Economy

Ten passenger planes with an average age of 11 years will join Iran’s air fleet by the end of the current Iranian year (March 19, 2016), says deputy head of Civil Aviation Organization of Iran,…

To strengthen trade and tourism relations with Oman, the Qeshm-Khasab shipping lane will open by the end of the Iranian month of Dey (January 20), IRNA quoted Managing Director of Qeshm Free Zone…

Audi, the German luxury carmaker, has reaffirmed that it has not entered the Iranian market or signed up with a local distributor.

The new press release followed a report by a local…

Only 500,000 of the total 3.5 million vehicles plying the streets of Tehran obtained quality inspection certificates last year, said the head of Tehran's Vehicle Quality Inspection Headquarters.…

Iran’s economy is expected to recover on account of the upturn in private consumption and the successful diversification into the non-oil sector, according to Market Research Firm, Frost &…

The Central Bank of Iran and Islamic Development Bank have agreed to launch a joint project for developing a unified set of regulations for Islamic banking.

The Central Bank of Iran on Monday released its report on the key macroeconomic indicators in the first quarter of the calendar year (March 21- June 2).

According to CBI’s 1-Q Index, 1.4…

India’s oil import dues to Iran will be transferred to Iran as soon as the nuclear accord Tehran signed with the six world powers takes effect, said Hussein Yaqoubi, director of the Central Bank…

The 18th session of the India-Iran Joint Commission was held in New Delhi on Monday with the participation of India’s External Affairs Minister Sushma Swaraj and Iran’s Economy Minister Ali…

The Iranian Privatization Organization transferred the ownership of government shares worth 13.2 trillion rials ($360 million at market exchange rate) to private owners in the first three quarters…

Iran Mercantile Exchange’s industrial and mining trading board witnessed the supply of 17,700 tons of A3-12-32 rebars by Isfahan Steel Company at the base price of $0.3 per kg on Monday, in…

Ten years ago, half of the imported plastics and rubber machines sold in Iran came from Germany. Today, after years of western sanctions over Iran’s nuclear programs, it’s virtually zero.

The global annual worth of financial transactions in the field of information technology amounts to $3.8 trillion, of which Iran has a meager share of $6 billion, said the Ministry of…

Iranian researchers have built a home connectivity system that works via wireless Internet.

Ali Moqaddas, a researcher at a knowledge-based company, added that the new system provides the…

Samsung Electronics Co. Ltd, the world’s top smartphone maker, plans an initial production run of about 5 million of its upcoming Galaxy S7 smartphones.

 Air pollution could be big business.

Two of the world’s largest technology firms, IBM and Microsoft, are vying to tap the nascent, fast-growing market for forecasting air quality in…

The securities and exchange organization is determined to reactivate its financial diplomacy as soon as the sanctions are lifted, said Mohammad Fetanat, head of Iran's Securities & Exchange…

The Central Bank of Iran has issued a directive to banks and credit institutions to augment their support for manufacturing units, banker.ir reported.

Chief executive of Shahr Bank (city bank) called for the formation of a banking consortium to enhance public transportation in big cities. Hussein Muhammadpour Zarandi said “air pollution in urban…

Governor of the Central Bank of Iran said Sunday that interest rates would be acceptable only if they are 2% over and above the inflation rate.

Close to 32 million tons of iron ore will be produced by the end of the current Iranian year (March 19, 2016), said vice president of Iran Iron Ore Producers and Exporters Association. Bahram…

Iran’s steel mills produced 14.8 million tons of crude steel from January to November 2015, showing a 1% drop in terms of volume compared to last year’s similar period. The decline comes in line…

Iran’s 101 brokerages are struggling to get out of the red. The over two-year slump in equities, as a result of years of recession and multiple crises, has sapped their earnings.

Ardabil has exported 98,000 tons of potatoes in the current Iranian year (started March 21), according to the northwestern province’s Agricultural Jihad Organization…

Iran’s sugar reserves are adequate and the country need not import it in the current Iranian year (to end March 19, 2016), Mehr News Agency quoted deputy minister of agricultural jihad, Abbas…