Economy

Iran is ready to start shipping cheese to Russia, a little over a year after Moscow imposed an embargo on dairy products from most European countries, a Russian agricultural official said on…

When recession hits hard, economists from different schools waste little time in demanding government intervention. Here, however, the neoclassical economists are the exception, as they believe…

About 400,000 tons of steel were exported by Esfahan Steel Company, located in Isfahan Province, to 25 countries, including France, Turkey, India, China and Saudi Arabia, during the first half the…

The landmark nuclear deal reached between Iran and the United States and other world powers sets out arrangements for handling that issue, but it leaves open many other questions about…

Tehran Stock Exchange ended Wednesday’s sluggish trade in green as TEDPIX climbed 33 points or 0.05% at the day’s close to settle at 63,175.

The ongoing recession in the domestic market is to a great extent the offspring of the plunge in production. Hassan Sobhani, a senior economist, listed psychological factors, the slump in…

The latest insurance report from the Business Monitor International suggests Iran is offering significant long term growth potentials in the insurance industry.  Having a large population in…

The Money and Credit Council on late Tuesday ratified a government plan of action to check the growing recession and stimulate growth.

MCC members gave a nod to Central Bank of Iran's…

The government intends to boost the housing market through renovation of 300,000 residential units in distressed urban and suburban areas. According to the Urban Development and Revitalization…

Japan insurance industry representatives met with Noushin Khataei, head of the Iran Central Insurance Company for reinsurance affairs, the CII website reported. Khataei explained the current…

Toyota said Wednesday it was recalling 6.5 million vehicles worldwide over a power window glitch that presented a fire risk, the latest in a string of such moves by the Japanese auto giant.

Iran Khodro has begun exporting vehicles to Algeria based on a memorandum of understanding signed by the two sides.    

Saeed Tafazzoli, IKCO's deputy for export, said the…

The presale of Haima S7 SUV has officially started, with Iran's largest car producer, Iran Khodro, slated to begin sales across the country in the coming weeks.

According to Mostafa…

SAIPA's manufacturing line in Iraq is set to increase the production of its Tiba model tenfold by the end of the current Iranian year (March 2016). The company began production in Iraq in 2014,…

The Philippines is racing to supply Iran with bananas despite the difficulties posed by El Nino to Filipino banana growers, an official of the Southeast Asian country’s Department of Trade…

Afghanistan’s Mines and Petroleum Minister Davood Shah Saba called for Iran’s investment in Afghanistan’s mining industry.

Iran Alloy Steel Company, located in Yazd Province, exported more than 9,000 tons of its products worth over $4 million during the first half of the current Iranian year (started March 21), says…

The United Nations Conference on Trade and Development is ready to exchange customs information with Iran’s Single-Window System for International Trade, said regional coordinator of the UNCTAD’s…

Iran Mercantile Exchange recorded the offering of more than 290,000 tons of commodities on Tuesday.

According to IME, 77,000 tons of various grades of bitumen offered by Jey Oil Company, 4,…

Tehran Stock Exchange’s benchmark continued its slow uptrend and inched up slightly on Tuesday, as it rose 15.30 points or 0.02% to end at 63,142.

Senior Iranian officials discussed the state of economy and its prospects in the run-up to the lifting of western sanctions against the country.

Held at the Iran Chamber of Commerce,…

More than 760,000 tons of goods worth $400 million were exported from Markazi Province during the first half of the current Iranian year (started March 21), says the head of Industries, Mining and…

South Korea’s trade promotion agency says it plans to help enterprises make forays into Iran, in view of the forthcoming easing of economic sanctions on the country.

Iran’s free trade and economic zones have adequate infrastructures for attracting foreign investments.

Two top government economic officials have forecasted stability in the foreign exchange market in the coming months as the country gets ready for 'business as usual' and the crippling sanctions…