Economy

The world’s biggest international carrier Emirates touched down in Mashhad for the first time last week, adding the northeastern city to its only other Iranian destination, Tehran.

Iran Mercantile Exchange witnessed the offering of 110,000 tons of granulated iron ore priced at $14 per ton by Sangan Iron Ore Complex, 500 tons of roof insulation, 1,000 tons of sulfur lumps by…

Bandar Abbas Oil Refining Company’s ticker symbol’s reopening in the final trading hours at Tehran Stock Exchange on Wednesday led to 17.8% drop in the company’s shares’ value, dramatically…

It has been echoed many times by government officials that the country needs to move away from a single-product economy that relies solely on oil revenues. Oil price fluctuations have sent…

Austrian companies signed 15 contracts and memoranda of understanding with their Iranian counterparts on Tuesday, becoming the first western firms to put down concrete stakes in the country since…

Unlike many neighboring countries that have seen rapid modernization in the retailing industry, Iran remained very traditional, with a large number of independent outlets mushrooming across the…

In a meeting between Ambassador of Thailand to Iran Ramsee Chittham and managing director of Kish Free Trade Zone Ali-Asghar Mounesan on Kish Island earlier this week, the Thai envoy expressed…

Head of Iran-Italy Chamber of Commerce, Ahmad Pourfallah, says small enterprises are one of the key-sectors in which Italians are keen to invest.

Iran will become self-sufficient in red meat in five years and there will be no more imports, says Deputy Minister of Agriculture Hassan Rokni. According to the official, about 60,000 tons of red…

More than 60,000 tons of tomato paste valued at $90 million were exported during the first five months of the current Iranian year (started March 20), showing a 33% increase in terms of volume and…

The lifting of nuclear-related trade and financial sanctions on Iran, should it materialize, would be credit positive for Iranian banks, says Moody's Investors Service in a report published…

Lending by banks reached 939.7 trillion rials ($31.3 billion at official exchange rates) in the first four months of the calendar year (started March 21), an increase of 16.4% or 132.1 trillion…

The current interest rates offered by banks are more or less “adjusted with the inflation rate” and ensure the interest of depositors, a banking official said, Bourse Press website reported.

A senior bourse official says launching the highly publicized currency futures would be possible after implementation of the unified foreign exchange rate.

The recent reported increase in home sales raises hope that the long stagnant housing market and the economy are slowly leaving recession behind, head of Tehran Association of Realtors said Monday…

Japan and the United States will resume bilateral talks Wednesday in Washington on auto trade issues under the Trans-Pacific Partnership free trade initiative, the Japanese Foreign Ministry said…

The Sixth Exhibition of Vehicles and Vehicle Spare Parts is underway in Ardabil. Officials, MPs, councilors, managers of SAIPA manufacturing group and industrialists are attending the event, Asre…

SAIPA, Iran's second-largest car manufacturing company, apologized to its customers for the low quality of its products, particularly Pride. However, people on Iranian websites have largely taken…

Adaptive cruise control has been an option on some cars for almost a decade. But in a recent national survey, 65% of US drivers did not know what it was.

The survey, by the University of…

Iranian, German and Afghan professors and experts of geology have convened at Geological Survey of Iran to survey the mining resources of Afghanistan and the country’s technical know-how in this…

Any global steelmakers hoping a potential end to sanctions on Iran will fully revive what was once a multibillion dollar import market for their product will be disappointed as Tehran is boosting…

The prevailing recession coupled with cash flow issues kept draining Tehran Stock Exchange on Tuesday with dramatic retreat in daily trade volume and value.

More than 264,000 tons of commodities were offered on Iran Mercantile Exchange’s trading floors on Tuesday.

The export trading floor witnessed the offering of 84,000 tons of bitumen by Jey…

Expanding cooperation between Iran and Portugal in the areas of agricultural trade and technologies was discussed in a meeting between head of Agricultural Ministry’s International Affairs…

It is about two decades that dropped ceiling has turned into a key building component of modern construction in both residential and commercial applications.