of manufactures and exports, Bahram Nezamolmolki, managing director of the Ministry of Energy’s department for export promotion said. He criticized…

Bank Pasargad, Iran’s second-largest listed bank, is looking to raise capital and expand overseas now that the country is free of the shackles of sanctions, a senior official told Reuters.

Italian banks will give momentum to the process of renewing relations with their Iranian peers, Guido Rosa, director of Italian Banking Association’s committee for international affairs said in a…

Eurasian Development Bank Chief Dmitry Pankin announced on Tuesday that Iran will most likely become a member of the bank by the end of March, Fars News Agency reported. Pankin said…

Iran's total foreign debt declined from $20 billion in 2011 to $5 billion in 2014, the deputy economy minister for banking, insurance and state-owned companies, Hussein Qazavi said.

Italian shipbuilding group Fincantieri has signed a series of preliminary agreements with leading Iranian companies worth several hundred millions of euros.  “Fincantieri has reached a…

Pakistan’s Minister for Ports and Shipping Kamran Michael says fast ferry services from the Pakistani ports of Karachi and Gwadar to the Iranian port city of Chabahar will be launched in March on…

Mohammad Shariatmadari, vice president for executive affairs, said the most important problem facing the country is unemployment.  “No change has been observed in the state of job creation…

As Iraq’s trade with Turkey is on the decline, Iranian exporters should seize the opportunity and secure their foothold in the neighboring country’s market, said an official with Iran’s…