Economy

The Ministry of Agricultural Jihad is planning to increase butter production by exploiting unused capacities in dairy processing firms while improving the quality of raw materials, said the head…

Despite shortcomings in Iran’s packaging industry, the country’s glass packaging, particularly in food industry, is in good condition, as domestically-made glass bottles are exported to…

Iran is willing to assist Afghanistan in transportation and housing construction sectors, Iran’s minister of roads and urban development said.

Abbas Akhoundi made the statement in a meeting…

Industrial production units, with annual production worth more than $1.4 million, that cooperate with academics in scientific research will be awarded with 10% tax exemption, announced deputy…

The total number of branches of insurance companies in Iran registered a year-on-year growth of 2.5% in the previous Iranian fiscal year that ended on March 20, reaching 1,037, according to data…

Head of the central bank and Iran's economy minister held talks with their counterparts on the sidelines of the annual meeting of the World Bank Group and the International Monetary Fund which was…

Iranian New Towns Development Company and the Korean builder Daelim are getting ready to sign a €900 million agreement for building Kharazmi city in southeast Tehran. According to NTDC’s website,…

Bank Melli has so far allocated a total of 200 trillion rials ($667 million) in loans to the completion of unfinished projects across the country in the present year, said Abdolnaser Hemati, the…

Despite their seemingly unending struggle in lending to needy manufactures and businesses, Iranian banks are rather strangely cultivating some unheard love for art. Although banks’ artistic…

Iran Insurance Company (IIC) says it will pay 300 billion rials ($9 million) in claims by families of the victims of the recent disaster in Mecca, the company’s CEO Seyyed Abbas Husseini said on…

Tehran Stock Exchange’s main index TEDPIX inched up 9 points or 0.01% at Monday’s close to settle at 61,296.1.

About $180 million worth of various unprocessed and processed stones are exported every year, said deputy minister of industries, mining and trade for mining affairs, Jafar Sargheyni, during the…

More than 181,000 tons of aluminum ingots were produced by Iran’s three aluminum giants: IRALCO, Al-Mahdi and Hormozal, during the first half of the current Iranian year (started March 21),…

The official adoption of the Iran nuclear deal later this month will lead to the lifting of sanctions that will open opportunities in a country with a $500 billion economy that has been locked out…

Iran Mercantile Exchange featured about 129,500 tons of commodities offered by local suppliers on Monday.

Despite being hobbled by sanctions, Iran is in the midst of a shopping mall boom.

Several modern shopping malls, some of them only catering for luxury brands, have opened in the capital,…

Fiat is look to mimic the success of Renault's no-frills Dacia brand with its new compact car range based on the recently unveiled Aegea concept.

Iran's largest car producer, Iran Khodro, participated in a car show called AIAS-2015 in the Kazakh capital city of Astana this week.

The company presented four vehicles in Central Asia's…

As Iran's auto sector stagnates, several automotive manufacturing units, including auto part makers, are struggling to survive.  

The severity of the situation has gone so far that…

Martin Winterkorn, the former boss of Volkswagen who quit last month, will step down from his remaining posts at the company, the Sueddeutsche Zeitung newspaper and TV stations NDR and WDR…

A member of the Majlis Budget and Planning Commission has called on the Central Bank of Iran to revise “Banking and Monetary Laws” to stop banks from charging extra fees for e-banking services.…

The Ministry of Roads and Urban Development has taken measures to control and counter “unprofessional conduct” and neutralize conflict of interest among members and candidates of the Iran…

Having examined several alternatives several times to address the problems surrounding the insolvent Mizan Credit Institution, monetary authorities have finally decided to sell the firm to a…

The typical first time home-buyer in Iran now will have to make do with rent for an extended 12 years before being able to fulfill the dream of buying a house. This is while a maximum of five…

Economists and top government officials have unanimously declared the mining sector to be the only sector with enough potential to help the economy move away from overreliance on oil revenues.…