Economy

Iran Khodro says it has succeeded in upgrading its cars to fuel-efficient products. Speaking to Shana, IKCO’s standard supervision director Keyvan Vaziri said all the vehicles made by the company…

India will set up a company to develop Iran’s Chabahar Port to open up a better trade route into landlocked Afghanistan, a government statement said on Saturday. According to Businessworld, India…

Iran can become the Republic of Azerbaijan’s biggest trade partner in the near future, Azeri Deputy Economy and Industry Minister, Sahil Babayev, announced in a press conference in Baku on Sunday…

The head of Iranian National Standards Organization said the threat of soil erosion is critical as its rate is 20 times above the global standards.

Nayereh Pirouzbakht, speaking at the…

The average labor productivity growth rate in Iran stands at 1.3 percent, minister of labor, cooperatives and social welfare, Ali Rabiee, has announced.

In the closing ceremony of the 15th…

Competition between road and rail transport must proceed further, and the necessary infrastructures must be built in order to facilitate transportation across the country, minister of roads and…

Iran is to earmark $2.8 billion for the expansion of the main air terminal, Imam Khomeini International Airport in Tehran. Companies from France, China and Malaysia have announced their readiness…

Establishing a quality assurance fund for building constructions will be in favor of both housing applicants and construction beneficiaries, according to the head of Tehran Mass Builders…

A conference on banks and information technology firms will kick off on October 19 in Tehran, the CEO of Bank Tejarat, Mohammad Ebrahim Moghadam told IRNA on Saturday.

A specialized seminar on marketing of financial services and instruments will be held on October 30 at the IRIB International Conference Center, MNA reported.

Indian refiners are to pay $500 million to Iran next week, the second installment in an interim deal that allows Tehran to recover part of overseas frozen oil revenues that are payments for oil it…

Iron ore supply during the first two quarters of the current Iranian year, which ended Sep. 22, grew 2 percent compared to the same period last year, the Iranian Mines and Mining Industries…

The deputy minister of industry, mine and trade on Friday called for closer interaction and cooperation between the Organization of Small Industries and Industrial Parks with the State…

The biggest challenge the copper industry faces is implementing its development plans in time. During the past few years numerous plans were approved by the previous government, but they are…

The labor ministry seeks to reduce unemployment rate and is, therefore, planning to send Iranian youth and educated labor force to other countries under a special transfer system, deputy labor…

The mining sector’s share in the Gross National Product (GNP) is one percent, but the figure could increase to 3%, the minister of industry, mine and trade Mohammadreza Nematzadeh said. “The…

An official from the Export Guarantee Fund of Iran has sounded the alarm over a rising risk of export concentration, saying the limited number of export destinations could impact the national…

Despite its large swaths of unfertile land and desert, Iran is a large and proud producer of wheat. This looks set to change, however, as regional politics and a national water crisis drive the…

In its latest meeting, the cabinet ratified its 7-section plan aimed at stimulating growth in the housing sector, renovating dilapidated urban structures, and providing newly-wed young couples…

Iran’s non-oil exports reached 23 billion dollars in the first six months of the current Iranian year (March 21-September 22), deputy industry minister said Saturday, adding that the balance of…

The German ambassador to Tehran says European companies are waiting for a comprehensive deal between Tehran and the P5+1 group of world powers to rush for investment in the Iranian…

The Organization for Economic Cooperation and Development (OECD) published a report back in July showing that Iran was one of the several countries which scored highest on its export credits risk…

A typical Iranian household would be able to buy a house after 36 years if it saved up to one thirds of its annual income in 2012/13, Tasnim news agency said. According to the report, if an…

Iran marks the National Export Day on October 19 in Tehran Summit Conference Hall, according to the public relation office of the Trade Promotion Organization (TPO). President Hassan Rouhani,…

A Hague-based Permanent Court of Arbitration has turned down a claim by Turkish mobile phone operator Turkcell against Iran.

“The lawsuit filed by Turkcell against the Islamic Republic of…