Russia annually imports more than $35 billion worth of foodstuffs due to lacking infrastructure for domestic production, presenting a tremendous opportunity for Iran’s food industry to enter the…
Economy
Iran economy news, Get the latest news about Iran economy, trade, growth prediction, agriculture, transport, aviation, infrastructural developments and investment opportunities.
Economy
Deputy Minister of Economic Affairs and Finance, Shapour Mohammadi says he expects Iran’s ranking in the World Bank’s ease of doing business index to improve in 2016.
Iran ranked 130th in…
Economy
Iran expects its economic growth to accelerate next year as the removal of sanctions under a nuclear agreement offsets a global slump in oil prices, a top aide to President Hassan Rouhani said.…
Economy
Iran's ICT Guild Organization has received the authorization to host the 21st International Exhibition of Electronics, Computer and E-Commerce.
According to Nasser Ali Sa'adat, head of IIG…
Economy
Iranian researchers at Tarbiat Modarres University have designed a nanocarrier that loads precise amounts of anti-cancer drugs and releases them in targeted cancer cells without using additional…
Economy
An Iranian university student has succeeded in producing biofuel using London rocket seeds.
Highly pollutant, fossil fuels are not sustainable sources of energy. This encouraged Mehdi Alami…
Economy
Although Iran's Chamber of Commerce, Industries, Mines and Agriculture was once governed by officials who would not allow the press anywhere near their premises, it is now led by a merchant who is…
Economy
Italy intends to become Iran’s first European partner and play a leading role in the new phase of relations between the two countries, said Cosimo Ferri, Italy's Undersecretary to Justice, in his…
Economy
Goods and services Consumer Price Index for urban areas increased 13.8% in the 12-month period ending August 22, which marks the end of the fifth month of the Iranian year Mordad, compared to the…
Economy
Foreign firms have invested about $1.7 billion in East Azerbaijan Province, says the director general of the Economic Affairs and Finance Office of East Azerbaijan Province. “The $1.2-billion…
Economy
About 1.5 tons of caviar will be produced this Iranian year (started March 21), said the head of Iran’s Fisheries Organization, adding that there are currently 50 active sturgeon farms across the…
Economy
To make furniture, Iran has to import wood from Georgia since the wood available in the country is of low quality, said a member of Tehran Carpenters and Sofa Manufacturers Union, adding that 80%…
Economy
The Ministry of Industries, Mining and Trade on Saturday announced that cement production stood at 20.8 million tons in the first four months of the current Iranian year (started March 21),…
Economy
Iran Fara Bourse’s overall index snapped its losing streak and notched up 0.22 point or 0.03% on Monday to close at 735.88. The IFX was mostly boosted by Marun Petrochemical Company’s performance…
Economy
The new chief of Iran Civil Aviation Organization, Ali Abedzadeh, says he will make every effort to liberalize air ticket prices as part of the Fifth Five-Year Development Plan (2011-16).
Economy
Unsettled investors kept shrugging off upbeat news, including the latest comments made by Britain’s Foreign Secretary Philip Hammond on possible collaboration between the two countries’ stock…
Economy
About 110,000 tons of iron ore at the base price of $20 per ton were offered by Jalalabad Iron Ore Complex on Iran Mercantile Exchange’s export trading floor on Monday to potential customers…
Economy
The Central Bank of Iran has approved a plan seeking to open a “free financial center” on Kish Island, IRNA reported on Monday, citing Ali Asghar Mounesan, managing director of Kish Free Trade…
Economy
As the debate on the revised tax laws requiring banks to disclose their account information to tax officials continues, officials are sparing no effort to assure the public that the media hype on…
Economy
Largely absent from the global finance scene during the sanctions era, Iranian banks and investment houses are beginning to take calls, schedule meetings and discuss partnerships with foreign…
Economy
With about 48,600 cars assembled this year through June, Chinese cars accounted for 9.75% of Iran’s total car output, a sixfold increase from just 1.6% in 2011.
Chinese automakers improved…
Economy
Chances of Fiat entering Iran are slim, said Iran's Minister of Industries, Mining and Trade Mohammad Reza Nematzadeh during his visit to Iran's pavilion at EXPO 2015 Milano.
As American…
Economy
The sale of one of Renault's latest models is underway in Iran.
Symbol 2016 has been warmly welcomed by Iranian buyers, said Negin Khodro's marketing manager.
Shokrollah Shokouhi…
Economy
Bifuel and hybrid vehicles will replace more than 6,300 dilapidated Paykan taxis by January 2016, said the technical and operational deputy at Tehran's Taxi Organization. Mehdi Ebrahimi…
Economy
Tracking price-to-rent (P/R) ratio for homes in Tehran has disproved the claim that the housing sector is still grappling with a price bubble.
Economy
