Some 1.3 million tons of sugar are estimated to be produced in the current Iranian year (started March 21), an official with the Ministry of Agricultural Jihad, Ebrahim Hezarjarib, said.
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Economy
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Economy
Gwadar in Pakistani Balochistan and Chabahar in Iranian Baluchestan are located almost at the mouth of the Strait of Hormuz through which pass 35% of the world’s seaborne oil shipments and 20% of…
Economy
The quality of auto parts produced by Iran Khodro Company’s Spare Parts and After Sales Services (ISACO) company has improved, said the company’s CEO. Reza Hosseini also said in an interview with…
Economy
Media Motors, the company with the official distribution rights of MG vehicles in Iran, has announced it is now taking orders for the small SUV GS vehicle.
The new 2016 edition, according…
Economy
Even though terrorism has afflicted neighboring Iraq and hampered sales of vehicles and parts, Iran Khodro Company has managed to produce over 10,000 vehicles in Baghdad over the past 16 months.…
Economy
The new round of cooperation between Iran Khodro Diesel, the industrial subsidiary of the largest carmaker Iran Khodro, and German giant car manufacturer Daimler AG will focus on manufacturing new…
Economy
Volkswagen Group limited the effect of its emissions scandal in October with its European sales declining by just 0.8 %in a total market where volume rose by 2.7%.
Industry-wide passenger…
Economy
A delegation of Turkish steelmakers from more than 20 key firms and headed by the Chairman of Steel Exporters Association of Turkey Namik Ekinci gathered in Tehran on Tuesday to hold B2B meetings…
Economy
Tehran Stock Exchange’s benchmark dropped 95.00 points or 0.15% to end Tuesday trade at 63,013.6.
More than 365 million shares valued at about $20.6 million were transacted, indicating…
Economy
Memoranda of understanding for investment in 10 major projects of Tehran Province have been signed with foreign investors, says the head of Tehran’s Management and Planning Organization,…
Economy
Portugal’s private sector is ready to expand economic ties with Iran Chamber of Commerce, Industries, Mines and Agriculture, said the head of the European country’s chamber of commerce, Paulo…
Economy
Iran Mercantile Exchange’s exports trading board witnessed the supply of 76,000 tons of bitumen by Jey Oil Refining Company on Tuesday. Furthermore, 5,000 tons of the same commodity by Shiraz Oil…
Economy
Gold and foreign exchange markets are more stable following the Central Bank of Iran’s announcement that the recent volatility in the forex market is temporary, said the head of Gold and Jewelry…
Economy
Urban Development and Revitalization Organization and University of Tehran signed an agreement to cooperate on cultural and research activities. Mohammad Saeid Izadi, UDCR’s head, said that the…
Economy
Parliament has approved legislation that entitles the victims of car accidents to equal blood money regardless of gender or religion.
According to law, insurers are required to compensate…
Economy
The Minister of Economy Ali Tayyebnia said on Tuesday that any interest rate cut should come only after the Central Bank of Iran formally enters the inter-bank market.
“The move should be…
Economy
Credit cards are among lucrative microeconomic ventures throughout the world and the trend has been on the rise in many countries. However, Iran has been left out of the trend due to a variety of…
Economy
An independent organization must be established to settle the issue of banks’ toxic assets, said Abbas Akhundi minister of roads and urban development.
The banking sector’s toxic assets are…
Economy
Iran’s railroad will be connected to Azerbaijan Republic’s rail network in 18 months, announced Governor of Gilan Province Mohammad Ali Najafi in a statement addressing a specialized energy…
Economy
The government will allow private sector traders to import up to 600 tons of rice, Deputy Agriculture Minister Ali Qanbari said on Tuesday. Rice imports have until recently been banned by the…
Economy
Cheap steel sheets imported from China, South Korea and Kazakhstan have resulted in Iranian auto manufacturers balking at domestically manufactured products, said Mohammad Azad, chairman of Tehran…
Economy
Over $133 million worth of agricultural products were exported from East Azarbaijan Province during the seven-month period ending October 22, according to the Agricultural Jihad Organization of…
Economy
The FES Watch, an e-paper timepiece developed by a Sony subsidiary, first broke cover a year ago on Japanese crowdfunding site Makuake. Since then it has expanded to Sony’s own crowdfunding portal…
Economy
In the immediate aftermath of the Paris attacks on Friday, many with loved ones living in the city received a new type of notification from Facebook. The social network activated a relatively new…
Economy
In line with the growing “buy domestic” trend that has swept Russia over the past two years, developers have created a homegrown suite of office applications designed as an alternative to popular…
Economy
