Economy

Mobarakeh Steel Company supplies nearly half of the raw materials and steel products needed by 3,000 domestic manufacturers of pipes and profiles, oil, gas and petrochemicals, autos and auto parts…

Persian Gulf Special Economic Zone, located in the southern Hormozgan Province, exported more than 3 million tons of minerals and mineral products valued at over $610 million from March to…

Stocks hit a four-month high on Wednesday, with the main index of Tehran Stock Exchange capping its largest daily gain since July 13, rising more than 1%.

The rally in banking stocks in…

Airbus is poised to reenter the Iranian passenger jet market, as western sanctions begin to roll back.

Fabrice Bregier, head of Airbus’s passenger jet unit, said the company had an…

Mesh fence, also called chain-link fence, is usually made from galvanized steel wire. The popularity of chain-link fence is due to its relatively low cost and transparency. One can make it…

Iranian automotive suppliers are strongly optimistic of securing joint venture deals with western partners, as decades of pent-up energy are poised to unleash with the lifting of international…

Three of the world’s largest carmakers, Volkswagen, Hyundai and Daewoo, are in talks with Iran’s Kerman Motor Company to begin manufacturing their latest products at Iran’s third largest…

Vehicle auditing methods have recently been restructured to improve quality and meet the needs of customers, said the head of the vehicles department affiliated to the Ministry of Industries,…

The Renault-Nissan alliance is ready to expand its manufacturing footprint in Iran once sanctions are lifted, but will be “extremely careful” about the execution, CEO Carlos Ghosn said on Monday…

Iran’s second largest car manufacturer, SAIPA, started the presales of its latest model named Saina on Monday.   The new vehicle is made on the same platform as SAIPA’s Tiba and is…

Promoting e-banking requires modifications in the structure of the regulatory body to bring the sector in line with the country’s technological capability, Ali Kermanshah, Central Bank of Iran…

The High Council of Construction and Architecture has developed a set of regulations for construction of buildings with over 12 stories in Tehran. Builders must henceforth get an environmental…

Iranian banks are likely to be reconnected soon to the SWIFT financial transaction system of which they were deprived as a result of the international economic sanctions. However, experts say the…

Tehran’s dormant property sector is getting a glimpse of a window opening in the office market as foreign companies gradually warm up to the expected economic revival.

Stable forex rates will help expand exports while rendering decision-making and planning easier in the key sector, Abolfazl Sharif, a senior member of Iran Chamber of Commerce said on Tuesday.

Tehran Stock Exchange’s overall index TEDPIX gained a meager 51.30 points or 0.08% to settle Tuesday trade at 62,840.

Close to 1.4 billion shares valued at over $65.8 million changed hands…

Close to 20 million tons of clinker–the main material used in the production of cement–are currently stored in warehouses due to shrinking demand, said managing director of Lamerd Cement Company,…

Iran’s Customs Administration has levied an average of 18.8% duty on imports in the current Iranian year (started March 21, 2015), according to the Trade Promotion Organization of Iran.

To improve political and economic relations, Slovenia will reopen its embassy in Tehran by the end of January, declared the European country’s visiting Minister of Economic Development and…

Tehran Stock Exchange now has a market cap of 3.1 quadrillion rials ($83.7 billion at market exchange rate), according to its chief executive, Hassan Qalibaf-Asl.

His comment comes as TSE’s…

Certificates of deposit for gold mined out of Zarshouran will soon be offered on the Iran Mercantile Exchange, according to its chief executive, Hamed Soltaninejad.

Zarshouran is Iran’s…

The government makes a paltry 6% of its tax revenues from private businesses, says chief of the Iranian National Tax Administration, Seyyed Kamel Taqavinejad.  The official added that INTA is…

Governor of Iran’s Zanjan Province, Jamshid Ansari, met with India’s Minister of State for Commerce and Industry Nirmala Sitharaman in India’s Andhra Pradesh State on Monday to discuss ways of…

The 23rd international exhibition of lighting products is being held in Tehran’s International Fairground. The four-day event will ends on Wednesday. More than 150 domestic and foreign companies…

In a matter of weeks, the international community is expected to lift many sanctions that have crippled the Iranian economy for decades.

But US companies won’t find Iran very open for…